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Businesswire - Latest News [Page 149]
Australian GDP grows at half the expected pace
Wednesday, 16 December 2009, 3:34 pm | Businesswire
Dec. 16 (BusinessWire) – Australia’s economy expanded at half the forecast pace in the third quarter and Reserve Bank Deputy Governor Ric Battellino hinted that the central bank may pause in the pace of interest rate hikes. The Australian dollar ... More >>
NZX picks globalDairyTrade as futures reference
Wednesday, 16 December 2009, 11:56 am | Businesswire
Dec. 16 (BusinessWire) – NZX Ltd. will use the milk powder price in Fonterra’s globalDairyTrade auctions as the benchmark for its futures contract to be launched next year, says chief executive Mark Weldon. More >>
PM to issue response to capital markets review
Wednesday, 16 December 2009, 10:55 am | Businesswire
Dec. 16 (BusinessWire) - Prime Minister John Key will lead the government's response to the recommendations of the Capital Market Development Taskforce, published today. More >>
Christmas splurge will lead to hangover: D&B
Wednesday, 16 December 2009, 10:20 am | Businesswire
Dec. 16 (BusinessWire) – Christmas spending on credit will take its toll on consumers in the New Year, with many people unable to pay back money spent over the holiday period, and debt referrals traditionally doubling in February, according to Dun & ... More >>
Fonterra to buy out Saudi partner for $45M
Wednesday, 16 December 2009, 10:10 am | Businesswire
Dec. 16 (BusinessWire) - Fonterra Cooperative Group, the world’s biggest exporter of dairy products, said it has reached agreement to purchase the remaining 51% of its Saudi Arabian joint venture from its partner for $45 million. More >>
Restaurant Brands lifts 3rd-quarter sales by 4.7%
Wednesday, 16 December 2009, 9:55 am | Businesswire
Dec. 16 (BusinessWire) - Restaurant Brands New Zealand Ltd., the fast-food franchise holder whose stock has more than doubled this year, reported a 4.7% gain in third-quarter sales and reiterated its forecast for annual profit to jump 50%. More >>
NZ dollar falls as US data pushes up greenback
Wednesday, 16 December 2009, 9:25 am | Businesswire
Dec. 15 (BusinessWire) – The New Zealand dollar fell after the greenback climbed to a two-month high as America printed stronger data in its production sectors, while slow growth in Europe was pegged by a downturn in business sentiment. More >>
Stocks to watch: Allied Farmers, NZX, OGC, WHS
Wednesday, 16 December 2009, 9:20 am | Businesswire
Dec. 16 (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 >>
Taskforce calls for financial adviser regulation
Wednesday, 16 December 2009, 9:09 am | Businesswire
Dec. 15 (BusinessWire) – Retail investors need warning labels on high risk products, simpler disclosure documents, and a deeper range of choices to put their money into, says the Capital Markets Development Taskforce, in its report released this morning ... More >>
While you were sleeping: Banks lead equities lower
Wednesday, 16 December 2009, 8:12 am | Businesswire
Dec. 16 (BusinessWire) - Bank stocks fell across Europe and in the U.S. amid concerns about credit quality and the prospect that the U.S. central bank would pave the way, as soon as tomorrow, for higher interest rates. More >>
MARKET CLOSE: NZ shares gain, led by Wrightson
Tuesday, 15 December 2009, 6:02 pm | Businesswire
Dec. 15 (BusinessWire) – New Zealand shares rose, led by PGG Wrightson, after a satisfactory uptake in the rural services company’s rights issue, raising funds to repay debt. The NZX 50 Index snapped two days of declines as news that Abu Dhabi ... More >>
NZ Super Fund grows on back of sharemarket rally
Tuesday, 15 December 2009, 4:31 pm | Businesswire
Dec. 15 (BusinessWire) – The New Zealand Superannuation Fund has grown to just over $15.6 billion at the end of November, making a return of almost 14.7% in the five months since the end of June. More >>
Treasury more upbeat on growth amid revenue risks
Tuesday, 15 December 2009, 1:37 pm | Businesswire
Dec. 15 (BusinessWire) – The Treasury has joined the growing consensus in revising up their economic forecasts, saying New Zealand came through the global financial crisis in better shape than most of its traditional trading partners, though there ... More >>
Govt debt programme to ease as interest costs rise
Tuesday, 15 December 2009, 1:21 pm | Businesswire
Dec. 15 (BusinessWire) – The government will cut its debt programme over the next four years as it looks to limit the impact of rising interest costs that are set to blow out by 2014. The New Zealand Debt Management Office (NZDMO) has increased ... More >>
New targets to bring government spending down
Tuesday, 15 December 2009, 1:19 pm | Businesswire
New targets to bring government spending down By Pattrick Smellie Dec. 15 (BusinessWire) - The Government is considering spending caps above which it would not spend in order to deal with intense spending pressure, Finance Minister Bill English said today ... More >>
Kiwi Income raises capital while IPOs falter
Tuesday, 15 December 2009, 12:46 pm | Businesswire
Dec. 15 (BusinessWire) – Kiwi Income Property Trust, owner of Auckland’s Sylvia Park Shopping Centre, raised $120 million through the sale of convertible notes, showing investors are attracted to a high fixed return in a market where IPOs have ... More >>
Recession shallower, recovery seen stronger: NZIER
Tuesday, 15 December 2009, 10:55 am | Businesswire
Dec. 15 (BusinessWire) – Economic forecasters say New Zealand’s recession was shallower than expected and next year’s recovery will be stronger than predicted six months ago – though they differ widely on the extent of the rebound. More >>
Stocks to watch: Air NZ, Allied Farmers, GMT, NZO
Tuesday, 15 December 2009, 9:30 am | Businesswire
Dec. 15 (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 gains as Abu Dhabi bails out Dubai World
Tuesday, 15 December 2009, 9:26 am | Businesswire
by Paul McBeth Dec. 15 (BusinessWire) – The New Zealand dollar gained as investors’ appetite for higher-yielding, riskier assets climbed amid news the government of Abu Dhabi would pump US$10 billion into Dubai World to help it avoid default on debt ... More >>
While you were sleeping: Dubai relief, Exxon
Tuesday, 15 December 2009, 6:55 am | Businesswire
Dec. 15 (Business Wire) - Shares were higher in Europe and on Wall Street amid relief that Dubai’s debt woes appeared to be checked and news that Exxon Mobil will pay US$41 billion in stock and debt for gas producer XTO Energy. More >>
