Bloomberg
BusinessDesk publishes select articles from international news service Bloomberg, which has more than 1000 journalists spread around the globe.
World
Billionaire Julian Robertson’s $181m art collection is heading to NZ
Paintings by Picasso, Dali and Matisse were part of a bequest to the Auckland Art Gallery.
World
Australia seen dodging recession even as China slows, US teeters
The chance of recession in the next year in Australia is 25%, versus 60% in the UK, 50% in the US and 35% in New Zealand.
Magnates sell ‘stunning piece of NZ’ for bumper price
Halfway Bay Station, an 18,000-hectare property on the shores of Lake Wakatipu, was sold by NZ-born mining magnate Chris Ellison and Australian billionaire Tim Roberts.
Markets
Recalibration rather than panic
Investors told to hold on to their hats as the S&P 500 posted a modest gain a day after a brutal stock market selloff.
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