Recent Posts

World Week Ahead US payrolls, manufacturing, services data loom

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 …

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MARKET CLOSE NZ shares slide amid investor concern about regulation, led by Chorus

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 …

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Pengxin farms post operating loss due to North Island drought

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 …

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