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While you were sleeping Yellen shows support
By Margreet Dietz April 17 (BusinessDesk) – Wall Street rose after US Federal Reserve Chair Janet Yellen reassured investors that the central bank will continue with its easy money policy to bolster the US economic recovery. “The larger the shortfall of employment or inflation...
MARKET CLOSE NZ shares gain on global rally; Diligent, Pacific Edge lead gains
By Suze Metherell April 16 (BusinessDesk) - New Zealand stocks joined a global rally as US company earnings growth lifted sentiment for equity markets. Diligent Board Member Services led the benchmark index higher after reporting first-quarter sales growth. Pacific Edge and Ske...
NZ dollar falls to nine-day low after slower than expected inflation
By Paul McBeth April 16 (BusinessDesk) - The New Zealand dollar dropped to a nine-day low after slower than expected inflation raised questions over the track of rising local interest rates. The kiwi fell as low as 85.79 cents, trading at 85.86 cents at 5pm in Wellington from...