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While you were sleeping: Oil sends stocks lower

While you were sleeping: Oil sends stocks lower

By Margreet Dietz Dec. 11 (BusinessDesk) - Equities on Wall Street and in Europe fell with oil prices after OPEC downgraded its forecast for 2015 global demand to the lowest level in 12 years, while Saudi Arabia’s oil minister maintained the nation’s resistance to cutting outp...

10 Dec 2014
MARKET CLOSE: NZ shares fall paced by Fletcher, Sky TV; Spark gains on price hike

MARKET CLOSE: NZ shares fall paced by Fletcher, Sky TV; Spark gains on price hike

By Suze Metherell Dec. 10 (BusinessDesk) - New Zealand shares fell paced by Fletcher Building and Sky Network Television as offshore investors reconsider stock valuations as they prepare for next year. Spark New Zealand climbed after it flagged plans to hike retail prices....

10 Dec 2014
NZ dollar pares gain after Fonterra cuts forecast payout; RBNZ looms

NZ dollar pares gain after Fonterra cuts forecast payout; RBNZ looms

By Paul McBeth Dec. 10 (BusinessDesk) - The New Zealand dollar pared its gain after Fonterra Cooperative Group cut its forecast payout to farmers, and ahead of tomorrow's Reserve Bank meeting, where the central bank is expected to cut its track for future interest rate hikes....

10 Dec 2014