Wall Street on track for first back-to-back gain in six weeks
This comes off the back of the US$2 trillion deal signed off by Washington.
This comes off the back of the US$2 trillion deal signed off by Washington.
China's economy shrank dramatically the first quarter but is moving into recovery.
Investors are bracing for a wave of capital raisings as a result of Covid-19.
New Zealand shares rose for a second day.
The kiwi was trading at 58.39 US cents at 5pm.
NZ stocks opened strongly after Wall Street staged its biggest rebound since the GFC.
The word "unprecedented" isn't strong enough, writes Liam Dann.
The Government's move into lending is huge. Hugely risky, and hugely important.
The kiwi was trading at 57.81 US cents at 5pm.
American politicians can't agree on how US$2 trillion should be spent.
Financial Times: New measures extend a post-Lehman crisis legacy.
Investors are waiting for politicians to settle their differences over US$2 trillion aid.
The government today ratcheted up its response to Covid-19.
The kiwi was trading at 56.38 US cents at 5pm.
The market is in for another rough ride.
Markets will remain highly volatile as Covid-19 continues to spread around the world.
Food supply is causing unnecessary panic but credit markets are a more serious concern.
Z Energy has had a sharp fall from grace since late February.
How Covid-19 transitioned markets from peaks to unplumbed troughs in nine frantic days.
The Reserve Bank has stepped in to help smooth money markets.
Air New Zealand tumbling by a third after coming off a trading halt.
The kiwi was trading at 57.51 US cents at 5pm.
Fund maintains the best strategy is to keep buying, despite large fall in its size.
The market remains on edge as the virus continues to spread.
This week's emergency measures won't stop the fall, but they do provide a valuable buffer.
The dash for cash is causing major distortions in the NZ money market.