There’s good news, of sorts, for Mitre 10 customers and franchisees as the hardware chain’s multi-day website outage grinds on. The company’s corporate office says the e-tail blackout is due to “technical issues” rather than a security breach that could…
Read MoreDollar softens amid bets other central banks to outpace Fed tightening
TOKYO (Reuters) – The dollar languished near the bottom of its recent range against major peers on Tuesday, knocked back by weak U.S. factory data overnight and on market wagers of faster normalisation of monetary policy in other countries.FILE PHOTO:…
Read MoreMitre 10’s website crashes: Customers frustrated as outage drags into third day
Some Mitre 10 customers have taken to social media to vent over a website outage that has now dragged on for days – making life difficult for Aucklanders locked down in level 3 who only have click-and-collect as a buying…
Read MoreS&P, Nasdaq enjoy boost from big tech firms, Dow dips
(Reuters) – The S&P and Nasdaq were gaining on Monday with a helping hand from heavyweight technology companies as investors appeared optimistic about the third-quarter earnings season.FILE PHOTO: Traders work on the main trading floor of the New York Stock…
Read MoreToyota to invest $3.4 billion on U.S. automotive batteries through 2030
WASHINGTON (Reuters) – Toyota Motor Corp’s North American unit said Monday it will invest about $3.4 billion (380 billion yen) on U.S. automotive battery development and production in the United States through 2030.FILE PHOTO: The Toyota logo is seen at…
Read MoreSaks Fifth Avenue e-commerce unit aims for IPO at $6 billion valuation – WSJ
FILE PHOTO: A Saks Fifth Avenue is pictured during the spread of the coronavirus disease (COVID-19) in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri(Reuters) -The e-commerce business of luxury department store Saks…
Read MoreChina faces challenges from 'mismanagement' at certain firms, says PBOC head
(Reuters) – China’s economy is “doing well”, but faces challenges such as default risks for certain firms due to “mismanagement”, the People’s Bank of China Governor Yi Gang said on Sunday.FILE PHOTO: Governor of People’s Bank of China (PBOC) Yi…
Read MoreCovid 19 Delta outbreak: Mark Fowler – Stagflation and the cost of Covid
OPINION: While we continue to try and assess the ongoing social and economic costs of this pandemic, inflation has become a key concern for financial markets as it broadens while growth recedes. This unusual mix is in part driven by…
Read MoreRussian billionaire eyes modular housing take-off
(BLOOMBERG) – Russian billionaire Sergey Gordeev, whose PIK Group surged nearly 140 per cent this year to become Europe’s most valuable home builder, thinks his industry is due for a disruption or risks going the way of petrol-guzzling cars and…
Read MoreLiam Dann: The $12b kitty the Govt has to help locked down Kiwis
OPINION: However tough the next few months are, New Zealand is not going broke. The good news is that the Government still has plenty of money to steer us through this challenging reopening phase. In fact, it can probably afford…
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