MARKET OPEN: Weak IMF outlook likely to temper investor optimism

MARKET OPEN: Weak IMF outlook likely to temper investor optimism
Rebecca Howard
Another positive session on Wall Street may help investor sentiment, although gains may be tempered as the International Monetary Fund slashes global growth forecasts.  Wall Street gained as the US moves toward a partial reopening of its economy. White House adviser Larry Kudlow said President Donald Trump would make a number of announcements about re-opening the US economy in the next day or two as the health crisis appeared to be ebbing, Reuters reported. Some state governors, however, say the decision lies with them. The Dow Jones I...

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NZ sharemarket falls 0.6% after Monday's surge
Markets Market close

NZ sharemarket falls 0.6% after Monday's surge

The S&P/NZX 50 Index closed at 13,113.19, declining 82.89 points or 0.63%.

Rocket Lab nabs Biden funding
Markets

Rocket Lab nabs Biden funding

Rocket Lab has hit a milestone by launching two Electron rockets within 24 hours.The New Zealand-American firm also said on Tuesday it had finalised US$23.9 million (NZ$41.3m) in Biden administration “Chips Act” funding.Proposed recipients of funding under the legislation, design...

Aroa posts $1.5m HY loss, forecasts annual profit
Markets

Aroa posts $1.5m HY loss, forecasts annual profit

Auckland surgical products company is forecasting annual profit of between $2m to $6m.

Pacific Edge posts $14.5m loss
Markets

Pacific Edge posts $14.5m loss

The cancer diagnostics company is awaiting outcomes of several events.