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NZ dollar drops after Fed signals US economic recovery ahead, driving greenback demand

NZ dollar drops after Fed signals US economic recovery ahead, driving greenback demand

By Tina Morrison March 20 (BusinessDesk) – The New Zealand dollar dropped almost three-quarters of a US cent after the Federal Reserve raised its projections for future US interest rates, signalling it sees recovery ahead for the world’s largest economy and spurring demand for...

19 Mar 2014
While you were sleeping Fed tapers again

While you were sleeping Fed tapers again

By Margreet Dietz March 20 (BusinessDesk) – US Federal Reserve policy makers said they cut their monthly bond-buying program by another US$10 billion as they upgraded their expectations for the rate of improvement in the US labour market. Reducing the pace of its bond purchases...

19 Mar 2014
MARKET CLOSE NZX 50 reaches new record on ‘safe-haven’ appeal; MRP, Contact gain

MARKET CLOSE NZX 50 reaches new record on ‘safe-haven’ appeal; MRP, Contact gain

By Suze Metherell March 19 (BusinessDesk) – New Zealand’s NZX 50 Index rose to a record as economic growth, the prospect of political stability and distance from geo-political tensions in Europe lured investors. MightyRiverPower, Meridian Energy and Contact Energy rose. The NZ...

19 Mar 2014
NZ dollar slips from 11-month high ahead of Fed policy review

NZ dollar slips from 11-month high ahead of Fed policy review

19 Mar 2014
Diligent says it won’t meet March 31 deadline to file annual report

Diligent says it won’t meet March 31 deadline to file annual report

19 Mar 2014
UPDATED Pumpkin Patch shares sink to record-low as 1H earnings plunge 98 percent

UPDATED Pumpkin Patch shares sink to record-low as 1H earnings plunge 98 percent

19 Mar 2014
NZ dollar-yuan trading may jump, following Australian example, HSBC says

NZ dollar-yuan trading may jump, following Australian example, HSBC says

18 Mar 2014
Dairy exports drive NZ surplus on goods and services to record, shrinking current account gap

Dairy exports drive NZ surplus on goods and services to record, shrinking current account gap

18 Mar 2014
Labour’s Cunliffe offers tax sweetener to stoke ailing wood processing sector

Labour’s Cunliffe offers tax sweetener to stoke ailing wood processing sector

18 Mar 2014
Pumpkin Patch 1H profit slides 98 percent on poor Australia sales, disrupted supply, high kiwi

Pumpkin Patch 1H profit slides 98 percent on poor Australia sales, disrupted supply, high kiwi

18 Mar 2014
APN raises A$23 mln in oversubscribed retail offer

APN raises A$23 mln in oversubscribed retail offer

18 Mar 2014
Airwork lifts annual forecast profit on strong helicopter unit trading

Airwork lifts annual forecast profit on strong helicopter unit trading

18 Mar 2014
NZ dollar soars to 11-month high as investors favour risk assets

NZ dollar soars to 11-month high as investors favour risk assets

18 Mar 2014
Dairy product prices drop to nine-month low as March volumes jump

Dairy product prices drop to nine-month low as March volumes jump

18 Mar 2014
UPDATED Abano says full-year earnings before minorities to beat Grant Samuel estimate

UPDATED Abano says full-year earnings before minorities to beat Grant Samuel estimate

18 Mar 2014
While you were sleeping Microsoft shares climb

While you were sleeping Microsoft shares climb

18 Mar 2014
RESEND Feltex float ‘squeezed the juice from the lemon’, lawyer says, citing director email

RESEND Feltex float ‘squeezed the juice from the lemon’, lawyer says, citing director email

18 Mar 2014
Abano sees smaller annual sales on strong kiwi dollar, takeover bid hit bottom line

Abano sees smaller annual sales on strong kiwi dollar, takeover bid hit bottom line

18 Mar 2014
Feltex float ‘squeezed the juice from the lemon’, lawyer says, citing director email

Feltex float ‘squeezed the juice from the lemon’, lawyer says, citing director email

18 Mar 2014
MARKET CLOSE NZX 50 rises to new record; MRP, Meridian, Contact gain on political polls

MARKET CLOSE NZX 50 rises to new record; MRP, Meridian, Contact gain on political polls

18 Mar 2014
Sharply improved productivity figures suggest economic tipping point, says Bagrie

Sharply improved productivity figures suggest economic tipping point, says Bagrie

18 Mar 2014
NZ dollar holds gains as RBA minutes affirm optimism about Australia

NZ dollar holds gains as RBA minutes affirm optimism about Australia

18 Mar 2014
Expats can breathe easier as tax dept issues new advice on residency

Expats can breathe easier as tax dept issues new advice on residency

18 Mar 2014
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