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NZ dollar holds above 76 US cents on prospects Greece will avoid a euro-exit
By Hannah Lynch May 29 (BusinessDesk) - The New Zealand dollar held above 76 US cents on prospects Greece will avoid a euro-exit after polls showed the nation's pro-bailout party gaining ground, boosting demand for higher- yielding assets, such as the kiwi. The New Zealand doll...
MARKET CLOSE: NZ shares fall; F&P Healthcare falls amid talks with analysts
May 28 (BusinessDesk) - New Zealand shares fell, led by Fisher & Paykel Healthcare, as the company met analysts to discuss its annual results and an outlook that has disappointed some investors. Rakon bounced back from its lowest level this year. The NZX 50 Index rose 23.97 poi...
NZ Dollar Outlook: Kiwi may gain as Spain taps ECB funding, Greeks favour austerity
By Hannah Lynch May 28 (BusinessDesk) - The New Zealand dollar may rise this week on speculation Spain will tap European Central Bank funding to bail out its banks and on signs that Greeks will accept EU-impose austerity measures as they head back to the polls. The New Zealand...
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