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While you were sleeping Growth worry caps Wall Street
By Margreet Dietz Jan 17 (BusinessDesk) - Wall Street was mixed as concern about the outlook for the global economy offset solid earnings including by Goldman Sachs. The World Bank downgraded its economic forecast, estimating that global GDP will expand 2.4 percent in 2013, dow...
MARKET CLOSE Trade Me, Fonterra rise ahead of index changes
Jan 16 (BusinessDesk) – The steam came out of the NZX 50 Index, although investors continued to favour Fonterra tradable units and Trade Me, owing to index changes taking place next Monday. The NZX50 Index fell 1.72 points, or 0.4 percent, to 4169.23, on volume of 32.65 million...
NZ Dollar mixed after being clobbered in London
By Jan 16 (BusinessDesk) - Jan 16 (BusinessDesk) - The New Zealand dollar was little changed on Wednesday after being clobbered overnight in London trading. The kiwi was at 84.06 US cents at 5pm, from 83.93 US cents at 8am and 83.94 cents at 5.25pm on Tuesday. It fell from 8...
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