MARKET CLOSE: NZ shares fall for second day as investors grow wary
New Zealand shares fell for a second day as investors await earnings next week to gain a better sense of the economic outlook. The S&P/NZX 50 Index fell 56.51 points, or 0.52 percent, to 10,731.55. Within the index, 16 stocks rose, 25 fell and nine were unchanged. Turnover was...
Level 2 adding to job-loss risk — EMA
While Fletcher and Air New Zealand grab headlines, smaller enterprises are taking the most damage, EMA head says.
MARKET CLOSE: NZ shares mixed as investors turn cautious
NZ shares were mixed as cautious traders faced up to the realities of the ongoing economic crisis. The S&P/NZX 50 Index fell 2.08 points, or 0.02 percent, to 10,788.06. Within the index, 23 stocks rose, 20 fell and seven were unchanged. Turnover was $110.6 million. Investor...
NZ needs to be kept on international visitor radar, MPs told
New Zealand needs to remain a potential destination for international travellers if parts of the sector are to survive, tourism operators told MPs today. Tim Barrow, co-owner of Rotorua-based Volcanic Air Safari, said the trans-Tasman bubble mooted with Australia would throw t...
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