New unemployment data may seal next interest rate move

Labour data due this Wednesday will confirm whether unemployment has continued to fall. If it has, that will further strengthen the odds on the official cash rate being hiked by the Reserve Bank later this month, economists say. StatsNZ releases a range of second-quarter labour market data on Wednesday at

Ernie Newman: Supermarkets – the Telecom parallel

Like cracking open an egg and finding it rotten, the Commerce Commission has exposed in one dramatic report the ugly reality of market power abuse in our supermarket sector. And as with the smell of a rotten egg, every head has turned. Instantly, and correctly, comparisons were made with the

S.Korea July exports jump for ninth straight month, though pace slows

FILE PHOTO: Hanjin Shipping’s container terminal is seen at the Busan New Port in Busan, about 420 km (261 miles) southeast of Seoul, August 8, 2013. REUTERS/Lee Jae-WonSEOUL (Reuters) – South Korea’s exports jumped in July as overseas demand for chips and biohealth products extended export growth to a ninth

Dow, S&P futures rise as Fed stays dovish course; Ford jumps

(Reuters) – Futures tracking the Dow and the S&P 500 rose on Thursday as comments from the Federal Reserve that the U.S. economic recovery was on track lifted economically sensitive stocks, while Ford jumped after raising its profit outlook for the year.FILE PHOTO: A Wall Street sign is pictured outside

Co-founders of Fullerton Healthcare in legal spat over potential billion-dollar equity sale

SINGAPORE – The private equity specialist credited with transforming Singapore-based Fullerton Healthcare Corp (FHC) into an Asia-Pacific healthcare management firm is embroiled in a legal spat with his two partners in relation to its potential billion-dollar equity sale. Mr David Sin, a co-founder, group president and executive director of FHC,

Aeffe Takes Full Control of Moschino

MILAN — As brisk M&A activity continues to rock the Italian summer, Aeffe SpA on Wednesday revealed that it was raising its stake in Moschino to take full control of the brand. Investors liked the news, as Aeffe shares closed up 6.38 percent at 1.60 euros at the end of

McDonald's sales surge amid reopening despite staffing "challenges"

(Reuters) -Global sales and profit for McDonald’s Corp surged past Wall Street targets on Wednesday as restaurants reopened despite staffing shortages and consumers lapped up a wildly popular celebrity meal inspired by South Korean pop band BTS.Slideshow ( 2 images )The fast-food chain also raised its guidance for fiscal 2021,

Sheffield Forgemasters is nationalised to ‘secure supply of defence components’

One of the UK’s oldest steelmakers has been taken into public hands to secure the supply of components for the Ministry of Defence (MoD). Sheffield Forgemasters International (SFIL), which plays a critical role in the supply chain of the UK’s nuclear submarine fleet, had endured years of financial struggles. Sky

China's escalating property curbs point to Xi's new priority

BEIJING (BLOOMBERG) – After a years-long campaign to tame property prices, China is upping the ante to break a stubborn cycle of gains that has made homes increasingly unaffordable. In recent days, China raised mortgage rates in a major city, vowed to accelerate the development of government subsidised rental housing and

FMA censures Wellington financial firm FoxPlan for offering and providing unpermitted investment advice

A Wellington-based financial services firm has been censured by the country’s markets watchdog after unauthorised advice was offered to some of its clients. The Financial Markets Authority (FMA) said in a statement today it has formally censured FoxPlan Ltd after one of its nominated representatives provided services he was not