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Market close: NZ sharemarket rides strong Wall St momentum 4 May, 2021 05:43 AM 4 minutes to read The New Zealand sharemarket posted a gain of more than one per cent. Photo / File NZ Herald By: Graham Skellern The New Zealand sharemarket followed strong momentum on Wall Street by posting a gain of more than one per cent, and was powered by big moves from Mainfreight and a2 Milk. The S&P/NZX 50 Index rose 143.34 points or 1.12 per cent to 12,912.19, after falling to an intraday low of 12,767.04. There were 72 gainers and 50 decliners over the whole market on strong volume of 59 million share transactions worth $231.17 million. ....
1 Min Read (Reuters) - Commodities trading firm Hartree Partners has hired Kavan Mehta and Bobby Combs, both vice presidents for Tauber Oil Co’s carbon black feedstocks team, a source close to the matter said. The moves come after Robert Goldsworthy, previously Tauber Oil’s vice president of crude oil marketing, joined Hartree last month. Combs and Mehta started this week, the source said, and will trade carbon black feedstocks, a heavy hydrocarbon mixture typically used to make carbon black for automobile tires. Hartree Partners is a global energy and commodities firm privately held by its management and Oaktree Capital Management LP. ....
Crédit Agricole CIB appoints new head of Hong Kong business; Natixis expands global markets capabilities in Asia Pacific; and Cooley adds capital markets partner in Beijing. ....
NZ cheesemakers fight European Commission attempts to control halloumi 28 Apr, 2021 05:18 AM 3 minutes to read NZ cheese makers are concerned the EU wants to make halloumi unique to Cyprus. Photo / 123RF NZ cheese makers are concerned the EU wants to make halloumi unique to Cyprus. Photo / 123RF NZ Herald New moves by the European Commission to grant exclusive use of the term halloumi to cheesemakers from Cyprus has New Zealand cheesemakers concerned. Halloumi is a popular cheese for New Zealand consumers, with a thriving community of New Zealand cheesemakers delivering this product to New Zealand tables, Neil Willman, president of the Specialist Cheesemakers Association. ....
Jarden Brief: Cryptocurrencies surge on back of Biden s proposed tax hike 26 Apr, 2021 09:29 PM 5 minutes to read Biden s proposed capital gains tax would impact those earning over $1 million per year. Photo / Getty Images Biden s proposed capital gains tax would impact those earning over $1 million per year. Photo / Getty Images NZ Herald Coming Up Today: Investors should look out for the Bank of Japan interest rate review later today. In addition, the large Australian companies that will be releasing quarterly production reports include Oil search and diversified miner South32. New Zealand: INTERNATIONAL US Markets US markets were a mixed bag this morning with the S&P 500 and Nasdaq both trading higher by 0.3 and 0.8 per cent, respectively. The Dow Jones Industrial Average was down 0.1 per cent at the time of writing. ....