![Expectations trump reality in upside-down world](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Expectations trump reality in upside-down world
COMMENT: Financial markets often don't do what we expect them to.
COMMENT: Financial markets often don't do what we expect them to.
New Zealand shares hit a fresh high led by positive earnings from Synlait Milk and Steel & Tube Holdings, while Auckland International
Wall Street rose to records as shares of Macy's and Kohl's rallied, while oil prices gained.
Sportspeople love pulling out the "it's been a journey" cliche when scrambling to say something profound during post-match interviews.
New Zealand shares rose after the Reserve Bank cut interest rates, underlining the yield from companies such as Spark NZ.
New Zealand shares rose after the Reserve Bank cut interest rates, underlining the yield from companies such as Spark NZ, while Kathmandu
Wall Street fell as energy stocks moved lower with the price of oil amid fresh signs of an unabated global glut.
Wall Street was mixed along with the latest US economic data, while oil prices moved lower as did the greenback.
Port of Tauranga chief executive Mark Cairns says Forsyth Barr's recent decision to retain an "underperform" rating on the port's
As reporting season ramps up, analysts say firms will be punished if results fail to live up to high share prices.
Harry Doig, Puketapapa Local Board deputy chair, said the community was delighted with the decision.
New Zealand shares gained after Kathmandu Holdings affirmed earnings would rise in line with its guidance. A2 Milk also advanced.
Fletcher Residential is pondering a damning Environment Court ruling over its plans for a $1.2b housing estate in Auckland's Three Kings quarry pit.
The Environment Court has ruled that a string of issues must be addressed before Fletcher Residential can develop a new $1.2b housing estate.
No senior banking executives have received jail time in the U.K. or U.S., but Ireland just handed down three rare convictions.
Fairfax Media, has written down the value of its NZ assets by A$95.3 million (NZ$100 million).
First report is out, but Mad Butcher owner "disagrees strongly" with findings.
Market watchers have been left scratching their heads after a major surge in Moa Group shares.
COMMENT: Old telephone companies like Verizon thrive while once mighty Internet giants fade.
COMMENT: Things have calmed down since that dramatic Friday when the Brexit votes were being counted, but don't get comfortable, there's more to come.
Nintendo shares plunged by the most since 1990 after the company said late Friday that the financial impact from the worldwide hit Pokemon Go will be limited.
Creditors of defunct electrical retailer Dick Smith have voted in favour of liquidation. Administrator McGrathNicol will take
Wall Street has closed higher, clinching the fourth straight positive week for the stock market.
A senior HSBC executive has been released on $1 million bail after being charged with fraud.
The dairy downturn has driven farmer-owned co-operative, Livestock Improvement Corp into the red.
NZ shares rose to a new record with Xero, Metlifecare and Steel & Tube Holdings gaining while Air NZ dropped on its June operating statistics.
Emotional and ideological contagion is becoming a more important source of systemic risk.
Economists are slashing growth forecasts and companies are warning of Brexit's dire consequences. London? No, Dublin.
Investors will be cautious as they wait to see how larger markets react to growing global turmoil, says an analyst.
China's economy grew 6.7 per cent in the second quarter from a year earlier.