New Zealand markets closed
  • Business
    Australian Associated Press

    Beware 'pump and dump' stock campaigns

    People are increasingly using social media to "pump and dump" shares while other participants are left with heavy losses.Financial watchdog ASIC said more attempts were being made to co-ordinate share price increases, which could be illegal market manipulation.

  • Business
    Australian Associated Press

    Stocks shrug off hawkish Fed

    World markets have rallied after the US Federal Reserve confirmed plans to start reeling in stimulus, Norway became the first rich economy to raise rates since COVID struck and China Evergrande shares leapt ahead of a crucial debt payment.European stocks were up 1 per cent in early trading as they pushed for a third straight day of gains, and Norway's crown rose 0.

  • Business
    Australian Associated Press

    Lew wants virus checks at mall entry

    Premier Investments boss Solomon Lew has called on shopping centre owners to take more responsibility for coronavirus safety and check visitors on entry.The retail kingpin outlined his concerns about the threat to shoppers and workers on the same day Smiggle and Peter Alexander helped strong full-year earnings.