Wall Street climbed to fresh records amid central bank promises for ongoing stimulus and better-than-expected economic data from the US and abroad. A day after US Federal Reserve policy makers said they plan to maintain their asset purchases to help propel the pace of economic recovery, their counterparts at the European Central Bank said they too will hold to their …

The New Zealand dollar approached 89 Australian cents this morning as investors favoured the reviving local economy over investment in Australia where the economy is slowing. The kiwi touched a new five-year high of 88.98 Australian cents, and recently traded at 88.87 cents, from 88.30 cents at the 5pm market close in Wellington yesterday. The local currency was little changed …

Wall Street advanced as US Federal Reserve policy makers kept its US$85 billion a month bond-buying program intact as the economy continues to recover at a pace that requires ongoing stimulus. “The Committee sees the downside risks to the outlook for the economy and the labour market as having diminished since the fall,” policy makers said in a statement at …