Sharemarket News

Turners Maintains FY20 Profit Guidance: Focus on C-19 Plan
1 Apr, 10:15am
Despite a heavily disrupted March, Turners still expect the FY20 result to be within previously stated guidance of... More »

Urgent Demand for Medical Equipment Is Making Air Cargo Fees ‘Absolutely Crazy’
31 Mar, 10:36am
Urgent demand for medical equipment to fight the coronavirus has sent the cost of chartering aircraft skyrocketing and turned a typically humdrum process into an ultra-competitive auction... More »

J&J and Abbott announce potential coronavirus vaccine and rapid test
31 Mar, 10:09am
US healthcare groups bring hope in race to fight Covid-19 pandemic  ... More »

A Global Consumer Default Wave Is Just Getting Started in China
30 Mar, 3:59pm
Like millions of people around the world, Zhang Chunzi borrowed money she thought she’d be able to repay before the coronavirus changed everything... More »

HALLENSTEIN GLASSON HOLDINGS LIMITED UNAUDITED RESULTS FOR 6 MONTHS ENDED 1 FEBRUARY 2020
30 Mar, 2:13pm
The Company advises that Group sales for the six months to 1 February 2020 were $160.27 million,... More »

After Coronavirus, We Will Have to Reckon with the Debt
30 Mar, 1:13pm
Moral hazard is dead. Central banks have printed record amounts of money to save financiers and allow indebted governments to keep spending. Inflation is inevitable... More »

Tobacco is not essential for life - ARFNZ
27 Mar, 12:47pm
Asthma and Respiratory Foundation NZ (ARFNZ) is outraged by a government decision declaring the tobacco industry as essential during the COVID-19 lockdown, and are calling for the decision to be reversed immediately... More »

Coronavirus Shows Cash Is King, Even for Biggest U.S. Companies
26 Mar, 11:40am
Pandemic is hitting nearly every business, but not all of them were equally prepared for the sudden economic slowdown   ... More »

Stocks Keep Rising After Dow's Best Day in 87 Years
26 Mar, 10:56am
Dow industrials climb as Boeing, energy sector lead stocks higher... More »

Kudlow Projects Coronavirus Aid Package to Reach $6 Trillion
25 Mar, 3:02pm
White House economic adviser Larry Kudlow on Tuesday projected that the total economic stimulus to be enacted by the federal government will reach $6 trillion... More »

Beware, Asia Stock Rallies Can Be Just Bear-Market Bounces
25 Mar, 12:08pm
Even though Asia stocks are rebounding Tuesday, market watchers are still cautious: sentiment, liquidity and earnings could get much worse if the economic damage caused by the virus outbreak is anything close to the global financial crisis... More »

Dow Surges Most Since 1933 on Stimulus Deal Hopes
25 Mar, 11:02am
U.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak... More »

Dow Surges Most Since 1933 on Stimulus Deal Hopes
25 Mar, 10:59am
U.S. stocks had the best day in almost a dozen years as investors rediscovered their appetite for risk with Congress closing in on an unprecedented spending bill to prop up the slumping economy. The dollar halted a 10-day winning streak... More »

NZ dollar rebounds on central bank, govt moves to calm markets
24 Mar, 5:21pm
The New Zealand dollar rebounded after the US Federal Reserve announced an unprecedented and limitless money printing programme to try to calm financial markets, and after New Zealand's government announced guarantees to banks to lend to small to medium-s... More »

Gold Rallies as Goldman Sees Inflection Point After Sell-Off
24 Mar, 4:44pm
Gold extended a surge toward $1,600 an ounce after the Federal Reserve took unprecedented measures to protect the U.S. economy from the coronavirus shock, with Goldman Sachs Group Inc. saying bullion’s probably at an inflection point and it is time... More »

Australia Passes Massive Stimulus Measures as Virus Spreads
24 Mar, 3:20pm
Australia’s parliament rushed through more than A$80 billion ($46.3 billion) in fiscal stimulus for the coronavirus-stricken economy at a special sitting in Canberra on Monday... More »

U.S. Futures Climb After Stocks Hit Three-Year Low
24 Mar, 1:15pm
U.S. futures climbed in early Asian trading Tuesday after Wall Street benchmarks closed at their lowest in more than three years. The dollar slipped against major peers... More »

Johnson Puts U.K. in Lockdown to Tackle ‘National Emergency’
24 Mar, 11:32am
The U.K. will go into lockdown from Monday night after Boris Johnson ordered sweeping measures to stop people leaving their homes “at this moment of national emergency.”... More »

Fed Unleashes Unprecedented Measures to Shore Up Reeling Economy
24 Mar, 9:45am
The Federal Reserve, racing again to contain mounting economic and financial-market fallout from the coronavirus, unveiled a sweeping series of measures that pushed the 106-year old central bank deeper into uncharted territory... More »

New Zealand Going Into Nationwide Isolation to Battle Virus
23 Mar, 5:08pm
New Zealand will go into a nationwide lockdown within two days as the government takes radical steps to limit the spread of coronavirus... More »