Tentative Wall Street rally may lift local sentiment
A rally on Wall Street may bolster sentiment on the local market today as policy makers across the globe take steps to mitigate the impact of covid-19.The Dow Jones Industrial Average was up 1.1 percent at 8am in Wellington, while the Nasdaq was up 3.7 percent and the S&P 500 was...
NZ's already tepid economic growth heading for a nose dive
New Zealand's economy was already slowing in the final quarter of last year and economists warn a sharp contraction is on the horizon as they call for the Reserve Bank to act. Gross domestic product expanded 0.5 percent in the December quarter, bringing annual growth to 1.8 perce...
Synlait profit falls more than expected; still no covid-19 impact
Synlait Milk’s first-half profit fell more than expected, but it kept its guidance for the full-year and said it is still seeing no operational impact from covid-19.The milk processor reported net profit of $26.2 million in the six months to Jan. 31, down from $37.3 million a yea...
NZ dollar flirts with Aussie parity; markets in freefall
Markets remain in freefall as investors continue to panic about the long-term impact of covid-19 on the global economy while the kiwi briefly touched parity with the Australian dollar. The Dow Jones Industrial Average was down 8.7 percent at 8am in Wellington, while the Nasdaq...
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