Australasian share markets insulated from US/China turmoil so far

Sun, 12 May 2019

By Jenny Ruth May 13 (BusinessDesk) - Australasian share markets held up better than most last week as key major indices tumbled amid renewed anxiety about whether the United States and China can resolve their trade differences. The S&P/NZX 50 Index gained 0.4 percent last week and the ASX 200 Index shed just 0.03 percent in a week in which the key US share index - the S&P 500 - sank 2.2 percent. The New Zealand market was helped by last week's cut in interest rates and, while the Reserve Bank of Australia didn't trim rates ahead of ne...

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Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

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