UN vote pulls big names to forum
Seven European nations expected to lobby Pacific leaders on Waiheke Island for their voting support.
Seven European nations expected to lobby Pacific leaders on Waiheke Island for their voting support.
Large-scale iwi investment in the New Zealand heartland could reinvigorate rural economy.
Landcorp Farming, New Zealand's biggest farm business, expects Fonterra's payout to slip next year and its own earnings from beef exports to fall, reflecting the high kiwi dollar.
Wall St was mixed overnight as investors mostly welcomed data showing US business activity and factory orders accelerated more than expected.
New forecasts from the NZIER say the economy is growing slowly this year and keep growing next year, but exports are threatened by a potential global slowdown.
Consumer and business confidence in Europe and the US has been hammered this past month, unsurprisingly, and yet stocks are mixed on Wall St.
Better-than-expected US consumer spending and a deal to merge two top Greek banks helped bolster investor optimism overnight.
Investors desperate for news indicating the US economic recovery might be on track after all, and received it overnight as a report on durable goods orders surpassed expectations.
The New Zealand dollar rose against the greenback on bets that weaker US data will force Fed chair Ben Bernanke to unveil a third round of quantitative easing.
Investors found some value among beaten-down stocks on Wall St overnight as they picked up shares of Apple and IBM amid hope the Fed will announce new measures to shore up the US economy.