MARKET OPEN: Local investors eye looming Fed review, tech earnings

Rebecca Howard
Wed, 29 Jul 2020

The domestic market may tread water ahead of the Federal Reserve’s policy review and heavyweight tech company earnings after weak US consumer confidence and disappointing earnings kept Wall Street on the back foot.  The US Conference Board consumer confidence index fell to 92.6 from a revised 98.3 in June. Economists polled by MarketWatch had expected a reading of 96.0. The expectations index – which measures the short-term outlook – fell to 91.5 from 106.1 in June. “Consumers have grown less optimistic about the short-term outlook for th...
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.