Eyes on govt package as volatility pummels markets

Eyes on govt package as volatility pummels markets
Rebecca Howard
Volatility remains off the charts with Wall Street down around 9 percent as markets continue to grapple with the ramifications of covid-19. The kiwi dollar meanwhile could be heading to parity against the Aussie.The Dow Jones Industrial average was down 9.6 percent, while the Nasdaq was down 8.9 percent and the S&P 500 was also down 9 percent at 8am in Wellington. Stocks in the US were pounded after the US Federal Reserve’s move to cut rates by 100 basis points and resume money printing yesterday amplified fear about the impact of the...

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NZX lifts 0.2% as markets wait for US Fed decision
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NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

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NZME shareholder Jim Grenon lifts investment in media firm
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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...