Sharemarket rallies as soft kiwi buoys exporters; RBA holds
Delegat surged on upgraded earnings guidance. Ebos takes a hit.
New Zealand’s S&P/NZX 50 index gained in a mixed day across Asia as investors digested policy moves from the Reserve Bank of Australia and Bank of Japan, with rates kept unchanged across the Tasman and hiked in Japan.
Exporters such as Fisher & Paykel Healthcare and Skellerup Holdings were buoyed by the weaker kiwi dollar, with Statistics New Zealand’s partial inflation reading ...MORE»
NZX50 climbs 1.8% this week on prospect of Middle East peaceFriday, June 12th, 7:02PM
The countdown is on to SpaceX’s debut. MORE» |
NZX50 climbs 1.8% this week on prospect of Middle East peaceFriday, June 12th, 7:02PM
The countdown is on to SpaceX’s debut. MORE» |
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NZX50 climbs 1.8% this week on prospect of Middle East peace
The countdown is on to SpaceX’s debut.
New Zealand’s S&P/NZX 50 index ended the week on a strong note as the US and Iran moved closer to a potential ceasefire after President Donald Trump called off planned strikes and said a deal could close as early as this weekend, pushing oil prices lower and reviving investors’ demand for riskier assets.
That comes ahead of the much-anticipated SpaceX debut after it raised US$75 billion ...MORE»
NZX50 climbs 1.8% this week on prospect of Middle East peaceFriday, June 12th, 7:02PM
The countdown is on to SpaceX’s debut. MORE» |
Simplicity in no hurry to buy SpaceX sharesFriday, June 12th, 11:49AM
The Simplicity KiwiSaver Scheme won’t have to immediately buy shares in Elon Musk’s SpaceX within days of its float on Friday because the index it follows has decided against fast-tracking the stock entry. MORE» |
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News Bites
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Summit to examine financial advice policy, regulation, and professional standards
Financial Advice New Zealand is launching an Advice Policy Summit in conjunction with the Financial Planning Standards Board Asia Pacific Forum. MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
SpaceX and the South Sea bubble - the historical parallels
The proposed IPO of SpaceX at a valuation reportedly approaching US$1.8 trillion prompts comparison with one of history's greatest speculative manias. MORE»
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FMA warns insurers over incentives
The Financial Markets Authority is warning insurers about short-duration campaigns and other incentives. MORE»
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TMM Online
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ANZ CEO to retire
ANZ NZ CEO Antonia Watson to retire; Ben Kelleher to take over. MORE»
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TE adds independent directors
Trustees Executors appoints two new Independent Directors to board. MORE»
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Adviser complains about KiwiSaver campaign
[UPDATED - ASB response] A financial adviser worried about ASB’s marketing campaign for its KiwiSaver schemes has taken his complaint to the Financial Markets Authority. MORE»
