MARKET OPEN: Focus to remain on US-China tensions

MARKET OPEN: Focus to remain on US-China tensions
Rebecca Howard
Financial markets may face a volatile start to the week as China's move to extend national security laws over Hong Kong add to the mounting tensions between China and the US.  US Secretary of State Mike Pompeo condemned the move on Friday, warning it will be a "death knell" for Hong Kong's autonomy from China. That position grants Hong Kong favourable trading terms from the US, which may be revoked if it loses that autonomy.  “China is front and centre, with protests and violence in Hong Kong and tough talk from China to the US,” said Kiw...

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NZ sharemarket rallies, ends day up 0.6%
Markets Market Close

NZ sharemarket rallies, ends day up 0.6%

The S&P/NZX 50 Index closed at 12,989.18, up 83.2 points or 0.64%.

Graham Skellern 14 Feb 2025
Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025
Below-normal rainfall sees NZ hydro storage drop to 91%
Markets

Below-normal rainfall sees NZ hydro storage drop to 91%

Last month was the second-driest January on record.

Staff reporters 14 Feb 2025
Gentailers' earnings: Don't look back in anger
Markets

Gentailers' earnings: Don't look back in anger

Reporting season will be about the winter past and the winter to come.

Ian Llewellyn 14 Feb 2025