Market close: NZ sharemarket hits nine-week low as inflation fears rattle investors
19 May, 2021 05:47 AM
4 minutes to read
The New Zealand sharemarket fell more than one per cent. Photo / NZME
NZ Herald
By: Graham Skellern
Inflation fears again rattled the nervous New Zealand sharemarket which hit a nine-week low after falling more than one per cent. The S&P/NZX 50 Index closed at 12,296.74, down 131.87 points or 1.06 per cent, and reaching levels seen in early March. The index, like it has done all week, climbed in the morning to 12,435.91 points but at lunchtime it followed the Australian ASX market sharply down.
The S&P/ASX 200 Index had fallen 2.02 per cent to 6923.10 points at 5.45pm (NZ time), and that index has lost 1.73 per cent in the last five trading days, though it s still 3.48 per cent above its 52-week high.
Prince Phillip funeral: Otago couple s son one of three to perform hymns
18 Apr, 2021 07:20 PM
3 minutes to read
Former Dunedin tenor Nick Madden performs at the funeral of Prince Philip at St George s Chapel on Saturday. Photo / Supplied
Former Dunedin tenor Nick Madden performs at the funeral of Prince Philip at St George s Chapel on Saturday. Photo / Supplied
Otago Daily Times
As viewers around the globe tuned in for the funeral of the Duke of Edinburgh, one Otago couple was more nervous than most.
Robyn and Richard Madden s son, Nick, was one of three lay clerks of the St George s Chapel Choir to perform hymns at the Windsor service on Saturday.
Maersk starts moving empty containers south to nervous exporters as supply chain troubles get an industry airing
16 Mar, 2021 04:34 AM
4 minutes to read
Tauranga first and last calls for first rotation in new container shipping service. Photo / Supplied New Zealand s acute container shortage should start easing a little soon as a new Maersk shipping service loads hundreds of empty containers at the Ports of Auckland, bound for anxious exporters in the South Island.
The container vessel the Seaspan Hannover is one of two ships on the new Sirius Star service, which will bring international imports, including refrigerated containers, picked up in Southeast Asia to New Zealand and move empty containers to South Island ports.