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While you were sleeping: Wall Street creeps to records

While you were sleeping: Wall Street creeps to records

By Margreet Dietz Nov. 14 (BusinessDesk) - Wall Street seesawed, with the Dow and S&P 500 both touching fresh record highs, as gains in Wal-Mart on better-than-expected results offset declines in shares of energy companies as oil extended its slide. In afternoon trading in...

13 Nov 2014
REINZ boss O'Sullivan says first-home buyers could give up on property ownership

REINZ boss O'Sullivan says first-home buyers could give up on property ownership

By Fiona Rotherham Nov. 13 (BusinessDesk) - Departing Real Estate Institute chief executive Helen O’Sullivan said the Reserve Bank’s decision to continue the loan-to-value ratio restrictions on home loans could see some first-home buyers give up on the idea of ever owning a ho...

13 Nov 2014
MARKET CLOSE: NZ shares fall; MRP, Meridian, Contact drop as investors cash up

MARKET CLOSE: NZ shares fall; MRP, Meridian, Contact drop as investors cash up

By Suze Metherell Nov. 13 (BusinessDesk) - New Zealand shares fell led by MightyRiverPower, Meridian Energy and Contact Energy as investors cashed in profits on recent gains in power company stocks. Rakon rose to a 21-month high as it flagged a return to profitability. The...

13 Nov 2014