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Businesswire - Latest News [Page 166]
Savoy Equities eyes PNG for malaria treatment
Wednesday, 4 November 2009, 11:02 am | Businesswire
Nov. 4 (BusinessWire) – Savoy Equities Ltd., the oils and resins extraction business working towards manufacturing an anti-malarial product, is looking to tap the market in Papa New Guinea amid “very encouraging” trials of the company’s Artemisia ... More >>
Auckland houses prices reach 22-month high
Wednesday, 4 November 2009, 10:31 am | Businesswire
Nov. 4 (BusinessWire) – Auckland house prices reached a 22-month high in October and the volume of sales rose from a year earlier, suggesting a revival in confidence in property is encouraging both buyers and sellers. More >>
NZ dollar pushes above 72 cts after dairy auction
Wednesday, 4 November 2009, 10:03 am | Businesswire
Nov. 4 (BusinessWire) – The New Zealand dollar pushed above 72 U.S. cents after dairy prices continued to surge in Fonterra Cooperative Group’s online auction, stoking the prospects for the nation’s biggest export industry. More >>
Stocks to watch: Air NZ, Contact, Infratil, WBC
Wednesday, 4 November 2009, 9:54 am | Businesswire
Nov. 4 (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 >>
Fonterra milk powder prices surge to 13-month high
Wednesday, 4 November 2009, 9:30 am | Businesswire
Nov. 4 (BusinessWire) – The price of milk powder surged for its fourth straight month in Fonterra Cooperative Group’s online auction, climbing to a 13-month high as demand for dairy products returned to pre-crisis levels. More >>
While you were sleeping: Buffett buys railroad
Wednesday, 4 November 2009, 8:33 am | Businesswire
Nov. 4 (BusinessWire) – Berkshire Hathaway Inc., the investment company led by billionaire Warren Buffett, agreed to buy railroad company Burlington Northern Santa Fe Corp. for $26 billion in a deal he says is a bet on U.S. economic growth. More >>
Westpac to appeal tax avoidance ruling
Tuesday, 3 November 2009, 6:31 pm | Businesswire
Nov 3. (BusinessWire) - Westpac New Zealand will appeal last month's billion dollar judgement against it in the High Court, which found that four representative structured finance transactions between 1998 and 2005 constituted tax avoidance. More >>
MARKET CLOSE: NZ shares fall; Infratil, NZR drop
Tuesday, 3 November 2009, 6:05 pm | Businesswire
Nov. 3 (BusinessWire) – New Zealand shares fell for a second day as the Reserve Bank of Australia raised interest rates in the nation’s biggest export market and Infratil Ltd. said it was in talks to acquire assets from Royal Dutch Shell Group. More >>
Dairy prices underpin commodity prices in October
Tuesday, 3 November 2009, 4:10 pm | Businesswire
Nov. 3 (BusinessWire) – Rising dairy prices continue to underpin gains in the ANZ Commodity Price Index, which recorded its seventh straight monthly gain last month. The index gained 4.6% in October, led by an 8.3% increase in dairy prices, as 11 ... More >>
Abano completes Bay Audiology's NZ arm
Tuesday, 3 November 2009, 3:21 pm | Businesswire
Nov. 3 (BusinessWire) – Abano Healthcare Group has confirmed it has sold its New Zealand audiology business to concentrate on hearing care in Australia and Asia. Abano’s 64 Bay Audiology clinics and business have been sold to National Hearing ... More >>
Windfarms, Windflow stoush gets public airing
Tuesday, 3 November 2009, 2:42 pm | Businesswire
Nov 3. (BusinessWire) - The deteriorating relations between New Zealand Windfarms Ltd (NWF) and its turbine supplier, Windflow Technology Ltd (WTL), are getting a public airing in a tit for tat exchange of statements to the stock exchange today. More >>
Air NZ goes European for domestic jet upgrade
Tuesday, 3 November 2009, 12:51 pm | Businesswire
Nov. 3 (BusinessWire) – Air New Zealand is to replace its domestic Boeing Co. 737 aircraft with Airbus A320’s, taking advantage of the global airline slump to pick up planes at more favourable rates. More >>
Windflow threatens Windfarms with court action
Tuesday, 3 November 2009, 12:39 pm | Businesswire
Nov 3. (BusinessWire) - Windflow Technology Ltd., the Christchurch-based wind turbine developer, is threatening legal action over $3.5 million of payments withheld by its sole customer, New Zealand Windfarms Ltd. More >>
NZ full-time employment extends slide
Tuesday, 3 November 2009, 12:14 pm | Businesswire
Nov. 3 (BusinessWire) – The number of people in full-time employment continued to decline in the three months through September as the effects of the recession flow into the workforce, while wage growth chalked up its smallest gain in almost ... More >>
Gulf states to sign free-trade agreement with NZ
Tuesday, 3 November 2009, 12:03 pm | Businesswire
Nov. 3 (BusinessWire) – Gulf states which collectively make up New Zealand’s seventh largest trading partner have agreed to sign a free-trade agreement early next year. More >>
Cavotec wins 4.1 million euros of airport orders
Tuesday, 3 November 2009, 11:43 am | Businesswire
Nov. 3 (BusinessWire) – Cavotec MSL Holdings, the global engineering group and owner of Christchurch-based MoorMaster, won 4.1 million euros of orders to supply ground support systems for the New Doha International Airport in Qatar, Las Vegas ... More >>
NZX trading volumes fall, market value rises
Tuesday, 3 November 2009, 10:35 am | Businesswire
Nov. 3 (BusinessWire) – Trading volumes on NZX Ltd.’s markets fell in October, while the value of trade increased as markets continue to recover from the worldwide financial collapse last year. More >>
Infratil, NZ Super in talks to buy Shell assets
Tuesday, 3 November 2009, 10:24 am | Businesswire
Nov. 3 (BusinessWire) – Infratil Ltd. and the New Zealand Superannuation Fund have teamed up for exclusive talks with Royal Dutch/Shell Group over the possible acquisition of the energy company’s local refining and downstream businesses. More >>
Stocks to watch: Cavotec, Infratil, SCT, XRO
Tuesday, 3 November 2009, 9:57 am | Businesswire
Nov. 2 (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 edges lower ahead of RBA rate review
Tuesday, 3 November 2009, 9:32 am | Businesswire
by Paul McBeth Nov. 3 (BusinessWire) – The New Zealand dollar edged lower as concerns about the state of the global financial sector weigh on investors’ appetite for higher-yielding, riskier assets, ahead of the Reserve Bank of Australia’s review ... More >>
