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BusinessDesk - Latest News [Page 355]
Arvida to raise $77 mln in rights issue
Tuesday, 12 September 2017, 12:28 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Arvida Group plans to raise $77 million in a discounted rights issue to help pay for three new retirement villages it says will boost annual earnings by 8 percent. More >>
Fonterra pressed to provide details on Beingmate investment
Tuesday, 12 September 2017, 12:06 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Fonterra Cooperative Group owes holders in its Fonterra Shareholders Fund units a "more fulsome" update on Beingmate, the struggling Chinese infant formula producer and distributor that Fonterra uses to push its leading Anmum ... More >>
NZ Dollar Gains vs Yen as Demand for Safe Havens Abates
Tuesday, 12 September 2017, 11:45 am | BusinessDesk
Sept. 12 (BusinessDesk) - The New Zealand dollar rose against the yen as investors regained some risk appetite, reducing demand for Japan's currency as a safe haven. More >>
Ban on foreign house buyers will need renegotiation on FTA
Tuesday, 12 September 2017, 11:42 am | BusinessDesk
Sept. 12 (BusinessDesk) - A Labour-led government’s ban on sales of existing homes to foreign buyers will require a renegotiation of the Korean free-trade agreement, Labour leader Jacinda Ardern confirmed this morning. More >>
While you were sleeping: Wall St rallies
Tuesday, 12 September 2017, 10:18 am | BusinessDesk
Sept. 12 (BusinessDesk) - Wall Street rallied, while US Treasuries dropped, as concern about geopolitical tensions and the impact from Hurricane Irma, which eased to a tropical storm as of Monday, declined. More >>
MARKET CLOSE: NZ shares mixed as A2, F&P Health hit records
Monday, 11 September 2017, 8:45 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed as A2, F&P Health hit records while CBL, retirement stocks fall More >>
NZ dollar falls as greenback recovers with weakening Irma
Monday, 11 September 2017, 8:09 pm | BusinessDesk
NZ dollar falls as greenback recovers with weakening Irma, quiet North Koreans By Jonathan Underhill More >>
Bathurst Resources soars in face of coking coal revival
Monday, 11 September 2017, 7:35 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Bathurst Resources shares have rallied to a 3 1/2-year high on confirmation of its purchase from the receivers of Solid Energy's Stockton mine, which has infrastructure strategically placed to service its Buller Coal Project. More >>
Tru-Test names Simon Mander as new chief executive
Monday, 11 September 2017, 7:34 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Tru-Test Corp has hired Simon Mander to lead the agritech company as it looks to build earnings after a hard round of cost-cutting in response to last year's dairy downturn. More >>
PledgeMe joins Equitise in eyeing Australian market
Monday, 11 September 2017, 4:42 pm | BusinessDesk
Sept. 11 (BusinessDesk) - PledgeMe, the equity crowdfunding and peer-to-peer lending platform, has joined rival Equitise in signalling plans to enter the Australian market ahead of a law change coming into effect across the Tasman this month. More >>
Election promises soak up 11% of operating allowances
Monday, 11 September 2017, 3:54 pm | BusinessDesk
Sept. 11 (BusinessDesk) - The National Party says its $1.98 billion of election promises fall "well within the parameters" of the projected $17.34 billion for new spending and won't dent plans to aggressively lower the government's net debt. More >>
NZ Post annual profit drops 34% after sale of Kiwibank stake
Monday, 11 September 2017, 3:20 pm | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealand Post's annual profit fell by a third after it sold almost half of its stake in Kiwibank. More >>
NZ retail spending extends decline in August
Monday, 11 September 2017, 2:50 pm | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealand retail spending on electronic cards edged lower in August as expenditure on eating out and durable household items dipped. More >>
NZ dollar retreats from month-high as election looms
Monday, 11 September 2017, 11:59 am | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand dollar fell from a month-high with no clear favourite for the upcoming general election and a drop in commodity prices in New York on Friday. More >>
World Week Ahead: Eyes on Apple, impact of Irma
Monday, 11 September 2017, 10:16 am | BusinessDesk
Sept. 11 (BusinessDesk) - Investors will assess the impact of Hurricane Irma and eye the latest data on US inflation and retail sales while continuing to monitor nuclear tensions between North Korea and the US. More >>
MARKET CLOSE: NZ stocks rise, F&P Healthcare reaches record
Friday, 8 September 2017, 8:57 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise, F&P Healthcare reaches record as Labour seen weakening kiwi More >>
NZ dollar gains 2.3% on week as US dollar out of favour
Friday, 8 September 2017, 8:29 pm | BusinessDesk
Sept. 8 (BusinessDesk) - The New Zealand dollar was higher on the day and up 2.3 percent for the week as the greenback remained out of favor due to internal political issues, jitters around North Korea as well as several hurricanes. More >>
Zeta's partial bid for NZOG trumped by smaller shareholder
Friday, 8 September 2017, 8:28 pm | BusinessDesk
Sept. 8 (BusinessDesk) - ASX-listed Zeta Resources' play to seize control of New Zealand & Gas has hit a bump with the NZX-listed firm's independent directors saying they'll probably recommend investors reject it as too cheap, and are now considering ... More >>
Fatal crash in Te Puke
Friday, 8 September 2017, 8:23 pm | BusinessDesk
Police were called to attend the incident involving a car and a motorbike at 7:00pm More >>
NZ investors hungry for IPOs would flock to Vodafone listing
Friday, 8 September 2017, 7:29 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand investors starved of new company listings would be drawn to the prospect of Vodafone New Zealand joining the stock exchange. More >>
