Business

Exclusive-Warburg Pincus seeks $16 billion for private equity fund -sources

FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File Photo/File Photo/File Photo(Reuters) – Warburg Pincus LLC is seeking to raise $16 billion from investors for its latest flagship global private equity fund, its biggest ever, according to […]

Business

Dollar index climbs after U.S. retail sales show surprise rebound

NEW YORK (Reuters) – The dollar rose and hit its highest level in nearly three weeks against a basket of currencies on Thursday after data showed U.S. retail sales unexpectedly increased in August, easing some concerns about a sharp slowdown in economic growth.Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan […]

Business

DBS Private Bank's assets under management more than double to $10 billion over past year

SINGAPORE (THE BUSINESS TIMES) – DBS Private Bank on Thursday (Sept 16) said its client assets under management (AUM) for its in-house managed investment products has more than doubled to $10 billion over the past year. The demand surge reflects “buoyant client confidence” in the bank’s investment views, DBS Private Bank said in a statement […]

Business

New Zealand's economy surges in Q2, supporting rate hike call

WELLINGTON (Reuters) – New Zealand’s economy grew at a much faster pace than expected in the second quarter, officials said on Thursday, reinforcing views that the central bank will start raising interest rates despite a recent outbreak of the coronavirus.FILE PHOTO: An empty street is seen as a lockdown to curb the spread of cases […]

Business

Wall Street subdued as China data adds to growth doubts

NEW YORK (Reuters) – Global shares were off slightly on Wednesday as cooling inflation eased some fears of an early reduction in monetary stimulus, while a slowing economic recovery and uncertainty over higher taxes kept gains in check.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York […]

Business

Health insurer Southern Cross makes bumper $52.5m surplus but won’t be reducing premiums

Southern Cross Medical Care Society won’t be reducing the premiums it charges for insurance despite making a bumper surplus of nearly $53 million for its 2021 financial year. But the non-profit parent of Southern Cross Health Insurance – the country’s largest health insurer, says it could mean slower growth in premiums in the future. Southern […]

Business

ARK Invest's Wood expects market rotation back to growth stocks

Cathie Wood, founder and CEO of ARK Investment Management LLC, speaks during the Skybridge Capital SALT New York 2021 conference in New York City, U.S., September 13, 2021. REUTERS/Brendan McDermidNEW YORK (Reuters) – Star stock picker Cathie Wood of ARK Invest on Tuesday reiterated her call that slowing economic activity in the United States will […]

Business

Vacancies are at a record high: Which sectors have the biggest gaps to fill?

Job vacancies in the UK have surged over the summer to an all-time high of over one million – and all industry sectors saw an increase, according to the Office for National Statistics (ONS). But which sectors have the biggest gaps? The ONS measures how many vacancies each had for every 100 employee jobs in […]

Business

Market close: Fisher and Paykel Healthcare drives down NZ sharemarket

Heavyweight Fisher and Paykel Healthcare almost single-handedly drove the New Zealand sharemarket down nearly half a per cent as health stocks were hit overseas. The S&P/NZX 50 Index fell 62.28 points or 0.47 per cent to 13,108.61, after reaching an intraday high of 13,178.47. There were 62 gainers and 67 decliners over the whole market, […]

Business

Covide 19 Delta outbreak: Auckland businesses in lockdown urge government to consider loans and lease schemes

By RNZ Auckland businesses are suffering under continued lockdowns and many will not survive this one without more support, business network leaders say. They say the government should consider financial support schemes like interest-free loans or some kind of commercial lease support. The government yesterday announced an in-principle decision for Auckland to move to level […]