NZ is very exposed with its high level of external borrowing, says Aaron Hing

Manufacturers, builders and retailers were among the biggest decliners on the New Zealand stock exchange in 2011, although the local market's NZX 50 Index fared better than others...

The dairy industry has been a star performer for decades, but the time has come for others in the New Zealand family of commodities to share the limelight...

Stocks in Europe and the US rallied overnight, with a big jump in US housing starts, good German business confidence and a healthy appetite for Spanish debt.

Worries over the fate of the euro and the EU's member states continue to drag on the single currency and equities in Europe and on Wall Street.

Investor reaction to an update from Air New Zealand last month has pushed the company's stock to its lowest level in more than two years - and it is still searching for the runway with shares closing down 1c yesterday at 88c.