Pushpay leads NZ shares higher

Fri, 18 Mar 2022

New Zealand's sharemarket finished the week up more than 2.5% as equity markets begin to recover from Ukraine crisis lows. The S&P/NZX 50 Index rose 176 points, or 1.5%, to 12,175.85 today.Turnover was $677 million, with an extended trading session allowing the quarterly rebalance of the S&P/NZX and FTSE Russell Indices.US markets had another positive session overnight, although things remain volatile.Greg Smith, head of retail at Devon Funds, said the US Federal Reserve’s warning it may hike rates six times this year wa...

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm

Economy