MARKET OPEN: Wall Street rally may help local sentiment

MARKET OPEN: Wall Street rally may help local sentiment
Rebecca Howard
The local stock market may recoup some of yesterday’s losses after Wall Street turned positive despite ongoing worries about the rising number of covid-19 cases. The benchmark S&P/NZX 50 Index fell 1.2 percent yesterday. US stocks were helped when US banking regulators eased two rules covering large banks. According to CNBC, Federal Deposit Insurance Commission officials said the move will allow banks to more easily make large investments into venture capital and similar funds. The banks will also be able to avoid setting aside cash...

More Markets

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.