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Businesswire - Latest News [Page 176]
Silver Fern raises lower-than-expected $21M
Friday, 9 October 2009, 7:29 pm | Businesswire
Oct. 9 (BusinessWire) - Silver Fern Farms, the South Island meat cooperative transforming into a publicly traded company, raised a lower-than-expected $21 million from its rights offer, based on an initial count of subscriptions. More >>
NZX releases paper on derivatives market
Friday, 9 October 2009, 7:28 pm | Businesswire
Oct. 9 (BusinessWire) – NZX Ltd., the operator of New Zealand’s stock exchange, is seeking feedback on the rules and procedures of its proposed derivatives market. More >>
"Subtantial" rise in ACC levies ahead
Friday, 9 October 2009, 6:52 pm | Businesswire
Oct 9 (BusinessWire) - The accident compensation scheme has become a social welfare agency instead of an insurance scheme, and growth in its unfunded liabilities totalling $7.2 billion in the last two years is not sustainable, says the Accident Compensation ... More >>
MARKET CLOSE: NZ shares fall as kiwi stays high
Friday, 9 October 2009, 6:31 pm | Businesswire
Oct. 9 (BusinessWire) – New Zealand shares fell for the fourth day in six as the kiwi dollar stayed around 74 U.S. cents, eating into the value of companies’ overseas revenue. Fisher & Paykel Healthcare fell to the lowest since late July. More >>
Renaissance top brass quits
Friday, 9 October 2009, 4:37 pm | Businesswire
Oct 9 (BusinessWire) - Apple reseller and school IT supplier Renaissance Corporation Ltd is losing its managing director and finance director following the company's failure to meet performance expectations. More >>
NZ debit, credit card purchases at retailers climb
Friday, 9 October 2009, 11:54 am | Businesswire
Oct. 9 (BusinessWire) – New Zealanders increased credit and debit card retail spending for a third straight month, adding to evidence that consumers are feeling more upbeat about the economy and easing open their wallets. More >>
Stocks to watch: Abano, ANZ Bank, FPH, PPL, WBC
Friday, 9 October 2009, 9:54 am | Businesswire
Oct. 9 (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 >>
High kiwi hampers economic rebalancing: Bollard
Friday, 9 October 2009, 9:46 am | Businesswire
Oct. 9 (BusinessWire) – The resilient New Zealand dollar, which is trading above 74 U.S. cents, is hampering a rebalancing of the economy toward the export sector and away from debt-fueled consumer spending, says Reserve Bank Governor Alan Bollard. More >>
While you were sleeping: Stocks rise on earnings
Friday, 9 October 2009, 8:33 am | Businesswire
Oct. 9 (BusinessWire) – Stocks rose on Wall Street after Alcoa Inc. unexpectedly posted a profit, boosting optimism about the third-quarter earnings season, while retail sales climbed and jobless claims hit a nine-month low. The U.S. dollar sank ... More >>
MARKET CLOSE: NZ shares gain with Australia
Thursday, 8 October 2009, 6:08 pm | Businesswire
Oct. 8 (BusinessWire) – New Zealand shares rose after figures showed Australia’s unemployment rate unexpectedly fell, stoking optimism about economic growth across the Tasman and lifting shares of Australia & New Zealand Banking Group and AMP ... More >>
ANZ Bank reviews legal strategy after Westpac loss
Thursday, 8 October 2009, 5:04 pm | Businesswire
Oct 8 (BusinessWire) – Australia & New Zealand Banking Group is reviewing its legal strategy in light of today's High Court decision against Westpac Banking Corp. in a case involving tax and interest owing of $961 million, the bank has told BusinessWire. More >>
Exxon Mobil gets an extra year to drill
Thursday, 8 October 2009, 4:35 pm | Businesswire
Oct 8 (BusinessWire) - Oil industry "super-major" Exxon Mobil has sought and been granted an extension to its drilling licence for oil and gas exploration in the Great South Basin. More >>
Australian jobless falls, stoking rate rise bets
Thursday, 8 October 2009, 2:24 pm | Businesswire
Oct. 8 (BusinessWire) – Australia’s unemployment rate fell unexpectedly last month while the number of people employed rose, stoking bets the central bank will raise interest rates more aggressively. The Australian dollar climbed above 90 U.S. ... More >>
Australian jobless falls, stoking rate rise bets
Thursday, 8 October 2009, 2:24 pm | Businesswire
Oct. 8 (BusinessWire) – Australia’s unemployment rate fell unexpectedly last month while the number of people employed rose, stoking bets the central bank will raise interest rates more aggressively. The Australian dollar climbed above 90 U.S. ... More >>
Samoan tsunami to cost TOWER $3.5 million post-tax
Thursday, 8 October 2009, 1:21 pm | Businesswire
Oct 8 (BusinessWire) - The Tower insurance group says its exposure to claims relating to the Samoan earthquake and tsunami will be capped at $5 million under reinsurance arrangements, and will produce a post-tax impact of around $3.5 million. More >>
Westpac loses massive tax case on all counts
Thursday, 8 October 2009, 12:33 pm | Businesswire
Oct 8 (BusinessWire) - Westpac faces a tax bill of close to $1 billion after losing one of New Zealand's largest ever tax avoidance cases. More >>
Independent News wins bondholders, fights O'Brien
Thursday, 8 October 2009, 11:29 am | Businesswire
Oct. 8 (BusinessWire) – The board of Independent News & Media Plc., the Irish-based parent company of APN News & Media, is urging shareholders to shoot down a proposal that would severely curtail its powers after it secured an agreement from bondholders ... More >>
Loss predicted for Westpac in massive tax case
Thursday, 8 October 2009, 10:44 am | Businesswire
Oct 8 (BusinessWire) - Westpac Banking Corporation's New Zealand arm is tipped to have lost its challenge to the Inland Revenue Department's pursuit of more than $900 million in unpaid tax and mounting interest arrears. More >>
Stocks to watch: Lion Nathan, NZR, PGC rights, TEL
Thursday, 8 October 2009, 10:06 am | Businesswire
Oct. 8 (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 falls; greenback’s weakness overstated
Thursday, 8 October 2009, 9:49 am | Businesswire
Oct. 8 (BusinessWire) – The New Zealand dollar fell as investors rekindled their support for the greenback amid concerns the world’s reserve currency has fallen too far, too fast and Japan’s finance minister raised the prospect of intervening ... More >>
