Equities on Wall Street and in Europe rose as investors found value in beaten-down stocks including energy shares such as Chevron and Nabors Industries. Shares of Chevron gained 2.6 percent, while those of Nabors soared 6.6 percent. Oil stemmed its slide, at least for now. West Texas Intermediate for January delivery rose 1.5 percent to US$56.74 a barrel on the …

Dairy product prices rose in the latest GlobalDairyTrade auction, propelled by a jump in anhydrous milk fat and butter. The GDT average winning price rose 2.4 percent to US$2,609, up from US$2,513, the lowest level since August 2009, two weeks ago. Some 35,390 tonnes of product was sold, down from 39,273 tonnes of product two weeks ago. Even so, the AgriHQ …

New Zealand shares joined in a global sell off, led by OceanaGold Corp and Fletcher Building, as investors were spooked by a falling oil price. Air New Zealand, Mainfreight and Z Energy gained on the prospect of cheaper fuel costs. The NZX 50 Index fell 3.32 points, or 0.1 percent, to 5495.752. Within the index, 24 stocks fell, 13 rose and 13 were unchanged. Turnover …