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NZ dollar falls before OCR review; Greek election looms
By Hannah Lynch June 14 (BusinessDesk) - The New Zealand fell before the Reserve Bank's monetary policy review this morning, likely to keep interest rates on hold at a record low, and on speculation Greece will water down its austerity measures after this weekend's elections....
While you were sleeping: Another drop in US retail sales
By Margreet Dietz June 14 (BusinessDesk) - Signs of tepid growth in the US economy and ongoing concern about Europe’s debt crisis weighed on equities on both sides of the Atlantic, and underpinned demand for Treasuries. The latest data on the American economy support the case...
MARKET CLOSE: NZ shares fall; SkyCity drops on convention centre probe
June 13 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index to a three-month low, after the Auditor-General announced an inquiry into Sky City Entertainment Group’s bid to build a convention centre and Restaurant Brands shed its dividend. The NZX 50 fell 43.86 po...
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