
Hunt for yields drives shares to record
New Zealand shares rose to a new record close yesterday as holidays in Auckland and Australia kept trading volumes light.
New Zealand shares rose to a new record close yesterday as holidays in Auckland and Australia kept trading volumes light.
The two big lessons from last year's initial public offerings were the huge difference between the best and worst performing companies and the importance of the first trading day.
Prices continued to improve at this morning’s GlobalDairyTrade auction, the GDT price index gaining 1 per cent since the last sale a fortnight ago.
Chinese equities plunged the most in five years, led by brokerages, after regulatory efforts to rein in record margin lending sparked concern.
Financial markets will this week find whether the Swiss National Bank's fears were well-founded when the European Central Bank announces its plan to revive economic growth.
Falling milk powder prices have hit consumers' economic confidence in the key dairy regions of Southland and the Waikato, says Westpac.
The Minister of Foreign Affairs has welcomed the peaceful elections in Sri Lanka and congratulated the country's new president after a shock election result.
The volume and value of cash trading on New Zealand's stock exchange fell last month from a year earlier.
The Kiwi dollar rose to a 21-month high against the euro after data showed the Eurozone slipped into deflation.
Dairy farmers were offered a respite from what has so far been a dismal season for prices after the GlobalDairyTrade index gained 3.6 per cent at the first auction for 2015.
The New Zealand dollar rose to its highest against the Australian dollar since the Aussie was floated in 1983.
Turning carparks into eateries where diners sit on plastic stools and share their table with random strangers may not sound like a recipe for success.
United States markets head into the last week of the year with a "Santa Claus rally" having lifted them to record highs, picking up momentum from outstanding GDP numbers in the world's biggest economy.
A survey of portable cots for sale in New Zealand has uncovered potentially fatal safety defects - including folding mechanisms that could trap a child's neck.
New Zealand posted its smallest November trade deficit in four years, beating economist forecasts, as falling dairy prices were offset by a rise in meat exports.