News

E-commerce giant Amazon supports the MORE Act to legalize cannabis i...

Summary Amazon disclosed that it would actively support the MORE Act for the federal legalization of marijuana in the US. The e-commerce behemoth...

A Red-Letter Day: Zespri Delivers Record Results, Introduces Zespri...

Being the largest marketer of kiwifruit across the globe, Zespri International Limited, which was founded in 1997, supplies high-quality Zespri Kiwifr...

Opinion: India will take years to wipe off the bruise marks wreaked...

As the second wave of the COVID-19 pandemic seems to be finally receding in India, the trail of tragedies that it has left behind is beyond imaginatio...

New Zealand’s Exports Drop, Oil and Logs Resist Trade Price Decline

New Zealand’s total exports of goods and services declined 16.5% to $72.6 billion in the year ended March 2021, as per the data released by Stat...

Explained: The pros and cons of using social media in the healthcare...

Summary Social media can be channelized in quite constructive ways to help the healthcare sector. Prudent use of social networking sites and platf...

NZ Government Comes Up With Funds to Support Flood-Hit Canterbury Re...

Kiwis residing in the Canterbury region of the South Island witnessed a complete inundation on Sunday when heavy downpours raised water levels and cau...

Zoom posts blockbuster earnings but cautious of slowdown

Summary Revenue almost triples; earnings up 9x The company expects slowdown going forth. Shares zoom in the aftermarket. The revenues of Zoo...

US Stocks Pull Back Amid Rising Oil Prices

US stock markets closed flat on Tuesday following a lacklustre session as investors took cues from the rising international oil prices that can potent...

US Oil Prices Soar As Summer Kicks In

Summary Oil prices are expected to rise further in the US as demand is set to increase with the onset of summer when Americans typically embark on...

The Fickle Beast: The Problem with Bitcoin

In Darren Aronofsky’s urban horror film -  Requiem for a Dream – the two lead characters -  played by Marlon Wayans and Jared Le...

ANZ Business Outlook for May indicates stressed New Zealand economy

ANZ Business Outlook Survey analyses the course of the economy in the next year and shows how business confidence is stacking up, what export sales ar...

APAC markets mixed; ASX200 drops 0.33% ahead of RBA decision

Summary The APAC markets are trading on a mixed note. Private survey shows Chinese factory activity expanding in May. Investors await interest ra...

What does the US budget mean for cryptocurrencies?

Summary US President Joe Biden’s budget proposal, released on Friday, includes new reporting requirements for crypto investors, which means t...

Van Dairy sells 12 Farms to Australian Dairy Investment Manager

Summary 12 farms from Van Dairy sold to the Australian investment entity. The Company was previously facing environment-related issues. Tasmania...

New Zealand’s new dwelling approvals stay strong in April

As per the latest building consent data released by Stats NZ, the number of new homes consented monthly in April 2021 rose 84% as compared to April 20...

Why Do Markets Not React Much To GDP Data?

The COVID-19 pandemic wreaked havoc last year, turning the world upside down. While the world economy was probably hammered with one of the worst rece...

New Zealand dollar up after RBNZ signalled rate hikes next year

NZD/USD kept see-sawing around $0.7257 on Monday, putting it on the course for a monthly gain of over 1.3% after the RBNZ signalled rate hikes as earl...

RBNZ Publishes Results of Data Breach Review

RBNZ was the target of the cyberattack on the third-party file sharing application it had utilised for the purpose of keeping and sharing data during...

Mixed open for APAC markets; China’s PMI data out

The equity markets across the Asia Pacific (APAC) region were a mixed bag on Monday, as China reported less-than-expected growth in its manufacturing...

COVID-19: The Latest World Wrap-Up

Summary Asian countries still deep under the COVID-19 fire. The US hits an all-time low COVID-19 infection rate. Efforts being made by government...