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Businesswire - Latest News [Page 151]
NZ dollar rises on scope for early rate hike
Friday, 11 December 2009, 9:15 am | Businesswire
Dec. 11 (BusinessWire) – The New Zealand dollar pushed towards 73 U.S. cents after the Reserve Bank brought forward its expectations for tighter monetary policy, stoking demand for the currency. More >>
While you were sleeping: Stocks rise, oil rebounds
Friday, 11 December 2009, 7:12 am | Businesswire
Dec. 11 (Business Wire) - Shares edged higher on Wall Street and in Europe on renewed hopes for a global recovery and an easing of concerns about Greece's fiscal health. More >>
MARKET CLOSE: NZ shares mixed; WHS falls, HLG up
Thursday, 10 December 2009, 5:59 pm | Businesswire
MARKET CLOSE: NZ shares mixed as Bollard flags rate hike; WHS, GFF fall, HLG up More >>
Cargill buys Goodman Fielder oils unit for A$240M
Thursday, 10 December 2009, 3:17 pm | Businesswire
Dec. 10 (BusinessWire) - Cargill Inc., the biggest U.S. privately owned company with annual sales of US$117 billion, agreed to buy Goodman Fielder Ltd.’s edible oils unit for A$240 million. More >>
Electricity Bill should include smart metres: PCE
Thursday, 10 December 2009, 2:47 pm | Businesswire
Dec. 11 (BusinessWire) - The New Zealand government should add mandatory smart meter technology requirements to the Electricity Bill, introduced to Parliament today to enact Energy Minister Gerry Brownlee's energy sector reforms, says the Parliamentary ... More >>
Bollard says kiwi dollar still overvalued
Thursday, 10 December 2009, 2:00 pm | Businesswire
Dec. 10 (BusinessWire) – Reserve Bank Governor Alan Bollard said the New Zealand dollar is still overvalued, though “a little less so” than in previous months, and will continue to hamper the country’s export market. The currency climbed over ... More >>
NZ terms of trade sinks to 4-year low
Thursday, 10 December 2009, 1:02 pm | Businesswire
NZ terms of trade sinks to 4-year low as high kiwi saps price of dairy and meat More >>
NZ manufacturing activity climbs in Nov: PMI
Thursday, 10 December 2009, 12:03 pm | Businesswire
Dec. 10 (BusinessWire) – New Zealand manufacturing climbed to a 21-month high in November, adding to signs that the sector has pulled itself out of a hole after contracting for 16 straight months, according to the BNZ Capital-Business NZ Performance of Manufacturing ... More >>
Bollard hints at earlier rate hikes; kiwi jumps
Thursday, 10 December 2009, 11:00 am | Businesswire
Dec. 10 (BusinessWire) – Reserve Bank Governor Alan Bollard brought forward the likely timing of increases in the official cash rate after lifting his forecast for the pace of economic growth, driving up the kiwi dollar and short bond rates. More >>
NZ dollar jumps on Bollard hint of early rate hike
Thursday, 10 December 2009, 10:47 am | Businesswire
Dec. 10 (BusinessWire – The New Zealand dollar jumped more than half a cent after Reserve Bank Governor Alan Bollard hinted he would raise interest rates early than expected as the country’s economy bounces back faster than he anticipated. More >>
Meridian cancels bond; Powershop CEO off leash
Thursday, 10 December 2009, 9:54 am | Businesswire
Dec. 10 (BusinessWire) - Meridian Energy is demonstrating its displeasure with electricity reforms announced yesterday by cancelling what would have been its first retail debt issue, while the head of its subsidiary retail brand, PowerShop, made comments highly ... More >>
Stocks to watch: Contact, TrustPower, Infratil
Thursday, 10 December 2009, 9:42 am | Businesswire
Stocks to watch: Contact, TrustPower, Infratil, Sealegs Dec. 10 (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 ... More >>
Tax reform and fiscal restraint key, says Bollard
Thursday, 10 December 2009, 9:39 am | Businesswire
by Jonathan Underhill Dec. 10 (BusinessWire) – Reserve Bank Governor Alan Bollard singled out tax reform as a way to increase the effectiveness on monetary policy over the economic cycle while encouraging savings rather than property investment. More >>
UPDATED: NZ’s Bollard keeps OCR unchanged
Thursday, 10 December 2009, 9:37 am | Businesswire
by Paul McBeth Dec. 10 (BusinessWire) – Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5% and removed his insistence that rates will remain on hold until the second-half of next year, saying New Zealand’s ... More >>
OCR unchanged, but rates hikes sooner than later
Thursday, 10 December 2009, 9:08 am | Businesswire
Dec. 10 (BusinessWire) – Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5%, as expected, and brought forward the likely timing of interest rate increases, forecasting a fastger pace of economic recovery. More >>
While you were sleeping: Banks hit, Spain next?
Thursday, 10 December 2009, 7:07 am | Businesswire
Dec. 9 (Business Wire) - Bank stocks across Europe and the U.S. fell overnight, hit hard by heightening concerns about the credit quality of global financial firms after Spain was put on watch for a potential downgrade by Standard & Poor’s. More >>
MARKET CLOSE: NZ shares fall; CEN, PPP drop
Wednesday, 9 December 2009, 6:13 pm | Businesswire
Dec. 9 (BusinessWire) – New Zealand shares fell, pushing the NZX 50 Index lower for a fourth day amid global jitters that followed Greece’s credit rating downgrade, losses at Dubai World and weaker-than-expected economic growth in Japan. Contact ... More >>
More risk than reward in power shake-up:TrustPower
Wednesday, 9 December 2009, 5:41 pm | Businesswire
by Pattrick Smellie Listed electricity generator and retailer TrustPower Ltd is the only major player in the sector willing to express a detailed view on today's announcement by Energy Minister Gerry Brownlee of sweeping electricity market reforms, saying ... More >>
Fonterra plans to buy out Saudi JV partner
Wednesday, 9 December 2009, 2:04 pm | Businesswire
Dec. 9 (BusinessWire) Fonterra Cooperative Group, the world’s biggest exporter of dairy products, has conditional agreement to purchase the remaining 51% of its Saudi Arabian joint venture from its partner. More >>
Brownlee makes major electricity market shake-up
Wednesday, 9 December 2009, 2:00 pm | Businesswire
Dec. 9 (BusinessWire) - Energy Minister Gerry Brownlee has adopted almost every major recommendation of the Electricity Technical Advisory Group, in a package of reforms for the electricity market that he describes as "putting the boot back on the ... More >>
