Economists say New Zealand could skip the double-dip recession. Kiwis resumed their post-Covid spending spree through the summer months, buying up surfboards and other outdoor recreational goods to enjoy their holidays at home. Higher spending on electronic items and outdoor recreational goods helped boost overall spending in the March 2021 quarter, Stats NZ said today. […]

SINGAPORE – The past year has been one like no other. The outbreak of the pandemic has caused people to rethink the way they live, work and invest. A recent HSBC Asset Management survey of 250 investors and 400 advisers in Hong Kong, mainland China, Singapore and Britain found that 68 per cent of investors […]

The president’s $1.7 trillion proposal cuts $500 billion from his initial plan, but it does little to resolve difficult questions of how to offset the spending. By Jim Tankersley and Nicholas Fandos WASHINGTON — The Biden administration sent Senate Republicans an offer on Friday for a bipartisan infrastructure agreement that sliced more than $500 billion […]

There was big growth in account balances during the pandemic, but some states are offering promotions to attract even more savers. By Ann Carrns Special college saving programs known as 529 plans have been around for more than two decades, and have become cheaper and more flexible over the years. But families should still do […]

The New Zealand sharemarket was in a punishing mood. My Food Bag, Ryman Healthcare and fellow retirement village operator Oceania Healthcare produced decent annual results but their share prices went backwards. Instead it was left to the longtime market darlings Fisher and Paykel Healthcare and a2 Milk to keep the market steady. The S&P/NZX 50 […]

PARIS — Dufry Group, the world’s largest travel-retail operator, noted a gradual improvement in business, as its sales in the first quarter of 2021 declined 68 percent versus the same prior-year period, due to the ongoing impact of the coronavirus. In the three months ended March 31, Dufry’s sales reached 460.3 million Swiss francs, or […]

Ralph Lauren Corp. is back in growth mode and ready to move on.   There’s a new world to be won now that the coronavirus is waning in key markets.  Patrice Louvet, president and chief executive officer, told WWD the company has reset during the pandemic — cutting costs, focusing in on its powerhouse namesake brand […]

LONDON (Reuters) – Europe’s stock markets saw a tentative rebound on Thursday and bitcoin bounced more than 12% after one of its spectacular smashes, though tapering talk from the U.S. Federal Reserve kept bond markets under pressure.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. […]

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo(Reuters) – Wall Street’s main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession. The Dow Jones Industrial Average rose […]

It’s been a long time coming for “Space Jam” fans. Twenty-five years after Michael Jordan and his Looney Tunes teammates tore up the court, “Space Jam: A New Legacy” opens July 16 in theaters and streaming on HBO Max, starring LeBron James, Don Cheadle as evil computer algorithm AI-G Rhythm, Zendaya as Lola Bunny and […]