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NZ dollar falls below 79 US cts as Spanish bond yields hit record on fears of further contagion
By Paul McBeth July 24 (BusinessDesk) - The New Zealand dollar fell near a two-week low as the yield on Spanish 10-year government bonds rose to a record high amid fears Europe's debt woes are becoming more contagious, sapping investors' appetite for riskier assets. The kiwi f...
While you were sleeping: Spain, McDonald's sink stocks
By Margreet Dietz July 24 (BusinessDesk) - Equities slumped on concern that Europe's crisis is deepening as one region of Spain called for financial assistance and others are expected to follow soon, prompting fears the euro zone's fourth-largest economy might need a full rescue...
MARKET CLOSE: NZ shares mixed; Diligent gains, Goodman Fielder drops
July 23 (BusinessDesk) - New Zealand shares were mixed, with the NZX 50 Index eking out a 0.04 percent gain, as Freightways and Diligent Board Member Services extended their advance and Goodman Fielder fell after giving guidance. The NZX 50 Index rose 1.65 points from the lowes...
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