New Zealand stocks ended slightly firmer while investors worldwide focused on the “macro” clash between central banks and market forces. The S&P/NZX50 index ended at 12,359.26, up 13.36 points. Volume of 48.9.9 million shares, worth $162.8m, was light, with 66 rises and 71 falls. Trade was made thinner by the continued Covid-19 lockdown in Auckland […]

Finance Minister Grant Robertson defended the Government’s fiscal response to the Covid-19 pandemic and addressed concerns about New Zealand recovery path at an economics conference today. Speaking by livestream to the New Zealand Economics Forum at the University of Waikato, Robertson outlined the Government’s strategy to date. Echoing concerns raised by senior business leaders this […]

TOKYO/NEW YORK (Reuters) – Asian shares edged higher on Wednesday as investors shrugged off concerns that stocks may have rallied too far too fast in the past year, and focused instead on optimism that more imminent U.S. stimulus will energise the global economic recovery.FILE PHOTO: A woman holding an umbrella walks near an electric board […]

The New York Times is moving on from a legal challenge to Time over its Time 100 Talks events. The major news outlet last week agreed to dismiss a lawsuit it launched in November, challenging Time’s legal right to the name of its new event series. The two sides came to a settlement agreement in […]

CARACAS (Reuters) – Venezuelan intelligence services monitored six U.S.-based executives of state-owned refiner Citgo Petroleum for a year on U.S. soil to determine their involvement in a deal the government deemed fraudulent, leading to their 2017 arrest in Caracas on corruption charges, according to court testimony.FILE PHOTO: Venezuela’s President Nicolas Maduro speaks during a ceremony […]

NEW YORK (Reuters) – After a sharp sell-off last week, U.S. Treasuries have stabilized with bond market indicators and derivatives positioning pointing to near-term calm, but an improving economy could trigger another slide in their prices.FILE PHOTO: U.S. flags fly out in front of the New York Stock Exchange (NYSE) is seen in New York, […]

NEW YORK (Reuters) – Global equity markets were little changed on Tuesday and Wall Street opened slightly lower as investors paused to gauge whether a bond yield jump had run its course, while they monitored progress on the next U.S. fiscal stimulus.FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange […]

Kontoor Brands is picking up the pace during the pandemic.  The denim company, whose brands include Wrangler and Lee, said Tuesday that revenue for the fourth quarter of 2020 was $661 million, a one percent increase, while adjusted earnings per share for the quarter were $1.23, a 27 percent increase.   In the three months ended […]

FILE PHOTO: The eBay logo is pictured on a phone screen in this photo illustration July 23, 2019. REUTERS/Brendan McDermid/Illustration/File Photo OSLO (Reuters) – U.S. e-commerce group eBay and Norway’s Adevinta plan to sell three smaller British units in order to secure regulatory approval for a long-planned tie-up of their global classified ads businesses, the […]

PARIS (Reuters) – France’s Danone SA said on Monday its board has voted to separate the chairman and chief executive roles held by Emmanuel Faber, and launch the search for a new CEO following calls from several shareholders to shake up governance.FILE PHOTO: Emmanuel Faber, chief executive officer of French food group Danone, poses before […]