Wall St welcomes Fed confirmation of easing
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.
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M&A dominates Wall St, gold holds hear high
Mergers and acquisitions dominated activity on Wall St, with almost US$10 billion of deals announced as the S & P 500 Index held near a four-month high.
<i>Inside Money:</i> Buy New Zealand cheap (but only in America)
New Zealand is now officially for sale on the New York Stock Exchange at the very reasonable price of 55 basis points (or 0.55 per cent).
Re-insurers will take the bulk of earthquake losses - Moody's
Global re-insurance companies will probably take the bulk of losses for claims from the Christchurch earthquake not covered by EQC, says Moody's.