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Sharemarkets up on Fed lifeline hope
Wall St was up overnight as investors opted to rekindle optimism the US Federal Reserve will come up with new stimulus measures.
NZ dollar falls after hitting one-month high
The New Zealand dollar fell from a one-month high after Federal Reserve Chairmen Ben Bernanke failed to signal further quantitative easing for the US.
NZ dollar falls on G7 inaction
The New Zealand dollar fell after G7 leaders nations agreed to a coordinated response to Europe's deteriorating financial crisis, though gave no guidance on how to do so.
TSB cuts 2-year mortgage rate to 5.3pc
TSB has cut its two-year mortgage rate to 5.3 per cent from 5.5 per cent.
NZ dollar holds as investors seek low-risk assets
The NZ dollar was little changed as investors looked to put their money in low-risk assets such as Government bonds.
Hastie Group folds - 500 NZ jobs at risk
Thousands of jobs, including 500 in New Zealand are at risk after Australian engineering firm Hastie Group went into voluntary administration today.
NZ dollar rises as Spain eyes bank bailout
The dollar rose on speculation Spain may tap European Central Bank funding to bailout Bankia SA to prevent a national banking sector collapse.