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Businesswire - Latest News [Page 16]
MARKET CLOSE: NZ shares fall; Goodman Fielder, Westpac drop
Thursday, 16 February 2012, 5:56 pm | Businesswire
Feb. 16 (BusinessDesk) – New Zealand shares fell, led by foodmaker Goodman Fielder and Australian lender Westpac after they posted results that disappointed some investors. Michael Hill gained after lifting profit despite a struggle in Australia. More >>
NZ dollar falls amid Greek rescue fears, Moody’s warns banks
Thursday, 16 February 2012, 5:25 pm | Businesswire
Feb. 16 (BusinessDesk) – The New Zealand dollar sank more than 1 US cent in local trading after investors’ optimism was burst by fears Greece’s rescue package will be put off until after the April election and Moody’s Investors Service put ... More >>
Pengxin still hopeful on Crafar farms
Wednesday, 15 February 2012, 7:25 pm | Businesswire
Feb. 15 (BusinessDesk) – The would-be Chinese buyer of the 16 Crafar dairy farms remains optimistic it will still get to own the properties, with the Overseas Investment Office expecting to make a new recommendation on the bid “in a matter of days”. More >>
MARKET CLOSE: NZ shares fall; Cavalier plunges
Wednesday, 15 February 2012, 6:03 pm | Businesswire
Feb. 15 (BusinessDesk) – New Zealand shares fell after carpet maker Cavalier issued a profit warning, sending its shares down by almost a fifth and stoking concern other companies tied to construction, such as Fletcher Building, may be hurting. More >>
NZ dollar climbs on retail sales, Chinese support for Europe
Wednesday, 15 February 2012, 5:50 pm | Businesswire
Feb. 15 (BusinessDesk) – The New Zealand dollar rose 1 US cent in the local trading session after stronger-than-expected retail sales data and Chinese government support for Europe stoked investors’ appetite for higher-yielding, or riskier, assets. More >>
Treasury names Brendon Doyle as deputy secretary
Wednesday, 15 February 2012, 5:09 pm | Businesswire
Feb. 15 (BusinessDesk) – The Treasury named Brendon Doyle as its new deputy secretary for financial operations. More >>
Pyne Gould negotiates $8.9M exit from EPIC fund management
Tuesday, 14 February 2012, 10:50 pm | Businesswire
Feb. 14 (BusinessDesk) – Pyne Gould Corp, which has effectively been taken over by major shareholders George Kerr and Baker Street Capital, has negotiated an $8.9 million exit from the management of Equity Partners Infrastructure Company No 1 (EPIC). More >>
NZ home sales recover in January as listings still lag
Tuesday, 14 February 2012, 6:00 pm | Businesswire
Feb. 14 (BusinessDesk) – New Zealand home sales climbed by more than a quarter in January from the same month last year as the market gradually recovers momentum after an extended lull. More >>
MARKET CLOSE: NZ shares fall after Mainfreight result
Tuesday, 14 February 2012, 5:54 pm | Businesswire
Feb. 14 (BusinessDesk) – New Zealand shares fell, led by Mainfreight after the transport group posted quarterly earnings that missed some estimates. Air New Zealand and Freightways also declined. More >>
NZ dollar falls below 83 US cts after Moody's Europe cuts
Tuesday, 14 February 2012, 5:16 pm | Businesswire
NZ dollar falls below 83 US cts as global optimism fades with Moody’s downgrades More >>
World Week Ahead: Last roll of dice for Greece
Monday, 13 February 2012, 6:20 am | Businesswire
Feb. 13 (BusinessDesk) - Investors are once again reminded they shouldn't count their chickens until they're hatched. The fate of Greece within the euro zone appears set to be decided within days. Time has run out. The Greeks have no one to blame but ... More >>
Christchurch house buyers expecting big price rises
Monday, 13 February 2012, 6:09 am | Businesswire
Feb. 12 (BusinessDesk) – House price inflation expectations were greatest in Christchurch at the end of last year, according to an ACNielsen poll for ASB’s monthly Housing Confidence Index. More >>
SMELLIE ON SMEs: Reposition for growth
Monday, 9 January 2012, 7:06 am | Businesswire
Jan. 9 (BusinessDesk) – Accounting firm Grant Thornton is best known to us business journalists as a shop that does a fair few receiverships and liquidations, and they’ve come up with some thoughts on how small businesses can reposition for better profits, ... More >>
World Week Ahead: European debt, American profits
Monday, 9 January 2012, 6:55 am | Businesswire
World Week Ahead: European debt, American profits By Margreet Dietz Jan. 9 (BusinessDesk) - The second week of the New Year may prove more telling for investors than the first with a slew of European nations set to tap debt markets and corporate America set ... More >>
UPDATED: Hotchin cuts deal with IRD over forestry investment
Wednesday, 4 January 2012, 8:16 pm | Businesswire
Jan. 4 (BusinessDesk) – Former Hanover Finance boss Mark Hotchin cut a deal with the tax department after an audit of one of his forestry investments forced him to wind up the companies involved. More >>
Dairy product prices fall 0.7% in first GDT auction for 2012
Wednesday, 4 January 2012, 7:39 am | Businesswire
Jan. 4 (BusinessDesk) – Prices of dairy products fell in the first sale on Fonterra Cooperative Group’s GlobalDairyTrade platform for 2012, paced by whole and skim milk powder. More >>
SMELLIE ON SMEs: Client details and sorry tale of Stratfor
Wednesday, 4 January 2012, 7:21 am | Businesswire
Jan. 2 (BusinessDesk) – As a business journalist trying to follow the world as well as New Zealand, I used to subscribe to a reasonably expensive newsletter, called Stratfor. More >>
NZ GDP grows 0.8% in 3Q, on manufacturing; inventories surge
Thursday, 22 December 2011, 10:49 am | Businesswire
Dec. 22 (BusinessDesk) – The New Zealand economy expanded at the fastest pace since 2009 in the third quarter, beating estimates, as manufacturers cranked up production, making up for a contraction in the construction industry. More >>
Dairy product prices fall 1.6% in GlobalDairyTrade auction
Wednesday, 21 December 2011, 7:19 am | Businesswire
Dec. 21 (BusinessDesk) – Prices of dairy products fell for the first time in three sales on Fonterra Cooperative Group’s GlobalDairyTrade platform, with declines in most of the products on offer. More >>
World Week Ahead: American GDP, housing
Monday, 19 December 2011, 7:50 am | Businesswire
World Week Ahead: American GDP, housing By Margreet Dietz Dec. 19 (BusinessDesk) - Investors are painfully aware that Europe's debt troubles are far from resolved and the world's major credit agencies are loudly reminding - and are expected to ... More >>
