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Macquarie bid puts Vocus NZ listing in doubt; Infratil in the frame


Macquarie bid puts Vocus NZ listing in doubt; Infratil in the frame
9 Feb, 2021 04:30 AM
7 minutes to read
The possible $722m listing of Vocus local operation on the NZX is up the air - because it s Australian owner could be bought out.
Vocus NZ, whose brands include Orcon and Slingshot, is our third-largest
broadband provider and in line for a customer spike - having recently been named as Sky TV s partner for its pending broadband service.
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Vocus Group s ASX-listed shares spiked 13 per cent to A$4.94 yesterday after the company confirmed in a filing that it had received a non-binding bid from Macquarie Infrastructure and Real Assets Management of $5.50 a share - valuing it at A$3.4 billion or a 25 per cent premium over its previous price of A$4.38. ....

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PH garment exporters to petition EU over possible scrapping of tariff privileges


SunStar
PH garment exporters to petition EU over possible scrapping of tariff privileges
POTENTIAL LOSS. The potential loss of tariff advantages offered by the European Union to the Philippines could harm garment exports, an industry that is already heavily battered by the Covid-19 pandemic. (SunStar file)
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February 07, 2021
THE Philippine garment industry is preparing to petition the European Commission, asking it not to consider calls for the country to lose its Generalized Scheme of Preferences Plus (GSP+) access to European Union (EU) markets.
The call follows a resolution adopted by the European Parliament in late September calling on the European Commission to temporarily withdraw the Philippines’ access from the scheme because of human rights abuses. ....

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U.S. Stocks Finish Best Week Since November--Update


By Paul Vigna and Caitlin Ostroff
U.S. shares rose Friday, with the S&P 500 notching its best week since November, as investors pivoted to focus on a possible new stimulus package and shook off some of the razzmatazz in individual stocks that marked the previous month of trading.
The Dow Jones Industrial Average gained 92.38 points, or 0.3%, to 31148.24. The S&P 500 climbed 15.09 points, or 0.4%, to 3886.83, setting a second consecutive record high. The benchmark rose 4.65% this week, its biggest one-week gain since the week ending Nov. 6.
The tech-heavy Nasdaq Composite rose 78.55 points, or 0.6%, to 13856.30. It also hit a record high and had its best week since Nov. 6. ....

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