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Businesswire - Latest News [Page 198]
Opus half-year profit slumps 44%
Thursday, 13 August 2009, 8:59 am | Businesswire
August 13 (BusinessWire) – Opus International Consultants, the infrastructure advisory firm, posted a 44% fall in half-year profit as its U.K. and Australian operations' “greater reliance on private sector clients” weighed on the bottom line. More >>
While you were sleeping: Fed keeps bond target
Thursday, 13 August 2009, 8:34 am | Businesswire
August 13 (BusinessWire) – The Federal Reserve kept its target for bond purchases at US$300 billion, extending the programme for a month as the world’s biggest economy shows signs of emerging from recession. More >>
MARKET CLOSE: FBU leads NZX 50 gain, CEN falls
Wednesday, 12 August 2009, 5:54 pm | Businesswire
August 12 – New Zealand shares rose, led by Fletcher Building Ltd., after New Zealand’s biggest construction company said cost cutting and debt reduction during the downturn left it in good shape to benefit from the recovery. More >>
Visa reaches settlement with ComCom
Wednesday, 12 August 2009, 3:26 pm | Businesswire
August 12 (BusinessWire) – Credit card issuer Visa has reached settlement with the Commerce Commission over its practice of smearing credit card fees across other transactions. More >>
Windfarms, Windflow in dispute over turbines
Wednesday, 12 August 2009, 3:19 pm | Businesswire
Aug 12 (BusinessWire) - New Zealand Windfarms is in dispute with Christchurch wind turbine pioneer Windflow Technologies over the fact that turbines already supplied will not meet the high international certification level promised by Windflow. More >>
Aust consumer confidence climbs to 2-year high
Wednesday, 12 August 2009, 3:15 pm | Businesswire
August 12 (BusinessWire) – Australian consumer confidence climbed to a two-year high as a pick-up in house prices and a stronger-than-expected labour market stoked confidence that economy is emerging from its downturn. More >>
NZ motels hit hardest by falling guest numbers
Wednesday, 12 August 2009, 12:08 pm | Businesswire
August 12 (BusinessWire) – Tourists are spending fewer nights in New Zealand motels amid as the slump in tourism continues to weigh on local accommodation. Still, hotels held up in the downturn, registering relatively smaller declines than other operators. More >>
Fletcher Building posts first loss since 2001
Wednesday, 12 August 2009, 12:02 pm | Businesswire
August 12 – Fletcher Building Ltd., New Zealand’s biggest construction company, posted its first loss since 2001 as expected and said cost cutting and debt reduction made it well placed for an eventual recovery. The shares jumped almost 5%. More >>
Wolak was wrong - electricity market review
Wednesday, 12 August 2009, 11:42 am | Businesswire
Aug 12 (BusinessWire) - The claim that electricity users were "over-charged" $4.3 billion between 2001 and 2008 was wrong, the Ministerial Electricity Market Review report concludes. More >>
Meridian and EC lose in electricity review
Wednesday, 12 August 2009, 11:20 am | Businesswire
Aug 12 (BusinessWire) - Meridian Energy faces a fight to preserve its green branding following recommendations that it be made to own a North Island natural gas-fired power station. More >>
NZ dollar drops on renewed concerns over recovery
Wednesday, 12 August 2009, 9:58 am | Businesswire
August 12 (BusinessWire) – The New Zealand dollar tumbled 0.8% yesterday as stocks on Wall Street slid on renewed concerns the speed of the global economic recovery won’t be as fast as earlier expected, ahead of the Federal Reserve’s review of ... More >>
Fletcher Building posts annual loss NZ$46M
Wednesday, 12 August 2009, 9:55 am | Businesswire
August 12 – Fletcher Building Ltd., New Zealand’s biggest construction company, posted its first annual loss since 2001 on costs to reduce capacity and writedown the value of assets. The company declined to give an earnings forecast for the current ... More >>
Stocks to watch: Fletcher loss, Telecom on MTR
Wednesday, 12 August 2009, 9:54 am | Businesswire
August 12 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Government fast-tracking PPPs, starts with prisons
Wednesday, 12 August 2009, 9:49 am | Businesswire
August 12 (BusinessWire) - New Zealand is a decade behind other countries in using public-private partnerships to accelerate, manage risk, and get value for money from big national infrastructure investments, says Finance Minister Bill English. More >>
While you were sleeping: Demand for Treasuries
Wednesday, 12 August 2009, 8:26 am | Businesswire
August 12 (BusinessWire) – U.S. Treasuries rose after so-called indirect bidders, which include foreign central banks, scooped up a record amount of three-year notes at auction, soothing concern the market is overloaded with government debt. More >>
MARKET CLOSE: NZ shares fall; Contact, FBU decline
Tuesday, 11 August 2009, 6:23 pm | Businesswire
August 11 – New Zealand shares fell from near their highest levels in 10 months amid perceptions valuations have become stretched after a rally that pushed the NZX 50 Index up 18% in the past four months. Contact Energy and Fletcher Building fell. More >>
BNZ appeals tax case, makes big provision
Tuesday, 11 August 2009, 12:54 pm | Businesswire
Aug 11 (BusinessWire) - The Bank of New Zealand is to appeal last month's landmark tax case decision which found the bank had avoided tax totalling $416 million, and is making a NZ$661 million provision in its accounts to guard against the possibility ... More >>
UDC Finance in motor finance deal with Honda
Tuesday, 11 August 2009, 12:15 pm | Businesswire
August 11 (BusinessWire) – UDC Finance, the finance company owned by ANZ Banking Group, has upped the ante in the motor finance sector and signed a nationwide deal with Honda New Zealand to provide finance for the car company’s customers. More >>
Card use flat, fewer paying by credit
Tuesday, 11 August 2009, 11:12 am | Businesswire
Aug 11 (BusinessWire) - Electronic card transactions show patterns consistent with the economy emerging slowly from recession and reduced use of credit, according to monthly figures for July from Statistics New Zealand. More >>
Pyne Gould names John Duncan to head Perpetual arm
Tuesday, 11 August 2009, 10:08 am | Businesswire
August 11 – Pyne Gould Corp. named former Macquarie Group executive John Duncan as head of its newly created asset management arm, Perpetual Asset Management. More >>
