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While you were sleeping: Financial, energy shares gain
By Margreet Dietz Dec. 22 (BusinessDesk) - Wall Street climbed, bolstered by gains in bank and energy stocks, on optimism corporate tax cuts will lift profits and underpin economic growth. A Commerce Department report showed US gross domestic product grew at a 3.2 percent a...
MARKET CLOSE: NZ shares fall in light trading; Freightways and Kathmandu drop, Moa gains on price enquiry
By Sophie Boot Dec. 21 (BusinessDesk) - New Zealand shares fell, led lower by Freightways and Kathmandu Holdings in the last full day of trading before Christmas, while Comvita, Synlait Milk and Moa Group gained. The S&P/NZX50 Index decreased 19.12 points, or 0.2 percent, t...
Supreme Court rejects Wellington Airport's runway extension appeal
By Paul McBeth Dec. 21 (BusinessDesk) - The Supreme Court has batted away Wellington International Airport's appeal to allow a shorter runway safety area than what pilots insist is needed, saying the Civil Aviation Authority went about its decision-making the wrong way in sign...