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While you were sleeping Wall Street tumbles
By Margreet Dietz April 11 (BusinessDesk) – Wall Street slumped as investors sold, yet again, biotech and internet stocks heading into the quarterly US earnings season, while Bed Bath & Beyond shares took a beating following disappointing results. Shares of Bed Bath & Beyond p...
MARKET CLOSE NZ shares rise on broad based rally, Xero, Telecom, property stocks gain
By Suze Metherell April 10 (BusinessDesk) – New Zealand stocks rose in a broad-based rally. Xero extended its gains, leading the benchmark index higher, while investors also returned to companies offering reasonable dividends, such as Telecom and property trusts. The NZX 50 I...
NZ dollar holds near 3-year high as traders look ahead to CPI, China GDP
April 10 (BusinessDesk) – The New Zealand dollar held near the three-year high it charted after the Federal Reserve signalled US interest rates will remain at a record low for longer, driving down the greenback. The kiwi traded at 87.17 US cents at 5pm in Wellington, having gai...
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