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NZ dollar gains to 80 US cents as Bernanke sees slow EU progress
By Jonathan Underhill July 19 (BusinessDesk) - The New Zealand dollar rose against the greenback and returned to record levels versus the euro after Federal Reserve chairman Ben Bernanke told the US House that Europe isn’t close to a long-term solution to its debt crisis and lef...
Greenpeace, Te Whanau a Apanui appeal Petrobras decision
By Paul McBeth July 19 (BusinessDesk) - Environmental lobby group Greenpeace and East Coast iwi Te Whanau a Apanui have lodged an appeal against last month's High Court decision upholding Petrobras' deep sea oil exploration licence. Papers have been filed with the Court of App...
While you were sleeping: Honeywell, Intel lift Wall Street
By Margreet Dietz July 19 (BusinessDesk) - Wall Street advanced as earnings by Honeywell and Intel surpassed expectations, sparking relief that corporate profits are proving more resilient than initially feared. Shares of Honeywell rose more than 6 percent, while those of Intel...