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While you were sleeping Wall Street regains momentum
By Margreet Dietz March 21 (BusinessDesk) - As Cyprus continued its efforts to seek financial help that will prevent its bankruptcy, investors turned their focus toward positive news from companies including Lennar and Adobe. Cypriot lawmakers yesterday vetoed a proposal, sugge...
MARKET CLOSE NZ shares edge higher as Xero charts new record, Sky TV gains
March 20 (BusinessDesk) – New Zealand shares rose, led by cloud-based accounting firm Xero, which added another $100 million to its market value to reach a new record while Sky Network Television rose to the highest in almost two years. The NZX 50 Index gained 4.39 points, or 0...
NZ dollar falls in face of wider current account gap, Cyprus impasse
March 20 (BusinessDesk) – The New Zealand dollar extended its slide after figures showed the current account deficit widened more than expected in the fourth quarter and the bailout impasse in Cyprus kept the US dollar well bid. The kiwi dollar fell to 82.28 US cents in late Ne...
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