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MARKET CLOSE: NZ shares bounce from month-low; Spark gains on Fed

New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. The NZX 50 Index rose 11.842 points, or 0.2 percent, to 5154.182. Within the index, 25 stocks rose, 18 fell and seven were unchanged. Total turnover was $144 million. The local market followed Wall …

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NZ dollar falls after Fed signals rates hikes are coming; Scottish, NZ votes loom

The New Zealand dollar fell after the Federal Reserve signalled rates hikes were on the cards in the coming year, fuelling demand for the greenback, and as the looming Scottish independence referendum and the local general election keep an element of uncertainty in the air for investors. The kiwi traded at 81.05 US cents at 5pm in Wellington from 80.96 cents …

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