NZ dollar weakens on election chaos
The New Zealand dollar tumbled against the yen as speculation grew that Donald Trump could win the White House.
The New Zealand dollar tumbled against the yen as speculation grew that Donald Trump could win the White House.
New Zealand shares tumbled as Donald Trump took the lead in the US presidential race, with every stock on the benchmark index dropping.
Yen strengthened and gold rose as investors seek safe havens from market chaos as a Trump victory becomes a real possibility.
The possibility of a Trump victory has hit New Zealand's stock market more than the Brexit vote.
Investment manager Milford Asset Management is looking to raise up to $100 million to launch a new $150 million private equity fund.
Dealers in the $13.8 trillion Treasuries market are preparing for sharply divergent next-day reactions to the U.S. election outcome.
The 2016 US Presidential Election has been the most expensive ever, costing more than US$6 billion.
The final weeks of campaigning have been no time to go all-in on US stocks.
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A detailed look at potential winners and losers depending on the outcome of the election.
New Zealand shares rose ahead of the US presidential election, led higher by A2 Milk Co, Comvita, and Orion Health Group, while Trustpower fell.
The ComCom's early view that it would decline the proposed merger between NZME and Fairfax NZ is "a setback but not irreversible", says a competition lawyer.
The New Zealand dollar remained steady against its US counterpart ahead of voting in the American presidential election on Tuesday in the US.
NZME lost almost a quarter of its value today after the ComCom said it did not support the planned merger with Fairfax New Zealand.
The decline comes after the Commerce Commission released a preliminary decision against the planned merger between NZME and Fairfax NZ.
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Equities on both sides of the Atlantic jumped after polls indicated Hillary Clinton is on track to win the US presidential election.
The New Zealand dollar was little changed despite volatile global markets ahead of the US presidential vote.
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US stocks posted their longest slide since 1980, while Treasuries rallied on US data showing progress in labour market.
Expected softening in the government's stance on Brexit and a weakening US dollar lifted the UK currency.
The sharemarket's great run is over with an 11.4 per cent fall from its record high.
New Zealand shares fell, the index's correction from a record high on September 7, as investors fretted that valuations weren't supported by earnings growth.
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New Zealand share market correction deepens as fears US political concerns start to mount.
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The New Zealand dollar rose to its highest level in two months on a trade-weighted basis.
Uncertainty about the outcome of the US presidential election continued to weigh on sentiment.