Commodities slide on world markets overnight
Commodities slid, taking stocks on Wall St. lower overnight, amid concern that rising food and raw materials prices would cut into corporate profits.
Commodities slid, taking stocks on Wall St. lower overnight, amid concern that rising food and raw materials prices would cut into corporate profits.
It's been a volatile year for the NZ stock market, with the first half reflecting a strong bounce back in share prices followed by another dip.
Gold investors have high hopes about price rises continuing in 2011.
Chinese agricultural company Agria Corp is aiming to lift its shareholding in PGG Wrightson from the current 19 per cent to a majority stake in a bid with New Hope Group, one of China's largest agricultural and food corporations.
The New Zealand dollar recovered yesterday from a fall triggered by weaker than expected growth data for the September quarter.
The New Zealand sharemarket posted modest gains in quiet trading yesterday ahead of the Christmas holiday break.