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Businesswire - Latest News [Page 163]
While you were sleeping: MBIA posts loss
Wednesday, 11 November 2009, 8:56 am | Businesswire
Nov. 11 (BusinessWire) – Shares on Wall Street pared their gains from a six-day advance after MBIA Inc., the world’s biggest bond insurer, posted a loss on credit derivatives, sending its stock down by more than a fifth. More >>
BioVittoria depends on new food brands for growth
Tuesday, 10 November 2009, 10:38 pm | Businesswire
by Pattrick Smellie Nov 10 (BusinessWire) - BioVittoria Ltd's patented PureLo sweetener will only grow as fast as the food and beverage industry launches new products, the company's prospectus for its $20 million New Zealand sharemarket float makes clear. More >>
MARKET CLOSE: NZ stocks gain with AMP; IFT falls
Tuesday, 10 November 2009, 6:04 pm | Businesswire
Nov. 10 (BusinessWire) – New Zealand shares ended the session higher, led by insurers, after AMP Ltd.’s proposal to acquire and break-up AXA Asia Pacific stoked speculation for resurgent M&A activity in the sector. More >>
Windflow trading halt lifted
Tuesday, 10 November 2009, 6:01 pm | Businesswire
Nov 10 (BusinessWire) - Windflow Technology Ltd (WTL) shares will be trading again tomorrow after the company belatedly filed its annual report today, following the NZX declining a waiver that would have allowed an extension of time to the middle ... More >>
NZ credit, debit card spending falls 0.7%
Tuesday, 10 November 2009, 5:32 pm | Businesswire
Nov. 10 (BusinessWire) – New Zealanders spent less on their credit and debit cards in October, the first decline in four months, suggesting a high jobless rate and a focus on reducing household debt are keeping a lid on spending. More >>
BioVittoria depends on new food launches
Tuesday, 10 November 2009, 4:52 pm | Businesswire
Nov 10 (BusinessWire) - BioVittoria Ltd's patented PureLo sweetener will only grow as fast as the food and beverage industry launches new products, the company's prospectus for its $20 million New Zealand sharemarket float makes clear. More >>
Short sellers emerge as Cue Energy returns to NZX
Tuesday, 10 November 2009, 3:46 pm | Businesswire
Nov. 10 (BusinessWire) – Cue Energy Ltd., the oil and gas explorer whose ASX-listed stock has soared 70% in the past three months, attracted so-called short sellers when it returned to the New Zealand stock exchange, according to NZX data. More >>
Vodafone’s subsidy to Telecom set to climb
Tuesday, 10 November 2009, 1:33 pm | Businesswire
Nov. 10 (BusinessWire) – Vodafone New Zealand, the country’s largest mobile phone network operator, will probably have to fork over more money to rival Telecom Corp. after the regulator released its draft determination on the cost allocation for providing ... More >>
Infratil sells Auckland Airport stake for $87M
Tuesday, 10 November 2009, 1:16 pm | Businesswire
Nov. 10 (BusinessWire) – Infratil Ltd., the investment group in talks to buy Royal Dutch/Shell Group’s New Zealand assets, reaped $87.25 million selling its 3.87% stake in Auckland International Airport, saying it has better uses for the capital. More >>
AFT Pharmaceuticals has world first with Maxigesic
Tuesday, 10 November 2009, 12:48 pm | Businesswire
Nov. 10 (BusinessWire) – AFT Pharmaceuticals, a closely held drug development company, is claiming a world first with its Maxigesic pain relief tablet that combines paracetamol and ibuprofen. More >>
Kermadec posts drop in first-half profit
Tuesday, 10 November 2009, 11:46 am | Businesswire
Nov. 10 (BusinessWire) – Kermadec Property Fund Ltd., the property investor managed by brothers Chris and Mark Francis’ Augusta Funds Management, posted a 17.5% decline in first-half profit and said New Zealand’s economic recovery will gather speed ... More >>
Kiwi Income may use note sale for $130M tower
Tuesday, 10 November 2009, 11:15 am | Businesswire
Nov. 10 (BusinessWire) – Kiwi Income Property Trust, the second-largest property investor on the NZX, said a proposed $130 million office tower in Auckland has been selected as preferred relocation option for a potential tenant who would occupy the ... More >>
NZ dollar climbs over 74 cts after G-20 statement
Tuesday, 10 November 2009, 9:53 am | Businesswire
NZ dollar climbs over 74 US cts as G-20 statement prompts a return to risk More >>
Stocks to watch: Infratil, NZ Refining, Windflow
Tuesday, 10 November 2009, 9:31 am | Businesswire
Stocks to watch: Infratil, NZ Refining, Windflow Nov. 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 specified. More >>
While you were sleeping: G-20 keeps money cheap
Tuesday, 10 November 2009, 8:53 am | Businesswire
Nov. 10 (BusinessWire) – Stocks rallied on Wall Street and in Europe, while the U.S. dollar weakened after Group of 20 finance ministers and central bankers agreed to maintain economic stimulus measures until they’re certain the recovery is underway. More >>
MARKET CLOSE: NZ shares gain on Fonterra payment
Monday, 9 November 2009, 6:14 pm | Businesswire
Nov. 9 (BusinessWire) – New Zealand shares rose after Fonterra Cooperative Group raised its forecast payment to farmers, buoying shares of PGG Wrightson and NZ Farming Systems Uruguay. An unsolicited takeover proposal for Australia’s Axa Asia Pacific ... More >>
Commonwealth Bank shares jump on 1st-qtr update
Monday, 9 November 2009, 5:36 pm | Businesswire
Nov. 9 (BusinessWire) – Commonwealth Bank of Australia reported a cash profit of A$1.4 billion for the first quarter and said economic conditions have improved since that nation’s biggest lender posted its full-year results. More >>
Wrightson ‘skates on thin ice’ with Agria deal
Monday, 9 November 2009, 2:19 pm | Businesswire
Nov. 9 (BusinessWire) – PGG Wrightson, New Zealand’s biggest rural services company, risks further annoying shareholders with its proposal to sell a cornerstone holding to China’s Agria and may now seek to tap investors for a further $120 million, ... More >>
NZ Dollar Outlook: Kiwi may rise on Fonterra, IMF
Monday, 9 November 2009, 1:37 pm | Businesswire
Nov. 9 (BusinessWire) – The New Zealand dollar may climb this week after Fonterra Cooperative Group increased its forecast pay-out to dairy farmers, boosting optimism about the country’s economic recovery. More >>
Cedenco placed in receivership by ANZ, given funds
Monday, 9 November 2009, 1:09 pm | Businesswire
Nov. 9 (BusinessWire) - Cedenco Foods, the tomato, corn and apple processor, has been put into receivership by ANZ National Bank, which extended seasonal funding to allow the company to continue to trade. More >>
