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Businesswire - Latest News [Page 185]
South Canterbury ceases debenture allotments
Wednesday, 16 September 2009, 11:04 am | Businesswire
Sept. 16 (BusinessWire) South Canterbury Finance Ltd., the finance company owned by Allan Hubbard, halted allotments under its debenture programme and plans to issue a new prospectus pending its capital review and the extension of the Deposit Guarantee ... More >>
NZ dollar edges higher on Bernanke’s upbeat views
Wednesday, 16 September 2009, 10:07 am | Businesswire
Sept. 16 (BusinessWire) – The New Zealand dollar edged higher as Federal Reserve Chairman Ben Bernanke’s upbeat assessment of the U.S. economy stoked investors’ appetite for higher-yielding, or riskier, assets. More >>
Stocks to watch: Hellaby, Telstra, Telecom, POT
Wednesday, 16 September 2009, 9:57 am | Businesswire
Sept. 16 (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: Upbeat Bernanke
Wednesday, 16 September 2009, 8:40 am | Businesswire
Sept. 16 (BusinessWire) – Stocks rose on Wall Street and in Europe, oil and metals advanced and the yen weakened after Federal Reserve chairman Ben Bernanke said America’s recession is probably over and U.S. retail sales jumped. More >>
MARKET CLOSE: NZ shares slip a 2nd day; TLS down
Tuesday, 15 September 2009, 7:24 pm | Businesswire
Sept. 15 (BusinessWire) – New Zealand shares fell for a second day, led by the NZX-listed shares of Telstra Corp. after Australia’s government gave the phone company an ultimatum to split up its operations. More >>
Australia’s Telstra faces op split a la Telecom
Tuesday, 15 September 2009, 4:10 pm | Businesswire
Sept. 15 (BusinessWire) – Telstra Corp., Australia’s largest fixed-line phone operator, faces a government-imposed operational separation similar to the one New Zealand’s Telecom Corp. is currently undergoing. More >>
Fonterra can charge 10-cent margin on milk sales
Tuesday, 15 September 2009, 1:33 pm | Businesswire
Sept. 14 (BusinessWire) – Fonterra Cooperative Group will be able to charge a margin of 10 cents a kilogram over and above the farm gate price for milk it sells to independent dairy companies. More >>
Ports of Auckland gets $70 mln infusion from city
Tuesday, 15 September 2009, 11:40 am | Businesswire
Sept. 15 – Ports of Auckland, New Zealand’s biggest container port, is getting an infusion of funds from its shareholder, the city’s investment company, of as much as $70 million, allowing it to repay debt and strengthen its balance sheet as ... More >>
NZ dollar holds above 70 US cts as greenback falls
Tuesday, 15 September 2009, 9:53 am | Businesswire
Sept. 15 (BusinessWire) – The New Zealand dollar held above 70 U.S. cents amid warnings about potential inflation in the world’s largest economy by the Federal Reserve’s Janet Yellen and the looming threat of a trade war between the U.S. and ... More >>
Stocks to watch: Air NZ, Eastern Hi Fi, NZOG, VCT
Tuesday, 15 September 2009, 9:49 am | Businesswire
Sept. 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 >>
While you were sleeping: China trade spat
Tuesday, 15 September 2009, 8:40 am | Businesswire
Sept. 15 (BusinessWire) – The U.S. dollar reached its weakest level against the euro in 12 months as the cost of borrowing in the greenback fell to a record low, spurring investors to sell the currency for higher yields elsewhere. More >>
National does deal with Maori Party on ETS
Monday, 14 September 2009, 6:36 pm | Businesswire
Sept 14 (BusinessWire) - The Government has secured the bare parliamentary majority it needs to pass an amended Emissions Trading Scheme by doing a deal with the Maori Party that promises special treatment for iwi (tribes) that gained forests in Treaty ... More >>
MARKET CLOSE: NZ shares slip; Warehouse, FPH fall
Monday, 14 September 2009, 5:58 pm | Businesswire
Sept. 14 – New Zealand shares fell in light trading as unexpectedly weak retail sales weighed on Warehouse Group and Fisher & Paykel Healthcare slipped in the face of a resilient kiwi dollar. More >>
NZ Dollar Outlook: Kiwi may grind higher this week
Monday, 14 September 2009, 1:47 pm | Businesswire
Sept. 14 (BusinessWire) – The New Zealand dollar may grind higher as investors continue to eschew the greenback amid concern foreign central banks are fretting over their exposure to the world’s reserve currency as the U.S. stacks up debt ... More >>
Windflow losses ease, but Windfarms blurs outlook
Monday, 14 September 2009, 1:07 pm | Businesswire
Sept 14 (BusinessWire) - Christchurch turbine manufacturer Windflow Technology Ltd made a net loss of $1.233 million in the year to June 30, in line with expectations and down from the $2.044 million loss a year earlier, but its future is clouded by ... More >>
NZ retail sales unexpectedly fall in July
Monday, 14 September 2009, 11:58 am | Businesswire
Sept. 14 – New Zealand retail sales unexpectedly fell in July, led by sale at department stores, suggesting a recovery in consumer spending will be restrained by rising unemployment and households’ efforts to curb credit. More >>
NZ house prices edge higher in August: REINZ
Monday, 14 September 2009, 11:04 am | Businesswire
Sept. 14 (BusinessWire) – New Zealand house prices edged higher and properties were sold in a shorter amount of time last month as strong demand amid rising net migration and low interest rates continue to show signs of stabilisation in the property ... More >>
Wellington Drive to raise $8.5 mln with placement
Monday, 14 September 2009, 11:01 am | Businesswire
Sept. 14 (BusinessWire) - Wellington Drive Technologies Ltd., which designs and builds energy-saving motors and fans, plans to raise $8.5 million via a placement of shares to its biggest investor, Australian ethical fund manager Hunter Hall Investment Management. More >>
Wellington Drive to raise $8.5 mln with placement
Monday, 14 September 2009, 11:01 am | Businesswire
Sept. 14 (BusinessWire) - Wellington Drive Technologies Ltd., which designs and builds energy-saving motors and fans, plans to raise $8.5 million via a placement of shares to its biggest investor, Australian ethical fund manager Hunter Hall Investment Management. More >>
Marlborough Lines makes bid for control of Horizon
Monday, 14 September 2009, 10:30 am | Businesswire
Sept. 14 – Marlborough Lines Ltd., an energy distributor in the upper South Island, offered to acquire control of Horizon Energy, its Eastern Bay of Plenty counterpart, continuing a consolidation that has seen the number of lines companies halve in the ... More >>
