Early signs businesses are shaking off their gloom in July
Firms are shaking off their pessimism about the looming recession and even the near-term employment picture improved markedly in ANZ Bank’s preliminary July business outlook survey. A net 6.8 percent of firms now expect lower activity for their own business in the year ahead,...
Summerset expects 1H underlying profit to be up to 16% lower
Summerset Group said its first-half underlying profit could be up to 16 percent lower on the year before because of the impacts of covid-19, which halted construction as well as property settlements. The retirement village operator and developer said it expects underlying prof...
Rio Tinto to close Tiwai Point smelter next year
Rio Tinto will start planning for the wind-down of operations and the eventual closure of the Tiwai Point smelter following the conclusion of its strategic review.
MARKET OPEN: Wall Street cheer may help local market but covid worries continue
Investors may be cheered by a slightly better night on Wall Street, although ongoing concerns about rising covid-19 cases in the US and Australia will keep a lid on the enthusiasm. The number of confirmed US cases surpassed 3 million, affecting nearly one of every 100 American...
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