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While you were sleeping: Financial, energy shares gain

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...

Margreet Dietz 21 Dec 2017
MARKET CLOSE: NZ shares fall in light trading; Freightways and Kathmandu drop, Moa gains on price enquiry

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...

Sophie Boot 21 Dec 2017
Supreme Court rejects Wellington Airport's runway extension appeal

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...

Paul McBeth 21 Dec 2017