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While you were sleeping Turkey, South Africa raise rates
By Margreet Dietz Jan 30 (BusinessDesk) – Equity markets slid amid disappointing US corporate earnings and concern about the global impact of currency turmoil in emerging markets that prompted central banks of Turkey and South Africa to lift interest rates. Meanwhile, investors...
NZ dollar extends decline after Fed continues tapering, ahead of RBNZ interest rate decision
By Tina Morrison Jan 30 (BusinessDesk) – The New Zealand dollar extended its decline after the Federal Reserve announced plans to continue to wind back its monetary stimulus despite volatility in emerging markets. The decision comes just one hour before New Zealand’s central ban...
MARKET CLOSE NZ shares rise joining global rally
By Suze Metherell Jan. 29 (BusinessDesk) – New Zealand shares rose today joining a global rally but the markets continue to be cautious as investors await earnings season. The NZX 50 climbed 34.284 points or 0.7 percent to 4882.723. Within the Index 36 shares rose, eight fell...
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