Rebecca Stevenson

2 weeks ago | businessdesk.co.nz | Rebecca Stevenson |Graham Skellern

By Danny Kemp with Sam Davies in BeijingUS President Donald Trump abruptly paused tariffs on most countries Wednesday after admitting they made the markets nervous but doubled down on a brutal trade war with superpower rival China.Wall Street stocks rocketed to close solidly higher Wednesday, with dramatic advances on all three major indexes.

1 month ago | businessdesk.co.nz | Rebecca Stevenson |John Anthony

By Anuchit Nguyen, with assistance from Cecilia YapThailand plans to halve to 30 the number of days it allows foreign tourists to stay without visas as the nation cracks down on travellers exploiting the waiver to engage in illegal businesses, according to Tourism and Sports Minister Sorawong Thienthong.Since July 2024, Thailand has allowed passport holders from 93 countries to enter the country for tourism for a period not exceeding 60 days.

1 month ago | businessdesk.co.nz | Graham Skellern |Gregor Thompson |Rebecca Stevenson |Ian Llewellyn

Blue-chip stocks were back in favour as the New Zealand sharemarket, looking a little undervalued, closed the week with a broad-based rally of nearly 0.5%. The S&P/NZX 50 Index had strong momentum in the afternoon and closed at 12,113.54, gaining 58.82 points or 0.49% after reaching an intraday high of 12,188.31. The index was down 1.25% for the week and has fallen more than 7.6% for the year so far.

1 month ago | businessdesk.co.nz | Graham Skellern |Rebecca Stevenson |Rebecca Howard

The New Zealand sharemarket reached its lowest level in nine months, with another 0.7% fall, following a month-long rout on Wall Street.The S&P/NZX 50 Index again weakened in the afternoon and closed at 12,076.85, down 89.29 points or 0.73% – surpassing the mark of 12,058.29 set on July 11 last year. The index has been falling since it reached 13,068.93 points on Feb 17. There was heavy trading in market leader Fisher & Paykel Healthcare, which declined 65c or 1.98% to $32.15.

1 month ago | businessdesk.co.nz | Rebecca Stevenson |Rebecca Howard |Ian Llewellyn

The Takeovers Panel is investigating whether NZME shareholders are acting in concert to remove the media company’s board. The panel’s (TP) chief executive, Andrew Hudson, said the matter was under active consideration and made no further comment. Expatriate businessman Jim Grenon has put forward a proposal to replace NZME’s board and nominated himself and three others to join the board at the New Zealand Exchange-listed (NZX) company’s annual meeting in April.