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NZ dollar drops to new 5-month low as policy uncertainty weighs on investors
By Paul McBeth Oct. 25 (BusinessDesk) - The New Zealand dollar extended its decline, falling to a fresh five-month low, as the lack of hard policy in governance agreements between the Labour, NZ First and Green parties continued to unnerve markets. The kiwi fell as low as...
While you were sleeping: Caterpillar, 3M rally on outlook
By Margreet Dietz Oct. 25 (BusinessDesk) - Wall Street climbed as stronger-than-expected corporate earnings including from Caterpillar and 3M sent the Dow to a record high, bolstering optimism about the outlook. “For the most part, I think, you’ll see earnings continue to c...
MARKET CLOSE: NZ shares extend gain as A2 hits new record; Ryman, Metlifecare, Summerset drop
By Sophie Boot Oct. 24 (BusinessDesk) - New Zealand shares eked out another gain as the market digested the details of the governing deals made by the incoming Labour government, with A2 Milk hitting a fresh record while retirement village stocks fell. The S&P/NZX50 Index e...
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