NZ market likely to accelerate losses as covid-19 jitters continue
US markets plunged and New Zealand will likely extend its losses after it shed almost 3 percent yesterday as ongoing concern about the spread of covid-19 as well as oil market turbulence continue to roil markets.“Risk markets remain under intense pressure, with equities a sea of...
Super Fund, Russell Property to buy 250 ha Auckland site
The $45 billion NZ Super Fund has joined forces with parties associated with the Russell Property Group to buy a 250-hectare waterfront holding in east Auckland – including Formosa Golf Course land - but no price was disclosed.There are no immediate plans to develop the land, wh...
Covid-19 headlines to dominate; eyes on ECB
The coronavirus will remain front and centre of investor attention as it continues to spread across the globe.There are now 109,575 cases worldwide and 3,799 deaths have been reported, according to the Johns Hopkins virus tracker. Cases in the US are on the rise, with 474 people...
Covid-19 back in focus as global concerns escalate
Covid-19 is back in focus and the local equity market may follow a tumble on Wall Street after California declared a state of emergency to combat the virus. “This emergency proclamation will help the state further prepare our communities and our health care system in the event...
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