MARKET OPEN: A better night on Wall Street to bring cheer

Tue, 15 Sep 2020

A slightly better night on Wall Street on signs of progress with a covid-19 vaccine and some multi-billion deals will cheer local investors. Nvidia Corp lifted on plans to buy UK-based chip designer Arm from Japan’s SoftBank Group Corp for as much as US$40 billion, while Oracle gained after it confirmed its name was submitted by TikTok parent ByteDance to serve as the "trusted technology provider" for TikTok in a proposal given to the US Treasury Department, MarketWatch reported. That move beat Microsoft Corp in a deal structured as a par...

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Environment

Manufacturing emissions fell 6.2% in September quarter

Manufacturing GDP was down 2.6% in the same quarter.

Staff reporters 4:00pm

Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base.

Rebecca Howard 3:45pm

Lyttelton Port result improves but CEO says it's not enough

Economy

Pros and cons of a corporate tax cut

Business groups are keen for a cut; others doubt its impact and feasibility.

Pattrick Smellie 3:00pm

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Why Kiwis are embracing Bitcoin ETFs

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Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base.

Rebecca Howard 3:45pm

Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 11:10am