Business

Meridian hits back at Electric Kiwi claims, suggesting security payments are the issue

New Zealand’s largest electricity retailer has fired back at claims it refuses to agree terms to trade in the wholesale electricity market, suggesting the issue is security payments. At the end of April Electric Kiwi chief executive Luke Blincoe wrote to Energy Minister Megan Woods warning the company was focusing its resources on Australia because […]

Business

Sydney woman unable to buy house with $93k savings turns to bank of mum and dad

Keiran Mannion has been saving for her own home since she was 14 and scored her first job at McDonalds. During university, she worked four jobs including at a couple of cafes, and since graduating has taken up a role in PR. The 25-year-old saved a whopping $93,000 but it still wasn’t enough to buy […]

Business

China to explore cross-border payments in digital yuan

BEIJING (Reuters) -China’s central bank said on Friday it will explore cross-border payments in digital yuan, and is willing to discuss setting global standards for digital fiat currency to jointly develop the international monetary system.FILE PHOTO: A sign indicating digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway […]

Business

U.S. small caps waver as reflation trade wobbles

NEW YORK (Reuters) – Expectations that the U.S. economic rebound will slow in the second half are weighing on small cap stocks, forcing fund managers to look for companies that could continue to profit in a lower growth environment.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, […]

Business

Europe’s economic outlook has been clouded by the Delta variant.

By Eshe Nelson, Jack Ewing and Liz Alderman Across Europe, governments and businesses are maneuvering to try to stop a surge in coronavirus cases — driven by the rapid spread of the Delta variant — from hampering the continent’s recovery. For the past few months, the relaxation of pandemic restrictions and the growing ranks of the […]

Business

World shares steady, U.S. yields hover near lows ahead of fresh data

LONDON (Reuters) – Global shares held steady while U.S. Treasury yields hovered near multi-month lows on Friday, with markets looking to U.S. consumer data as the next test of the Federal Reserve’s dovish rates outlook.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleOil […]

Business

Euro zone inflation easing confirmed, trade surplus dips

BRUSSELS (Reuters) – Euro zone inflation slowed in June after a steady acceleration in the first months of 2021, official data confirmed on Friday, while the bloc’s trade surplus shrank in May due to a decline of exports.FILE PHOTO: People walk down the empty Hohe Strasse shopping district during a night-time curfew, amid the coronavirus […]

Business

Elyse Walker Heralds Luxury Rebound, Taps L.A.-based Hoorsenbuhs for Jewelry Shop-in-shop

L.A. retailer Elyse Walker has tapped Santa Monica brand Hoorsenbuhs for a fine jewelry shop-in-shop in her namesake Newport Beach store. The 360-square-foot space is located in the vault of the former bank building that Walker converted into a massive 12,000-square-foot multilabel luxury boutique in 2016. Started in 2005 by photographer Robert Keith and named […]

Business

Biden sees U.S. child tax credit as 'giant step' to counter poverty

WASHINGTON (Reuters) -Some 35 million American families have started receiving their first monthly payout from the U.S. government in an expanded income-support program that President Joe Biden said on Thursday could help end child poverty.FILE PHOTO: U.S. President Joe Biden flanked by President of McHenry County College Clint Gabbard and Senator Tammy Duckworth, speaks with […]

Business

Lucid Motors, an electric car company, is charging into Cherry Creek mall – The Denver Post

Another electric car company plans to silently pull into Denver’s Cherry Creek Shopping Center. Lucid Motors, which is based in the Bay Area, is planning to open a 3,184-square-foot showroom on the ground floor of the mall, according to permit filings. On its website, the electric car maker says a Denver “studio” is expected to […]