MARKET OPEN: Better night on Wall Street to help sentiment

Fri, 25 Sep 2020

The local market may trade in positive territory after Wall Street recovered some of its losses on renewed hopes of further coronavirus-related fiscal stimulus from Congress.House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin both raised the prospect of resuming negotiations on another economic stimulus package, Bloomberg reported.“If the Democrats are willing to sit down, I’m willing to sit down anytime for bipartisan legislation. Let’s pass something quickly,” Mnuchin said during a Senate Banking Committee...

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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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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