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Markets: New Zealand shares decline
New Zealand shares followed Wall Street lower on renewed speculation the US Federal Reserve will raise interest rates later this year.
New Zealand shares followed Wall Street lower on renewed speculation the US Federal Reserve will raise interest rates later this year.
New Zealand commodity prices rose for a fifth month in September, driven by dairy.
The Commerce Minister's comments come after analysis of the eight largest KiwiSaver schemes showed just three revealed the full fee cost.
The volume of cash market trading rose 14 per cent to 152,264 last month from the same month a year earlier.
The New Zealand dollar fell as US presidential election polling showed Hilary Clinton taking the lead.
Wall Street declined as comments from US Federal Reserve underpinned bets the central bank will raise interest rates.
The New Zealand dollar rose to its highest level against the British pound in decades.
Tim Bennett took on a challenging role, but market participants say NZX's performance has been disappointing.
The New Zealand dollar gained against the British pound as Prime Minister Theresa May announced timeline to quit the EU.
John Key has signalled a rapid and unexpected rise in interest rates and "something big that happens internationally" as the biggest threats to the NZ economy.
The board says the takeover bid is "opportunistic" and doesn't represent fair value for the company.
The kiwi was little changed as the prospect of a smaller settlement by Deutsche Bank with US authorities eased market fears.
New Zealand shares gained, with turnover peaking for the week as investors tidied their portfolios
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The New Zealand dollar followed stocks on Wall Street.
Wall Street dropped, with financial and health care stocks leading the way.
Trading by Goldman Sachs has come under the scrutiny of lawyers representing Milford Asset Management portfolio manager Mark Warminger
The man who co-led Deutsche Bank for three years until July last year, was careful not to mention the gigantic elephant in the room.
The dollar was little changed after top Federal Reserve officials did little to change market perceptions
Oil prices jumped, while stocks on Wall Street rose, on a report that OPEC reached an agreement to limit output.
The New Zealand dollar fell from its overnight highs, to be little changed after stronger-than-expected US consumer confidence.
Wall Street advanced after a report showed US consumer confidence climbed to the highest level in nine months.
Trading by Milford Asset Management portfolio manager Mark Warminger in Xero shares in June 2014 sparked an inquiry by the NZX's market
An Australian expert in market manipulation will say the portfolio manager's trades didn't breach the law.
Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump. "Wall Street favours
The debate could tip the scales toward one candidate or the other, with investment implications Wall St can't afford to ignore.
Oil prices tumbled on signs that Saudi Arabia and Iran continue to disagree over output limits ahead.
COMMENT: Fund managers fees need to be fair on these four occasions.