MARKET OPEN: Wall Street rally may help local sentiment

Fri, 26 Jun 2020

The local stock market may recoup some of yesterday’s losses after Wall Street turned positive despite ongoing worries about the rising number of covid-19 cases. The benchmark S&P/NZX 50 Index fell 1.2 percent yesterday. US stocks were helped when US banking regulators eased two rules covering large banks. According to CNBC, Federal Deposit Insurance Commission officials said the move will allow banks to more easily make large investments into venture capital and similar funds. The banks will also be able to avoid setting aside cash...

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Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 9:40am

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