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Businesswire - Latest News [Page 101]
Kiwis heading for Australia again
Friday, 23 April 2010, 12:17 pm | Businesswire
April 23 (BusinessWire) - Long term migration from New Zealand to Australia is on the rise again as the West Island's stronger economy becomes increasingly attractive to the weak local recovery. More >>
Vodafone’s NZ mobile market share falls below 50%
Friday, 23 April 2010, 11:09 am | Businesswire
April 23 (BusinessWire) – Vodafone New Zealand, the local subsidiary of the U.K. phone operator, saw its market share sink below 50% last year as new kid on the block Two Degrees Mobile Ltd. entered the market after a lengthy lead-in time. More >>
North-West Shelf shapes Cue Energy's prospects
Friday, 23 April 2010, 11:00 am | Businesswire
April 23 (BusinessWire) - Cue Energy Ltd. is close to signing a farm-in agreement with a global oil major to allow 2011 drilling of its Caterina oil and gas prospect on the North-West Shelf, off the coast of Western Australia, chairman Richard Tweedie ... More >>
NZ dollar reaches 26-month high vs euro on Greece
Friday, 23 April 2010, 10:01 am | Businesswire
April 23 (BusinessWire) – The New Zealand dollar rose to a 26-month high against the euro after figures showed Greece’s fiscal deficit was worse than initially estimated last year, suggesting the nation may require greater help from its EU neighbours. More >>
Stocks to watch: Contact, FBU, KRK, NEW, NZO, TUA
Friday, 23 April 2010, 9:41 am | Businesswire
April 23 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
Bollard to hold OCR as he weighs timing of hikes
Friday, 23 April 2010, 8:22 am | Businesswire
April 23 (BusinessWire) – Reserve Bank Governor Alan Bollard will hold the official cash rate at a record-low 2.5% next week, economists say, with all eyes on the wording he uses for the timing of the resumption of interest rate hikes. More >>
While you were sleeping: Greece roils the markets
Friday, 23 April 2010, 8:08 am | Businesswire
April 23 (Business Wire) - A worsening deficit situation in Greece, a downgrade of its debt rating by Moody’s Investors Service led to soaring Greek bond yields and weaker equities in both Europe and on Wall Street. More >>
Rising commodity futures hint at higher food costs
Friday, 23 April 2010, 7:44 am | Businesswire
April 23 (BusinessWire) – The rising price of soft commodities on international futures markets may indicate higher food costs are set to continue this year, according to NZ Funds Management. More >>
MARKET CLOSE: NZ shares fall; Fletcher, CEN drop
Thursday, 22 April 2010, 6:09 pm | Businesswire
April 22 (BusinessWire) – New Zealand shares fell after Fletcher Building Ltd. announced further cuts to insulation would dent Australian earnings and Contact Energy released figures showing a further loss of customers. More >>
Fletcher trims output of insulation in Australia
Thursday, 22 April 2010, 5:34 pm | Businesswire
April 22 (BusinessWire) – Fletcher Building Ltd. announced its second reduction in output of glass wool in Australia after the federal government ended its insulation incentive, leaving the company with excess inventory and hurting earnings. More >>
Transpower outage cuts power in Wellington
Thursday, 22 April 2010, 4:48 pm | Businesswire
April 22 (BusinessWire) - A fault on the national grid caused a power outage affecting 84,000 Wellington customers for approximately one and a half hours this afternoon. More >>
Consumers banking on better times ahead
Thursday, 22 April 2010, 3:45 pm | Businesswire
April 22 (BusinessWire) – The gap between how New Zealand consumers feel now and what they expect in the future remains wide, with better times wtill seen ahead. More >>
SCF reaping '$1 mln a week' from distressed assets
Thursday, 22 April 2010, 3:37 pm | Businesswire
April 21 (BusinessWire) – South Canterbury Finance Ltd. said it is reaping about $1 million a week from collections and sales of distressed assets while investors are rolling over about $100 million a month. More >>
English coy on Budget business tax cuts
Thursday, 22 April 2010, 2:36 pm | Businesswire
April 22 (BusinessWire) - The government is working on a range of business tax issues, of which the corporate tax rate is only one, says Finance Minister Bill English in an early sign that any movement in the corporate tax rate may occur over a period ... More >>
More spending cuts, personal tax cuts on the way
Thursday, 22 April 2010, 1:04 pm | Businesswire
April 22 (BusinessWire) - The government is adding another $1.8 billion in spending cuts to the $2 billion already announced, over the next four years to help get New Zealand back into surplus, Finance Minister Bill English said today. More >>
NZ power reforms pose ‘major challenges': S&P
Thursday, 22 April 2010, 12:46 pm | Businesswire
April 22 (BusinessWire) - There is too little transparency around the physical and virtual asset swap proposals to know what the New Zealand government's electricity reforms will do for generator-retailers' balance sheets, Standard & Poor's warns ... More >>
Allied Farmers rises on $3.4m in property sale
Thursday, 22 April 2010, 12:07 pm | Businesswire
April 22 (BusinessWire) - Shares in Allied Farmers Ltd. have risen 7.3% to 7 cents in NZX trading this morning on news that was booking $3.4 million from the successful sale of properties in Queenstown, New South Wales and one undisclosed location. More >>
Stocks to watch: AIR, ANZ, PGW, Pike, Telecom
Thursday, 22 April 2010, 9:35 am | Businesswire
April 22 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar declines as Greece begins IMF talks
Thursday, 22 April 2010, 9:28 am | Businesswire
April 22 (BusinessWire) – The New Zealand dollar declined as talks between Greece and the International Monetary Fund got underway over the Mediterranean’s funding crisis, spooking investors who returned to so-called ‘safe havens’ such as the ... More >>
While you were sleeping: Greek drama returns
Thursday, 22 April 2010, 7:53 am | Businesswire
April 22 (Business Wire) - Worries about Greece’s ability to avert a financial failure knocked shares lower in both Europe and on Wall Street, refocusing investors on the risks with sovereign debt and offsetting positive earnings news from the U.S. More >>
