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NZ dollar drops as higher oil inventories stoke global growth concerns
By Tina Morrison Jan. 14 (BusinessDesk) - The New Zealand dollar fell as investors shed commodity-linked currencies on concern about the outlook for global growth after oil inventories rose. The kiwi dropped to 65.22 US cents at 8am in Wellington, from 65.61 cents at 5pm ye...
While you were sleeping: Wall St falls, Treasuries rise
By Margreet Dietz Jan. 14 (BusinessDesk) - Wall Street declined, while US Treasuries rose, after oil gave up earlier gains as a US report raised fresh concerns about the global glut. Oil pared earlier gains after an Energy Information Administration report showed US crude i...
MARKET CLOSE: NZ shares rise on bargain-hunting; Sky TV, Westpac, Air NZ gain
By Sophie Boot Jan. 13 (BusinessDesk) - New Zealand shares rose as investors were drawn to companies sold off since the New Year, such as Sky Network Television and Westpac Banking Corp, while Air New Zealand benefited from lower fuel costs. Warehouse Group and New Zealand Ref...
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