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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...
NZ dollar hits fresh 2-mth high on EU’s bank pledge, central bank meetings
By Hannah Lynch July 2 (BusinessDesk) - The New Zealand dollar hit a fresh two-month high against the greenback after the European Union pledged to bail out the region's banking sector and traders await a raft of central bank meetings this week. The New Zealand dollar rose as...
NZ government delays timing of higher ETS costs as global climate action stalls
By Pattrick Smellie July 2 (BusinessDesk) - The government has sided with advice from industry and farming lobbies, pushing out both the dates and levels at which New Zealand will face higher carbon costs under the country's emissions trading scheme. Climate Change Minister Ti...
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