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World Week Ahead Focus of the Fed
By Margreet Dietz July 29 (BusinessDesk) – The policymakers of the US Federal Reserve will meet over two days this week and investors are positioning themselves just in case the central bank further details its plan to rein in its bond buying. And that’s exactly what the Inter...
NZ dollar strengthens after central bank signals inflationary pressures likely to push up rates
By Tina Morrison July 26 (BusinessDesk) – The New Zealand dollar strengthened after the central bank signalled that inflationary pressures from housing and construction are likely to push up interest rates. The kiwi rose to a six-week high of 81.06 US cents and was at 80.79 cen...
MARKET CLOSE NZ shares rise as Tower, Fletcher recover; OceanaGold falls
July 26 (BusinessDesk) – New Zealand shares rose as Tower recovered from its post-quake decline and Fletcher Building gained from its recent slide. OceanaGold fell after reporting a second-quarter impairment tied to the price of gold. The NZX 50 Index rose 5.194 points, or 0.1 p...
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