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Businesswire - Latest News [Page 174]

MARKET CLOSE: NZ shares pare gains; NZS rises

Thursday, 15 October 2009, 6:36 pm | Businesswire

Oct. 15 (BusinessWire) – New Zealand shares pared earlier gains, with the NZX 50 Index ending the session marginally higher, after inflation data stoked expectations the Reserve Bank will raise interest rates sooner and Australia’s central bank ... More >>

Treasury expects tax avoidance revenues

Thursday, 15 October 2009, 3:29 pm | Businesswire

Oct. 15 (BusinessWire) – The Treasury has included $1.4 billion of tax revenue from structured finance transactions deemed to be tax avoidance in a report that shows Government’s operating balance for the June year was a $10.5 billion deficit. More >>

Landcorp profit falls amid tough times

Thursday, 15 October 2009, 3:26 pm | Businesswire

Oct. 15 (BusinessWire) – Landcorp Farming Ltd., the state owned national farming company reported a net operating profit of $6.9 million for the end of June year, well down on 2007/08’s $11 million. More >>

Angry Opposition MPs slam ETS hearings process

Thursday, 15 October 2009, 3:21 pm | Businesswire

Oct 15 (BusinessWire) - Public submissions began this afternoon on the amended Emissions Trading Scheme amid angry scenes, as Opposition MPs protested about the sudden decision to begin hearings today, and submitters scrambled to be available. More >>

NZ inflation accelerates; kiwi dollar jumps

Thursday, 15 October 2009, 11:23 am | Businesswire

Oct. 15 (BusinessWire) – New Zealand inflation unexpectedly accelerated in the third quarter, sending the kiwi dollar soaring on speculation Reserve Bank Governor Alan Bollard will bring forward the timing of interest rate increases. More >>

NZ dollar slips as Bollard’s timing weighed

Thursday, 15 October 2009, 10:39 am | Businesswire

Oct. 15 (BusinessWire) – The New Zealand dollar fell against most major currencies, even as global stocks rallied, amid speculation Reserve Bank Governor Alan Bollard may lag behind other central bankers in raising interest rates. More >>

Stocks to watch: Abano Healthcare, HLG, FBU, IFT

Thursday, 15 October 2009, 9:37 am | Businesswire

Oct. 15 (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 >>

Transpower dragged into Rio Tinto outage dispute

Thursday, 15 October 2009, 9:27 am | Businesswire

Oct 15 (BusinessWire) - Transpower is backing Meridian Energy's view that a transformer failure at the Rio Tinto aluminium smelter last November was not a "force majeure" event". More >>

While you were sleeping: Dow tops 10,000

Thursday, 15 October 2009, 8:34 am | Businesswire

Oct. 15 (BusinessWire) – Stocks rose on Wall Street rose, extending a global rally, after JPMorgan Chase posted earnings that beat estimates, stoking optimism for economic growth and weakening the U.S. dollar. More >>

MARKET CLOSE: NZ shares gain on Australian growth

Wednesday, 14 October 2009, 6:13 pm | Businesswire

Oct. 4 (BusinessWire) – New Zealand shares rose as consumer confidence in Australia climbed to a two-year high, underpinning sentiment in the nation’s biggest export market. Clothing chain Hallenstein Glasson Holdings led gainers. More >>

Global recession wallops Solid Energy

Wednesday, 14 October 2009, 5:33 pm | Businesswire

Oct 14 (BusinessWire) - The global credit crunch ruined what would otherwise have been a stunning year to June 30 for Solid Energy Ltd, which still managed to report a record $111 million tax-paid profit, despite export order cancellations and large ... More >>

NZ fiscal accounts swing to $10.5B deficit

Wednesday, 14 October 2009, 3:35 pm | Businesswire

Oct. 14 (BusinessWire) – New Zealand’s government accounts swung to an operating deficit of $10.5 billion last year as recession and tax cuts eroded revenue, fiscal spending rose and investments made losses. More >>

Genesis clears the books of Huntly's leadweight

Wednesday, 14 October 2009, 2:56 pm | Businesswire

Oct 14 (BusinessWire) - Genesis Energy Ltd has reported a full year loss of $136 million after writing down by $183 million the value of its Huntly power station and warning that the 1000MW plant will only be available for national energy security ... More >>