Gloomy Asian mood likely to persist

Gloomy Asian mood likely to persist
Rebecca Howard
The mood in Asia is likely to remain gloomy as the progress of the coronavirus dominates and after weak earnings from Facebook weighed on Wall Street overnight.Russia has closed its China land border to contain the spread as the number of infections surpasses the total in the 2002-2003 Severe Acute Respiratory Syndrome or SARS epidemic. More than 8,000 people now have the virus and the US reported its first case of person-to-person transmission of the 2019-nCoV acute respiratory disease.The patient, now the sixth confirmed in the US, is the hus...

More Markets

THL exec enlists private equity for takeover bid
Markets

THL exec enlists private equity for takeover bid

In tandem with the offer, the consortium has amassed a 19.99% stake in THL.

Comvita forecasts another annual loss
Markets

Comvita forecasts another annual loss

Forecast losses don't include any impairment which is likely to be significant.

NZ sharemarket ends lower, spike in oil prices
Markets Market Close

NZ sharemarket ends lower, spike in oil prices

Australian, Hong Kong and Japanese share markets were all down after the attack.

Jamie Gray 13 Jun 2025
Bremworth wins $2m Kāinga Ora wool carpet contract
Primary Sector

Bremworth wins $2m Kāinga Ora wool carpet contract

The NZX-listed carpet market says the contract is of huge strategic value.

Staff reporters 13 Jun 2025