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While you were sleeping: Stocks, pound rebound
By Margreet Dietz June 29 (BusinessDesk) - Equities on both sides of the Atlantic rose as investors picked up some bargains following a two-day Brexit-inspired rout amid expectations that central banks will follow through on their promise to help if needed. Europe’s Stoxx 6...
MARKET CLOSE: NZ shares rise as investors seek stability; Spark NZ, Precinct Properties, Summerset up
By Sophie Boot June 28 (BusinessDesk) - New Zealand shares rose as investors embraced the local market's insulation from global turmoil and high yields, with Spark New Zealand, Precinct Properties and Summerset Group rising. The S&P/NZX 50 Index gained 29.65 points, or 0.4...
NZ dollar rises back above 70 US cents after UK's Cameron says he won't rush for Brexit
By Jonathan Underhill June 28 (BusinessDesk) - The New Zealand dollar rose back above 70 US cents after British Prime Minister David Cameron reiterated he would leave Brexit negotiations to his successor and won't invoke article 50 of the Lisbon Treaty that would begin the pro...