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While you were sleeping Wall Street extends rise
By Margreet Dietz Feb 28 (BusinessDesk) - Wall Street rallied for a second day as stronger-than-expected reports on US business spending and the housing market bolstered optimism about the sustainability of the economic recovery. In afternoon trading in New York, the Dow Jones...
MARKET CLOSE NZ shares rally; NZX gains on listing prospects after ruling
Feb. 27 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new five-year high, as a court ruling allowing the sale of MightyRiverPower stoked optimism for new NZX listings. The NZX 50 rose 37.40 points, or 0.9 percent, to 4276.31, the highest close since Oc...
NZ dollar holds below 83 US cts as Italian election uncertainty erodes investor confidence
By Paul McBeth Feb. 27 (BusinessDesk) - The New Zealand dollar held below 83 US cents in local trading as the uncertain election outcome in Italy dented investors' appetite for riskier, or higher-yielding, assets, and trumped an unchanged outlook for this season's payout to dair...
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