Recent Posts

NZ dollar slips amid speculation Fed will further trim asset purchases next week

The New Zealand dollar fell against the greenback amid speculation the Federal Reserve will further trim its bond buying programme when it reviews policy next week. The kiwi fell to 83.06 US cents at 8am in Wellington from 83.22 cents yesterday. The trade-weighted index was little changed at 78.81 from 78.86. The Dollar Index, a measure of the greenback against …

Read More »

While you were sleeping Coach, IBM fall short

Wall Street was mixed as disappointing results from companies including IBM and Coach left investors uneasy about stock valuations. “It will be easier to unnerve a market with less earnings confidence, and you are seeing companies like IBM and Coach that have come out and leave the investor looking for something substantial to bite into,” Andre Bakhos, managing director at …

Read More »