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Businesswire - Latest News [Page 189]
NZ dollar hits two-week low as risk appetite wanes
Thursday, 3 September 2009, 9:59 am | Businesswire
Sept. 3 (BusinessWire) – The New Zealand dollar fell to a two-week low after a report showed U.S. companies shed more jobs than expected last month and factory orders rose less than forecast, driving down stocks on Wall Street and sapping investors’ ... More >>
Stocks to watch: Farming Systems, NZO, TEL, TWR
Thursday, 3 September 2009, 9:54 am | Businesswire
Sept. 3 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Yen reaches 7-week high
Thursday, 3 September 2009, 8:48 am | Businesswire
Sept. 3 (BusinessWire) – The yen strengthened to a seven-week high against the euro after a report showed U.S. companies cut more jobs than expected last month while factory orders rose less than predicted, stoking demand for Japan’s currency ... More >>
MARKET CLOSE: NZX 50 falls with global slide
Wednesday, 2 September 2009, 5:53 pm | Businesswire
Sept. 2 – New Zealand shares fell, joining a global slide after fears about U.S. bank earnings weighed on Wall Street. Clothing chain Hallenstein Glasson Holdings and Fisher & Paykel Appliances led the decline. More >>
Freightways signs Australian Post, Toll competes
Wednesday, 2 September 2009, 5:06 pm | Businesswire
Sept. 2 (BusinessWire) – Freightways Ltd., the country’s largest listed courier company, will deliver parcels for Australia Post from today, strengthening its distribution as Toll Holdings prepares to break into the kiwi market. More >>
Australia’s economy accelerates in 2nd-qtr
Wednesday, 2 September 2009, 3:19 pm | Businesswire
Sept. 2 (BusinessWire) - Australia’s economy accelerated in the second quarter, surprising economists, as lower interest rates and fiscal stimulus stoked consumer spending. The Australian dollar gained against the greenback and the kiwi dollar. More >>
NZ cheese makers can use raw milk, await costs
Wednesday, 2 September 2009, 11:35 am | Businesswire
Sept. 2 – New Zealand cheese makers will be able to use raw, or unpasteurized milk starting in October, a move aficionados say allows the development of tastier, more complex products. The industry, though, is awaiting details of the compliance costs. More >>
Singapore’s Olam acquires 14% of Farming Systems
Wednesday, 2 September 2009, 10:34 am | Businesswire
Sept. 2 - Olam International, the Singapore-based food commodities group, acquired 14% of NZ Farming Systems Uruguay, adding to its holding in Open Country Cheese. More >>
Stocks to watch: Cavalier, NZ Farming Systems, FRE
Wednesday, 2 September 2009, 9:53 am | Businesswire
Sept. 2 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar tumbles on concern about US banks
Wednesday, 2 September 2009, 9:41 am | Businesswire
Sept. 2 (BusinessWire) – The New Zealand dollar tumbled to a two-week low after concerns about the state of some U.S. banks sapped stocks on Wall Street and eroded investors’ appetite for higher-yielding, riskier assets. More >>
Fonterra online auction jumps 'extraordinary’ 24%
Wednesday, 2 September 2009, 9:08 am | Businesswire
Sept. 2 (BusinessWire) – The price of milk powder jumped more than 24% in Fonterra Cooperative Group’s online auction as demand for dairy products continues to recover from its lows in February. More >>
While you were sleeping: Bank stocks fall
Wednesday, 2 September 2009, 8:54 am | Businesswire
Sept 2.(BusinessWire) – Bank stocks fell in the U.S. and Europe amid concern lenders may face more losses, while the VIX, known as Wall Street’s fear gauge, climbed and U.S. Treasuries gained. More >>
MARKET CLOSE: NZ shares fall; TEL, NZX, NZS drop
Tuesday, 1 September 2009, 6:50 pm | Businesswire
Sept. 1 (BusinessWire) – New Zealand shares fell for a second day amid concern the pace of recovery will be slower than some investors had hoped, with few companies willing to forecast future earnings while posting their annual results. Telecom Corp., ... More >>
Windflow faces strife if Windfarms doesn't pay
Tuesday, 1 September 2009, 4:00 pm | Businesswire
1 Sept (BusinessWire) - Pioneer two-bladed wind turbine maker, Windflow Technology Ltd, warned today that non-payment of invoices by its main client, New Zealand Windfarms Ltd, will "shortly become material" if further payments are withheld. More >>
India’s Bank of Baroda gets all-clear from RBNZ
Tuesday, 1 September 2009, 1:45 pm | Businesswire
Sept. 1 (BusinessWire) – Bank of Baroda, the third-largest public sector bank in India, has been given the all-clear by the Reserve Bank to begin trading in New Zealand, marking it as the nation’s 19th registered bank. More >>
NZX trading volumes rebound in August
Tuesday, 1 September 2009, 11:28 am | Businesswire
Sept. 1 (BusinesWire) – Trading volumes on NZX Ltd.’s markets rebounded last month as debt securities continued to drive new sales this year and the average daily value traded climbed to its highest level since September last year. More >>
Kiwi falls against Aussie ahead of RBA review
Tuesday, 1 September 2009, 10:22 am | Businesswire
Sept. 1 (BusinessWire) – The New Zealand dollar fell against its Australian counterpart ahead of the Reserve Bank of Australia’s review of interest rates today, while the greenback fell against most of its trading partners as fund managers cashed in ... More >>
Stocks to watch: Vector rated ‘hold’, GPG debt
Tuesday, 1 September 2009, 9:57 am | Businesswire
Sept. 1 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
New Zealand on cusp of ‘fragile recovery': NZIER
Tuesday, 1 September 2009, 9:04 am | Businesswire
Sept. 1 (BusinessWire) – New Zealand’s economy will return to growth in the final quarter of 2009 though the recovery will be “fragile,” will the unemployment rate continuing to rise, according to the New Zealand Institute of Economic Research. More >>
While you were sleeping: Stocks dip on China
Tuesday, 1 September 2009, 8:35 am | Businesswire
Sept. 1 (BusinessWire) – Shares declined on Wall Street and prices of copper and crude oil fell after China’s benchmark Shanghai Composite Index slumped 6.7%, stoking concern the Asian economy won’t be strong enough to help underpin a global recovery. More >>
