Wall Street declined as investors awaited a slew of US corporate earnings to gauge whether, and for which companies, the pickup in the economic recovery has translated to an improvement in the bottom line. In afternoon trading in New York today, the Dow Jones Industrial Average fell 0.38 percent, the Standard & Poor’s 500 Index slid 0.41 percent, while the …

The timing and pace at which the US Federal Reserve unwinds its money-printing programme was identified as the single largest threat to global economic growth in 2014 in a vote from the floor of the Asian Financial Forum in Hong Kong. The annual global gathering of a record 2,300 business leaders and senior government officials saw 31.7 percent of delegates …

The New Zealand dollar may gain this week as investors tune into US economic indicators after a weak reading of the labour market on Friday sparked fears the Federal Reserve may stall plans to scale back its monetary stimulus, while New Zealand’s upbeat outlook is expected to be reaffirmed by local data. The local currency may trade between 82 US …

Wynyard Group, whose shares soared 64 percent last week, says it has met its forecast sales target of $21.5 million. That equates to more than 62 percent revenue growth in 2014, and the company’s board will review the 2014 and 2015 business plans and targets in the first quarter of this year, the intelligence software developer said in a statement. …

After December’s surprisingly weak jobs data took some of the shine off the US economic recovery, investors will be analysing this week’s wave of corporate results for reassurance that better days lie ahead. JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, General Electric, Intel and UnitedHealth are among companies reporting quarterly results this week. “The market increasingly will be …

New Zealand shares rose as investors turned to equities in search of growth on optimism local companies will benefit from a reviving economy. The NZX 50 Index gained 49.517 points, or 1 percent, to 4,864.391. Within the index, 33 stocks rose, 10 fell and seven were unchanged. Turnover was $109 million. “Investors are purely chasing growth,” said Grant Williamson, a …

Fiji Airways, the Pacific nation’s national airline, wants to latch on to New Zealand’s accelerating economy as part of a push to more than double operating earnings over the next five years. The Nadi, Fiji-based company plans to add four new planes, lifting capacity by 35 percent and expand its workforce by 29 percent in the next five years as …

The New Zealand dollar slipped ahead of a key US employment report later today which analysts are tipping to be better than expected, bolstering expectations the Federal Reserve will continue to pull back its monetary stimulus this year. The kiwi weakened to 82.43 US cents at 8am in Wellington from 82.57 cents at 5pm yesterday. The trade-weighted index dropped to …

A better-than-expected weekly US jobless claims report, following the solid private employers’ data released earlier this week, kept investors on edge for tomorrow’s government employment report. The clear signs of an improving US jobs market are good news for the overall picture of recovery in the world’s largest economy, yet it may also prompt the Federal Reserve to accelerate the …

New Zealand shares rose, led by Xero on optimism more investors will focus on the cloud-based accounting firm’s growth potential. Wynyard Group, another high-growth tech company, surged to a new record. The NZX 50 Index rose 35.070 points, or 0.7 percent, to 4814.874. Within the index, 21 stocks rose, 20 fell and nine were unchanged. Turnover was $95 million. Xero, …