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While you were sleeping Positive profit sentiment

While you were sleeping Positive profit sentiment

By Margreet Dietz July 16 (BusinessDesk) - As US corporate earnings season accelerates this week, Citigroup has posted a 42 percent surge in quarterly profit, setting the stage for stocks to extend their year-to-date rally even amid mixed economic data. Shares of Citigroup gain...

15 Jul 2013
MARKET CLOSE NZ shares rise for 8th session; A2, Telecom, POT gain

MARKET CLOSE NZ shares rise for 8th session; A2, Telecom, POT gain

July 15 (BusinessDesk) – New Zealand shares rose, pushing up the NZX 50 Index for an eighth straight session, led by A2 Corp, Telecom, Port of Tauranga and Fletcher Building as investors mulled what is expected to be mixed results in earnings season. The NZX 50 rose 37.907 poin...

15 Jul 2013
NZ dollar gains ahead of US retail sales, local inflation

NZ dollar gains ahead of US retail sales, local inflation

By Paul McBeth July 15 (BusinessDesk) - The New Zealand dollar gained as investors keep an eye on US retail figures in the Northern Hemisphere session and local inflation data tomorrow. The kiwi traded increased to 78.14 US cents at 5pm in Wellington from 77.80 cents at 8am a...

15 Jul 2013