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Economic fears pull commodities lower

Mayhem on the markets

Aussie, Japan sharemarkets plunge 4pc

Australian and Japanese sharemarkets have plunged more than 4pc on opening, after a rough night on European and US exchanges. The NZX-50 is down 2.4pc.

Global markets crash exposes Kiwi dollar 'safe haven' myth

This morning's rapid fall in the New Zealand dollar proves recent talk of the kiwi becoming a 'safe haven' currency was hot air, say economists.

NZ stocks drop after global plunge

The NZ stock exchange has fallen 2.5 per cent on opening, following a big slump on world markets overnight. The NZX 50 Index shed 80.89 points to 3297.86, the lowest level since December.

NZ stocks drop after global plunge

The New Zealand Stock Exchange has fallen to its lowest level since December, falling 2.5 per cent this morning after a global slump in world equity markets.

NZ dollar slumps below US84c

The New Zealand dollar plummeted below US84c as world investors fled for safe havens overnight.

Stock takes: Shares under water

US stocks plunge after debt deal

Barack Obama says the debt ceiling bill is a first step toward ensuring the US lives within its means but more was needed...

NZ dollar falls below 87c as fear swamp markets

The New Zealand dollar fell below 87 US cents on the back of weaker equity markets as investors refocused their attention on the stumbling US economy and Europe's sovereign debt crisis.

Economic concern sinks US stocks overnight

An agreement on the US debt ceiling did little to stem investors' concern overnight that the world's largest economy is faltering, which will hurt corporate earnings down the road.

Dollar eases back as 'normality' returns

Steep rise in sales for outdoor retailer

NZX cancels trade in Telecom shares

US House votes to raise debt ceiling

Kathmandu earnings up as much as 36pc

Kathmandu said full-year pretax earnings rose between 31 per cent and 36 per cent on new store openings, favourable weather and better inventory management.