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Key more confident on Europe, unfazed by polls

Key more confident on Europe, unfazed by polls

By Pattrick Smellie June 11 (BusinessDesk) - Prime Minister John Key has returned from European "slightly more confident" the region will "muddle through" its current crisis successfully, and convinced New Zealand is doing most of what European governments would do if they coul...

11 Jun 2012
MARKET CLOSE: NZ shares edge up in subdued trading; Steel & Tube, Fletcher rise

MARKET CLOSE: NZ shares edge up in subdued trading; Steel & Tube, Fletcher rise

June 11 (BusinessDesk) - New Zealand shares rose in a session where an Australian holiday kept trading subdued. Steel & Tube led the advance of companies exposed to the building industry after Europe's bailout of Spain's banks stoked optimism global growth won't be derailed. Th...

11 Jun 2012
NZ dollar extends rally as Spanish bank bailout stokes Asian equities

NZ dollar extends rally as Spanish bank bailout stokes Asian equities

By Paul McBeth June 11 (BusinessDesk) - The New Zealand dollar extended its rally in local trading as Europe's 100 billion euro bailout for Spain's struggling banking sector stoked investor confidence, and pushed up stock markets around Asia. The kiwi rose to 77.65 US cents at...

11 Jun 2012