Recent Posts

While you were sleeping: Apple turns sour

Wall Street fell amid concern that stock market darling Apple is facing headwinds, fanning concern that other companies might struggle with demand for their products and services too. Shares of Apple sank on reports that it’s slowing down production of its iPhone 5, increasing worries the appeal of some of its products is waning. The stock was last down 3.3 …

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MARKET CLOSE NZX 50 up on continuing positive tone; 27 shares rise, 9 fall

New Zealand shares rose in relatively light trading, the positive tone led by high-yielding retailer Pumpkin Patch and the country’s largest construction company, Fletcher Building. The NZX 50 Index rose 22.16 points, or 0.53 percent, to 4153.91 at 5pm. Within the index, 26 stocks rose, while 10 fell, leaving 14 unchanged. Turnover was $69.0 million in light early new year …

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NZ dollar consolidates after falling late last week

The New Zealand dollar nudged higher on Monday after falling late last week and a test of higher levels is in prospect this week if data is supportive. The kiwi was at 84.02 US cents at 5pm, up from 83.71 US cents at 8am but still down from 84.25 US cents at 5pm on Friday. The NZIER business confidence survey …

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