Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Businesswire for InfoPages here.
Businesswire - Latest News [Page 182]
MARKET CLOSE: NZ shares rise as recession ends
Wednesday, 23 September 2009, 6:39 pm | Businesswire
Sept. 23 (BusinessWire) – New Zealand shares rose after government figures unexpectedly showed the economy climbed out of recession in the second quarter, stoking optimism for a revival in corporate earnings. More >>
Rakon completes $45M share placement at discount
Wednesday, 23 September 2009, 5:05 pm | Businesswire
Sept. 23 (BusinessWire) – Rakon Ltd., the manufacturer of components for navigation devices, completed its $45 million placement to expand its Chinese manufacturing operations. The Auckland-based manufacturer sold the shares at $1.10 apiece, a 26% ... More >>
Pyne Gould gains funds via share sale at discount
Wednesday, 23 September 2009, 3:29 pm | Businesswire
Sept. 23 - Pyne Gould Corp., the investment and finance group with ambitions to become a bank, plans to raise as much as $270 million in a rights offer at a 60% discount, seeking to restore a balance sheet eroded by write-downs on property loans. Its shares ... More >>
Fonterra stages second-half recovery, cuts gearing
Wednesday, 23 September 2009, 2:44 pm | Businesswire
Sept. 23 (BusinessWire) – Fonterra Cooperative Group staged a second-half recovery after what chairman Henry van der Heyden called business challenges and market volatility that were “probably unique in the lifetimes of anyone involved in dairying today.” More >>
It’s official: New Zealand recession is over, just
Wednesday, 23 September 2009, 12:09 pm | Businesswire
Sept. 23 (BusinessWire) – New Zealand’s recession has ended, with the economy chalking up its first tentative expansion in six quarters. The kiwi dollar surged to its highest level in 13 months. More >>
NZ broadband performance improves, Eptiro says
Wednesday, 23 September 2009, 11:12 am | Businesswire
Sept. 23 (BusinessWire) – The quality of New Zealand’s broadband improved in the three months ended June 30 as Telecom Corp., the country’s largest listed phone company, boosted its capacity to store popular international content locally. More >>
Pumpkin Patch posts $26.7M loss on US costs
Wednesday, 23 September 2009, 10:55 am | Businesswire
Pumpkin Patch posts $26.7M loss on costs to exit US stores; sales climb 3.2% More >>
Restaurant Brands’ 2nd-qtr sales climb 4.8%
Wednesday, 23 September 2009, 10:31 am | Businesswire
Sept. 23 (BusinessWire) - Restaurant Brands New Zealand Ltd., the fast-food operator, posted a 4.8% gain in second-quarter sales as it sold more pizza and fried chicken, making up for a weaker performance at its Starbucks coffee outlets. More >>
NZ dollar may push to 74 cts on Fonterra, growth
Wednesday, 23 September 2009, 10:09 am | Businesswire
NZ dollar may push on to 74 US cts after Fonterra boosts pay-out forecast More >>
Stocks to watch: Air NZ, NZ Farming Systems, RBD
Wednesday, 23 September 2009, 9:48 am | Businesswire
Sept. 23 (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: Geithner sees growth
Wednesday, 23 September 2009, 8:31 am | Businesswire
Sept. 23 (BusinessWire) – Stocks climbed on Wall Street on optimism a revival in global economic growth will stoke earnings. The Dow Jones Industrial average climbed to an 11-month high, led by JPMorgan Chase after Bank of America raised its earnings ... More >>
Bank loyalty dims as deposit market heats up
Tuesday, 22 September 2009, 10:14 pm | Businesswire
Sept 22 (BusinessWire) - Bank customers are opening accounts with rival institutions at a rate that has surprised RaboPlus, one of the most aggressive competitors in New Zealand's competitive retail bank deposit market. More >>
MARKET CLOSE: NZX50 eases as kiwi flies
Tuesday, 22 September 2009, 6:33 pm | Businesswire
Sept. 22 (BusinessWire) – New Zealand shares fell on the benchmark NZX 50 as the kiwi dollar hit a new 13-month high, dimming the prospect of earnings growth for the country’s exporters. More >>
Spring brings brighter mood for economists: NZIER
Tuesday, 22 September 2009, 1:52 pm | Businesswire
Sept. 22 (BusinessWire) – Economists have shed their gloomy winter outlooks in favour of a more optimistic view on the state of the New Zealand economy, even as rising unemployment casts a shadow over the nation’s recovery. The economy will ... More >>
Fonterra bolsters payment forecast; kiwi gains
Tuesday, 22 September 2009, 1:36 pm | Businesswire
Sept. 22 – Fonterra Cooperative Group, the world’s largest exporter of dairy products, raised its forecast 2010 milk payment, pumping some $750 million into the New Zealand economy. The kiwi dollar extended its gains. More >>
Plummeting current account gap pushes up kiwi
Tuesday, 22 September 2009, 12:26 pm | Businesswire
New Zealand's external accounts improved dramatically in the June 2009 quarter, with the balance on current account for the year to June of $10.614 billion coming in at 5.9% of gross domestic product, compared to 8.1% of GDP in the March 2009 year. More >>
Rakon seeks to raise $65 mln for China expansion
Tuesday, 22 September 2009, 11:59 am | Businesswire
Sept. 22 (BusinessWire) – Rakon Ltd., the manufacturer of components for navigation devices, plans to raise $65 million selling shares at a deep discount to expand its Chinese manufacturing operations. More >>
Fonterra lifts forecast payment, citing outlook
Tuesday, 22 September 2009, 11:35 am | Businesswire
Sept. 22 – Fonterra Cooperative Group, the world’s largest exporter of dairy products, raised its forecast 2010 milk payment, citing an improved outlook for global prices. More >>
Contact retains $120M cash from PDP
Tuesday, 22 September 2009, 11:01 am | Businesswire
Sept. 22 (BusinessWire) - Contact Energy Ltd., the biggest utility on the NZX 50 Index, has retained $120 million from its profit distribution plan (PDP), giving it cash to help fund construction of new power plants and an underground gas storage ... More >>
NZ dollar holds above 70 cts before current acct
Tuesday, 22 September 2009, 9:57 am | Businesswire
Sept. 22 (BusinessWire) – The New Zealand dollar held above 70 U.S. cents before data that may show the current account gap is abating and the economy’s contraction is easing. More >>
