New Zealand markets closed
  • Business
    Australian Associated Press

    Comms stocks drag down Nasdaq, S&P

    The S&P; 500 and Nasdaq have closed lower as disappointing quarterly reports from Snap Inc and Intel Corp put pressure on the communications and technology sectors and investors turned skittish as Federal Reserve chair Jerome Powell discussed stimulus tapering.The Dow managed to end Friday with a record closing high for the first time since August 16, but all three indices had lost ground in morning trading while Powell was speaking but went on to pare losses in a choppy session.

  • Business
    Australian Associated Press

    Transurban tollways recovering from COVID

    Transurban says there are signs motorists will quickly return to toll roads in Sydney and Melbourne after coronavirus rules stymied first-quarter traffic.In the first week of eased restrictions this month, the company's Sydney toll roads had the most traffic since late June.

  • Business
    Australian Associated Press

    Stocks stall, oil cools, Evergrande falls

    World stocks have slipped as the upbeat mood that carried the Dow Jones and bitcoin to records a day earlier ran out of steam, while a pause in the oil rally stalled rising global bond yields.Turkey's lira was backsliding towards record lows with the central bank expected to chop its interest rates again later and China Evergrande was back in the firing line after it had been forced to abandon a $2.