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While you were sleeping: Iraq concern weighs on stocks
By Margreet Dietz June 25 (BusinessDesk) - Wall Street declined as Iraq’s violence escalated into cross-border hostilities with Syria, bolstering concern about the stability of the Middle East and overshadowing better-than-expected data on US consumer confidence and new home s...
Appeal Court dismisses Sturgess claim over Greymouth Petroleum
By Jonathan Underhill June 24 (BusinessDesk) - The Court of Appeal has turned down an attempt by Greymouth Petroleum minority shareholder John Sturgess to overthrow a High Court ruling on the sale of his shares. In a judgment issued today, Justices Tony Randerson, Forrest M...
MARKET CLOSE: NZ stocks fall, led by Kathmandu on profit warning
By Suze Metherell June 24 (BusinessDesk) - New Zealand shares, led by Kathmandu Holdings after the retailer said annual earnings may slide 15 percent. Pacific Edge fell to an eight-month low. Serko debuted on the NZX while Hirepool withdrew its planned initial public offer....
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