The New Zealand dollar weakened as investors sold off higher risk assets as they mull yet again the prospect of the US Federal Reserve pulling back its US$85 billion a month bond buying programme. The kiwi fell to 82.70 US cents at 8am in Wellington from 83.35 cents at the 5pm market close yesterday. The trade-weighted index slid to 77.10 …

Wall Street was mixed as investors weighed reports underpinning the recovery in the US housing market, with signs rising mortgage rates might curb home buyers’ appetites and consumer confidence remains weak. In late afternoon trading in New York, the Dow Jones Industrial Average slipped 0.11 percent. The Standard & Poor’s 500 Index rose 0.16 percent, and the Nasdaq Composite Index …

New Zealand shares snapped a two-day slide after Kathmandu delivered record earnings and Sky Network Television rose in continued heavier-than-average trading. Fletcher Building rose after falling from a five-year high reached last week. The NZX 50 Index, which touched a record high last week, rose 9.213 points, or 0.2 percent, to 4710.587 Within the index, 16 stocks rose, 24 rose …