MARKET OPEN: Investor unease may weigh on local market

MARKET OPEN: Investor unease may weigh on local market
Paul McBeth
New Zealand’s stock market may be in for a soft end to the week as investor unease weighed on US and European equities, and local data showed the economy to be in a worse state than most analysts had predicted. Wall Street was generally weaker as new US jobless claims overshadowed stronger manufacturing data, with investors sensitive to the ongoing spread of covid-19 in China and some large American states. That negative sentiment was also felt in foreign exchange markets as traders exited currencies linked to commodities and emerging mar...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025