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NZ dollar gains on concern Bernanke may be cautious on US growth
By Tina Morrison May 21 (BusinessDesk) - The New Zealand dollar rose as the greenback weakened on trader bets that Federal Reserve Chairman Ben Bernanke on Wednesday may say he is still cautious about the pace of recovery in the world's largest economy. The kiwi rose to 81.72 U...
While you were sleeping Hesitancy after new records
By Margreet Dietz May 21 (BusinessDesk) - Wall Street touched fresh records earlier in the day before giving up gains as investors await clues from the US Federal Reserve on its plans for maintaining stimulus measures. The minutes from the latest Fed's policy committee meeting...
NZ targets $30M extra tax from mining tax changes
By Pattrick Smellie May 20 (BusinessDesk) - The government's enthusiasm for mining does not run to leaving " very concessionary" tax treatment rules for mining company expenses in place, with Revenue Minister Peter Dunne tabling new legislation to raise around $30 million a year...