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World Week Ahead US payrolls, manufacturing, services data loom
Dec. 2 (BusinessDesk) - Trading desks will be back to full staff this week after the Thanksgiving break in the US and investors are expected to be in a mood to buy -- at least that’s what traders are hoping. While stocks ended little changed in thin trading on Friday, Wall Stre...
MARKET CLOSE NZ shares slide amid investor concern about regulation, led by Chorus
By Tina Morrison Nov. 29 (BusinessDesk) –New Zealand shares fell, led by telecommunications network operator Chorus, as investors become wary that increased regulation heading in to an election year may crimp earnings. The NZX 50 Index fell 14.505 points, or 0.3 percent, to 4,...
NZ dollar heads of 1.2 percent weekly drop as traders reduce high-risk bets
By Paul McBeth Nov. 29 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent fall this week as investors pare back their bets on high-risk assets, after chasing yield since September when it looked like the US Federal Reserve was reluctant to wind down its massiv...
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