Halloween is likely to be a lot less spooky than it appeared to be mere days ago with October set to close as the best performing month for Wall Street in decades.

Global economic uncertainty has sparked a hefty increase in the number of local firms hanging on to money rather than spending it - potentially hurting economic growth.

The 'New Telecom' - formed when its Chorus network business is split off in November will be the third biggest company on the NZX and a potential takeover target.

An independent director of Argosy Property Trust has attacked DNZ Property Fund's use of the media to further its cause in seeking to take over Argosy.