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NZ dollar gains after Spain retains rating, as EU summit looms
By Jonathan Underhill Oct. 18 (BusinessDesk) – The New Zealand dollar rose after Moody’s Investors Service affirmed Spain’s investment grade credit rating, stoking risk appetite as traders position themselves ahead of the European Union summit starting Thursday in Europe. The k...
While you were sleeping Housing offsets IBM, Intel
By Margreet Dietz Oct 18 (BusinessDesk) - Wall Street opted to focus on another report pointing to better-than-expected signs of recovery in the American real estate market, as both Intel and IBM failed to deliver with their latest results. US housing starts jumped 15 percent l...
MARKET CLOSE NZ shares rise as Telecom’s yield appeals; SkyCity gains
Oct. 17 (BusinessDesk) - New Zealand shares rose as investors were drawn to stocks with relatively appealing dividend yields such as Telecom and Restaurant Brands. SkyCity Entertainment Group rose ahead of its annual meeting. The NZX 50 Index rose 24.48 points, or 0.6 percent, t...
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