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NZ dollar falls to month-low as investors reduce their holdings following RBNZ’s ‘on hold’ decision
By Tina Morrison Jan 31 (BusinessDesk) – The New Zealand dollar fell to a month-low as investors who had been holding the currency in anticipation the central bank may have hiked rates yesterday reduced their reserves. The kiwi touched 81.22 US cents this morning, its lowest s...
While you were sleeping Facebook soars on earnings
By Margreet Dietz Jan 31 (BusinessDesk) – Wall Street climbed, bolstered by better-than-expected corporate earnings including from Facebook and upbeat US economic data. American GDP expanded at a 3.2 percent annual pace in the fourth quarter of 2013, according to Commerce Depar...
RESEND - MARKET CLOSE NZ shares drop as global markets retreat
(Fixes typo in headline) By Suze Metherell Jan. 30 (BusinessDesk) – New Zealand shares fell today, as global markets reacted to news of another cut in US monetary stimulus and investors eyed emerging markets nervously. The NZX 50 Index fell 32.881 points or about 0.7 percent...
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