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MARKET CLOSE NZ shares rise as Fed under-delivers; Telecom, Fletcher, Ebos gain
Dec. 19 (BusinessDesk) – New Zealand shares rose, with the NZX 50 Index clawing back most of yesterday’s selloff, after the Federal Reserve announced a smaller than expected reduction in stimulus and figures showed economic growth that beat estimates. Telecom, Fletcher Building...
UPDATE Lyttelton Port shares close at record after $438.3 mln insurance deal
(Updated to include share price gain, investor voice) By Paul McBeth Dec. 19 (BusinessDesk) - Shares in Lyttelton Port Co closed at a record high since the South Island’s biggest port listed in mid-1996 after the company reached a settlement with its three insurers for a $438....
NZ dollar falls after Fed starts to slow its money printing programme
By Paul McBeth Dec. 19 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve trimmed its asset purchase programme in the face of a recovering US economy, in the first step towards ending stimulus which has been debasing the greenback. The kiwi fell to 81.80 U...
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