Carter Holt was initially planning to float its entire business, which also includes wood-processing businesses on both sides of Tasman. Photo / Lynda Feringa

Carters IPO shelved

Carter Holt Harvey, owned by Graeme Hart's Rank Group, has shelved plans for an IPO in its Carters building supplies business…

Specialist Peter Giacchi, right, works at his post that handles Madison Square Garden on the floor of the New York Stock Exchange. File Photo / AP

World shares drop, bonds gain

Equities on both sides of the Atlantic slid overnight, while US Treasuries and German bunds gained, amid concern about…