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NZ dollar rises after weaker-than-expected US manufacturing
By Hannah Lynch July 03 (BusinessDesk) - The New Zealand dollar rose after manufacturing data in the US unexpectedly shrank for the first time in three years, highlighting the relative strength of the Australasian economies. The New Zealand dollar rose to 80.42 US cents at 8am...
While you were sleeping: Manufacturing activity hit
By Margreet Dietz July 3 (BusinessDesk) - A bigger-than-expected slide in US manufacturing weighed on Wall Street, bolstering concern about a slowdown in the pace of expansion in the world's largest economy. That fear was muted by expectations the US Federal Reserve will take a...
MARKET CLOSE: NZ shares rise as EU pledge stokes risk sentiment: Fletcher, Telecom gain
July 2 (BusinessDesk) - New Zealand shares rose, joining a global rally in equity markets after European leaders agreed to use their rescue funds to aid the region’s lenders. Telecom and Fletcher Building paced the advance. The NZX 50 Index rose 40.32 points, or 1.2 percent, to...
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