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Businesswire - Latest News [Page 136]
MARKET CLOSE: NZX 50 falls; PPP, NZO decline
Monday, 1 February 2010, 5:57 pm | Businesswire
Feb. 1 (BusinessWire) – New Zealand shares fell, pushing the NZX 50 to a six-week low, as ongoing concerns about China’s efforts to cool its economy weighed on the resources sector. Pan Pacific Petroleum led the market lower. More >>
NZ commodity prices post 11th straight gain: ANZ
Monday, 1 February 2010, 3:59 pm | Businesswire
Feb. 1 (BusinessWire) – The price of raw materials produced in New Zealand rose for the eleventh straight gain in January, led by skins, logs and beef, according to the ANZ Commodity Price Index. More >>
Oyster Bay grape price agreement delayed
Monday, 1 February 2010, 2:13 pm | Businesswire
Feb. 1 (BusinessWire) – Oyster Bay Marlborough Vineyards Ltd., which grows the grapes for wines made by Delegat’s Group Ltd., missed the due date to agree a price for its 2010 harvest, as it has for at least the past three years. More >>
NZ Dollar Outlook: Kiwi may fall on risk aversion
Monday, 1 February 2010, 1:27 pm | Businesswire
Feb. 1 (BusinessWire) – The New Zealand dollar is likely to fall below 70 U.S. cents this week, tracking a weaker Australian dollar, as ongoing fears about the state of the global recovery sap demand for currencies of commodity producers and ... More >>
NZ dollar falls; Greece, Europe sap risk appetite
Monday, 1 February 2010, 9:19 am | Businesswire
NZ dollar eases closer to 70 US cts as Greece’s fiscal woes sap risk appetite More >>
Stocks to watch: Allied, Charlie’s, GEL, HLG, NPX
Monday, 1 February 2010, 8:58 am | Businesswire
Feb. 1 (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 jobless rate may have climbed to 6.8% last qtr
Monday, 1 February 2010, 7:42 am | Businesswire
Feb. 1 (BusinessWire) – New Zealand’s unemployment rate probably rose in the fourth quarter to near its peak, as the ongoing impact of recession ensures surplus labour capacity and keeps a cap on wages growth. More >>
World Week Ahead: US needs jobs growth after GDP
Monday, 1 February 2010, 7:39 am | Businesswire
Feb. 1 (Business Wire) - Hot on the heels of Friday’s report showing the U.S. economy is powering ahead will be the latest read on whether all that activity is translating into jobs growth. More >>
Institutions pay $1.91 for Auckland Airport stock
Friday, 29 January 2010, 6:25 pm | Businesswire
Jan. 29 (BusinessWire) – Institutions will pay $1.91 a share for Auckland International Airport, close to the market price, after existing shareholders rushed to buy discounted stock in its 1-for16 offer. More >>
MARKET CLOSE: NZX 50 joins global sell-off; HLG up
Friday, 29 January 2010, 6:14 pm | Businesswire
Jan. 29 (BusinessWire) – New Zealand shares fell, joining a global slide amid renewed concern Greece will need a bail-out while economic recovery in the U.S. remains tepid and China looks to tighten credit. The NZX 50 Index fell less than its counterparts ... More >>
NZ Farming Systems reiterates FY profit forecast
Friday, 29 January 2010, 5:03 pm | Businesswire
Jan. 29 (BusinessWire) – NZ Farming Systems Uruguay Ltd., the company using intensive New Zealand dairy farming techniques to develop farms in South America, reiterated its target for a full-year loss, saying milk prices will be volatile after three ... More >>
Charlie’s turns to first-half profit; shares gain
Friday, 29 January 2010, 4:07 pm | Businesswire
Jan. 29 (BusinessWire) Charlie’s Group Ltd., the juicemaker, turned to a first-half profit on the sale of an Auckland property, cost cutting and growth in its Australian business. The shares jumped 5.6%. More >>
NZ bank liquidity rules may limit rate hikes: RBNZ
Friday, 29 January 2010, 1:27 pm | Businesswire
Jan. 29 (BusinessWire) – Reserve Bank of New Zealand Governor Alan Bollard says new liquidity rules for lenders, which come into effect in April, will restrict their access to cheap wholesale funding, helping damp credit growth and reducing the need ... More >>
Hallenstein forecasts 50% jump in 1H profit
Friday, 29 January 2010, 1:02 pm | Businesswire
Jan. 29 (BusinessWire) - Hallenstein Glasson Holdings Ltd., the clothing retailer, forecast a 50% jump in first-half profit after buoyant trading over the Christmas-New Year period and raised its dividend. The stock rose 4.6%. More >>
NZ’s annual trade deficit shrinks to 7-yr low
Friday, 29 January 2010, 12:27 pm | Businesswire
NZ’s annual trade deficit shrinks to lowest level in 7 years as imports fall More >>
Building consents stall in December as sales slide
Friday, 29 January 2010, 11:45 am | Businesswire
Jan. 29 (BusinessWire) – The revival in residential construction stalled last month in what was a tough December for house vendors, though non-residential building perked up to end the year flat. More >>
Telecom keen to be involved in broadband roll-out
Friday, 29 January 2010, 10:59 am | Businesswire
Jan. 29 (BusinessWire) – Telecom Corp., the country’s largest telecommunications company, is keen to be involved in the government’s $1.5 billion roll-out of high-speed broadband across the nation, putting forward two proposals and keeping the door open ... More >>
NZ consumers eschew plastic for personal loans, HP
Friday, 29 January 2010, 10:49 am | Businesswire
Jan. 29 (BusinessWire) – Applications for hire purchase and personal loans climbed last month, while credit cards declined, suggesting consumers are leaning toward more conservative borrowing in the wake of the recession, says Veda Advantage. More >>
Auckland Airport institutions snap up new shares
Friday, 29 January 2010, 9:59 am | Businesswire
Jan. 29 (BusinessWire) - Auckland International Airport said more than 99% of its institutional shareholders elected to take up discounted stock in its 1-for16 offer that is raising funds to pay for its foray into northern Queensland airports. More >>
NZ dollar holds above 70 cts; risk appetite fades
Friday, 29 January 2010, 9:45 am | Businesswire
Jan. 29 (BusinessWire) – The New Zealand dollar will likely hold above 70 U.S. cents today as traders buy on dips after risk appetite faded amid concerns over European sovereign solvency and ongoing problems in Greece. More >>
