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Businesswire - Latest News [Page 131]
While you were sleeping: Short of details
Friday, 12 February 2010, 7:01 am | Businesswire
Feb. 12 (BusinessWire) - The euro extended its slide and stocks were little changed overnight as the rescue plan for Greece remained hard to define. More >>
South Canterbury faces $1.1B redemptions in 2010
Thursday, 11 February 2010, 7:47 pm | Businesswire
(BusinessWire) - South Canterbury Finance Ltd., the finance company controlled by Allan Hubbard, must roll over more than $1.1 billion of debt this year, ahead of the expiry of the first version of the government's guaranteed deposit scheme, the ... More >>
Mighty River Power lengthens book with $100m bond
Thursday, 11 February 2010, 6:18 pm | Businesswire
Mighty River Power lengthens book with $100m bond issue Feb. 11 (BusinessWire) Government-owned electricity company Mighty River Power Ltd settled a NZ$100m wholesale bond issue today, tapping current market appetite for longer dated, high quality debt issuers. ... More >>
MARKET CLOSE: NZ shares fall; STU, CEN, CAV drop
Thursday, 11 February 2010, 5:55 pm | Businesswire
Feb. 11 (BusinessWire) – New Zealand shares fell as the earnings season kicked off. Steel & Tube Holdings fell after saying weaker demand and steel prices cut first-half profit by 85%. Contact Energy Ltd. sank to a 7-month low after announcing ... More >>
Fonterra cuts next week's bond sale to $150M
Thursday, 11 February 2010, 4:49 pm | Businesswire
Feb. 11 (BusinessWire) – Fonterra Cooperative Group, the world’s largest exporter of dairy products, has slashed $100 million from a bond offer opening next week, saying it was able to source funding from offshore at a “very attractive cost.” More >>
Contact shares hit 7-month low on price rises
Thursday, 11 February 2010, 3:45 pm | Businesswire
Feb. 11 (BusinessWire) - Shares in Contact Energy Ltd sank to a seven month low of $5.65 a share on thin volumes in NZX trading today, following disclosure that the company is raising tariffs for around 75% of its 479,000 customers by around 5%. More >>
L&M Energy crosses fingers on latest Taranaki data
Thursday, 11 February 2010, 2:34 pm | Businesswire
Feb. 11 (BusinessWire) – L&M Energy hopes its latest acquisition of seismic data at its South Taranaki onshore location will this time prove profitable. More >>
Falling NZ house sales suggest faltering recovery
Thursday, 11 February 2010, 2:05 pm | Businesswire
Feb. 11 (BusinessWire) – Falling New Zealand house sale volumes and prices in January may indicate a domestic economy that’s struggling to maintain momentum, according to economists. More >>
TelstraClear earnings growth stalls
Thursday, 11 February 2010, 1:31 pm | Businesswire
Feb. 11 (BusinessWire) – TelstraClear Ltd., the New Zealand units that contributes 2.2% of parent Telstra Corp.’s revenue, posted no earnings growth in the first half as it wound down its capital expenditure. More >>
NZ Super Fund investment manager kicked off team
Thursday, 11 February 2010, 1:12 pm | Businesswire
Feb. 10 (BusinessWire) – One of the investment managers for a couple of the New Zealand Superannuation Fund’s equity funds has been shown the door. More >>
Steel & Tube first-half profit tumbles 85%
Thursday, 11 February 2010, 12:21 pm | Businesswire
Feb. 11 (BusinessWire) – Steel & Tube Holdings, which supplies steel building products such as reinforcing rods, reported an 85% slump in first-half profit, reflecting weaker demand and prices. More >>
Tourists to NZ underpin gains in accommodation
Thursday, 11 February 2010, 12:18 pm | Businesswire
Feb. 11 (BusinessWire) – International visitors underpinned gains in New Zealand accommodation this summer as the global recovery gave people an appetite for overseas holidays again. More >>
Tourists to NZ underpin gains in accommodation
Thursday, 11 February 2010, 12:01 pm | Businesswire
Feb. 11 (BusinessWire) – International visitors underpinned gains in New Zealand accommodation this summer as the global recovery gave people an appetite for overseas holidays again. More >>
Fonterra postpones XT roll-out following outages
Thursday, 11 February 2010, 11:44 am | Businesswire
Feb. 11 (BusinessWire) - Dairy giant Fonterra is postponing the roll-out of Telecom's XT network for approximately 3000 staff, 1500 of whom were to be brought across from Vodafone in a deal announced last September. More >>
NZ manufacturing remained in expansion last month
Thursday, 11 February 2010, 11:39 am | Businesswire
Feb. 11 (BusinessWire) – New Zealand manufacturing continued its expansion in January, led by increases in production and new orders, suggesting the economy’s modest recovery is extending into the first quarter. More >>
Stocks to watch: Telecom, Contact Energy, S&T
Thursday, 11 February 2010, 9:50 am | Businesswire
Feb. 11 (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 >>
NZ dollar holds above 69 cts before China CPI
Thursday, 11 February 2010, 9:09 am | Businesswire
Feb. 11 (BusinessWire) – The New Zealand dollar, which briefly slipped below 69 U.S. cents overnight, edged higher ahead of inflation figures out of China and employment data in Australia that will provide a clue to the prospects for the biggest kiwi ... More >>
While you were sleeping: Bernanke's cold water
Thursday, 11 February 2010, 7:12 am | Businesswire
Feb. 11 (Business Wire) - Wary investors interpreted comments by Federal Reserve chairman Ben Bernanke about the eventual unwinding of emergency liquidity programs as a sign that U.S. interest rates were poised to rise even though he said that wasn’t ... More >>
MARKET CLOSE: NZ shares gain; Fletcher dominates
Wednesday, 10 February 2010, 5:59 pm | Businesswire
Feb. 10 (BusinessWire) – New Zealand rose in a session dominated by an 8.7 million line of Fletcher Building shares changing hands. Fisher & Paykel Appliances led the advance. AMP NZ Office Trust led property investors lower as investors digested ... More >>
Postie Plus narrows first-half loss, shares climb
Wednesday, 10 February 2010, 4:41 pm | Businesswire
Feb. 10 (BusinessWire) - Postie Plus Ltd., the clothing retailer, said it made a "significantly lower" loss in the six months ended Jan. 31 than the $2.7 million reported for the same period in 2008. More >>
