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Coronavirus: Nine days of pain on the markets
How Covid-19 transitioned markets from peaks to unplumbed troughs in nine frantic days.
How Covid-19 transitioned markets from peaks to unplumbed troughs in nine frantic days.
The Reserve Bank has stepped in to help smooth money markets.
Air New Zealand tumbling by a third after coming off a trading halt.
The kiwi was trading at 57.51 US cents at 5pm.
Fund maintains the best strategy is to keep buying, despite large fall in its size.
The market remains on edge as the virus continues to spread.
This week's emergency measures won't stop the fall, but they do provide a valuable buffer.
The dash for cash is causing major distortions in the NZ money market.
Tourism Holdings led the local market lower.
The New York Stock Exchange will temporarily close its historic trading floor.
The New Zealand sharemarket opened weaker after another decline on Wall Street.
But the milk processor says it is still seeing no operational impact from Covid-19.
The Aussie may fall further today if the Reserve Bank of Australia takes drastic action
Negotiations amid reports a queue of companies wanting to raise cash is forming.
NZ faces at least three quarters of negative growth, global recession now inevitable.
Crude oil prices have slumped again as Saudis dig in for showdown with Russia.
Business community looks to keeping customers and staff safe.
There was more optimism on Wall Street overnight.
Banks have long argued their strength is vital to society. Now's their time to prove it.
New Zealand shares recovered from an early selloff.
The kiwi was trading at 60.50 US cents at 5pm.
Kiwi dollar jumps on news of the package.
Financial Times: Hedge funds and speculators are selling liquid assets to cover losses.
The New Zealand sharemarket opened weaker after a 12 per cent fall on Wall Street.
Initially the Government focused on specific sectors; now its all about jobs it can save.
Volatility remains off the charts on international markets.
The NZX has reminded listed companies that it has circuit breakers available.
New Zealand shares fell lower as investors reacted to new requirements for travellers.