NZ sharemarket rocked by US inflation data
The New Zealand sharemarket bore the brunt of hotter-than-expected inflation data in the US that saw bond yields rise and more angst over the timing of any interest rate cuts.
The S&P/NZX 50 Index initially held up over the morning session but fell during the afternoon to close down 141.34 points, or 1.18%, at 11,805.
There were 93 decliners and 42 gainers over the whole market on volumes of 27.52 million share transactions worth $111.78m.
Harbour Asset Management portfolio manager Shane Solly said plenty of factors are in play with the local market taking its main ...MORE»
Flint: The platform of mysteryFriday, April 26th, 1:03PM
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Mint engagement backs battle against child pornThursday, April 25th, 6:49AM
As part of its engagement programme, Mint Asset Management has been talking to internet service providers about combatting the growing problem of child sexual abuse material (CSAM). MORE» |
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Veteran financial adviser offers new coaching service for financial advisers
There’s a saying that old dogs never die - they simply fade away. Long-time financial adviser David Pine from Wellington has finally put away his insurance tools but doesn’t intend to fade away just yet. MORE »
Kip Hanna – NZHL Group a Year on
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Refreshed liquidity guidance a step forward
Updated guidance from the Financial Markets Authority on how fund managers and supervisors can effectively manage liquidity has been welcomed by the boutique investment group (BIG).
Simon Haines, chair of BIG which represents most of the non-bank fund managers, says the new guidance which updates the 2020 version reflects a step forward in what will undoubtedly be an ongoing conversation between the FMA and industry as to the best way to consider liquidity.
“What was good about the guidance was the combination of the FMA providing a clear list of tangible matters ...MORE»
Mindful Money Announces 2024 Conference and Awards: Mainstreaming Impact and Celebrating Excellence in Ethical and Impact InvestingWednesday, April 24th, 10:33AM
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Updated expectations on liquidity risk managementTuesday, April 23rd, 2:21PM
The Financial Markets Authority has updated guidance for fund managers and supervisors on effective liquidity risk management (LRM) including KiwiSaver redemptions. MORE» |
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Would-be scammer convicted after running one of biggest pyramid schemes in NZ
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[GRTV] A trip around investment issues with MyFiduciary’s Chris Douglas
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Op-ed: Cost of living issues open options for advisers
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Best and worst KiwiSavers according to Consumer
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