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While you were sleeping: Worry about US earnings
By Margreet Dietz July 10 (BusinessDesk) - Wall Street fell as investors awaited Alcoa's results amid concern that Europe's debt crisis is out of control and hampering the recovery of the world's largest economy. Spanish and Italian bond yields rose amid crystal-clear indicatio...
Rakon seeks increase in directors' fee pool to cover new board member
By Paul McBeth July 9 (BusinessDesk) - Rakon, the communications components maker which dropped out of the NZX 50 index last month, will ask shareholders to lift its pool for directors' fees to cover the latest addition to the board. The Auckland-based company wants to increas...
MARKET CLOSE: NZ shares mixed in light trading, investors waiting on corporate guidance
By Paul McBeth July 09 (BusinessDesk) - New Zealand shares were mixed as investors wait for companies to offer guidance on how they see the current environment when the local earnings season kicks off later this month. PGG Wrightson led gainers, while Kathmandu was the biggest d...
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