MARKET OPEN: Warning bells on global growth may sideline investors

MARKET OPEN: Warning bells on global growth may sideline investors
Rebecca Howard
Global growth worries may curb investor appetite today after the International Monetary Fund warned the world’s economy will take longer to recover from the covid-19 shock than previously thought. IMF managing director Kristalina Georgieva told Reuters the IMF is likely to revise downward its forecast for a 3 percent contraction in GDP in 2020. Data from around the world is worse than expected, she said. “Obviously that means it will take us much longer to have a full recovery from this crisis.” The IMF is due to release new global pro...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...