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Businesswire - Latest News [Page 139]
Stocks to watch: Affco, Contact, FPH, KIP, Nuplex
Friday, 22 January 2010, 9:38 am | Businesswire
Jan. 22 (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: Obama takes aim at big banks
Friday, 22 January 2010, 7:07 am | Businesswire
Jan. 22 (Business Wire) - President Barack Obama has moved to renew his reform agenda, proposing to limit the trading activities of America’s banks so that the nation won’t ever again “be held hostage by a bank that is too big to fail”. More >>
MARKET CLOSE: NZX 50 slips for 5th day; KIP falls
Thursday, 21 January 2010, 6:22 pm | Businesswire
Jan. 21 (BusinessWire) – New Zealand shares fell, pushing the NZX 50 Index lower for a fifth straight day, as Kiwi Income Property Trust led property investors to a second daily slide. Fisher & Paykel Healthcare rose as a kiwi dollar weakened. More >>
Cullen Fund continues to bounce back
Thursday, 21 January 2010, 3:09 pm | Businesswire
Jan. 21 (BusinessWire) - The New Zealand Superannuation Fund continues to claw its way back from the 22% investment losses reported at the height of the global financial crisis, posting a 17.4% return for the six months to December 31. More >>
Takeovers Panel responds to article on Cynotech
Thursday, 21 January 2010, 12:25 pm | Businesswire
Jan. 21 (BusinessWire) - The Takeovers Panel has made the following points with respect to the article ‘Allan Hawkins confident of success in second tilt at Cynotech,’ published on BusinessWire, on Jan. 19. More >>
NZ retail sales gain in November on fuel
Thursday, 21 January 2010, 11:42 am | Businesswire
Jan. 21 (BusinessWire) – New Zealand retail sales resumed growth in November as rising petrol prices pushed up spending on fuel, and demand for goods including garden supplies and jewellery grew the most in 17 months. More >>
NZ manufacturing climbs to 2-year high: PMI
Thursday, 21 January 2010, 11:33 am | Businesswire
Jan. 21 (BusinessWire) – New Zealand manufacturing climbed to its highest level in two years in December, led by an increase in production and new orders, underlining the economy’s recovery from recession. More >>
Carter Holt in huge dairy conversion sell-off
Thursday, 21 January 2010, 10:28 am | Businesswire
Jan. 21 (BusinessWire) - Carter Holt Harvey Ltd is placing 29 dairy farms on converted Waikato forestry land on the market, asking $224.5 million in the largest single offering of farming land ever seen in New Zealand, according to Bayleys Real Estate, ... More >>
Stocks to watch: F&P Healthcare, ING, LPC, WHS
Thursday, 21 January 2010, 9:44 am | Businesswire
Jan. 21 (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 tumbles to lowest in 2010 on CPI, China
Thursday, 21 January 2010, 9:38 am | Businesswire
Jan. 21 (BusinessWire) – The New Zealand dollar tumbled to its lowest level this year after a fall in consumer price index caused investors to pare back their expectations for an early rate hike by the central bank, while Chinese authorities reined in lending ... More >>
While you were sleeping: Stocks hit by China, earnings
Thursday, 21 January 2010, 7:16 am | Businesswire
Jan. 21 (Business Wire) - Stocks fell sharply after China moved to curb lending and several more big U.S. banks signalled that credit losses would continue to pose a threat for some time. More >>
Why wait for the Aussies on tax, says English
Wednesday, 20 January 2010, 6:17 pm | Businesswire
Jan. 20 (BusinessWire) - New Zealand has an opportunity to cut company tax rates ahead of Australia, rather than waiting for the results of Canberra's fundamental tax system review, Finance Minister Bill English said today in answer to questions ... More >>
MARKET CLOSE: NZ shares fall, led by property
Wednesday, 20 January 2010, 6:04 pm | Businesswire
Jan. 20 (BusinessWire) – New Zealand shares fell for a fourth day, led by property investors including ING Property Trust amid concern proposed changes to tax policy may reduce their ability to claim depreciation on some assets. More >>
Fonterra plans $250 mln bond offer
Wednesday, 20 January 2010, 5:31 pm | Businesswire
Fonterra plans $250 mln bond offer Jan. 20 (BusinessWire) - Fonterra, the New Zealand dairy cooperative, is to raise up to $250 million in senior unsecured bonds over February and March, the company said in a preliminary announcement today. More >>
NZ property investors face double-whammy from TWG
Wednesday, 20 January 2010, 3:22 pm | Businesswire
Jan. 20 (BusinessWire) - Residential property investors face a double-whammy under proposals unveiled today by the Tax Working Group which could raise $2 billion from a sector currently costing taxpayers $150 million a year. More >>
Brownlee green-lights for Reinga Basin
Wednesday, 20 January 2010, 3:08 pm | Businesswire
Brownlee gives the green light for Reinga Basin exploration Jan. 20 (BusinessWire) – Energy Minister Gerry Brownlee has given the green light for six new petroleum exploration blocks in the Reinga Basin on the northwest cost of New Zealand. More >>
Dunne signals action on Working for Families rorts
Wednesday, 20 January 2010, 2:05 pm | Businesswire
Jan 20. (BusinessWire) - Revenue Minister Peter Dunne threw out a strong signal today that the government will crack down on people using trusts, companies and heavily indebted residential property investments to qualify for Working for Families tax ... More >>
Tax Working Group: Main Recommendations
Wednesday, 20 January 2010, 1:45 pm | Businesswire
Tax Working Group: Main Recommendations The main recommendations of the Tax Working Group final report are: More >>
Tax group recommends higher GST and land tax
Wednesday, 20 January 2010, 1:03 pm | Businesswire
Jan. 20 (BusinessWire) - Raising GST to 15% and closing down around $2 billion a year in tax loopholes on property ownership would help pay for tax reforms that could cut the top personal tax rate to 30% and the company tax rate to 25%, says the Tax ... More >>
NZ dollar tumbles as weak CPI may delay rate hikes
Wednesday, 20 January 2010, 11:35 am | Businesswire
Jan. 20 (BusinessWire) – The New Zealand dollar tumbled 0.6% after the Consumer Price Index unexpectedly shrank last quarter, pushing out the likely timing of interest rate increases by the Reserve Bank. More >>
