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Businesswire - Latest News [Page 203]
Mainfreight renews NZ$200M of bank facilities
Thursday, 30 July 2009, 4:36 pm | Businesswire
July 30 – Mainfreight Ltd., the biggest trucking firm on the NZX 50 Index, has rolled over about NZ$200 million of bank facilities, giving it ongoing access to funds as it grapples with tough conditions in most markets. More >>
Bollard keeps rate cut option alive on strong kiwi
Thursday, 30 July 2009, 12:20 pm | Businesswire
July 30 (BusinessWire) – Reserve Bank Governor Alan Bollard, who held the official cash rate at 2.5% today as expected, signaled he’s willing to cut interest rates again if the resilient kiwi dollar undermines the nation’s economic recovery. The ... More >>
NZ dollar tumbles after Bollard's downbeat report
Thursday, 30 July 2009, 10:40 am | Businesswire
July 30 (BusinessWire) – The New Zealand dollar tumbled 1.3% to as low as 64.78 U.S. cents after central bank Governor Alan Bollard held interest rates at a record-low 2.5% and said a strong currency is adding strain to the forecast recovery in the ... More >>
Bollard holds OCR at 2.5%; cites 'unhelpful' kiwi
Thursday, 30 July 2009, 9:22 am | Businesswire
July 30 (BusinessWire) – Reserve Bank Governor Alan Bollard held the official cash rate at 2.5% as expected and said while economic activity showing signs of stabilising, the high New Zealand dollar was helping to keep the economy “weak.” The kiwi ... More >>
While you were sleeping: Beige Book, Treasury sale
Thursday, 30 July 2009, 9:09 am | Businesswire
July 30 - The pace of contraction in the U.S. economy slowed in the past two months, listing expectations recession in the world’s largest economy will abate soon. More >>
Air NZ ends legal challenge to Auckland Airport
Wednesday, 29 July 2009, 6:41 pm | Businesswire
July 29 – Air New Zealand Ltd., the national carrier, has withdrawn its application for a judicial review of Auckland Airport’s aeronautical charges. The application was initially lodged in 2007, the airport company said in a statement. More >>
MARKET CLOSE: NZ shares snap rally; FBU, TEL dip
Wednesday, 29 July 2009, 6:29 pm | Businesswire
July 29 – New Zealand shares snapped an 11-day rally that pushed the NZX 50 Index to a nine-month high amid concern prices may have risen more than warranted given the outlook for earnings. Telecom Corp., Contact Energy and Fletcher Building, the ... More >>
NZ business confidence climbs to a 7-year high
Wednesday, 29 July 2009, 5:12 pm | Businesswire
July 29 – New Zealand business confidence climbed to a seven-month high in July amid growing optimism the economy will climb out of its worst slump in 30 years over the next 12 months. More >>
Fonterra confirms payout thanks to value-add
Wednesday, 29 July 2009, 4:54 pm | Businesswire
July 29 (BusinessWire) - Fonterra, the New Zealand dairy cooperative, has confirmed its forecast payout on milk at NZ$4.55 per kilogram of milksolids in the 2009/10 season, despite falling world milk prices. More >>
F&P Appliances fridge workers return to 40-hour wk
Wednesday, 29 July 2009, 3:57 pm | Businesswire
July 29 - Fisher & Paykel Appliances said workers at its Auckland refrigeration plant will return to a 40-hour week as orders pick up, having been the first recipients of the government’s Job Support Scheme subsidies aimed at saving jobs. More >>
NAB takes control of JBWere wealth unit for A$99M
Wednesday, 29 July 2009, 2:54 pm | Businesswire
July 29 (BusinessWire) – National Australia Bank agreed to acquire a controlling stake in Goldman Sachs JBWere’s wealth management unit for A$99 million, plus performance-related bonuses over the next three years. More >>
NZ mobile carriers battle over termination rates
Wednesday, 29 July 2009, 2:40 pm | Businesswire
July 29 (BusinessWire) – Telecom Corp. offered to cut mobile termination rates in the ongoing battle with the Commerce Commission over the charges. More >>
MAF says farming weathers slump; cockies skeptical
Wednesday, 29 July 2009, 2:15 pm | Businesswire
July 29 (BusinessWire) – New Zealand’s primary sector will be able to weather the economic slump, with worldwide demand for food products expected to hold in the coming years, says the Ministry of Agriculture and Forestry. Still lobby group Federated ... More >>
More delays for Kupe: NZOG
Wednesday, 29 July 2009, 12:20 pm | Businesswire
July 29 (BusinessWire) - Production at the Kupe gas field faces further delay as commissioning work takes longer than expected, says New Zealand Oil and Gas Ltd's chief executive, David Salisbury. More >>
NZ building consents drop 9.5% on apartments
Wednesday, 29 July 2009, 11:59 am | Businesswire
July 29 – New Zealand home-building consents tumbled in June, reflecting a drop off in apartments from the previous month and the continuance of broadly weak issuance levels. More >>
Propertyfinance loss nears $20 mln
Wednesday, 29 July 2009, 11:16 am | Businesswire
July 29 (BusinessWire) – Propertyfinance Group Ltd., the parent of finance company propertyfinance securities Ltd., posted a full-year loss and said it won’t be able to include some NZ$12 million of forgiven interest until next financial year. More >>
NZ dollar slips on weaker U.S. consumer confidence
Wednesday, 29 July 2009, 10:17 am | Businesswire
July 29 (BusinessWire) – The New Zealand dollar slipped below 66 U.S. cents as weaker-than-expected U.S. consumer confidence encouraged investors to eschew higher yields in favour of the relative safety of the greenback and as investors await today’s ... More >>
NZ Farming Systems raises US$30M from bond sale
Wednesday, 29 July 2009, 10:05 am | Businesswire
July 29 (BusinessWire) - NZ Farming Systems Uruguay Ltd. raised US$30 million of bonds in Uruguay, giving it funds to develop dairy farms in the South American country using intensive New Zealand farming techniques. More >>
Stocks to watch: Abano, NZ Farming Systems, Pike
Wednesday, 29 July 2009, 9:38 am | Businesswire
July 29 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: US consumers downbeat
Wednesday, 29 July 2009, 8:40 am | Businesswire
July 29 (BusinessWire) – U.S. consumer confidence fell more than expected this month as a rising jobless rate dimmed Americans’ propensity to spend. Oil and stocks fell while the U.S. dollar strengthened after the data stoked the greenback’s safe ... More >>
