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NZ dollar edges up in volatile trading after Bernanke says stimulus dependent on economic data
By Tina Morrison July 18 (BusinessDesk) – The New Zealand dollar edged up in volatile trading after Federal Reserve chairman Ben Bernanke emphasised the central bank’s asset purchase programme could be reduced more quickly or expanded depending on economic conditions. The kiwi...
While you were sleeping Bernanke stresses flexibility
By Margreet Dietz July 18 (BusinessDesk) - Wall Street gained after Federal Reserve Chairman Ben Bernanke said there was no "preset course" for the central bank's bond-buying program, while better-than-expected results from companies including Bank of America also underpinned th...
Milford monorail developer optimistic now competitor axed
By Pattrick Smellie July 17 (BusinessDesk) – The overland monorail tunnel project to take tourists to Milford Sound is more likely to proceed now that the main opposition, the proposed Milford Dart tunnel option, has been declined by Conservation Minister Nick Smith, says the $1...
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