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While you were sleeping Yellen lifts equities
By Margreet Dietz Feb 12 (BusinessDesk) – Stocks on both sides of the Atlantic gained as Janet Yellen, the US Federal Reserve’s new chairman, signalled continuity in the central bank’s policy and optimism about the US economic outlook. “Let me emphasise that I expect a great de...
MARKET CLOSE NZ shares gain on upbeat Australian figures; Fletcher, Ebos rise
By Suze Metherell Feb. 11 (BusinessDesk) – New Zealand stocks rose as earnings growth from Australia & New Zealand Banking Group and signs of an improving Australian economy lifted sentiment on companies doing business across the Tasman, such as Fletcher Building and Ebos Group...
NZ dollar falls vs. Aussie, gains against greenback after upbeat Australian figures
Feb. 11 (BusinessDesk) – The New Zealand dollar weakened against the Australian dollar as improved business confidence and signs of a pickup in housing reduced the prospects of interest rates cuts across the Tasman. The kiwi fell to 92.11 Australian cents at 5pm in Wellington,...