MARKET OPEN: Markets gain as focus firmly on economic recovery

Wed, 03 Jun 2020

Signs of economic recovery may once again whet investor appetite as Wall Street continues to rally despite social unrest in the US. Tensions continued to escalate between US law enforcement and crowds protesting the killing of George Floyd, the 46-year-old African American who died after a white policeman pinned his neck under a knee for nearly nine minutes in Minneapolis on May 25. Five officers were shot and wounded, and ransacking continued in major cities like New York and Los Angeles, Reuters reported. However, while rioting conti...

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Politics

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...

Staff reporters 1:20pm

Economy