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Businesswire - Latest News [Page 207]
Stocks to watch: Delegat’s, Fletcher, OceanaGold
Tuesday, 21 July 2009, 9:42 am | Businesswire
July 21 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Stocks gain on CIT rescue
Tuesday, 21 July 2009, 9:16 am | Businesswire
July 21 (BusinessWire) – Shares on Wall Street rallied after CIT Group Inc. secured US$3 billion in emergency funding from bondholders including Pacific Investment Management Co., buying the lender more time to restructure its debt and avoid bankruptcy. More >>
MARKET CLOSE: NZX 50 rises a 5th day; Sky City up
Monday, 20 July 2009, 6:39 pm | Businesswire
July 20 – New Zealand shares rose for the fifth straight day, pushing the benchmark NZX 50 Index to its highest level in more than a month, as some early earnings out of the U.S. beat expectations and investors await local second-quarter results. Sky ... More >>
Delegat’s full-year profit surges at least 58%
Monday, 20 July 2009, 5:44 pm | Businesswire
July 20 - Delegat’s Group Ltd., which makes Oyster Bay brand wines, said full-year profit climbed at least 58%, reflecting a pick-up in sales in the fourth quarter and adjustments to the fair value of currency hedge contracts. More >>
Toshin fund launch, uridashis may underpin kiwi
Monday, 20 July 2009, 2:42 pm | Businesswire
July 20 (BusinessWire) – The New Zealand dollar may find favour among Japanese retail investors as a so-called Toshin prepares to invest the equivalent of NZ$50 billion this week, with some likely denominated in the kiwi, helping offset a surge ... More >>
Redundant LWR staff get second payment
Monday, 20 July 2009, 2:09 pm | Businesswire
July 20 (BusinessWire) – Stephen Tubbs and Brian Mayo-Smith, partners of BDO Spicers and the receivers of Lane Walker Rudkin, ramped up the second round of secured payments to LWR staff laid off in April as they accumulated money from “day-to-day trading.” More >>
NZ Dollar Outlook: Kiwi range-bound amid earnings
Monday, 20 July 2009, 12:54 pm | Businesswire
July 20 (BusinessWire) – The New Zealand dollar may trade within a range this week as better-than-expected U.S. corporate earnings stoke optimism the worst of the global recession has passed, and continue to underpin investors’ demand for higher-yielding, ... More >>
Rental property tops investor confidence survey
Monday, 20 July 2009, 12:33 pm | Businesswire
July 20 (BusinessWire) – Rental property reclaimed its top slot in ASB’s latest confidence survey, which showed investors became less negative in the second quarter amid signs the global economy may be over the worst of its slump. More >>
New orders turn positive; NZ services sector weak
Monday, 20 July 2009, 12:28 pm | Businesswire
July 20 (BusinessWire)– New orders turned positive in New Zealand’s services industry for the first time in three months, a bright spot in a sector that has been mired in contraction for 15 straight months. More >>
Good time to buy gold: NZ Mint
Monday, 20 July 2009, 11:34 am | Businesswire
July 20 (BusinessWire) – Gold may extend its 6.9% gain this year as investors ponder the prospects of a resurgence of inflation and traders in India prepare for the traditional wedding season, according to New Zealand Mint Ltd. More >>
Stocks to watch: ANZ Bank, Pumpkin Patch, Telecom
Monday, 20 July 2009, 9:57 am | Businesswire
Stocks to watch: ANZ Bank, Pumpkin Patch, Telecom July 20 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar holds above 64 US cents as earnings eyed
Monday, 20 July 2009, 9:51 am | Businesswire
July 20 (BusinessWire) – The New Zealand dollar held above 64 U.S. cents as better-than-expected U.S. earnings stoked optimism the worst of the global recession may be over, and propped up investors’ appetite for higher-yielding, or riskier assets. More >>
While you were sleeping: Wall St’s strong week
Monday, 20 July 2009, 8:27 am | Businesswire
July 20 (BusinessWire) – Shares on Wall Street ended mixed on Friday, rounding out the biggest gain in four months as investors took heart from better-than-expected earnings International Business Machines, Goldman Sachs Group and Intel Corp. More >>
NZ tax case will barely dent Aussie banks: UBS
Friday, 17 July 2009, 6:34 pm | Businesswire
July 17 - Banking analysts are unperturbed by the prospect of Australian banks paying back as much as NZ$3 billion in back taxes in New Zealand, if appeals by the Bank of New Zealand against a NZ$654 million bill for unpaid tax and interest fail. More >>
MARKET CLOSE: NZ shares rise a 4th day; FPA gains
Friday, 17 July 2009, 6:24 pm | Businesswire
July 17 – New Zealand shares rose for a fourth day amid speculation weaker second-quarter earnings are already reflected in prices and there are more signs of life returning to the global economy. Fisher & Paykel Appliances and Cavalier Corp. led the ... More >>
SMELLIE SNIFFS THE BREEZE: A whiff of Pyongyang
Friday, 17 July 2009, 2:28 pm | Businesswire
July 17 - Things may be grim, but for a brief, double-take moment during John Key's speech on the economy this week, it looked as if the Prime Minister might see things as even more apocalyptic than the rest of us. More >>
Sealegs projects weaker revenue for 2010
Friday, 17 July 2009, 12:08 pm | Businesswire
July 17 (BusinessWire) - Sealegs Corp., the manufacturer of amphibious vehicles, forecast a drop in revenue this financial year and said it is cutting operating costs to adjust to tougher economic conditions. More >>
Shock, Horror! Newspaper charges for news
Friday, 17 July 2009, 10:29 am | Businesswire
Dubbing it a Kiwi version of "the Great New Journalism Adventure", National Business Review publisher Barry Colman is to start charging for premium news content on the NBR website. More >>
NZ dollar gains as risk appetite revives
Friday, 17 July 2009, 10:01 am | Businesswire
July 17 – The New Zealand dollar rose as global equity markets extended their gains, bolstering investors’ appetite for higher-yielding, or riskier, assets, rebounding from yesterday’s drop after Fitch Ratings issued a warning about the external imbalances ... More >>
Stocks to watch: Infratil, Lion Nathan, Telecom
Friday, 17 July 2009, 9:57 am | Businesswire
Stocks to watch: Infratil, Lion Nathan, Telecom July 17 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
