US stocks move little but have best month in a year
NEW YORK - Stocks had a fitting end to a choppy July on Friday, US time, as prices seesawed their way to a narrowly mixed finish. But despite the turbulence, this was still the market’s best month in a year.Investors had an ambivalent… Click here to read the full story
Read more..Currencies: Dollar higher after U.S. GDP, confidence data
The U.S. dollar held onto gains as investors wariness of riskier assets fuels demand for the relative safety of the U.S. dollar. Click here to read the full story
Read more..NZ dollar falls after OCR hiked
The New Zealand dollar fell sharply on a day the Reserve Bank of New Zealand (RBNZ) hiked the official cash rate (OCR) by 25 basis points to 3 per cent.This is the opposite to what usually happens but investors opted to take more… Click here to read the full story
Read more..Citigroup paying $75M to settle civil charges
By MARCY GORDON 2010-07-29T19:32:48Z WASHINGTON (AP) — Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007…. Click here to read the full story
Read more..Fear Cheap Money, Not Double Dip: Morgan Stanley
Fears over a double-dip recession for the global economy are waning, but investors should be more worried about ultra-loose policy from the Federal Reserve, according to Joachim Fels, the co-head of economics at Morgan Stanley. Click here to read the full story
Read more..Wall St falls on tech outlook worries
NEW YORK (Reuters) - U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy. Click here to read the full story
Read more..Earnings boost stocks as euro rises
LONDON (Reuters) - World stocks rose for the fifth day running on Wednesday as solid corporate earnings combined with easing fears about financial stability to boost investors appetite for riskier assets. Click here to read the full story
Read more..NZ dollar jumps to six-month high
The New Zealand dollar climbed to a six-month high as a surge in new home sales in the US stoked investors’ appetite for higher-yielding, or riskier, assets.American new home sales jumped 24 per cent last month, taking the inventory… Click here to read the full story
Read more..Pulse seeks notes sale
NZAX-listed electricity retailer Pulse Utilities New Zealand is signalling a further capital raising via the sale of convertible notes to experienced investors. The company wants to sell 5 million convertible notes for a face… Click here to read the full story
Read more..How the major stock indexes fared on Monday (AP)
The Dow Jones industrial average gained more than 100 points for the third straight day Monday after investors got some unexpected good news about the economy. A report on the housing market came in better than expected, and shipping giant FedEx Corp. released a forecast that was more upbeat than the prediction it made just [...]
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