Markets

MARKET CLOSE: NZ shares rise as THL bolsters sentiment

Dan Brunskill
Mon, 14 Sep 2020

New Zealand shares edged higher with Tourism Holdings leading the market after an upgrade to its earnings helped insulate investor sentiment from a one-week extension to current covid restrictions. The S&P/NZX 50 Index rose 42.51 points, or 0.4 percent, to 11,790.54. Within the index, 22 stocks rose, 15 fell and 13 were unchanged. Turnover was $140.6 million. Prime Minister Jacinda Ardern announced Cabinet had decided to extend current alert levels until at least next Monday, and said ministers agreed in principle to lower restrictions th...

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Markets
MARKET CLOSE: Kiwi falls on economic concern
Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.  

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

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