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Trading desks will be back to full staff this week after the Thanksgiving break in the US and investors are expected to be in a mood to buy — at least that’s what traders are hoping. While stocks ended little changed in thin trading on Friday, Wall Street posted another strong month of gains. For all of November, the Dow …

New Zealand shares fell, led by telecommunications network operator Chorus, as investors become wary that increased regulation heading in to an election year may crimp earnings. The NZX 50 Index fell 14.505 points, or 0.3 percent, to 4,794.95. Within the index, 32 stocks fell, 11 rose and seven were unchanged. Turnover was $104 million. Trading was lighter than normal for …

The former Crafar family farms controversially bought by China’s Shanghai Pengxin last year reported an operating loss in their first year of new ownership due to the widespread drought last summer. Pengxin New Zealand Farm Management reported an operating loss of $1 million in the year ended June 30 on revenue of $10.5 million, according to its first annual report …

The Bank of New Zealand is angling for a bigger slice of burgeoning Maori economic activity, establishing a $50 million fund to bridge financial gaps that can delay the payment of Treaty of Waitangi settlement funds to claimants. Around $1.5 billion in funds from existing Treaty claims are yet to be paid out, with the processes surrounding payouts sometimes taking …

The government is still committed to the partial privatisation of Genesis Energy, despite a rocky performance in both the asset sales so far undertaken, Prime Minister John Key has confirmed. However, he ruled out the possibility of a break-up or trade sale of the smallest of the three state-controlled electricity companies, despite work being done on those options in recent …

New Zealand shares fell as Xero extended its slide from a record high and market heavyweights Fletcher Building and Telecom dragged the benchmark index lower. Meridian Energy gained on its debut, helping lift MightyRiverPower and Contact Energy. The NZX 50 Index fell 10.759 points, or 0.2 percent, to 4852.594. Within the index, 21 stocks fell, 21 rose and eight were …

The New Zealand dollar fell, closing in on a key support level, ahead of the Federal Reserve’s two-day policy meeting and after the Reserve Bank of Australia said its currency may be “materially lower” in future. The kiwi fell to 82.67 US cents at 5pm from 83.03 cents at the start of the day and from 83.07 cents the previous …

The Standard & Poor’s 500 Index rose to a new record on expectations the Federal Reserve will maintain its massive stimulus programme amid signs the world’s biggest economy is stumbling. The S&P 500 gained 0.4 percent to 1769.21 and the Dow Jones Industrial Average rose 0.6 percent to 15668.05. In Europe, the FTSEurofirst 300 index was up 0.4 percent. As …

The government has raised $176 million from selling the bulk of its 700 megahertz radio spectrum, flagged for fourth generation mobile phone use, and is still mulling what to do with the remainder. Telecom Corp and Vodafone New Zealand, the country’s major mobile phone operators, each spent $66 million on three lots of 2×15 MHz spectrum while new entrant Two …

The New Zealand dollar fell as investors bet expectations for the Federal Reserve to delay tapering its monetary stimulus programme until March next year had already been priced into the markets. The kiwi slipped to 82.49 US cents at 8am in Wellington, from 82.64 cents at the 5pm market close yesterday. The trade-weighted index was little changed at 76.25 from …