Business

Infratil bidding $700m for radiology chain

The acquisition-hungry Infratil has placed a A$700 million ($712m) bid for Australian radiology chain Qscan. Read More $300m data centres for Hobsonville, Silverdale Super Fund takes stake in Healthscope “The discussions are ongoing and incomplete and may not result in a transaction occurring,” the company said in a statement to the NZX. Infratil has placed […]

Business

Wall Street closes higher on U.S. fiscal stimulus bets

NEW YORK (Reuters) – Shares on Wall Street ended higher on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New […]

Business

Wall Street rises as hopes rise for U.S. fiscal stimulus

NEW YORK (Reuters) – Shares on Wall Street gained on Thursday in choppy trading, as investors cheered the prospect of more fiscal stimulus to support a pandemic-damaged U.S. economy, with more data pointing to a slowing labor market recovery.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York […]

Business

U.S. economy's 'trudge' continues as virus counts surge

(Reuters) – Weekly data on the U.S. recovery remained tepid as the coronavirus pandemic continued a fall surge across much of the United States.FILE PHOTO: Aerial view of people waiting in their vehicles for coronavirus disease (COVID-19) tests at a drive-thru testing site in the parking lot of Miller Park as the coronavirus disease outbreak […]

Business

Asian Garment Sector Struggles in COVID-19’s Wake

GENEVA — The COVID-19 pandemic crisis continues to “hit hard” the garment sector in major producing countries in the Asia-Pacific region —  including Bangladesh, Cambodia and Vietnam — due to the drop in global demand and the resulting delays or cancellations of orders and a collapse in garment exports, a report by the International Labor […]

Business

Asian investors prepare for choppy trade as U.S. stimulus talks drag on

NEW YORK (Reuters) – Asian investors prepared for rough trading on Thursday after a bumpy session on Wall Street amid fears that agreement on a key U.S. stimulus bill will not be reached until after the presidential election on Nov. 3.FILE PHOTO: A TV reporter stands in front of a large screen showing stock prices […]

Business

Visa Turns Android Phones Into Contactless Payment Terminals

Visa has a new solution for shops wary of handling cash. On Wednesday, the financial services company unveiled a new “Tap to Phone” product that can turn Android smartphones into contactless payment terminals. “The partners that we have, through our Visa Ready program, are able to download an app to their device and create, basically, […]

Business

Rocket Lab stands down Canon launch

UPDATE: After two delays, Rocket Lab has abandoned morning’s launch. The company tweeted, “We’re standing down from today’s attempt. Some sensors are returning data that we want to look into further. We have back up opportunities until Nov 3. Stay tuned for updates on new launch date!” Rocket Lab is counting down to its 15th […]

Business

Gull drops petrol prices by 20 cents

Petrol company Gull has launched a major promotion, slashing prices at the tank by 20 cents from 7am today. The promotion will run until 12pm on Friday Afternoon. The company says all fuel types will be included and that it’s an effort to say thank you to customers. Gull consistently runs petrol price discounts as […]

Business

Tesla is on track to report its first annual profit, but its growth may be slowing.

Tesla on Wednesday is expected to report a profit for the fifth consecutive quarter, putting it on track to report its only annual profit since its founding in 2003. But the company will also face questions about whether the strong sales growth it has enjoyed over the last few years is tapering off. Analysts believe […]