MARKET CLOSE: NZ shares snap three-day rally as investors weigh up lockdown
New Zealand shares snapped a three-day rally in volatile trading, as investors continue to assess the fallout from the level 4 shutdown and as higher bond yields reduce the attraction of companies that typically pay a reliable dividend in ordinary times. The S&P/NZX50 fell 75...
Regulators asked to ease KiwiSaver hardship withdrawal process
KiwiSaver fund managers are asking regulators to ease the documentation required to access hardship withdrawals, with inquiries surging as the covid-19 global crisis floors the New Zealand economy.BusinessDesk understands the Ministry of Business, Innovation and Employment is inv...
MARKET CLOSE: NZ shares rally on government support package
The New Zealand share market rallied on news government is expanding its business support package and as the US Federal Reserve announced it will take extreme measures to offset the global downturn. The S&P/NZX50 rose 610.45 points, or 7.2 percent, to 9,109.15. Within the inde...
Supermarkets see spending spree as shutdown looms
Stockpiling by households yesterday looks set to be followed by a sharp collapse in discretionary spending as mandatory self-isolation from midnight tomorrow shuts much of the economy.Non-essential businesses are already closing in anticipation of the lockdown and even before Mon...
.jpg)
Prev
