![<i>Michael Lang:</i> Short-term gains won't make up for big losses](/pf/resources/images/placeholders/placeholder_l.png?d=796)
<i>Michael Lang:</i> Short-term gains won't make up for big losses
Global shares are up 70 per cent since March last year so why are investors feeling down? Investment manager Michael Lang explains the 'ugly maths of finance'.
Global shares are up 70 per cent since March last year so why are investors feeling down? Investment manager Michael Lang explains the 'ugly maths of finance'.
The NZ dollar is recovering this morning after a sharp fall yesterday.
Stocks in the US advanced as better-than-expected expansion in private-sector jobs and the nation’s services sector eased some of the recent heightened concerns.
Kathmandu shares have slumped nearly 10pc after the company said profits will be up, but slightly under forecast.
US equities fell overnight, as house sales, factory orders and consumer spending fell short of expectations.
Volatile dairy prices are here to stay, says dairy one futures expert.