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Forex trader admits defrauding clients of $7 million - SFO

Wednesday, 20 March, 2019 - 13:15

A foreign exchange broker has pleaded guilty to running a Ponzi scheme to defraud his clients of more than $7 million.

Fonterra announces 2019 interim results

Wednesday, 20 March, 2019 - 08:33

Fonterra Co-operative Group Limited today announced its 2019 Interim Results which show the Co-op has returned to profitability with a Net Profit After Tax (NPAT) of $80 million, but normalised Earnings Before Interest and Tax (EBIT) are down 29% on the same period last year to $323 million.

Trade on back burner - CMC Markets

Tuesday, 19 March, 2019 - 10:50

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)

Trade signing delayed, NPC in focus - CMC Markets

Friday, 15 March, 2019 - 11:35

A UK parliamentary vote to seek an extension of the Brexit deadline saw European shares rally overnight, although currency markets were largely unmoved and industrial commodities dropped.

Numbers help investors buy China turn - CMC Markets

Tuesday, 12 March, 2019 - 11:23

By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)

ECB sounds the alarm - CMC Markets

Friday, 8 March, 2019 - 11:34

Last night the European Central Bank lowered its growth estimate for 2019 from 1.6% to 1.1% in a statement accompanying its decision to keep European interest rates at 0.25%. Despite announcing an extension of long term lending to banks, investors fled.

Stronger Euro conditions offsets weaker US - CMC Markets

Wednesday, 6 March, 2019 - 11:49

Eurozone Purchasing Managers Indices lifted investor sentiment in overnight trading after surprising on the upside. However the lift was balanced out by weaker US PMIs, leading to a drift in US stock trading.

Crowdfunding not a substitute for travel insurance - SCTI

Wednesday, 27 February, 2019 - 08:31

Uninsured Kiwi travellers shouldn’t expect crowdfunding campaigns, and the generosity of hardworking New Zealanders, to help foot the bill if they get into trouble while overseas, urges Southern Cross Travel Insurance ( SCTI).

Currencies, commodities, shares diverge - CMC Markets

Tuesday, 26 February, 2019 - 11:23

Asia Pacific traders may be in for a head scratching session today. In overnight action the US dollar softened as optimism about a China/US trade deal increased. This scenario generally supports commodity prices, but instead base metals fell and crude oil and iron ore plummeted.

Trade optimism to spur markets - CMC Markets

Monday, 25 February, 2019 - 11:45

By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking