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NZ dollar weakens ahead of Federal Reserve comments on stimulus
By Tina Morrison May 22 (BusinessDesk) - The New Zealand dollar weakened against its US counterpart amid speculation growth in the world's largest economy may spur the Federal Reserve to reduce stimulus, known as quantitative easing. The kiwi fell to 81.56 US cents from 81.82 c...
While you were sleeping Bullard lifts stocks
By Margreet Dietz May 22 (BusinessDesk) - Wall Street gained, touching records, after Federal Reserve Bank of St. Louis President James Bullard said the central bank should maintain its current bond-buying program to help bolster growth. In a speech in Frankfurt, Germany, Bulla...
Goodyear to sell NZ retail businesses to locals for undisclosed sum
May 21 (BusinessDesk) - Goodyear & Dunlop Tyres, the local unit of the biggest US tyre maker, plans to sell its New Zealand retail business for an undisclosed sum to locally-owned Beau Ideal. If closed, the deal is expected to settle before the end of next month, and would see...
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