Business

Market close: Solid company results fail to please investors

The New Zealand sharemarket is presently proving hard to please. Solid company results continue to flow through, and instead the market has shrugged its shoulders and neared correction territory with its 13th drop in 16 trading days this month. The S&P/NZX 50 Index was down 37.39 points or 0.3 per cent to 12,388.84, just short […]

Business

Australian media company does deal with Google, Facebook; Govt closes in on ‘significant’ media pay day

Seven West Media has become the largest Australian news media business to strike a deal with Google to pay for journalism in a partnership announced on Monday before the nation’s Parliament considers draft laws to force digital giants to pay for news. Google and the publicly listed broadcast television, print and online publishing company jointly […]

Business

U.S. stocks in 2020: a year for the history books

NEW YORK (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.FILE PHOTO: Raindrops hang […]

Business

U.S. stocks in 2020: a year for the history books

NEW YORK (Reuters) – The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.FILE PHOTO: Raindrops hang […]

Business

Wall Street rallies as investors eye split U.S. Congress

(Reuters) – U.S. stocks jumped on Thursday as investors bet Republicans would hold onto the Senate and prevent changes under a possible Joe Biden White House that would crimp corporate profits.A U.S flag is seen on the New York Stock Exchange in the Manhattan borough of New York City, two days after the 2020 U.S. […]

Business

S&P 500 reclaims Feb highs, then retreats

(Reuters) – The S&P 500 reclaimed record highs last seen before the onset of the coronavirus crisis in February on Tuesday, before retreating on doubts about the outlook for a U.S. economy that is still struggling to recover. The S&P 500 was up at 3,394.99 points at 09:48 a.m. ET, topping the high of 3,393.52 […]

Business

GM should repay $60 million in state tax credits: Ohio AG

WASHINGTON (Reuters) – Ohio Attorney General Dave Yost said Tuesday that General Motors Co should repay $60 million in state tax credits after it closed its Lordstown Assembly plant in March 2019. In a brief to the Ohio Tax Credit Authority, Yost said GM in 2009 agreed to maintain operations at its northeast Ohio plant […]