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Businesswire - Latest News [Page 208]
While you were sleeping: JPMorgan, Nokia earnings
Friday, 17 July 2009, 8:35 am | Businesswire
July 17 (BusinessWire) – JPMorgan Chase & Co., the second-largest bank in the U.S., posted a 36% gain in second-quarter earnings as fees from investment banking surged, making up for more defaults on consumer loans. More >>
Shock, Horror! Newspaper charges for news
Friday, 17 July 2009, 7:01 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 tumbles as Fitch lowers rating outlook
Thursday, 16 July 2009, 6:40 pm | Businesswire
July 16 - The New Zealand dollar tumbled from a two-week high after Fitch Ratings lowered the nation’s AA+ credit rating outlook to ‘negative’ from ‘stable’, citing the nation’s looming current account deficit and rising debt levels. More >>
Lion Nathan on track to meet profit forecast
Thursday, 16 July 2009, 6:01 pm | Businesswire
July 16 – Lion Nathan Ltd., Australia’s second-largest brewer, has announced it’s on track to deliver its target profit this year as Australians continue to drink increasing volumes of beer in the face of the global slump. More >>
MARKET CLOSE: NZ shares rally; Fletcher gains
Thursday, 16 July 2009, 5:57 pm | Businesswire
July 16 – New Zealand shares rallied, driving the NZX 50 Index to its biggest gain in more than a month, as renewed optimism for a revival in global growth lifted companies including Fletcher Building and F&P Healthcare. More >>
Trans-Tasman superannuation portability nears
Thursday, 16 July 2009, 5:06 pm | Businesswire
July 16 (BusinessWire) - Finance Minister Bill English and Australian Treasurer Wayne Swann have agreed on a scheme that will allow Australians and New Zealanders to transfer their retirement savings across the Tasman. More >>
NZ’s rating outlook lowered to ‘negative' by Fitch
Thursday, 16 July 2009, 4:55 pm | Businesswire
July 16 – New Zealand’s sovereign credit rating outlook was lowered to ‘negative’ from ‘stable’ by Fitch Ratings, which cited the nation’s looming current account deficit and rising from debt levels. More >>
Auckland missing out on Chinese opportunies
Thursday, 16 July 2009, 2:28 pm | Businesswire
July 16 (BusinessWire)- Traditional Auckland is missing a trick by failing to make the most of the booming growth in Chinese communities that has occurred in the city in the last 20 years, says a new report published by the Asia New Zealand Foundation. More >>
New orders buoy manufacturers' mood
Thursday, 16 July 2009, 1:50 pm | Businesswire
July 16 – New Zealand manufacturing activity shrank at a slower pace in June as a record jump in new orders entered growth territory for the first time since April last year. More >>
BNZ loses massive tax case - NZ$654m + owing
Thursday, 16 July 2009, 12:18 pm | Businesswire
July 16 (BusinessWire) - The Bank of New Zealand has lost a landmark tax case and owes NZ$654 million in back taxes and accumulated interest, in the first ruling from six similar cases against foreign-owned banks. Back taxes off more than NZ$2 billion ... More >>
NZ inflation rate falls back within RBNZ band
Thursday, 16 July 2009, 11:04 am | Businesswire
July 16 (BusinessWire) - New Zealand's annual rate of inflation dropped back close to the middle of the central bank's target band recording a 1.9% increase for the year to June 2009. More >>
BNZ tax case decision due - NAB on trading halt
Thursday, 16 July 2009, 10:26 am | Businesswire
July 16 - The National Australia Bank has been placed on a trading halt in both New Zealand and Australia. More >>
NZ dollar at 2-week high on US earnings: CPI looms
Thursday, 16 July 2009, 9:54 am | Businesswire
July 16 – The New Zealand dollar pushed near a two-week high as a better-than-expected outlook for U.S. corporate earnings spurred a rally in global stock markets, while Chinese data showed the world’s fourth-largest economy boosted its money supply, ... More >>
Stocks to watch: Auckland Airport, NZOG, Seeka
Thursday, 16 July 2009, 9:40 am | Businesswire
Stocks to watch: Auckland Airport, NZOG, Seeka July 16 – 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 jump, dollar falls
Thursday, 16 July 2009, 9:06 am | Businesswire
July 16 – Stocks on Wall Street rallied after Intel Corp. forecast better-than-expected sales, Federal Reserve minutes showed policymakers see the recession slowing and manufacturing data picked up. More >>
MARKET CLOSE: NZ shares rise; NPX, Infratil gain
Wednesday, 15 July 2009, 6:24 pm | Businesswire
July 15 – New Zealand shares rose for a second day as investors worldwide took comfort from better-than-expected earnings of U.S. companies such as Intel and Goldman Sachs, stoking optimism for global growth and risk appetite. More >>
Seeka writes off Vital Foods stake
Wednesday, 15 July 2009, 4:57 pm | Businesswire
July 15 (BusinessWire)– Seeka Kiwifruit Industries Ltd., which handles around 26% of New Zealand’s kiwifruit crop, will write off its investment in Vital Foods Ltd. this year. The company’s shares jumped 13% on the announcement. More >>
Kiwis cautious as Asian sentiment rebounds
Wednesday, 15 July 2009, 1:33 pm | Businesswire
July 15 (BusinessWire) - New Zealand and Japanese investors are the most pessimistic in the Asian region, with sentiment among investors in other countries bouncing back strongly in the second quarter of 2009. More >>
2degrees' Reynolds resigns, Trilogy takes control
Wednesday, 15 July 2009, 11:48 am | Businesswire
July 15 – Mike Reynolds announced his resignation as chief executive of 2degrees just weeks before New Zealand’s third mobile phone network is set to launch. More >>
NZ is an unbalanced, 3rd division economy: Key
Wednesday, 15 July 2009, 11:21 am | Businesswire
July 15 - The worst of the recession appears to have passed, but New Zealand has a long way to go to reverse five years of tradeables decline, says Prime Minister John Key. More >>
