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Businesswire - Latest News [Page 177]
While you were sleeping: Gold sets new high
Thursday, 8 October 2009, 8:31 am | Businesswire
Oct. 8 (BusinessWire) – Gold rose to its second daily record as investors were drawn to the precious metal as an alternative investment on speculation currencies are set to weaken. More >>
MARKET CLOSE: NZ shares sink as dollar stays high
Wednesday, 7 October 2009, 6:43 pm | Businesswire
Oct. 7 (BusinessWire) – New Zealand shares fell, missing a global rally that lifted equity markets across Asia, as a high currency weighed on companies with offshore sales and large sell orders drive down leaders such as Fletcher Building. More >>
Bold change needed to rebalance economy: Whitehead
Wednesday, 7 October 2009, 2:19 pm | Businesswire
Oct. 7 (BusinessWire) – Bold tax reforms and changes to the mix of monetary and fiscal policy are needed if New Zealand is to rebalance its economy and close the gap with Australia, according to the Treasury’s head. More >>
Bank on whipper-snappers as Baby Boomers default
Wednesday, 7 October 2009, 12:45 pm | Businesswire
Oct. 7 (BusinessWire) – Young New Zealanders are the best credit bet, with Baby Boomers more likely to default on the debts, according to a Veda Advantage report. More >>
Spotless extends offer for Taylors by 2 weeks
Wednesday, 7 October 2009, 11:02 am | Businesswire
Oct. 7 (BusinessWire) - Spotless Group extended its offer for the remaining shares in Taylors Group Ltd. by two weeks, reflecting slow uptake from minority shareholders in the listed laundry business. More >>
NZ dollar holds above 73 cts on RBA, milk powder
Wednesday, 7 October 2009, 9:52 am | Businesswire
NZ dollar holds above 73 US cts after RBA hikes rates, milk prices extend gains More >>
Stocks to watch: FPA, Infratil, NZX, PGC, Telecom
Wednesday, 7 October 2009, 9:39 am | Businesswire
Oct. 7 (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 >>
Milkpowder prices up again for 3rd straight month
Wednesday, 7 October 2009, 9:16 am | Businesswire
Oct. 7 (BusinessWire) – The price of milk powder extended its gains for the third straight month in Fonterra Cooperative Group’s online auction as demand for dairy products consolidates after crumbling earlier this year. More >>
While you were sleeping: Gold hits record
Wednesday, 7 October 2009, 8:30 am | Businesswire
Oct. 7 (BusinessWire) – The price of gold rose to a record high as a weakening U.S. dollar spurred demand for the precious metal as an alternative investment. More >>
MARKET CLOSE: NZX 50 gains on business confidence
Tuesday, 6 October 2009, 7:12 pm | Businesswire
Oct. 6 (BusinessWire) – New Zealand shares rose for the first day in three after business confidence jumped to a 10-year high, adding to evidence the economy is recovering from recession. PGG Wrightson and Air New Zealand led the advance. More >>
RBA raises benchmark rate to 3.25%; A$ soars
Tuesday, 6 October 2009, 5:18 pm | Businesswire
Oct. 6 (BusinessWire) – The Reserve Bank of Australia raised its cash rate by 25 basis points to 3.25%, making it the first central bank apart from Israel’s to resume tightening monetary policy in the face of a resumption global growth. More >>
NZX will use Grain Exchange to expand offering
Tuesday, 6 October 2009, 1:23 pm | Businesswire
Oct. 6 (BusinessWire) – NZX Ltd. will use the technology and platform it gains via the acquisition of Australia’s Clear Grain Exchange to expand into other farm commodities, says chief executive Mark Weldon. More >>
NZ business confidence climbs to decade-high: QSBO
Tuesday, 6 October 2009, 11:59 am | Businesswire
Oct. 6 (BusinessWire) – New Zealand business confidence turned positive in the third quarter, adding to evidence the economy is recovering from recession, with firms predicting a pick-up in activity in the final three months of the year. More >>
NZX trading volumes ease, debt sales stall
Tuesday, 6 October 2009, 11:43 am | Businesswire
Oct. 6 (BusinessWire) – Trading volumes on NZX Ltd.’s markets eased last month from a year earlier, suggesting this year’s rally, which drove the NZX 50 Index to a 12-month high, has reduced opportunities to buy ‘cheap’ shares. More >>
NZX grabs Aussie grain platform for A$6.4M
Tuesday, 6 October 2009, 11:26 am | Businesswire
Oct. 6 (BusinessWire) – NZX Ltd., operator of the New Zealand stock exchange, is acquiring Australia’s Clear Group, owner of the Clear Grain Exchange, as it extends its foray into agricultural trading, data and media. The initial purchase price of ... More >>
NZ dollar soars to 14-month high as RBA eyed
Tuesday, 6 October 2009, 9:50 am | Businesswire
Oct. 6 (BusinessWire) – The New Zealand dollar soared 1.6% to a 14-month high on the prospect of Australia’s central bank hiking interest rates today as Governor Glenn Stevens tightens monetary policy after the economy rode out the worst global ... More >>
Stocks to watch: Abano, ING, NZX, Skellerup
Tuesday, 6 October 2009, 9:45 am | Businesswire
Oct. 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 >>
While you were sleeping: US service sector grows
Tuesday, 6 October 2009, 8:40 am | Businesswire
Oct. 6 (BusinessWire) – Stocks gained on Wall Street after the U.S. services sector, which makes up nearly 90% of the economy, grew for the first time in 12 months, and Goldman Sachs Group recommended large banks. More >>
MARKET CLOSE: NZX 50 falls as global optimism dips
Monday, 5 October 2009, 7:09 pm | Businesswire
Oct. 5 (BusinessWire) – New Zealand shares fell for a second day amid concern equity markets globally have run too hard, given the prospects of a tepid economic recovery. Manufacturers including specialty chemicals maker Nuplex Industries and carpet maker ... More >>
Crafar Farms, under MAF probe, put in receivership
Monday, 5 October 2009, 6:19 pm | Businesswire
Oct. 5 (BusinessWire) – Crafar Farms, the dairy farm investment group under investigation for animal welfare lapses, was placed in receivership by banks owed close to $200 million. More >>
