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Businesswire - Latest News [Page 106]
'Rogue’ exec sells some Millennium China JV assets
Monday, 12 April 2010, 7:55 pm | Businesswire
April 12 (BusinessWire) - A ‘rogue’ executive working for Millennium and Copthorne Hotels NZ Ltd.'s Chinese joint venture partner has unlawfully sold Chinese hotel assets worth US$47.8 million, of which US$16.3 million ($22.7 million) belongs to ... More >>
South Canty problem loans to shift to ‘bad’ bank
Monday, 12 April 2010, 6:21 pm | Businesswire
April 12 (BusinessWire) – South Canterbury Finance Ltd. has dropped its biggest hint yet as to how it will restructure its businesses, flagging a ‘bad’ bank for problem loans and asset sales in its latest prospectus and investment statement. More >>
MARKET CLOSE: NZ shares rise amid global optimism
Monday, 12 April 2010, 6:01 pm | Businesswire
April 12 (BusinessWire) – New Zealand shares rose for the sixth day in seven after stronger-than-expected U.S. data and more certainty of a rescue for Greece lifted investors’ appetite for equities. Pan Pacific Petroleum led gainers as the price ... More >>
NZ retail spending rose 4.8% in March: Paymark
Monday, 12 April 2010, 4:24 pm | Businesswire
April 12 (BusinessWire) – New Zealanders spent more on their debit and credit cards last month, based on figures from Paymark, which may indicate a continued improvement in the retail sector. More >>
NZ Dollar Outlook: Kiwi to gain on Greek bail-out
Monday, 12 April 2010, 1:39 pm | Businesswire
April 12 (BusinessWire) – The New Zealand dollar is expected to push towards a new three-month high after a firmer offer of help emerged for debt-stricken Greece from the European Union and the International Monetary Fund, underpinning investors’ ... More >>
OceanaGold outlines Reefton expansion plans
Monday, 12 April 2010, 1:26 pm | Businesswire
April 12 (BusinessWire) - OceanaGold Corp. is planning a major expansion to its Reefton mining operations following the discovery of several new sources of highly prospective gold-bearing territory, including new deposits found below previously assumed maximum ... More >>
South Canterbury loss widens on impairments
Monday, 12 April 2010, 11:39 am | Businesswire
April 12 (BusinessWire) – South Canterbury Finance found an additional $20.4 million of expenses when it completed its first-half report, compared to an estimate last month, and revealed additional breaches of lending covenants that required a waiver ... More >>
NZ dollar nears three-month high on Greece package
Monday, 12 April 2010, 9:21 am | Businesswire
April 12 (BusinessWire) – The New Zealand dollar neared a three-month high after European finance ministers and central bankers agreed to the final terms of a package to bail-out Greece. More >>
A2 Corp. in merger talks with Freedom Nutritional
Monday, 12 April 2010, 9:14 am | Businesswire
April 12 (BusinessWire) - A2 Corp., which licenses techniques to identify milk with a protein variant claimed to have health benefits, is in talks for a “merger of equals” with ASX-listed Freedom Nutritional Products that would create a $62 million ... More >>
Stocks to watch: ATM, AIR, BGR, GFF, MHI, PRC
Monday, 12 April 2010, 8:46 am | Businesswire
April 12 (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 >>
House prices slow rise in March: QV
Monday, 12 April 2010, 8:44 am | Businesswire
NZ property value rebound slows down in March: QV April 9 (BusinessWire) – New Zealand property values rose 6.1% in the year through March, though the rebound from their trough has continued to slow, according to state-owned property valuer QV Valuations. More >>
World Week Ahead: Earnings expectations high
Monday, 12 April 2010, 7:14 am | Businesswire
April 12 (Business Wire) - The economic outlook continues to brighten and now investors will get a chance to see whether the stock bets they’ve made in recent weeks are founded on real money or not. More >>
SMELLIE SNIFFS THE BREEZE: A test for Whanau Ora
Friday, 9 April 2010, 6:42 pm | Businesswire
April 9 (BusinessWire) - Down in Christchurch, for the last 20 years, the Family Help Trust has beavered away creating one of the best early childhood intervention programmes in the country, creating futures for families that the statistics would ... More >>
MARKET CLOSE: NZ shares edge higher, PIke River up
Friday, 9 April 2010, 6:19 pm | Businesswire
April 9 (BusinessWire) – New Zealand shares edged higher today, led by Pike River Coal in its second day as the bourse’s top performer. The coal miner, which has finally begun shipping coal, is benefiting from strong coking coal prices. More >>
Dairy Equities de-lists as Fonterra fund arrives
Friday, 9 April 2010, 4:03 pm | Businesswire
April 9 (BusinessWire) - The poor timing of the Dairy Equities Ltd. attempt to give non-farmers a slice of the Fonterra action was thrown into stark relief today, with the ill-fated company announcing its de-listing from the NZX, just days after Fonterra ... More >>
Treasury gets gloomier on finance companies in Feb
Friday, 9 April 2010, 11:12 am | Businesswire
April 8 (BusinessWire) – The Treasury’s outlook for finance companies took a turn for the worse in February as it boosted how much the government’s retail deposit guarantee may cost taxpayers. More >>
Still gold in Michael Hill’s Australasian sales
Friday, 9 April 2010, 10:40 am | Businesswire
April 9 (BusinessWire) – Michael Hill International Ltd.’s March quarter Australasian sales have grown, while conditions continue to be difficult for its Canadian and American stores as total all store sales have increased 8.5% to $341.6 million the ... More >>
Stocks to watch: Telecom, Abano, Pike River, ALF
Friday, 9 April 2010, 9:31 am | Businesswire
April 9 (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 >>
Greek woes hit sentiment as Kiwi holds up
Friday, 9 April 2010, 9:31 am | Businesswire
April 9 (BusinessWire) – The New Zealand dollar held above 70.50 U.S. cents amid a deteriorating outlook for debt-stricken Greece, which sapped investors’ appetite for higher yields and pushed European stock markets lower. French, German and English ... More >>
While you were sleeping: Mixed markets
Friday, 9 April 2010, 8:12 am | Businesswire
April 9 (Business Wire) - Markets were mixed as concerns about Greece remain, while U.S. retailers exceeded expectations, bolstering hopes for the U.S. economic recovery. More >>
