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Businesswire - Latest News [Page 110]

Market Close: NZ shares fall; NZS drops

Tuesday, 30 March 2010, 6:23 pm | Businesswire

March 30 (BusinessWire) – New Zealand shares fell, halting four days of gains. NZ farming Systems Uruguay fell on concern it is having to sell assets to meet some obligations. Infratil Ltd. advanced for a second day as investors warmed to its purchase ... More >>

Spencer replaces Bolger as KiwiRail chairman

Tuesday, 30 March 2010, 1:26 pm | Businesswire

March 30 (BusinessWire) – Wellington company director John Spencer has been appointed to take over from Jim Bolger as chairman of KiwiRail as the government mulls the railroad’s 10 year strategic plan ahead of the Budget. More >>

NZ building consents rose last month

Tuesday, 30 March 2010, 1:18 pm | Businesswire

March 30 (BusinessWire) – New Zealand’s residential-building consents rose 5.9% to 1,375 units in February from the previous month, in a month characterised by the weakest number of apartments authorized since July 1995. More >>

ECan councillors sacked; Bazley appointed to chair

Tuesday, 30 March 2010, 12:19 pm | Businesswire

March 30 (BusinessWire) - The government is stepping in to take charge of festering Canterbury water management issues by sacking the regional councillors on Environment Canterbury and replacing them with a commission led by public sector fix-it woman ... More >>

KPMG to run ruler over 9 biggest state agencies

Tuesday, 30 March 2010, 11:31 am | Businesswire

March 31 (BusinessWire) – KPMG Ltd., one of the so-called ‘big four’ accounting firms, has been called in by the Treasury to run a keen eye over the administration spending at the nine biggest spending government agencies in New Zealand. More >>

Glyphosate price collapse hits Nufarm earnings

Tuesday, 30 March 2010, 11:10 am | Businesswire

March 30 (BusinessWire) - Nufarm Ltd., the Melbourne-based global crop protection company, made a A$40 million loss in the six months to Jan. 31 as global prices for the weedkiller glyphosate pole-axed inventory and forced price support to retain ... More >>

NZ dollar falls vs. Australian on rates outlook

Tuesday, 30 March 2010, 9:24 am | Businesswire

NZ dollar falls vs. Australian dollar as RBA’s Stevens hints at April rate hike More >>

Stocks to watch: BLIS, FPA, IFT, NZS, VCT

Tuesday, 30 March 2010, 9:15 am | Businesswire

March 30 (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 >>

While you were sleeping: US consumer boost

Tuesday, 30 March 2010, 8:08 am | Businesswire

March 30 (Business Wire) - While equities were flat in Europe, they advanced on Wall Street after U.S. consumers tapped into their savings and helped bolster spending for a fifth month. More >>

Foreshore, ECan, CRI policies all come pre-Easter

Monday, 29 March 2010, 6:08 pm | Businesswire

March 29 (BusinessWire) - The government's preferred solution for resolving the foreshore and seabed issue will be issued as a discussion document before Easter, along with decisions on whether to sack the regional councillors on the board of Environment ... More >>

MARKET CLOSE: NZ shares gain; IFT, FPA, NZS rise

Monday, 29 March 2010, 5:43 pm | Businesswire

March 29 (BusinessWire) – New Zealand shares rose, pushing the NZX 50 Index up for a fourth session, as Infratil Ltd. agreed terms for the acquisition of assets from Shell New Zealand and Fisher & Paykel Appliances reported progress slashing ... More >>

NZ Farming Systems Uruguay sells land for US$8.5m

Monday, 29 March 2010, 4:01 pm | Businesswire

March 29 (BusinessWire) - New Zealand Farming Systems Uruguay Ltd. (NZS), the NZX-listed dairy company, has sold 2,500 hectares of land on its Tobay farm in eastern Uruguay for US$8.5 million in a move that will allow it to repay nearly half an outstanding ... More >>

Fisher & Paykel bank covenants ease as debt falls

Monday, 29 March 2010, 3:57 pm | Businesswire

March 29 (BusinessWire) - Fisher & Paykel Appliances Ltd. has passed a key first hurdle with its banking backers as the company reduces corporate debt ahead of schedule following its near-failure last year and bail-out by the Chinese manufacturer, Haier. More >>

NZ Dollar Outlook: Kiwi well-supported

Monday, 29 March 2010, 1:25 pm | Businesswire

March 29 (BusinessWire) – The New Zealand dollar should find strong support at 70 U.S. cents this week as investors wait on U.S. employment data which is expected to show the world’s largest economy added jobs last month. Five of eight economists ... More >>

Renaissance’s executives eye bonus if shares soar

Monday, 29 March 2010, 11:37 am | Businesswire

Renaissance’s top executives in line for big bonus in 3 years – if shares soar More >>

Rubicon completes $21 mln capital raising

Monday, 29 March 2010, 11:16 am | Businesswire

March 29 (BusinessWire) - Rubicon Ltd., the biotech company with a controlling interest in listed wood products producer Tenon Ltd., completed a 1-for-7 share offer, raising $21 million to repay debt. More >>

Infratil/NZ Super pay $696.5M for Shell assets

Monday, 29 March 2010, 9:29 am | Businesswire

March 29 (BusinessWire) - Shell New Zealand Ltd.'s downstream petro-chemical assets are to be sold to a 50/50 consortium of Infratil Ltd. and the Guardians of the New Zealand Superannuation Fund in deal worth almost $700 million, Infratil announced ... More >>