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NZ dollar gains as Europe agrees to 100 bln euro deal for Spanish banks
By Hannah Lynch June 11 (BusinessDesk) - The New Zealand dollar gained more than half a US cent after European policymakers agreed to a 100 billion euro rescue package for Spain's struggling banks, stoking demand for high-yielding, or riskier, currencies such as the kiwi. The...
MARKET CLOSE: NZ shares fall; Telecom departs NYSE, Steel & Tube gains
June 8 (BusinessDesk) – New Zealand shares fell, paced by Telecom as the biggest company on the bourse said it would delist its NYSE-traded American depositary receipts and that it would meet profit guidance by cutting costs. Steel & Tube, which is to drop out of the NZX 50 Index...
NZ dollar falls as Bernanke shies off QE3, saps investor optimism
By Paul McBeth June 08 (BusinessDesk) - The New Zealand dollar ended a five-day rally as US Federal Reserve chair Ben Bernanke shied away from hinting at injecting more stimulus into the world's biggest economy, sapping investors' confidence for riskier, or higher-yielding, asse...
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