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Risk-off suddenly in vogue for kiwi dollar as emerging market concerns stifle risk appetite
By Paul McBeth Jan. 24 (BusinessDesk) - The New Zealand dollar was little changed as concerns about emerging markets eroded investors’ appetite for risky assets after Argentina devalued the peso and Turkey’s lira plunged when its central bank intervened in foreign exchange mark...
While you were sleeping China manufacturing slips
By Margreet Dietz Jan. 24 (BusinessDesk) – Equities on both sides of the Atlantic dropped after a report showed that China’s manufacturing is headed for a contraction this month, fuelling concern about the sustainability of the global economic recovery. A preliminary survey fr...
MARKET CLOSE NZ shares drop, paced by Warehouse, Hallenstein, Kathmandu
By Suze Metherell Jan. 23 (BusinessDesk) - New Zealand shares fell as the market joined a region-wide decline, and was paced by retailers after the Warehouse Group joining Hallenstein Glassons in issuing a profit warning. The NZX 50 Index fell 39.263 points, or about 0.8 perce...
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