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While you were sleeping Fed opens taper door
By Margreet Dietz May 23 (BusinessDesk) - US stocks and bonds fell, both giving up earlier gains, after Federal Reserve chief Ben Bernanke suggested the central bank might scale back stimulus measures as early as at its next meeting. “If we see continued improvement and we have...
MARKET CLOSE NZ shares rise; Ryman resumes climb, Fletcher finds base
May 22 (BusinessDesk) – New Zealand shares rose as Ryman Healthcare climbed to a new record, bouncing back from a decline that may have been triggered by a rival’s stock selldown, while Fletcher Building halted its slide analyst presentation sin Australia. The NZX 50 Index gain...
NZ dollar slips as investors await Bernanke’s take on QE
By Paul McBeth May 22 (BusinessDesk) - The New Zealand dollar edged lower in the local session as investors hold off from making any decisions ahead of Federal Reserve chairman Ben Bernanke’s Congressional testimony, where he’s expected to give his view on whether the US central...
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