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While you were sleeping: Stocks tumble, gold rises
By Margreet Dietz Jan. 5 (BusinessDesk) - Equities sank on both sides of the Atlantic, while US Treasuries and gold strengthened amid concern about global economic growth.Disappointing factory activity data from China prompted a stock market selloff and a subsequent trading ha...
NZ dollar heads for 12% decline in 2015 on dairy, China, may fall further
By Jonathan Underhill Dec. 31 (BusinessDesk) - The New Zealand dollar is heading for a 12 percent annual decline after weathering weaker dairy prices and concerns about slowing Chinese economic growth, and may extend its slide in early 2016 as US growth comes into view. The...
MARKET CLOSE: NZ shares end 2015 on record high; Summerset, Orion, NZX gain, A2 falls
By Sophie Boot Dec. 31 (BusinessDesk) - New Zealand shares rose to a record on the last day of the year, with Summerset Group Holdings, Orion Health Group and NZX gaining while A2 Milk Co gave up more of its gains. The S&P/NZX 50 Index rose 4.87 points, or 0.08 percent, to...
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