MARKET OPEN: Dovish Fed may cheer markets; eyes on tech heavyweights

Rebecca Howard
Thu, 30 Jul 2020

Domestic investors will likely be cheered by a better night on Wall Street after the US Federal Reserve reiterated its pledge to keep rates low for as long as necessary. The target range for the federal funds rate is 0 to 0.25 percent and the bank's open market committee "expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price-stability goals,” the Fed said in a statement after its two-day meeting. “There was nothing actually new i...
Primary Sector
China trade fears unmatched by good alternatives: report
Pattrick Smellie | Wed, 05 Aug 2020

Fears that New Zealand is overly reliant on trading with China ignore that there are few more attractive markets for many of the country's major exports, says a report by economic consultancy Sens...

Listed Companies
SFO-directed raid complicates Spark claim
Victoria Young | Wed, 05 Aug 2020

An accused co-conspirator has complained a Serious Fraud Office-ordered raid on his home has meant he can't comply with disclosure orders in a case brought by Spark New Zealand.  The telco claims t...

Primary Sector
Farmers to get $122m in fertiliser cheques
Brent Melville | Wed, 05 Aug 2020

Fertiliser heavyweights Ballance Agri-Nutrients and Ravensdown have fought their way through the covid-19 response, kicking back rebates of $54 million and $68 million respectively to farmer-sharehold...

Partner content
Don’t fear the robots. How software can help your business succeed

New Zealand businesses are on the road to recovery from the economic impact of the Covid-19 crisis but they, like corporates around the world, are having to change their operational practices.