Recent Posts

NZ dollar falls as risk appetite dims, greenback advances

The New Zealand dollar fell as Italy’s political impasses and the start of spending cuts in the US sapped risk appetite and drove up demand for the greenback. The kiwi fell to 82.28 US cents from 82.42 cents in New York on Friday. The trade-weighted index slipped to 75.71 from 75.85. The White House and the Congress were unable to …

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Diligent promises more diligence after options error; FY profit almost triples

Diligent Board Member Services, whose software helps directors to manage corporate governance information flows, is promising better board oversight after a review found an embarrassing oversight meaning executives got more options than they were entitled to. The mis-step tarnished an otherwise strong year operationally, with the New York-based and locally listed firm nearly tripling annual profit. Chairman David Liptak said …

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World Week Ahead Relentless headwinds

Investors will eye February’s jobs report on Friday for fresh signs that the US economic recovery remains on track despite a range of headwinds – including the budget-cut debate in Washington and the political impasse in Rome. Wall Street keeps flirting with record highs but investors seem hesitant to push stock valuations substantially higher. In the past week, the Dow …

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