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Businesswire - Latest News [Page 168]
Good timing for Oceana Gold production ramp-up
Friday, 30 October 2009, 10:55 am | Businesswire
Oct 30 (BusinessWire) - Oceana Gold Ltd's is forecasting a further increase in gold production capability and a record full year result as world gold prices continue to strengthen, the company says in its third quarter report, released this morning ... More >>
NZ dollar bounces back as U.S. economy grows
Friday, 30 October 2009, 9:58 am | Businesswire
by Paul McBeth Oct. 30 (BusinessWire) – The New Zealand dollar bounced back from its three-week low after the U.S. economy grew more than expected in the third quarter, and eased concerns the global recovery is beginning to stall. The world’s largest ... More >>
Stocks to watch: AMP Office, F&P Appliances, FRE
Friday, 30 October 2009, 9:35 am | Businesswire
Oct. 30 (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 recession ends
Friday, 30 October 2009, 9:26 am | Businesswire
Oct. 30 (BusinessWire) – The world’s largest economy expanded in the third quarter, ending a year-long slump as massive fiscal stimulus kicked in. Stocks rallied on Wall Street, commodities rose and the U.S. dollar weakened. More >>
FPA to take charge up to $75M on N.American assets
Friday, 30 October 2009, 9:24 am | Businesswire
Oct. 30 (BusinessWire) – Fisher & Paykel Appliances will take an impairment charge of $70 million to $75 million against its assets in North America, reflecting the impact on trading of the prolonged downturn in demand. More >>
MARKET CLOSE: NZ shares dip; FRE, Pike decline
Thursday, 29 October 2009, 6:09 pm | Businesswire
Oct. 29 (BusinessWire) – New Zealand shares fell, as fears the global recovery is less robust than hoped for weighed on commodities, resources stocks and banks. Pike River Coal, New Zealand Oil & Gas and Westpac Bank paced the decline. More >>
Taskforce proposes court challenges for bad llaw
Thursday, 29 October 2009, 5:19 pm | Businesswire
by Pattrick Smellie Oct 29 (BusinessWire) - New laws that offend principles of good law-making should be subject to Declarations of Incompatibility from the court system, says the report from Regulatory Responsibility Taskforce, released this afternoon ... More >>
Treasury think-piece breaks sacred cows aplenty
Thursday, 29 October 2009, 3:25 pm | Businesswire
Oct. 29 (BusinessWire) – Shorter prison terms for non-violent offenders, larger school class sizes, reduced public services, a higher age of pension eligibility, and a higher rate of GST are among the many unpalatable choices the Treasury says ... More >>
Auckland Airport keeps guidance on passenger view
Thursday, 29 October 2009, 1:48 pm | Businesswire
Oct. 29 (BusinessWire) – Auckland International Airport Ltd., the country’s major gateway to the world, has kept its earnings guidance amid small gains in total passenger volumes in the last quarter. More >>
Pyne Gould’s Torchlight aids South Canterbury
Thursday, 29 October 2009, 1:41 pm | Businesswire
Oct. 29 (BusinessWire) - Torchlight Credit Fund, part of Pyne Gould Corp.’s Perpetual Asset Management unit, has come to the aid of South Canterbury Finance by pulling together a group of investors to provide a $75 million funding line. More >>
ANZ Bank makes provision for losses in tax cases
Thursday, 29 October 2009, 1:07 pm | Businesswire
Oct 29 (BusinessWire) – Australia & New Zealand Banking Group has taken a further $240 million hit to its 2008/9 earnings as the stakes rise against New Zealand's foreign-owned banks challenging Inland Revenue Department tax avoidance claims. More >>
NZ trade deficit shrinks to 6-year low on imports
Thursday, 29 October 2009, 12:31 pm | Businesswire
Oct. 29 (BusinessWire) – New Zealand’s annual trade deficit shank to a six-year low last month, on weaker-than-expected imports, suggesting companies aren’t rushing to re-stock in anticipation of economic recovery. More >>
Freightways profit gains as interest payments fall
Thursday, 29 October 2009, 11:49 am | Businesswire
Oct. 29 (BusinessWire) – Freightways Ltd., the courier firm that sold stock at a discount this year to strengthen its balance sheet, posted a 2% gain in first-quarter profit after the capital raising allowed it to repay debt and reduce interest payments. ... More >>
Glass Earth to raise C$500,000 in placement
Thursday, 29 October 2009, 11:12 am | Businesswire
Oct. 29 (BusinessWire) – Glass Earth Gold Ltd., which explores for the precious metal over some 17,000 square kilometers in New Zealand, plans to raise C$500,000 in a private placement. More >>
NZ dollar extends losses as OCR kept on hold
Thursday, 29 October 2009, 10:31 am | Businesswire
Oct. 29 (BusinessWire) – The New Zealand dollar extended its losses from the New York session after central bank Governor Alan Bollard stood his ground on interest rates, saying he expects to keep the official cash rate at a record-low level until ... More >>
Bollard keeps OCR on hold, switches to neutral
Thursday, 29 October 2009, 9:36 am | Businesswire
Oct. 29 (BusinessWire) – Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5%, as expected, and dropped wording in his statement that rates could fall further, stoking speculation borrowing costs will rise sooner ... More >>
Stocks to watch: Pike River, NZOG, PGC
Thursday, 29 October 2009, 9:34 am | Businesswire
Stocks to watch: Pike River, NZOG, Pyne Gould Corporation Oct. 29 (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 >>
Bollard keeps OCR unchanged, no further falls
Thursday, 29 October 2009, 9:07 am | Businesswire
Oct. 29 (BusinessWire) – Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at a record low 2.5%, as expected, and dropped wording in his statement that rates could fall further, stoking speculation borrowing costs will rise sooner ... More >>
While you were sleeping: US home sales drop
Thursday, 29 October 2009, 8:58 am | Businesswire
While you were sleeping: US home sales drop, stocks fall; Norway raises rates Oct. 29 (BusinessWire) – New U.S. home sales unexpected fell last month, suggesting the looming end to the first-home buyer’s tax credit is sapping demand and holding ... More >>
MARKET CLOSE: NZ shares gain with telcos
Wednesday, 28 October 2009, 6:38 pm | Businesswire
Oct. 28 (BusinessWire) – New Zealand shares rose, paced by Telstra Corp. and Telecom Corp. after the Australian phone company reiterated its profit forecast, and a bank survey showed business confidence remained high this month. More >>
