MARKET OPEN: Better night on Wall Street may spur local buying
The local market may get a lift from improving data in the US and China and further steps from the Federal Reserve to keep credit flowing to US businesses. Wall Street shrugged off earlier losses when the Fed said it is expanding the scope of its US$750 billion emergency corpo...
Obituary: Tony Gibbs dies at age 72
Corporate heavyweight Tony Gibbs, who was once sacked by Ron Brierley for speaking out against plans for a proposed demerger of Guinness Peat Group, has died at the age of 72.He started at GPG in 1993 but ended his run when a board rift over strategy culminated in his unauthorise...
Pioneer Capital says Agility CIS has more acquisitions lined up
Pioneer Capital said its Auckland-based Agility CIS investment is looking to add other bolt-ons after it snapped up US-based Znalytics and didn’t rule out an eventual public listing. Pioneer has a 35 percent stake in the 22-year old company that provides billing and customer i...
MARKET OPEN: Eyes on rising covid cases in key markets
The market may get a lift after Wall Street ended the week on a positive note but new cases of covid-19 in China as well as rising cases in key US states may dampen some enthusiasm. The Dow Jones Industrial Average added 1.9 percent, the Nasdaq added 1 percent and the S&P 500...
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