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Businesswire - Latest News [Page 160]
Treasury tweaks retail deposit guarantee scheme
Wednesday, 18 November 2009, 6:03 pm | Businesswire
by Paul McBeth Nov. 18 (BusinessWire) – The Treasury has made some tweaks to the government’s retail deposit guarantee, giving non-bank deposit takers a “stand down” period in the face of a potential default before invoking the scheme, and ... More >>
Get in behind the ETS, Key tells Federated Farmers
Wednesday, 18 November 2009, 3:48 pm | Businesswire
Nov 18 (BusinessWire) - Prime Minister John Key has appealed to the country's peak farming lobby, Federated Farmers, to get in behind the Emissions Trading Scheme or risk global consumers seeing New Zealand as uncaring about the environment. More >>
Fonterra’s farmers agree to raise share cap
Wednesday, 18 November 2009, 3:43 pm | Businesswire
Nov. 18 (BusinessWire) – Shareholders of Fonterra Cooperative Group, the world’s largest exporter of dairy products, voted to allow themselves to hold shares amounting to 120% of their production in the first step of a strategy to restructure the company. More >>
Allied Farmers offers hand of welcome to Hanover
Wednesday, 18 November 2009, 1:45 pm | Businesswire
Nov. 18 (BusinessWire) – Allied Farmers, with a market value of $12 million, agreed to buy Hanover Finance’s financial assets for $400 million in stock, effectively giving Hanover’s debenture holders 95%of the enlarged company. More >>
Windflow drops court action on Windfarms payment
Wednesday, 18 November 2009, 12:58 pm | Businesswire
Nov 18 (BusinessWire) - Wind turbine manufacturer Windflow Technology Ltd has discontinued court action against its sole customer, New Zealand Windfarms Ltd, following a $1.8 million part payment for outstanding invoices, Windflow advised the NZX today. More >>
Encouraging gas finds "crucial for NZ
Wednesday, 18 November 2009, 12:04 pm | Businesswire
Nov. 18 (BusinessWire) - Improving the economics of New Zealand gas developments is "crucial" to the Government's desire for an upsurge in oil and gas developments, says a government-commissioned review of the petroleum tax regime by experts in such ... More >>
Allied Farmers to buy Hanover, United assets
Wednesday, 18 November 2009, 10:59 am | Businesswire
Nov. 18 (BusinessWire) - Allied Farmers agreed to buy the financial assets of Hanover Finance and United Finance in an all-stock a deal worth about $400 million. Allied’s shares jumped 6.1% to 35 cents when they resumed trading after being halted for the ... More >>
NZ dollar edges lower RBA outlook, weak data
Wednesday, 18 November 2009, 10:15 am | Businesswire
Nov. 18 (BusinessWire) – The New Zealand dollar edged lower with Australia’s currency declined on the back of the country’s central bank reaffirming it will gradually hike interest rates, while weaker than expected production data in the ... More >>
Stocks to watch: Allied Farmers, CHA, IFT, NZO
Wednesday, 18 November 2009, 9:58 am | Businesswire
Nov. 18 (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: Bernanke sees challenges
Wednesday, 18 November 2009, 9:00 am | Businesswire
Nov. 18 (BusinessWire) – Federal Reserve Chairman Ben Bernanke said the U.S. economy still faces “significant economic challenges” as data showed industrial production is barely growing and wholesale inflation is tame. More >>
MARKET CLOSE: NZX 50 falls as IPOs loom; IFT down
Tuesday, 17 November 2009, 10:10 pm | Businesswire
Nov. 17 (BusinessWire) – New Zealand shares fell, tracking a slide in Australian equities, after banks sold off and as investors await a wave of new share sales and the outcome of Infratil Ltd.’s talks to buy Shell New Zealand’s assets. More >>
MARKET CLOSE: NZX 50 falls as IPOs loom; IFT down
Tuesday, 17 November 2009, 6:18 pm | Businesswire
Nov. 17 (BusinessWire) – New Zealand shares fell, tracking a slide in Australian equities, after banks sold off and as investors await a wave of new share sales and the outcome of Infratil Ltd.’s talks to buy Shell New Zealand’s assets. More >>
Hanover confirms investors will get 70%
Tuesday, 17 November 2009, 3:43 pm | Businesswire
Nov. 17 (BusinessWire) – Hanover Finance, which convinced its investors to agree to a moratorium on repayments last year, has confirmed they’ll now get 70% of their money back at best. More >>
Jasons profit drops on What's On guides
Tuesday, 17 November 2009, 12:47 pm | Businesswire
Nov. 17 (BusinessWire) – Jasons Travel Media said first-half earnings fell 11% as the economic downturn dented advertising at its What's On guides, offsetting stronger returns from its holiday directories as more kiwis chose to take vacations at home. More >>
Infratil posts first-half loss on charges
Tuesday, 17 November 2009, 12:11 pm | Businesswire
Nov. 17 (BusinessWire) – Infratil Ltd., the airport, bus and power company investor, posted a first-half loss after taking a charge against the value of its U.K. airports and to revalue financial derivatives. More >>
AllianceBernstein to close NZ base
Tuesday, 17 November 2009, 11:44 am | Businesswire
Nov. 17 (BusinessWire) – AllianceBernstein, which manages $4 billion in New Zealand investments, will close its local office and plans to manage the funds from Australia as a global outflow of funds prompts the firm to trim its headcount. More >>
Goodman Property meets target for $150M bond sale
Tuesday, 17 November 2009, 10:21 am | Businesswire
Nov. 17 (BusinessWire) – Goodman Property Trust will meet its target of selling $150 million of five-year bonds paying 7.7% interest that will trade on the NZX’s debt market. More >>
NZ dollar pushes towards 75 US cts as stocks gain
Tuesday, 17 November 2009, 10:08 am | Businesswire
Nov. 17 (BusinessWire) – The New Zealand dollar pushed toward 75 U.S. cents as stocks rallied on Wall Street and in Europe, and figures showed retail sales in America gained more than expected. More >>
Stocks to watch: AMP, Cynotech, GFF, Infratil
Tuesday, 17 November 2009, 9:53 am | Businesswire
Nov. 17 (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: US retail sales climb
Tuesday, 17 November 2009, 9:14 am | Businesswire
Nov. 17 (BusinessWire) – Stocks rose on Wall Street, extending a global rally, and commodities advanced as figures showed stronger-than-expected U.S. retail sales and after APEC nations pledged to maintain stimulus measures. More >>
