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![Kathmandu earnings up as much as 36pc](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Kathmandu earnings up as much as 36pc
Kathmandu said full-year pretax earnings rose between 31 per cent and 36 per cent on new store openings, favourable weather and better inventory management.
![World markets stable as US debt stalemate drags on](/pf/resources/images/placeholders/placeholder_l.png?d=796)
World markets stable as US debt stalemate drags on
As the US debt crisis continues to dominate world markets, In afternoon trading the Dow Jones Industrial Average edged 0.08 per cent higher, the Standard & Poor's 500 Index gained 0.30 per cent and the Nasdaq rose 0.67 per cent.
![Investors on edge as world markets dip](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Investors on edge as world markets dip
Nervous investors took profits overnight as it becomes increasingly clear that there won't be a simple solution to the US debt crisis.
![US debt standoff keeps investors on sidelines of world markets](/pf/resources/images/placeholders/placeholder_l.png?d=796)
US debt standoff keeps investors on sidelines of world markets
A Mexican standoff in the US debt talks, with a potential credit ratings downgrade and a government default at stake, kept investors on the sidelines overnight.
![Urgency builds in US debt talks before Asian markets open](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Urgency builds in US debt talks before Asian markets open
US politicians are trying to reach agreement on lifting the country's debt ceiling before Asian markets open later today.
![FMA probes NZX's own disclosures](/pf/resources/images/placeholders/placeholder_l.png?d=796)
FMA probes NZX's own disclosures
The Financial Markets Authority is looking into the NZX's disclosures around its disputed purchase of Australia's Clear grain exchange.
![Bernanke quashes US stimulus hopes](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Bernanke quashes US stimulus hopes
Investors' optimism about fresh stimulus by the Federal Reserve was dampened overnight as Ben Bernanke indicated the central bank wasn't planning any immediate action.