Newswire
Markets
NZ dollar soars as reopening optimism sweeps the globe
The New Zealand dollar continued to rise as sentiment in global equities markets remained relentlessly positive about the global economy reviving with countries emerging from covid-19 lockdowns. The positive sentiment, which ignores still-increasing covid-19 cases and social u...
Listed Companies
NZME shareholders face a longer wait for dividends
NZME’s 740 shareholders face another year without any dividends with new banking arrangements banning distributions until July next year at the earliest. The media group suspended dividends at the end of 2018 when the board decided to focus on shoring up its balance sheet by r...
Coronavirus
Ardern defends Monday timing for level 1 call
Prime Minister Jacinda Ardern is sticking to next Monday, June 8, as the first date that the government will consider whether to remove remaining restrictions on public life to contain the spread of covid-19. Ardern is under intense pressure from business groups, her own coali...
Retail
20,000 fewer new car registrations due to virus
New car and commercial vehicle registrations were down by almost a third last month as restricted trading conditions reduced sales to 8,313 new vehicles, a year-on-year decline of almost 4,000 vehicles on last May's 12,259 cars. Overall, the covid-19 shutdown has seen almost 2...
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