MARKET OPEN: There may be 'light at end of tunnel'
An improving global mood, combined with a lift in dairy prices, may spur some tentative, positive domestic trading. US markets were largely unchanged as the number of new cases there showed early signs of plateauing. The US surgeon-general said there may be fewer deaths than o...
Buyers queue up for NZ govt bonds; RBNZ expands QE
The local government bond market got a major boost today with rampant demand for 2031 New Zealand government bonds and the Reserve Bank expanding its own bond-buying programme by 10 percent. The Treasury announced that an additional $3.5 billion of May 15, 2031 New Zealand govern...
LIC shareholders reject plan to buy agri-tech company stake
Covid-19 uncertainty was too big a hurdle for Livestock Improvement Corporation shareholders today as they rejected a deal to buy a stake in Israeli dairy farm management firm Afimilk Agricultural Cooperative.LIC had sought shareholder approval to acquire a 50 percent stake for $...
A quarter of New Zealand's pilots face redundancy
Almost a quarter of the country’s 2,400 pilots may be out of a job unless the New Zealand Airline Pilots’ Association can bring that number down.Air New Zealand is looking to make 387 pilots redundant as part of massive cost-cutting measures after it slashed capacity to around 5...
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