MARKET OPEN: Wall St rally runs out of steam as US-China tensions mount

Paul McBeth
Tue, 14 Jul 2020

New Zealand’s stock market may be in for a soft day after a rally on Wall Street ran out of steam as the US and China traded barbs, reminding investors of the volatile relationship between the world’s two biggest economies. US Secretary of State Mike Pompeo denounced Beijing’s claims to the South China Sea, calling them “unlawful,” while China sanctioned US lawmakers who sponsored legislation over human rights in China. The US-China tensions have taken a backseat in recent months as investors focused on the covid-19 pandemic still sweepin...
Markets
MARKET CLOSE: NZ shares join Asian rally on strong US, European manufacturing
Dan Brunskill | Tue, 04 Aug 2020

New Zealand shares joined a rally across Asia as better than expected US and European manufacturing figures revived investors' confidence in the global economy. Fisher & Paykel Healthcare led the mark...

Markets
Weaker NZ dollar lifts off its lows after RBA more upbeat
Jenny Ruth | Tue, 04 Aug 2020

The weaker New Zealand dollar lifted off its lows after the Reserve Bank of Australia maintained its settings and reiterated its commitment "to do what it can to support jobs, incomes and businesses i...

Retail
Healthscope in $550M deal to sell NZ pathology business
Rebecca Howard | Tue, 04 Aug 2020

Australia’s Healthscope has inked a deal to sell its New Zealand pathology business to the NZ Super Fund and Ontario Teachers’ Pension Plan Board for more than $550 million. The two pension funds w...

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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.