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Businesswire - Latest News [Page 119]
Wholesale funding guarantee no longer needed
Wednesday, 10 March 2010, 9:47 am | Businesswire
Wholesale funding guarantee no longer needed: English March 10 (BusinessWire) - Trading banks will no longer have access to government-guaranteed wholesale funding after scheme - a response to the 2008 global financial crisis - closes on April 30, ... More >>
Stocks to watch: Allied, Fletcher, HED, NPX, NZX
Wednesday, 10 March 2010, 9:41 am | Businesswire
March 10 (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: Investors in holding pattern
Wednesday, 10 March 2010, 7:16 am | Businesswire
March 9 (Business Wire) - Shares were little changed for a second session as investors await fresh signs that the global economic recovery would renew itself and provide new impetus for higher stock prices. More >>
Mid-sized NZ firms still face bumpy road: ANZ
Tuesday, 9 March 2010, 7:00 pm | Businesswire
Mid-sized New Zealand businesses move on from survival mode; road ahead may still be bumpy More >>
MARKET CLOSE: NZX 50 snaps 9-day rally; PFI falls
Tuesday, 9 March 2010, 6:57 pm | Businesswire
March 9 (BusinessWire) – New Zealand’s NZX 50 Index snapped a nine-day rally, with the U.S. market providing little overnight impetus and commodity prices weakening. Property for Industry and Pan Pacific Petroleum led the decline. More >>
New twist in Horizon takeover saga
Tuesday, 9 March 2010, 4:21 pm | Businesswire
March 9 (BusinessWire) - Directors of the listed electricity network monopoly Horizon Energy Distribution Ltd are under investigation by the Takeovers Panel, following allegations of takeovers code breaches by a jilted suitor, Marlborough Lines Ltd. More >>
Allied Farmers' writedown may understate recovery
Tuesday, 9 March 2010, 3:45 pm | Businesswire
Allied’s $220 million write-down of its Hanover/United investments may understate recoverable loans More >>
NZX unveils "fundamental change" strategy
Tuesday, 9 March 2010, 3:04 pm | Businesswire
by Pattrick Smellie March 9 (BusinessWire) - NZX Ltd. expects 50% of its future revenues to come from fees on clearing and settlement services and high margins obtainable from derivatives trading, according to a presentation by head of traded products, ... More >>
Commission restricts Curtin’s role after writ
Tuesday, 9 March 2010, 1:09 pm | Businesswire
March 9 (BusinessWire) – Donal Curtin’s role at the Commerce Commission has been restricted, to prevent any conflict of interest after further private party court proceedings were filed against him. More >>
Postie Plus expects ‘tidy profit’ in 2010: Boskill
Tuesday, 9 March 2010, 12:57 pm | Businesswire
March 9 (BusinessWire) – Postie Plus Group, the Christchurch-based clothing retailer, expects a “tidy profit” this year, after narrowing its first-half loss by gaining market share and lifting sales, chief executive Ron Boskell told BusinessWire today. More >>
NZ consumer spending on debit, credit cards falls
Tuesday, 9 March 2010, 12:07 pm | Businesswire
March 9 (BusinessWire) -- New Zealanders spent less on debit and credit cards in February, the first decline in eight months, which may stoke speculation the central bank will be inclined to hold off on raising interest rates until the second half ... More >>
Plus SMS fined, threatened with de-listing
Tuesday, 9 March 2010, 11:38 am | Businesswire
March 9 (BusinessWire) – Plus SMS Holdings Ltd., the mobile phone content provider suspended by the NZX last June, has been further reprimanded for improper reporting to the stock exchange with a $50,000 fine for rule breaches. More >>
Briscoe’s Duke ‘cautiously optimistic’ for 2010
Tuesday, 9 March 2010, 11:25 am | Businesswire
March 9 (BusinessWire) – Briscoe Group Ltd. managing director Rod Duke said he is “cautiously optimistic” for trading in 2010 after the company almost doubled its annual profit by fattening its margins. More >>
NZ dollar holds at 2-week high before MPS
Tuesday, 9 March 2010, 10:35 am | Businesswire
March 9 (BusinessWire) – The New Zealand dollar held at a two-week high of about 70 U.S. cents against a backdrop of more upbeat U.S. economic data and signs of stability in Europe, as traders await the central bank’s review of interest rates on Thursday. More >>
Stocks to watch: Fletcher Building, Cue, Diligent
Tuesday, 9 March 2010, 9:51 am | Businesswire
Stocks to watch: Fletcher Building, Cue, Diligent March 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 >>
While you were sleeping: Stocks in holding pattern
Tuesday, 9 March 2010, 9:08 am | Businesswire
March 9 (Business Wire) - Stocks were little changed overnight in Europe and on Wall Street as investors awaited a new catalyst to extend the recent rally. More >>
MARKET CLOSE: NZX 50 rises to 7-wk high; AIR up
Monday, 8 March 2010, 5:54 pm | Businesswire
March 8 (BusinessWire) – New Zealand shares rose, nudging the NZX 50 Index up to a seven-week high as the kiwi dollar held near a decade low against its Australian counterpart, helping companies like Air New Zealand that rely on revenue from across ... More >>
Provinces’ retail spending outpaces big NZ cities
Monday, 8 March 2010, 3:40 pm | Businesswire
March 8 (BusinessWire) – New Zealanders in the provinces are picking up their retail spending following the recession faster than the main centres, based on electronic card transactions. More >>
Auckland retail, commercial property market steady
Monday, 8 March 2010, 2:00 pm | Businesswire
March 8 (BusinessWire) – The Auckland retail and commercial property market seems set for a quiet 2010 with both vendors and purchasers adopting a cautionary stance, according to Darroch Research. More >>
NZ Dollar Outlook: All eyes on Thursday's MPS
Monday, 8 March 2010, 12:27 pm | Businesswire
March 8 (BusinessWire) – The New Zealand dollar will probably continue to trade between 68.5 U.S. cents and 70 cents as the market waits on the Reserve Bank of New Zealand’s Thursday assessment on the state of the Kiwi economy and whether it feels ... More >>
