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Businesswire - Latest News [Page 120]

NZ manufacturing, construction show pick-up

Monday, 8 March 2010, 12:04 pm | Businesswire

March 8 (BusinessWire) – New Zealand manufacturing sales volumes climbed in the fourth quarter, while home construction led to an increase in building work put in place, signs that the nation’s economy is gradually reviving as expected. More >>

MPS Preview: RBNZ unlikely to rush rate increases

Monday, 8 March 2010, 11:11 am | Businesswire

March 8 (BusinessWire) – The Reserve Bank of New Zealand is likely to keep the official cash rate at a record low 2.5% this week and reiterate its view that tightening can occur around the middle of the year as the economy continues its tepid recovery ... More >>

NZ dollar holds gains as risk appetite grows

Monday, 8 March 2010, 10:20 am | Businesswire

March 8 (BusinessWire) – The New Zealand dollar held its gains from Friday in New York, when better-than-expected U.S. jobs data and optimism over a rescue for Greece stoked investors’ risk appetite. More >>

Stocks to watch: Allied Farmers, APN, Telecom

Monday, 8 March 2010, 9:49 am | Businesswire

March 5 (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 >>

World Week Ahead: Recovery shifts into a new gear

Monday, 8 March 2010, 7:43 am | Businesswire

Friday was a day for all things positive. First, the U.S. government reported that fewer jobs than expected were lost during February, yet another sign that the world’s biggest economy is set to power ahead. More >>

NZ property values grow at a slower pace: QV

Monday, 8 March 2010, 7:39 am | Businesswire

March 7 (BusinessWire) – New Zealand house values rose 5.5% in the year through February, though the speed of growth is beginning to slow, according to State-owned property valuer QV Valuations. More >>

Allied Farmers goes after Dave Henderson

Friday, 5 March 2010, 7:36 pm | Businesswire

March 4 (BusinessWire) – Allied Farmers Ltd. has moved quickly to begin clawing back debt from developer David Henderson, placing his Property Ventures in receivership to recover a $41.5 million loan to the Five Mile Development in Queenstown. More >>

SMELLIE SNIFFS THE BREEZE: Down in the Lab

Friday, 5 March 2010, 7:32 pm | Businesswire

March 5 (BusinessWire) - As a bouncy young Minister in 1992, Simon Upton dismembered the Department of Scientific and Industrial Research and created the Crown Research Institutes, to various shrieks of heresy and with perhaps too much the idea they ... More >>

NZX moves to clean up Index memos

Friday, 5 March 2010, 6:39 pm | Businesswire

March 5 (BusinessWire) - NZX Ltd. will stop issuing "Preliminary Index memos" about likely changes to the composition of its NZX 50 Index as a result of a process review on issues that are being investigated by the Securities Commission. More >>

MARKET CLOSE: NZX50 at 6-wk high; PPP up, ALF down

Friday, 5 March 2010, 6:31 pm | Businesswire

MARKET CLOSE: NZX 50 lifts to 6-week high; PPP swings back to gain; ALF falls More >>

Solid Energy opens wood pellet plant

Friday, 5 March 2010, 2:36 pm | Businesswire

March 5 (BusinessWire) - Solid Energy, the state-owned coal and thermal fuels producer, has opened the first stage of a project that aims to produce up to 300,000 tonnes of high efficiency-burning wood pellets from forestry industry waste and logs annually. More >>

Hoki-1 well ready for drilling

Friday, 5 March 2010, 2:11 pm | Businesswire

March 5 (BusinessWire) - The much-delayed Kan Tan IV oil rig is ready to start drilling the first of several wells offshore Taranaki, the operator, AWE Ltd., and 10% partner New Zealand Oil & Gas Ltd. announced today. More >>

Te Rapa Expressway goes to Opus/Fulton Hogan

Friday, 5 March 2010, 1:58 pm | Businesswire

March 5 (BusinessWire) - The New Zealand Transport Authority has awarded the $168.7 million contract to build the next chunk of the expressway between Auckland and Hamilton to a consortium involving roading firm Fulton Hogan and listed engineering consultancy ... More >>

Restaurant Brands 4Q sales rise 5.3%, led by KFC

Friday, 5 March 2010, 12:27 pm | Businesswire

March 5 (BusinessWire) – Restaurant Brands New Zealand Ltd., the local franchise holder of the KFC, Pizza Hut and Starbucks’ brands, boosted its fourth-quarter sales 5.3% on the back of strong trading in its KFC stores. More >>

NZ govt accounts swelled by bank tax settlement

Friday, 5 March 2010, 11:48 am | Businesswire

March 5 (BusinessWire) – New Zealand’s government accounts were boosted by the windfall from the major trading banks’ settlement of their case with Inland Revenue over structured finance transactions and Finance Minister Bill English warned there’s ... More >>