The Reserve Bank of New Zealand has raised the official cash rate for the second time this year, forging ahead with a policy tightening cycle.
Local stocks are poised to open higher despite a neutral lead from Wall Street.
Apple Inc has approved another $US30 billion ($32 billion) in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.The company also approved a roughly 8 per cent increase in its quarterly dividend to $US3.29 per share.
Facebook said Chief Financial Officer David Ebersman is leaving as sales and profit blew past analysts' estimates. Ebersman is stepping down later this year, to be succeeded by David Wehner, who joined from Zynga in 2012, the California-based company said today in a statement.
US stocks declined, halting the Standard & Poor's 500 Index's longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.The S&P 500 fell 0.2 per cent to 1,875.39 at 4pm. in New York. .
Shares in Australian pharmaceutical firm QRxPharma have plummeted 80 per cent in a major shareholder revolt after the company failed to win regulatory approval for its painkiller drug MoxDuo to be released in the US.
Wednesday's March quarter consumer price index result is a get-out-of-jail card for the markets, the Reserve Bank and the Australian government as it prepares a budget for 2014-15 that will walk a razor's edge.
Unilife, the retractable syringe maker headed by colourful Irishman Alan Shortall, has finally hit back at ''malicious blogs'' by ''short sellers'' who accused it of hiring PR companies to write glowing articles about the company.
After leaving investors in the dark for almost two weeks, iron ore tiddler Padbury Mining has confirmed Roland Bleyer and his ''private equity'' network of companies are the mystery funders behind its $6.4 billion deal to finance the stalled Oakajee port and rail project.