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NZ shares follow overseas markets up in busy day
New Zealand shares rose, joining a global advance in equity markets on optimism world growth is reviving.

Wall St down as news disappoints
Wall Street declined after reports on house prices, consumer confidence and business activity missed the mark, as did earnings by Exxon Mobil.

NZX taps relative unknown to replace Weldon as CEO
NZX has tapped a relative unknown to replace Mark Weldon as the stock exchange operator gears up to expand its presence in agricultural commodity markets.

NZX names Weldon's successor
The New Zealand Stock Exchange has announced who will replace Mark Weldon as its chief executive. The new CEO is a Singapore-based Kiwi, who was previously a partner in Oliver Wyman's retail and business banking practice and has advised...

European stocks fall on US growth data
European economic commissioner Olli Rehn yesterday said he expected Greece to agree on a deal with private creditors to write-down its debt this weekend.

New plain English investment rules in force from next year
The FMA is giving all issuers of investments to the public until Jan 1 next year to get all their prospectuses and investment statements comply with the new financial markets conduct law.

US housing speed bump hits Wall St
Disappointing data on American home sales overnight spoiled the party on Wall Street.