Recent Posts

World Week Ahead, US Earnings in Focus

A slew of corporate earnings results will likely set the mood in the coming days following last week’s record run that boosted Wall Street to its best weekly performance this year. In the past five days, the Dow Jones Industrial Average gained 2.1 percent, the Standard & Poor’s 500 Index advanced 2.3 percent while the Nasdaq Composite Index rose 2.8 …

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MARKET CLOSE NZ shares rise; Ryman, Port of Tauranga end week at record high

New Zealand stocks rose, pushing the NZX 50 Index to a record, as retirement village operator Ryman Healthcare and Port of Tauranga charted new highs. The NZX 50 rose 26.23 points, or 0.6 percent, to 4,435.76, the highest since the inception of the gross index in 2003. Within the index, 27 stocks rose, 16 fell and seven were unchanged. Turnover …

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Bathurst shares plunge 19 percent on appeal news

Shares of would-be coking coal miner Bathurst Resources plunged 18.75 percent to 26 cents after the first appeal from environmental groups opposing an Environment Court decision upholding its Escarpment open-cut mine resource consents. The announcement from the Royal New Zealand Forest & Bird Society and West Coast Environmental Network came less than a day after the company said it hoped …

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