How the Dow Jones industrial average fared Monday

U.S. stocks are closing higher after three straight weeks of losses. Health care and utilities stocks had the biggest gains on Monday.On Monday:The Dow Jones industrial average rose 228.11 points, or 1.3 percent, to 17,977.42.The…

Fonterra aims for baby milk boost

A partnership with Beingmate Baby & Child could begin boosting Fonterra’s branded infant formula sales in China this year, says chief financial officer Lukas Paravicini.The New Zealand dairy giant yesterday confirmed it would buy…

Box office top 20: 'Cinderella' revised down to $67.9M

NEW YORK (AP) ” The weekend debut of Disney’s “Cinderella” was revised down to $67.9 million in final box-office figures Monday.The $2.2 million drop from Sunday’s estimate of $70.1 was a larger adjustment than usual, though “Cinderella”…

Loan sharks and 'unscrupulous' payday lenders key targets as government releases Responsible Lending Code

Short headline:  Govt issues Responsible Lending Code Tweet The Government has released the final version of the Responsible Lending Code, and reiterated that the Code and related key lender responsibility principles come into force on June 6. Primarily targeted at pay-day lenders and loan sharks, the Responsible Lending Code is being introduced following a 2011 Financial Summit in Auckland when …

Harcourts' auction results from throughout New Zealand – check out the latest selling prices

Short headline:  Harcourts' latest auction results Tweet The latest auction results from the country's largest real estate agency highlight the difference in selling prices between Auckland and the rest of the country. From this week, interest.co.nz will be publishing auction results from Harcourts branches throughout the country. Today's results, of homes auctioned in the two weeks ended March 14, include …

The Opening Bell: Where currencies start on Tuesday, March 17, 2015

Short headline:  Investors take profits Tweet By Dan Bell The NZDUSD opens at 0.7382 (mid-rate) this morning. The NZDUSD has traded to a high of 0.7400 overnight on a combination of softer than expected second-tier US data and investors taking profit on their long USD positions ahead of Thursday’s FOMC statement. The US Industrial Production inched up 0.1% (expected 0.3%) while the General Business Conditions Index …

Soft US data, lower oil prices, stronger NZD, eyes on tomorrow's dairy auction where lower prices are expected

Short headline:  USD yoyo continues Tweet By Kymberly Martin The recent USD yoyo continues with the USD again underperforming most of its peers overnight. European currencies outperformed. Overnight, the recent run of softer-than-expected US data continued, with both industrial production data and the Empire Manufacturing survey coming in below expectation. In addition, the WTI price has fallen a further 3% …

US factory output sags; Russia cuts rate; China targets internet cars; GE Money plans growth spurt; crude oil prices fall, output rises; NZ$1 = 74.1 USc, TWI = 79.5

Short headline:  90 seconds at 9 am: Oil prices sink Tweet Here's my summary of the key issues from overnight that affect New Zealand, with news of more downside news for oil and energy prices. But first, American industrial production fell in February for the third straight month as the production of cars and a range of goods slipped from January, the …