Investors should understand Pacific culture first

New Zealand needs to attract $40 million for a fund that will enable projects targeting climate change, sustainability and covid-19 recovery in the Pacific.

But, Pacific Cooperation Foundation Project Manager David Vaeafe said it's important the Pacific way is acknowledged, and the fund has the potential to do a lot of long term good.

Samoa Business Network hosts business trip to Samoa

The Samoa Business Network will host its first official business trip to Samoa with a delegation of 10 potential investors from New Zealand, Australia, USA, Fiji/NZ and American Samoa.

It will also mark the first official business delegation back to Samoa led by the new Samoa (NZ) Trade Commissioner le afioga Magele Mauiliu Magele.  Magele took up the appointment earlier this year after his predecessor Fonoti Dr Lafitai Fuatai finished his term.

US stocks rise, led by energy stocks as oil prices climb

Nine of the 10 industry groups in the Standard and Poor's 500 index gained. Energy and financial stocks rose most. Chipmaker Atmel jumped after accepting a bid from Britain's Dialog Semiconductor.

KEEPING SCORE: The Dow Jones industrial average climbed 90 points, or 0.6 percent, to 16,471 as of 12:24 p.m. Eastern time. The Standard & Poor's 500 index rose seven points, or 0.4 percent, to 1,965 and the Nasdaq composite gained one point, or less than 0.1 percent, to 4,828.

US stocks open lower as Fed uncertainty weighs on markets

The Dow Jones industrial average fell 207 points, or 1.2 percent, to 16,462 as of 9:35 a.m. Eastern time Friday.

The Standard & Poor's 500 dropped 21 points, or 1.1 percent, to 1,968 and the Nasdaq composite declined 55 points, or 1.1 percent, to 4,838.

Financial stocks, which would benefit from higher interest rates, dropped the most in early trading.

Investment company members on trial in Samoa

The police say more than $US50,000 is alleged to have been involved in the operation, and the trio were arrested before they were able to board a flight to leave the country.

The names of the three defendants on trial this week are suppressed.

The court heard from a witness at the Central Bank of Samoa's foreign exchange division, that the defendants had requested help to transfer money overseas.