All News
NZ dollar follows Wall Street higher as JPMorgan earnings beats expectations
By Hannah Lynch July 16 (BusinessDesk) - The New Zealand dollar gained as investors were more upbeat after better-than-expected second-quarter earnings from investment bank JPMorgan & Chase, stoking appetite for higher-yielding assets. The New Zealand dollar rose to 79.67 US c...
Transpower upgrade, food, building costs may mark otherwise tame second-quarter inflation
By Jonathan Underhill July 16 (BusinessDesk) - Higher electricity costs, as power companies hike prices to pay for Transpower’s grid upgrade, a jump in food prices and emerging pressure in building costs probably marked an otherwise tame pace of inflation in the second quarter....
World Week Ahead: Bernanke's address to Congress
By Margreet Dietz July 16 (BusinessDesk) - All eyes will be on US Federal Reserve Chairman Ben Bernanke's semi-annual testimony to Congress on Tuesday and Wednesday as investors look for any clues about the potential and timing for further easing to lift the pace of growth. A...