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NZ dollar touches fresh 5-year high against Australian dollar ahead of business confidence report
By Tina Morrison Dec. 10 (BusinessDesk) – The New Zealand dollar touched a new five-year high against the Australian dollar overnight ahead of a report today which is expected to show the Australian economy continues to lag New Zealand. The kiwi hit 91.31 Australian cents overn...
While you were sleeping Deciphering Fed speak
By Margreet Dietz Dec. 10 (BusinessDesk) – Wall Street rose amid optimism that accelerating economic growth will outweigh any pullback in the US Federal Reserve’s bond-buying programme. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.11 percent, the S...
MARKET CLOSE NZ shares rise as Telecom sells AAPT, power companies bounce
Dec. 9 (BusinessDesk) – New Zealand shares rose after Telecom announced the sale of its AAPT unit in Australia at a higher price than expected and Contact Energy led gains among power companies beaten up by fears of a Labour-Greens government next year. The NZX 50 Index rose 4....
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