Wall Street swung from gains to losses as investors took positions as US Federal Reserve policy makers prepared to start a two-day meeting on Tuesday, and as oil prices continued their free-fall. Oil tumbled further after United Arab Emirates said oil exporters would not cut output even if prices slide as low as US$40 a barrel. West Texas Intermediate for …

New Zealand shares fell in a global sell-off, paced by Xero, Westpac Banking Corp and Meridian Energy as falling oil and dairy prices and a hostage situation in Sydney weighed on investors. The NZX 50 Index fell 15.882 points, or 0.3 percent, to 5499.072. Within the index, 25 stocks fell, 18 rose and seven were unchanged. Turnover was $110 million. Last week, Wall Street recorded its worst …

The New Zealand dollar fell as traders mulled the prospects for an optimistic US Federal Reserve primed to raise interest rates when it reviews policy this week, which would stoke demand for the greenback. The kiwi fell to 77.43 US cents at 5pm in Wellington from 77.61 cents at 8am and 77.76 cents on Friday in New York. The trade-weighted index …