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NZ dollar follows Wall Street higher as JPMorgan earnings beats expectations

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...

15 Jul 2012
Transpower upgrade, food, building costs may mark otherwise tame second-quarter inflation

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....

15 Jul 2012
World Week Ahead: Bernanke's address to Congress

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...

15 Jul 2012