Currencies: Dollar higher after U.S. GDP, confidence data
The U.S. dollar held onto gains as investors wariness of riskier assets fuels demand for the relative safety of the U.S. dollar. Click here to read the full story
Read more..Earnings boost stocks as euro rises
LONDON (Reuters) - World stocks rose for the fifth day running on Wednesday as solid corporate earnings combined with easing fears about financial stability to boost investors appetite for riskier assets. Click here to read the full story
Read more..NZ dollar jumps to six-month high
The New Zealand dollar climbed to a six-month high as a surge in new home sales in the US stoked investors’ appetite for higher-yielding, or riskier, assets.American new home sales jumped 24 per cent last month, taking the inventory… Click here to read the full story
Read more..BP in talks with Apache and others on assets: source
NEW YORK/LONDON (Reuters) - Under-pressure BP Plc is in talks with U.S. oil and gas company Apache Corp and other companies over potential asset sales, a source familiar with the situation said on Sunday, as it weighs how to pay costs related to the Gulf of Mexico oil spill. Click here to [...]
Read more..[$$] Russell 2000 And S&P 600 Fall for Sixth Day in a Row (at The Wall Street Journal)
Russell 2000 Falls for Sixth Day in a Row Small-capitalization stocks retreated for the sixth consecutive session as investors braced for an economic slowdown by retreating from riskier assets. Click here to read the full story
Read more..Singaporean firm swallows Chelsea Sugar
Wilmar International is to pay A$1.75 billion ($2.14 billion) to buy the sugar assets of Australian conglomerate CSR, including its stake in the New Zealand Sugar Company - owner of the Chelsea brand and Birkenhead refinery.The… Click here to read the full story
Read more..NZ dollar falls on US recovery fears
The New Zealand dollar extended its decline to a three-week low as concern America’s economic recovery is waning sapped investors’ appetite for riskier, or higher-yielding, assets, and pushed stocks on Wall Street lower.The Standard… Click here to read the full story
Read more..NZ dollar falls on US recovery fears
The New Zealand dollar extended its decline to a three-week low as concern America’s economic recovery is waning sapped investors’ appetite for riskier, or higher-yielding, assets, and pushed stocks on Wall Street lower.The Standard… Click here to read the full story
Read more..Gibbs puts up new plan after GPG demerger panned by NZ investors
Guinness Peat Group’s Tony Gibbs has heeded the calls of local investors and backed away from a proposal to carve out the Australian assets into a separate listed entity.Gibbs, a director of the diversified investment company,… Click here to read the full story
Read more..Currency: NZ dollar drifts lower
The New Zealand dollar drifted lower today after tumbling on Thursday night when world stock markets and high-yielding currencies dropped as investors retreated from riskier assets.The NZ dollar was at US70.35c at 5pm from US70.85c… Click here to read the full story
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