New Zealand markets closed
  • Business
    Australian Associated Press

    Australian shares up 1.7 pct at noon

    The Australian share market is up sharply midway through the session, with frontline mining, energy and financial stocks leading the way as investors shrugged off fears of a global recession.The benchmark S&P;/ASX200 index jumped 109.

  • Business
    Australian Associated Press

    Metcash lifts FY profit amid inflation

    Food and beverage wholesaler Metcash has reported record annual sales and lifted full-year profit, but warns food inflation has continued to rise during the second half of the financial year.The IGA Supermarkets owner and distributor says net profit for the 12 months to April 30 rose 2.

  • Business
    Australian Associated Press

    Wall St posts big gains to end strong week

    Wall Street's main indexes have jumped sharply in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans.All 11 S&P; 500 sectors ended higher.