New Zealand markets closed
  • Business
    Australian Associated Press

    Shares drop ahead of US jobs data release

    It has been a frantic day for traders as another push higher in bond-market borrowing costs and the US dollar sank stocks and oil prices jumped, after OPEC and its allies opted against increasing supply for the time being.Nervy European shares started 0.

  • Business
    Australian Associated Press

    QBE hands new leader $4m in shares

    Insurer QBE has named the boss of UK insurer Beazley, Andrew Horton, as its next chief executive.After the market closed on Wednesday, the insurer said Mr Horton would join after 13 years running the UK-listed insurer, which trades across most continents.

  • Business
    Australian Associated Press

    Bond scares linger, investors look to Fed

    Worries about lofty US bond yields have hit global shares as investors wait to see if Federal Reserve chair Jerome Powell will address concerns about a rapid rise in long-term borrowing costs.The spectre of higher US bond yields has also undermined low-yielding, safe-haven assets such as the yen, the Swiss franc and gold.