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Businesswire - Latest News [Page 146]
South Canterbury BB+ rating affirmed by S&P
Thursday, 24 December 2009, 2:55 pm | Businesswire
Dec. 24 (BusinessWire) - South Canterbury Finance Ltd., the finance company owned by Allan Hubbard, had its BB+ credit rating affirmed by Standard & Poor’s, reflecting its access to debenture funding, new independent directors and clean financial ... More >>
Stocks to watch: Allied, AIA, NZX, WBC
Thursday, 24 December 2009, 9:57 am | Businesswire
Dec. 24 (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 trades above 70 cts on US housing data
Thursday, 24 December 2009, 9:33 am | Businesswire
Dec. 24 (BusinessWire) – The New Zealand dollar climbed back over 70 U.S. cents as the greenback ran out of puff before Christmas amid weaker-than-expected U.S. housing data. More >>
NZX touts benefits of local electricity futures
Thursday, 24 December 2009, 8:30 am | Businesswire
Dec. 24 (BusinessWire) – NZX Ltd., the New Zealand stock exchange operator, says it is best placed to host a local electricity futures market and warns of the pitfalls of foreign ownership. More >>
Banks deliver $2.2 billion Xmas bonus to NZ
Thursday, 24 December 2009, 8:26 am | Businesswire
Dec. 23 (BusinessWire) – New Zealand’s four largest foreign-owned banks have thrown in the towel and settled tax avoidance disputes with the Inland Revenue Department for more than $2.2 billion in what is believed to be the largest commercial settlement ... More >>
While you were sleeping: Stocks flat on mixed data
Thursday, 24 December 2009, 7:15 am | Businesswire
Dec. 24 (BusinessWire) - Shares in Europe and in the U.S. were little changed on the last full day of trading this week as a mix of economic reports had investors rethinking where best to place their bets on what lies ahead early in the new year. More >>
MARKET CLOSE: NZ shares join global rally; NZR up
Wednesday, 23 December 2009, 6:00 pm | Businesswire
Dec. 23 (BusinessWire) – New Zealand shares rose for a second day, helped by improved sentiment in equities markets worldwide and a weaker New Zealand dollar that helps exporters. New Zealand Refining and Fisher & Paykel Healthcare were among gainers. More >>
NZX gets almost glowing report from regulator
Wednesday, 23 December 2009, 4:36 pm | Businesswire
Dec. 23 (BusinessWire) – NZX Ltd.’s performance as a registered exchange was ‘good,’ according to a Securities Commission review covering calendar 2008, though the regulator would prefer the chief executive not have direct oversight of regulatory ... More >>
Lyttelton Port says 2010 profit may decline
Wednesday, 23 December 2009, 2:27 pm | Businesswire
Dec. 23 (BusinessWire) – Lyttelton Port Co., which is considering a merger with South Island rival Port Otago Ltd., said full-year profit may decline, reflecting weaker first-half trading. More >>
NZ economy expands 0.2% in 3rd-qtr, kiwi drops
Wednesday, 23 December 2009, 11:51 am | Businesswire
NZ economy expands 0.2% in 3rd-qtr, half the pace Bollard expected; kiwi drops More >>
Contact extends outage at Otahuhu B for repairs
Wednesday, 23 December 2009, 10:38 am | Businesswire
Dec. 23 (BusinessWire) - Contact Energy Ltd., the biggest power company on the NZX 50, has extended a scheduled maintenance outage at its Otahuhu B power station after finding cracks in welds on the heat recovery steam generator. More >>
NZ dollar may drop below 70 cts if GDP disappoints
Wednesday, 23 December 2009, 9:18 am | Businesswire
Dec. 23 (BusinessWire) – The New Zealand dollar may drop below 70 U.S. cents for the first time since September if data out today shows New Zealand’s economy isn’t recovering as quickly as anticipated. More >>
Stocks to watch: Air NZ, Allied, AIA, LPC, PGC
Wednesday, 23 December 2009, 9:11 am | Businesswire
Dec. 23 (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: Focus on the positive
Wednesday, 23 December 2009, 6:58 am | Businesswire
Dec. 23 (BusinessWire) - Investors continued to push stock prices higher in both Europe and on Wall Street, looking through the downgrade of Greece’s debt rating and the mix of economic reports in the U.K. and the U.S. to more gains in 2010. More >>
MARKET CLOSE: NZ shares rise; FPA, WHS, ALF gain
Tuesday, 22 December 2009, 5:58 pm | Businesswire
Dec. 22 (BusinessWire) – New Zealand shares rose in light trading, joining a global rally on optimism the global economic recovery is picking up pace. Fisher & Paykel Appliances led the advance. More >>
Meridian pushes ahead with retail bond offer
Tuesday, 22 December 2009, 12:28 pm | Businesswire
Dec. 22 (BusinessWire) - Meridian Energy is pushing ahead with its first issue of retail bonds and will shortly resume its Renewable Energy Bonds programme once documentation is revised to reflect the impacts of electricity industry reforms announced earlier ... More >>
NZ posts smallest current account gap in 6 years
Tuesday, 22 December 2009, 12:24 pm | Businesswire
Dec. 22 (BusinessWire) – New Zealand posted the smallest annual current account deficit in six years as the weak domestic economy trimmed profits at foreign-owned companies and sapped demand for imports. More >>
Air NZ arrests slide in passenger numbers
Tuesday, 22 December 2009, 11:02 am | Businesswire
Dec. 22 (BusinessWire) – Air New Zealand, the national carrier, slowed the decline in passenger numbers last month, amid signs of increased demand on North American and domestic routes. More >>
Stocks to watch: Allied, Cynotech, Fletcher, NZX
Tuesday, 22 December 2009, 9:29 am | Businesswire
Dec. 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 >>
NZ dollar extends decline to three-month low
Tuesday, 22 December 2009, 9:26 am | Businesswire
Dec. 22 (BusinessWire) – The New Zealand dollar extended its decline for a seventh straight day amid continued unwinding of short positions in the U.S. dollar and as investors await data that’s expected to show the nation’s current account deficit ... More >>
