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Businesswire - Latest News [Page 147]
ASX in box seat to run NZ energy hedge market
Tuesday, 22 December 2009, 9:02 am | Businesswire
by Pattrick Smellie Dec. 22 (BusinessWire) - NZX Ltd's contract to manage the country's rudimentary electricity hedge market is threatened by the speed with which Energy Minister Gerry Brownlee expects a deeper, more liquid hedge market to be established. More >>
Economists in line with Bollard on Q3 GDP growth
Tuesday, 22 December 2009, 8:27 am | Businesswire
Dec. 21 (BusinessWire) – New Zealand’s economy probably accelerated out of recession in the third quarter, underpinning Reserve Bank Governor Alan Bollard’s decision to flag an earlier timetable for interest rate increases. More >>
While you were sleeping: Economic optimism surges
Tuesday, 22 December 2009, 7:39 am | Businesswire
Dec. 22 (BusinessWire) – Stocks rallied across Europe and on Wall Street amid signs that the global economic recovery was strengthening. More >>
MARKET CLOSE: NZ shares edge lower; PGW, ALF down
Monday, 21 December 2009, 5:50 pm | Businesswire
Dec. 21 (BusinessWire) – New Zealand shares edged lower, as data showing a drop in tourist numbers weighed on Air New Zealand and Tourism Holdings, and PGG Wrightson sank after the completion of its rights issue. More >>
Capital + Merchant Finance put into liquidation
Monday, 21 December 2009, 2:10 pm | Businesswire
Dec. 21 (BusinessWire) - Failed finance company Capital + Merchant Finance was been put into liquidation last week, leaving some 7,000 debenture holders with little chance of clawing back any of their losses. More >>
Infratil, Guardians move closer to Shell deal
Monday, 21 December 2009, 2:07 pm | Businesswire
Dec. 21 (BusinessWire) – Infratil Ltd. and the Guardians of New Zealand Superannuation moved a step closer to acquiring the local downstream assets of Royal Dutch Shell Group after signing a letter of intent for the purchase. More >>
NZ Dollar Outlook: Kiwi may hold above 70 US cts
Monday, 21 December 2009, 12:41 pm | Businesswire
NZ Dollar Outlook: Kiwi may hold above 70 US cts ahead of Xmas on NZ data More >>
New Zealand’s net migrant inflow surges
Monday, 21 December 2009, 11:58 am | Businesswire
New Zealand’s net migrant inflow surges as more kiwis stay at home during recession More >>
Comvita signs global licensing deal with Derma
Monday, 21 December 2009, 11:43 am | Businesswire
Dec. 21 (BusinessWire) – Comvita Ltd., which develops products based on the medicinal properties of honey, will sign over the global licensing rights to its Medihoney products to Derma Sciences Inc. for US$4.25 million in cash and stock, and ongoing ... More >>
Stocks to watch: Cynotech, NZ Refining, Pulse
Monday, 21 December 2009, 9:27 am | Businesswire
Dec. 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 holds above 71 US cts
Monday, 21 December 2009, 9:23 am | Businesswire
Dec. 21 (BusinessWire) – The New Zealand dollar held above 71 U.S. cents as investors continue to unwind their short positions in the greenback to lock in gains from higher-yielding, or riskier, assets that have surged from their lows earlier this year. More >>
World Week Ahead: Measuring the pace of recovery
Monday, 21 December 2009, 8:03 am | Businesswire
Dec. 21 (Business Wire) - Christmas may be just days away but investors remain focused on the pace of the recovery in the world’s biggest economy. More >>
MARKET CLOSE: NZ shares climb; Cavalier, HLG gain
Friday, 18 December 2009, 5:48 pm | Businesswire
Dec. 18 (BusinessWire) – New Zealand shares rose for the third day in four amid signs consumer confidence is holding up in the peak Christmas period. Hallenstein Glasson Holdings led advances among retailers and carpet-maker Cavalier Corp. jumped. More >>
Pulse Utilities raises $4 million
Friday, 18 December 2009, 4:52 pm | Businesswire
Dec. 18 (BusinessWire) - Pulse Utilities Ltd, the smart meter developer and start-up electricity retailer, has raised $4.256 million in private placements to 18 investors, including prominent racehorse owner Robert Famularo, CallPlus founder Malcolm Dick, ... More >>
NZ consumer confidence slips for second month
Friday, 18 December 2009, 4:12 pm | Businesswire
Dec. 18 (BusinessWire) – New Zealand consumer confidence fell for a second month in December, while remaining at an elevated level, with those polled generally more upbeat about the future than their circumstances right now, according to the ANZ-Roy ... More >>
SMELLIE SNIFFS THE BREEZE: Taking our Lumps
Friday, 18 December 2009, 3:46 pm | Businesswire
Dec. 18 (BusinessWire) - Watching the Copenhagen climate change summit from Wellington today brings to mind the Pineapple Lumps ad where the Kiwi turns up late, hits the button, and is delighted to receive a toothsome booby prize while other countries ... More >>
Regulatory risks "notably high" for Telecom: Fitch
Friday, 18 December 2009, 3:40 pm | Businesswire
Dec. 18 (BusinessWire) - The New Zealand government's ultra-fast broadband policy has raised the significance of regulatory risks for Telecom New Zealand Ltd, says the international credit rating agency, Fitch, in an update report on Asia-Pacific ... More >>
Big challenge to make energy hedge market work
Friday, 18 December 2009, 1:11 pm | Businesswire
Dec. 18 (BusinessWire) - Requiring electricity generators to make around 7% of their total production available to make a liquid electricity hedge market will be "difficult to achieve", says Wellington broking house McDouall Stuart's head of research, ... More >>
World economy needs a stronger Chinese currency
Friday, 18 December 2009, 12:44 pm | Businesswire
Dec. 18 (BusinessWire) - China's practice of pegging its currency, the yuan, to the US dollar is hampering global economic recovery and is likely to become unsustainable in the year ahead, says the chief economist for AXA Global Investors in New Zealand, ... More >>
Telstra cuts 2010 sales forecast, sees no growth
Friday, 18 December 2009, 11:41 am | Businesswire
Dec. 18 (BusinessWire) – Telstra Corp., Australia’s biggest phone company, cut its sales forecast for fiscal 2010, citing a strong currency, rivalry for mobile phone services and a greater take-up of wireless-only homes. More >>
