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While you were sleeping Chinese engine kicks into gear
By Margreet Dietz Jan 11 (BusinessDesk) - Wall Street advanced as better-than-expected exports data from China underpinned hope the world's second largest economy will help propel growth elsewhere. China's overseas shipments jumped 14.1 percent from a year earlier last month. T...
MARKET CLOSE NZ shares rise to new 5-year high; Fletcher, Steel and Tube gain
Jan. 10 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new five-year high, as expectations of a pickup in building activity lifted companies such as Fletcher Building, Steel & Tube Holdings and Cavalier. PGG Wrightson rose to a 17-month high. The NZX 50...
NZ dollar rallies as Chinese trade surplus grows, stoking confidence in economy
By Paul McBeth Jan. 10 (BusinessDesk) - The New Zealand gained as a stronger-than-expected Chinese trade surplus stoked investors' confidence the world's second-biggest economy has weathered a slowdown and can regain momentum. The kiwi gained to 84 US cents at 5pm in Wellingto...
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