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Businesswire - Latest News [Page 12]
NZ dollar holds gains before OCR review
Wednesday, 13 June 2012, 5:10 pm | Businesswire
June 13 (BusinessDesk) - The New Zealand dollar held gains in local trading ahead of tomorrow's Reserve Bank monetary policy review, which is tipped to keep interest rates on hold, and as investors get more optimistic about a coordinated policy response ... More >>
Dairy output, good weather keep transport firms busy in May
Tuesday, 12 June 2012, 4:36 pm | Businesswire
June 12 (BusinessDesk) - New Zealand's traffic volumes rose 3.3 percent in May as warmer weather and late-season dairy production lifted demand, according to ANZ New Zealand's Truckometer. More >>
NZ road user charges, petrol excise to rise
Tuesday, 12 June 2012, 4:24 pm | Businesswire
June 12 (BusinessDesk) - New Zealand's road user charges and petrol excise will rise from August in a vehicle licensing rejig, and will help pay for national transport projects. More >>
Key more confident on Europe, unfazed by polls
Monday, 11 June 2012, 5:56 pm | Businesswire
June 11 (BusinessDesk) - Prime Minister John Key has returned from European "slightly more confident" the region will "muddle through" its current crisis successfully, and convinced New Zealand is doing most of what European governments ... More >>
World Week Ahead: Spanish rescue, Greek vote
Monday, 11 June 2012, 6:26 am | Businesswire
World Week Ahead: Spanish rescue, Greek vote By Margreet Dietz June 11 (BusinessDesk) - Europe has agreed to help Spain by providing as much as 100 billion euros to bail out the nation's bleeding banks in the fourth—and largest—euro zone member rescue ... More >>
MARKET CLOSE: NZ shares rally, paced by Fletcher, Nuplex
Wednesday, 6 June 2012, 5:58 pm | Businesswire
June 6 (BusinessDesk) – New Zealand shares rose after economic growth in Australia, the nation’s biggest trading partner, beat estimates and prices of dairy products rebounded from a three-year low. Fletcher Building, Nuplex Industries and Kathmandu ... More >>
NZ dollar falls vs. Australian dollar after Australian GDP
Wednesday, 6 June 2012, 5:15 pm | Businesswire
June 6 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the nation’s biggest trading partner posted first-quarter gross domestic product that grew more than twice the pace economists had predicted. More >>
Dairy prices rebound from 3-year low in Fonterra’s GDT sale
Wednesday, 6 June 2012, 6:48 am | Businesswire
June 6 (BusinessDesk) – Prices of dairy products rebounded from a three-year low as buyers returned to the market, posting their biggest gain in almost two years, led by skim milk powder and anhydrous milk fat. More >>
Treasury sticks by forecasts, despite Greek deterioration
Tuesday, 5 June 2012, 6:34 pm | Businesswire
June 5 (BusinessDesk) - The Treasury is sticking by the forecasts it published in last month's Budget, saying the Greek crisis had worsened the risks of lower growth, but its "central scenario" for growth "remains valid at this stage." More >>
ANZ Bank repaid $21.4 mln from sale of Serepisos' former HQ
Tuesday, 29 May 2012, 6:05 pm | Businesswire
May 29 (BusinessDesk) - ANZ National Bank, the country's biggest lender, has been repaid $21.4 million from the sale of property developer Terry Serepisos' former headquarters, the ASB Tower in downtown Wellington. More >>
MARKET CLOSE: NZ shares rise, paced by Fletcher
Tuesday, 29 May 2012, 6:01 pm | Businesswire
May 29 (BusinessDesk) – New Zealand shares rose, paced by Fletcher Building, after figures showed new home sales jumped in Australia, its second-largest market. Westpac Banking Corp and AMP were among stocks linked to the Australian market that gained ... More >>
NZ dollar holds above 76 US cts as China growth eyed
Tuesday, 29 May 2012, 5:19 pm | Businesswire
NZ dollar holds above 76 US cts amid speculation China will move to boost growth More >>
World Week Ahead: Eyes on US indicators
Monday, 28 May 2012, 7:26 am | Businesswire
World Week Ahead: Eyes on US indicators By Margreet Dietz May 28 (BusinessDesk) - Key indicators on the world's largest economy will likely set the direction for markets on both sides of the Atlantic in coming days. Investors will scrutinise data ... More >>
NZOG Kaheru farm-in is part of plan for 4-well portfolio
Monday, 28 May 2012, 6:31 am | Businesswire
May 28 (BusinessDesk) - New Zealand Oil & Gas is taking a 60 percent interest in the "highly prospective" Kaheru prospect inshore Taranaki, partnering with Canadian producer TAG Oil as it seeks to assemble a suite of drilling options ... More >>
New Image forecasts FY loss of $4 million
Thursday, 24 May 2012, 2:13 pm | Businesswire
May 24 (BusinessDesk) - New Image, which makes colostrum-based health tonics, has forecast a full-year loss of about $4 million as it writes down goodwill and stock. More >>
BUDGET 2012: DMO flags inflation-indexed bond issues
Thursday, 24 May 2012, 2:05 pm | Businesswire
May 24 (BusinessDesk) - The New Zealand Debt Management Office will sell as much as $4 billion of inflation-indexed bonds in the next two financial years. More >>
BUDGET 2012: Smokers, KiwiSavers, IRD lead way to surplus
Thursday, 24 May 2012, 2:00 pm | Businesswire
May 24 (BusinessDesk) – Finance Minister Bill English has charted a path back to surplus by 2015 by hiking the excise on tobacco, giving the tax department sharper teeth and deferring the start of auto-enrolments to the KiwiSaver scheme. More >>
Kiwis’ uptake of private health insurance falls to 6-yr low
Wednesday, 23 May 2012, 9:01 am | Businesswire
May 22 (BusinessDesk) - The number of kiwis taking out private healthcare insurance has fallen to the lowest level in more than six years, keeping the level of cover below the OECD average, as a weak economy and rising general insurance costs dent ... More >>
NZ dollar tumbles after OECD cites global growth risks
Wednesday, 23 May 2012, 8:47 am | Businesswire
May 23 (BusinessDesk) - The New Zealand dollar tumbled after the Organization for Economic Cooperation and Development warned of the risks that the euro zone’s debt crisis poses to the rest of the world. More >>
Fonterra tweaks TAF rules to safeguard 100% farmer ownership
Wednesday, 23 May 2012, 8:36 am | Businesswire
May 23 (BusinessDesk) - Fonterra Cooperative Group will tighten the rules for the proposed Trading Among Farmers scheme after feedback from its shareholders’ council and advisers to control the size of the fund and safeguard 100 percent ownership ... More >>
