MARKET OPEN: Rally may be on the cards
A market rally may be on the cards today after some countries began to lift lockdown restrictions, spurring a lift in oil prices. Brent crude was up about 12 percent, according to Reuters, as Italy and some parts of the US – including California – eased their restrictions....
Prime ministers aim to create Australasian bubble as soon as it's safe
Prime Minister Jacinda Ardern and Australian Prime Minister Scott Morrison aim to ease travel restrictions between the two countries as soon as it is safe to do so.
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Tanking aluminium prices don't bode well for Tiwai smelter
Aluminium prices hit their lowest level in more than a decade in April on slumping demand as Rio Tinto – majority-owner of the Tiwai Point smelter – continues to mull the future of the plant.“Aluminium stocks are expected to reach record levels this year as demand has slumped – d...
James Hardie to shut NZ manufacturing; 120 jobs at risk
James Hardie Industries plans to shut down its manufacturing operations in New Zealand as the covid-19 pandemic hits its bottom line, putting 120 jobs at risk."Following a review of its operations in New Zealand, James Hardie has announced its intention to move to a regional mode...
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