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MARKET CLOSE NZ shares fall, paced by Tower, PGG Wrightson before Fed

MARKET CLOSE NZ shares fall, paced by Tower, PGG Wrightson before Fed

By Hannah Lynch Sept. 13 (BusinessDesk) - New Zealand shares fell, nudging the NZX 50 Index from the highest in more than four years, on bets stocks have risen enough to account for any extra stimulus the Federal Reserve should announce this week. Tower and PGG Wrightson dropped...

13 Sep 2012
NZ dollar gains in anticipation of Fed's QE3, RBNZ pushes out timeline for rate hikes

NZ dollar gains in anticipation of Fed's QE3, RBNZ pushes out timeline for rate hikes

By Paul McBeth Sept. 13 (BusinessDesk) - The New Zealand dollar rose in local trading in anticipation the Federal Reserve will start printing more money to spur the US economic recovery, and after the Reserve Bank of New Zealand pushed out its path towards higher interest rates....

13 Sep 2012
Bollard backs inflation targeting as best in swansong appearance

Bollard backs inflation targeting as best in swansong appearance

By Paul McBeth Sept. 13 (BusinessDesk) - Reserve Bank governor Alan Bollard has thrown his support behind inflation as the primary target for the central bank's policy target agreement, and hosed down suggestions moving the official cash rate can have a lasting effect on the cu...

13 Sep 2012