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MARKET CLOSE: NZ shares follow Wall St higher; Warehouse, Xero gain
By Suze Metherell Oct. 6 (BusinessDesk) - New Zealand stocks rose, led by Warehouse Group, following Friday's rally on Wall Street as jobs data boosted confidence in the world's largest economy's recovery. Summerset Group Holdings gained on its third quarter sales. The NZX...
NZ dollar little changed as US jobs report boosts greenback
By Paul McBeth Oct. 6 (BusinessDesk) - The New Zealand dollar was little changed in local trading after stronger than expected US employment figures stoked demand for the greenback on a growing expectation the Federal Reserve will have to hike interest rates. The kiwi trade...
Auckland's fifth major outage since 1998
By Fiona Rotherham Oct. 6 (BusinessDesk) - The latest major power cut in Auckland is the fifth to hit the region since 1998. The biggest was the six-week Mercury power outage in 1998 that involved the failure of four power cables due to overheating. It had an estimated lon...
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