NEW YORK (Reuters) – The S&P 500 was down slightly in volatile trading while MSCI’s gauge of stocks across the globe was barely higher on Wednesday, pausing after recent gains, while the dollar dropped to two-week lows.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January […]
By Farah Hancock for RNZ Fonterra cleared the cows from 16 farms and is using the land to dispose of wastewater, which could be leaching a colourless, tasteless and odourless pollutant into private drinking water supplies. It was on his runs that Neville Ross first noticed cows were slowly disappearing from local farms. In 2017 […]
Landlords can’t use fixed-term tenancies to over-ride an end to no-cause termination from Thursday, a lawyer says. Harriet Krebs of K3 Legal in Auckland said landlords cannot rely on fixed-term tenancies, or even insist on them, to avoid the new limited termination rights under the new residential tenancy legislation. The Residential Tenancies Amendment Act 2020 […]
The Climate Change Commission’s advice to the Government calls for a major change to electricity generation, with more wind and low-emission geothermal and less coal and gas. But what about the high-emission geothermal? Although considered renewable, geothermal electricity generation does create carbon emissions, as gases which cannot be turned back into liquid are released into […]
Ground has been broken on a project that will see three giant data centres built in Auckland and north of Auckland, Microsoft New Zealand managing director Vanessa Sorenson says. The build is expected to run to hundreds of millions of dollars (Infratil-owned CDC has said its plan to build two “hyperscale” data centres in the […]
Under Armour’s restructuring efforts are beginning to pay dividends and Wall Street likes it. On Wednesday morning, the Baltimore-based sports brand reported net income for the period ended Dec. 31 rose to $184.5 million, or 40 cents a share, compared with a loss of $15.3 million, or 3 cents a share, a year ago. Total […]
As some prominent economists fret that the government might overdo its pandemic response and prompt prices to shoot higher, the nation’s top inflation fighter has a countermessage: Policymakers should stay focused on restoring full employment. “Given the number of people who have lost their jobs and the likelihood that some will struggle to find work […]
SINGAPORE – Temasek would not be what it is today without the courage and conviction of its outgoing chief executive Ho Ching, said chairman Lim Boon Heng on Tuesday (Feb 9). “She took bold steps to open new pathways in finding the character of the organisation, instilled in all of us a sense of the […]
LONDON (Reuters) – World shares rose to new all-time highs overnight and European indexes strengthened, with market sentiment generally upbeat on the prospect of fiscal stimulus and vaccine rollouts and ahead of a speech by U.S. Federal Reserve Chair Jerome Powell.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange […]
The Reserve Bank has gained the high-ground against Accellion, after the bank’s US technology partner refused to challenge RBNZ’s version of events. Yesterday, RBNZ Governor Adrian Orr alleged Accellion had dragged its feet alerting the banks and other clients about a vulnerability with its FTA file-sharing service – which led to sensitive documents being stolen. […]