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While you were sleeping Deal or no deal
Oct. 1 (BusinessDesk) – Stocks fell on both sides of the Atlantic, while US Treasuries gained as the midnight deadline to reach an agreement on continuing to fund the US government approached with no deal in sight. At the centre of the standstill is President Barack Obama's Aff...
Kiwi may weaken in run-up to Christmas, in reprieve for exporters, survey shows
By Tina Morrison Oct. 1 (BusinessDesk) – The New Zealand dollar may decline toward the end of the year, helping exporters such as fishing company Sanford who see the value of their overseas sales eroded when the currency rises. The kiwi, which recently traded at 83.16 US cents,...
CORRECT MARKET CLOSE NZ shares join selloff on US budget stalemate
(corrects reference in opening para to replace ‘moratorium’ with ‘referendum’) Sept. 30 (BusinessDesk) – New Zealand shares fell, paced by Telecom and MightyRiverPower, ahead of a possible US budget stalemate and as the government scheduled a referendum on state asset sales for...
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