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While you were sleeping: Oil sinks equities
By Margreet Dietz Feb. 24 (BusinessDesk) - Stocks on both sides of the Atlantic dropped with the price of oil after Saudi Arabia’s oil minister said the country won’t cut output. Earlier this month Saudi Arabia and Russia agreed to freeze oil production at January levels,...
MARKET CLOSE: NZ shares follows Wall St higher as earnings mixed; Xero, Trade Me, Meridian gain
By Sophie Boot Feb. 23 (BusinessDesk) - New Zealand shares followed Wall Street higher, as uneven local earnings sent mixed signals to investors. Xero, Trade Me Group and Meridian Energy gained, while Mighty River Power fell. The S&P/NZX 50 Index advanced 36.2 points, or 0...
Zespri raises 2016 forecast tray prices, sees earnings growth next year
By Paul McBeth Feb. 23 (BusinessDesk) - Zespri International, which holds a monopoly over most kiwifruit exports, raised its forecast tray prices for the 2016 year as the season nears its conclusion, and expects to see earnings pick up in 2017. The Mt Maunganui-based compa...
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