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Businesswire - Latest News [Page 116]
Telstra returns to bonds with 1 billion euro sale
Tuesday, 16 March 2010, 4:50 pm | Businesswire
March 16 (BusinessWire) – Telstra Corp., Australia’s biggest telecommunications company, raised 1 billion euros in its first bond sale since September 2008, the month that Lehman Brothers collapsed and access to debt funding began to freeze over. More >>
Air NZ extends capacity for Rugby World Cup
Tuesday, 16 March 2010, 4:11 pm | Businesswire
March 16 (BusinessWire) – Air New Zealand, “fanatical” sponsors of the All Blacks, have announced they will considerably increase the number of domestic flight seats from January next year to cater for the bumper year ahead. More >>
Fonterra throws lifeline to organic milk suppliers
Tuesday, 16 March 2010, 1:42 pm | Businesswire
March 16 (BusinessWire) – Milk suppliers to New Zealand Organic Dairy Farmers’ Co-operative, which was placed in receivership on Friday, have been offered a lifeline by Fonterra Cooperative Group. More >>
Refinery shares jump 10% on margin recovery
Tuesday, 16 March 2010, 12:38 pm | Businesswire
March 16 (BusinessWire) - Shares in New Zealand Refining Company Ltd jumped 10.3% after this morning's announcement refining margins recovered to US$6.85 per barrel in the first two months of the calendar year. More >>
Craigs, Morrison seek to tap $125 million for PIP
Tuesday, 16 March 2010, 12:31 pm | Businesswire
March 16 (BusinessWire) – Craigs Investment Partners Ltd. and Morrison & Co. have launched a $125 million fund to invest in the government’s public-private partnership vehicle, Public Infrastructure Partners (PIP). More >>
McDouall Stuart baulks at NZX costs
Tuesday, 16 March 2010, 12:16 pm | Businesswire
March 16 (BusinessWire) - McDouall Stuart Securities Ltd., the Wellington-based brokerage, will outsource its trading and settlement activity rather than face directly the approximately $10 million cost of stock market operator NZX Ltd.'s new clearing and ... More >>
Southern Travel has 1H loss on swine flu, downturn
Tuesday, 16 March 2010, 12:05 pm | Businesswire
March 16 (BusinessWire) - Southern Travel Holdings, a travel and tourism services company, posted a first-half loss as swine flu, the global financial crisis and unfavourable foreign exchange movements hampered sales. More >>
Telecom says rural broadband plan will cut profit
Tuesday, 16 March 2010, 11:39 am | Businesswire
March 16 (BusinessWire) – Telecom Corp said the New Zealand government’s plans to roll out high-speed broadband services to rural areas while overhauling how the phone company is compensated for uneconomic lines will slash earnings over the next ... More >>
NZ Cabinet approves $300M rural broadband plan
Tuesday, 16 March 2010, 11:06 am | Businesswire
March 16 (BusinessWire) – The Cabinet has approved a $300 million plan to roll out high-speed broadband services to rural New Zealanders while overhauling the way Telecom Corp. is compensated for supplying services that aren’t commercially viable. More >>
NZ dollar drifts down as Greek bailout falters
Tuesday, 16 March 2010, 10:14 am | Businesswire
March 16 (BusinessWire) – The New Zealand dollar drifted down against most major currencies overnight as German and French finance ministers poured cold water on a proposed $25 billion euro bailout for Greece. More >>
Stocks to watch: F&P Appliances, GPG
Tuesday, 16 March 2010, 9:18 am | Businesswire
March 16 (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: Cool breeze blows
Tuesday, 16 March 2010, 7:52 am | Businesswire
March 16 (Business Wire) - From concerns about China to worries about sovereign debt ratings to the outlook for U.S. bank profits, investors had plenty of reasons to rethink the outlook. More >>
FPA to take over Australian distribution of Haier
Monday, 15 March 2010, 5:55 pm | Businesswire
March 15 (BusinessWire) - Fisher & Paykel Appliances Holdings, the white ware manufacturer who introduced Chinese Company Haier as a 20% stake holder last year, announced today that it will take over the sales, marketing and customer care service ... More >>
MARKET CLOSE: NZ shares mixed; SKC up, GPG down
Monday, 15 March 2010, 5:45 pm | Businesswire
March 15 (BusinessWire) – New Zealand shares were mixed in light trading. Sky City Entertainment Group rose after reiterating its profit forecast and Guinness Peat Group fell after warning that rising raw material costs will dent the recovery at ... More >>
Hubbard vehicle sells stake in Salvus to Milford
Monday, 15 March 2010, 4:21 pm | Businesswire
March 15 (BusinessWire) – A company related to Timaru-based businessman Allan Hubbard has sold its 17% shareholding in Salvus Strategic Investments Ltd. to Milford Funds Ltd. for just under $2.5 million. More >>
Murray Horn tapped to help create wool sector body
Monday, 15 March 2010, 3:34 pm | Businesswire
March 15 (BusinessWire) – Murray Horn, former Treasury secretary and head of ANZ Banking Group’s New Zealand arm, has been tapped to help lure warring factions of the wool sector out of their trenches to create a new industry good body. More >>
GPG’s Coats, with worst behind, faces higher costs
Monday, 15 March 2010, 2:53 pm | Businesswire
GPG’s Coats unit, over the worst of slump, faces rising costs of raw materials More >>
Service sector activity up in February
Monday, 15 March 2010, 12:20 pm | Businesswire
March 15 (BusinessWire) – New Zealand’s service sector activity improved slightly during February, though not enough to suggest a roaring out of last year’s economic recession. More >>
NZ Dollar Outlook: Global good news may lift kiwi
Monday, 15 March 2010, 11:25 am | Businesswire
March 15 (BusinessWire) – The New Zealand dollar may rise this week as continued global good economic news increases market appetite for commodity currencies such as the kiwi and Australian currency. More >>
NZ dollar strengthens as global backdrop improves
Monday, 15 March 2010, 9:47 am | Businesswire
March 15 (BusinessWire) – The New Zealand dollar strengthened against most major currencies as global data helped stoke optimism the global recovery is continuing apace, fueling investors’ appetite for risk. More >>
