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Businesswire - Latest News [Page 186]
NZ dollar gains as central banks eschew greenback
Monday, 14 September 2009, 9:52 am | Businesswire
Sept. 14 (BusinessWire) – The New Zealand dollar pushed higher as investors eschewed the greenback amid reports Asian central banks are seeking to diversify their assets on concern U.S. inflation may revive, weighing on the world’s reserve currency. More >>
Stocks to watch: Freightways, Telstra, Warehouse
Monday, 14 September 2009, 9:24 am | Businesswire
Sept. 14 (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: Oil slips, stocks fall
Monday, 14 September 2009, 8:34 am | Businesswire
Sept. 14 (BusinessWire) – Crude oil sank 3.9% in New York as shares on Wall Street snapped five days of gains and figures showed U.S. petroleum inventories rose more than expected. More >>
SMELLIE SNIFFS THE BREEZE: Downwind of the cowshed
Sunday, 13 September 2009, 2:17 pm | Businesswire
Sept 13 (BusinessWire) - For a bunch of blokes who are meant to be rough, tough, and taciturn in a man's man sort of way, farmers come on surprisingly like a pack of sooks when challenged to perform. More >>
MARKET CLOSE: NZX 50 climbs to month-high; WHS up
Friday, 11 September 2009, 6:30 pm | Businesswire
Sept. 11 (BusinessWire) – New Zealand shares rose, nudging the NZX 50 Index to the highest in a month, after Warehouse Group posted results that showed it can weather a recession. More >>
Pyne Gould replaces CFO ahead of capital raising
Friday, 11 September 2009, 1:47 pm | Businesswire
Sept. 11 (BusinessWire) – Pyne Gould Corp., the finance and rural services group aiming to transform into a bank, has replaced its chief financial officer just days before it is scheduled to announce capital raising plans. More >>
GPG sees value in Australian water with Tandou bid
Friday, 11 September 2009, 12:02 pm | Businesswire
Sept. 11 (BusinessWire) – Guinness Peat Group is seeking control of Australian agribusiness Tandou Ltd. to force the target to sell unprofitable assets and maximize returns from its water licensing rights on the Murray Darling river system. More >>
Warehouse proves recession-proof as margins grow
Friday, 11 September 2009, 11:30 am | Businesswire
Sept. 11 – Warehouse Group Ltd. shares jumped more than 5% after the biggest retailer on the NZX 50 Index reported its first margin growth in four years and announced a special dividend, underlining its ability to maintain profitability in the midst ... More >>
A2 Corp. posts 15-month loss of $3.5 million
Friday, 11 September 2009, 10:47 am | Businesswire
Sept. 11 – A2 Corp., the company that owns and licenses techniques to identify milk with a protein variant claimed to have health benefits, posted a loss of $3.5 million in the 15 months ended June 30 and said its business has stabilised enough ... More >>
Stocks to watch: Warehouse, F&P Healthcare, TEL
Friday, 11 September 2009, 9:56 am | Businesswire
Sept. 11 (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 >>
Warehouse fattens margins, pays special dividend
Friday, 11 September 2009, 9:42 am | Businesswire
Sept. 11 – Warehouse Group Ltd., the biggest retailer on the NZX 50 Index, posted earnings before one-time items that beat estimates after fattening the profit margin at its department stores. The company will pay a special dividend of 10 cents a share. More >>
While you were sleeping: US trade gap widens
Friday, 11 September 2009, 8:44 am | Businesswire
Sept. 11 (BusinessWire) – Stocks on Wall Street gained for a fifth day as investors grew more upbeat about the prospects for recovery and Procter & Gamble forecast a pick-up in quarterly sales. More >>
World Bank audit of Fonterra’s palm oil supplier
Thursday, 10 September 2009, 6:33 pm | Businesswire
Sept. 10 (BusinessWire) – The World Bank has frozen new funding for Fonterra Cooperative Group’s Indonesian palm kernel supplier pending a review into environmental and social sustainability practices of the sector. More >>
MARKET CLOSE: NZ shares edge higher after MPS
Thursday, 10 September 2009, 6:17 pm | Businesswire
Sept. 10 (BusinessWire) – New Zealand shares rose after the central bank maintained its determination to keep interest rates low until the second half of 2010 to avoid snuffing out a fragile economic recovery. Fisher & Paykel Appliances led the ... More >>
NZ export prices stage biggest slump since 1951
Thursday, 10 September 2009, 12:56 pm | Businesswire
Sept. 10 – New Zealand export prices tumbled 11.6% in the second quarter, the biggest decline since 1951, reflecting weaker prices for dairy products and meat that were exacerbated by a stronger currency. More >>
NZ consumers lift debit card spending in August
Thursday, 10 September 2009, 11:46 am | Businesswire
Sept. 10 (BusinessWire) – New Zealand consumers increased spending on debit cards last month, with an improvement in sales of big ticket items such as furniture and hardware. More >>
NZ dollar holds above 69.50 US cents after MPS
Thursday, 10 September 2009, 11:13 am | Businesswire
NZ dollar holds above 69.50 US cts as traders bet Bollard will hike rates early More >>
TrustPower cans Myponga windfarm in SA
Thursday, 10 September 2009, 10:28 am | Businesswire
Sept 10 (BusinessWire) - TrustPower Ltd, the NZX-listed power generator and retailer, has abandoned its six year project to build a 48 Megawatt windfarm at Myponga, 50 kilometres south of Adelaide. More >>
UPDATE: Rates to stay low beyond mid-2010: Bollard
Thursday, 10 September 2009, 9:55 am | Businesswire
Sept. 10 (BusinessWire) – Reserve Bank of New Zealand Governor Alan Bollard held the official cash rate at 2.5% today, as expected, and said the strong kiwi dollar was a threat to a sustained recovery, ruling out a rates increase before the second ... More >>
While you were sleeping: Beige Book lifts Wall St
Thursday, 10 September 2009, 9:50 am | Businesswire
Sept. 10 – The Federal Reserve’s Beige Book business survey showed most of the Fed’s regional banks reported stability or improvement in the economy, stoking optimism the world’s biggest economy is climbing out of recession. More >>
