(NYTIMES) – Investors had no trouble gliding past the death and economic devastation wrought by the Covid-19 pandemic last year to drive the market to record highs. An increasingly healthy economy is what is making them panic. The US S&P 500 stock index has wobbled, suffering its worst weekly performance recently. The bond market, too, […]
SYDNEY – When the Covid-19 pandemic landed in Australia early last year, analysts expected the nation’s booming property market to finally cool and predicted a national price dip of as much as 30 per cent. But, once again, the Australian property market is defying the naysayers, as average prices increased last month at their fastest […]
SYDNEY – When the Covid-19 pandemic landed in Australia early last year, analysts expected the nation’s booming property market to finally cool and predicted a national price dip of as much as 30 per cent. But, once again, the Australian property market is defying the naysayers, as average prices increased last month at their fastest […]
MILAN – In its latest step to reach out to a younger generation, the Tod’s Group has appointed Chiara Ferragni as a member of its board of directors. “Chiara’s knowledge of the world of young people will certainly be extremely valuable,” said Diego Della Valle, chairman of the group. “Together, we will try to build […]
Spending on information technology will rebound this year after a dip in 2020 – and grow strongly in 2022, Gartner says. The market research firm says total IT spending in New Zealand dipped 1.6 per cent to $12.5 billion in 2020. Read More The major change hitting iPhones within weeks The outbreak saw several competing […]
(Reuters) – Hestia Capital Partners LP managing director Kurt Wolf joined GameStop Corp’s board to make the U.S. video game retailer more valuable. Then it became too valuable for him to stay on.FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. Picture […]
MILAN — More questions than answers are swirling over Salvatore Ferragamo. The confirmation of Paul Andrew’s exit from the Florence-based company effective in May left analysts scratching their heads once again — while barely moving shares on the Italian Stock Exchange on Thursday, as they closed down 1.22 percent to 16.24 euros. WWD was the first […]
NEW YORK (Reuters) – Technology shares led Wall Street higher on Thursday and Treasury yields extended their pull-back from recent peaks as market participants digested the U.S. Federal Reserve’s vow to stay the course with its dovish monetary policy.FILE PHOTO: A man walks past the New York Stock Exchange on the corner of Wall and […]
NEW YORK (Reuters) – Technology shares led Wall Street higher on Thursday and Treasury yields extended their pull-back from recent peaks as market participants digested the U.S. Federal Reserve’s vow to stay the course with its dovish monetary policy.FILE PHOTO: A man walks past the New York Stock Exchange on the corner of Wall and […]
LONDON (Reuters) – A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering a fundamental reassessment of corporate earnings.FILE PHOTO: U.S. President Joe Biden meets with Treasury Secretary Janet Yellen in the […]