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MARKET CLOSE NZ shares rise as Xero cracks $5 bln value, Wynyard extends rally
Jan. 9 (BusinessDesk) – New Zealand shares rose, led by Xero on optimism more investors will focus on the cloud-based accounting firm’s growth potential. Wynyard Group, another high-growth tech company, surged to a new record. The NZX 50 Index rose 35.070 points, or 0.7 percent...
NZ dollar falls as upbeat US jobs figures, Fed minutes fuel optimism on American recovery
By Paul McBeth Jan. 9 (BusinessDesk) - The New Zealand dollar fell after better than US jobs figures and minutes to the last Federal Reserve policy meeting stoked optimism over the recovery in the world’s biggest economy, and fuelled expectations the US central bank may withdra...
NZ commodity prices rise in December, led by cheese, butter, milk powder
Jan. 9 (BusinessDesk) – New Zealand commodity prices rose in December, led by gains in dairy products. The ANZ Commodity Price Index advanced 1 percent to 330.4 from November, touching its second highest level on record. The index is about 22 percent above December 2012. Inter...
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