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Businesswire - Latest News [Page 209]
NZ dollar gains after Goldman, Intel results
Wednesday, 15 July 2009, 10:27 am | Businesswire
July 15 – The New Zealand dollar gained as better-than-expected results from investment bank Goldman Sachs Group and chip-maker Intel stoked appetites for higher-yielding, or riskier, currencies. More >>
Strategic Finance loss widens on impairments
Wednesday, 15 July 2009, 10:25 am | Businesswire
July 15 – Strategic Finance Ltd., which has a moratorium on payments to investors, said its loss widened in the 12 months through June as property values fell, more borrowers defaulted and prior-ranking lenders took action to recover loans over properties ... More >>
Stocks to watch: Charlie’s, Genesis Research, IFT
Wednesday, 15 July 2009, 9:40 am | Businesswire
Stocks to watch: Charlie’s, Genesis Research, Infratil July 15 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Goldman profit soars
Wednesday, 15 July 2009, 8:32 am | Businesswire
July 15 – Goldman Sachs Group posted record second-quarter earnings, beating expectations, in an endorsement of chief executive Lloyd Blankfein’s strategy to take on more risk as most rivals adopt more conservative positions. More >>
MARKET CLOSE: NZ stocks rise; Steel & Tube gains
Tuesday, 14 July 2009, 5:54 pm | Businesswire
July 14 – New Zealand stocks rose for the first day in four, as a rally on Wall Street spilled into the Asia Pacific, Singapore raised its GDP forecast and Reserve Bank Governor Alan Bollard said the economy may revive faster than its trading partners. ... More >>
Swine flu impact smaller than SARS, RBNZ says
Tuesday, 14 July 2009, 2:30 pm | Businesswire
July 14 – The economic impact of swine flu will probably be smaller than the SARS epidemic in Hong Kong or the 1918 Spanish influenza outbreak in the U.S., according to Reserve Bank research. More >>
Charlie's loss bigger than expected, Oz looking up
Tuesday, 14 July 2009, 2:23 pm | Businesswire
July 14 – Charlie’s Group Ltd., the unprofitable juice-maker formed by Simply Squeezed founder Stefan Lepionka and entertainer Marc Ellis, expects to post a bigger-than-expected full-year loss as a drop-off in New Zealand sales outweigh growth in Australian markets. More >>
Bollard repeats borrow and spend warning to NZers
Tuesday, 14 July 2009, 12:27 pm | Businesswire
July 14 – Reserve Bank Governor Alan Bollard issued his second warning in as many months for households to rein in their spending and boost savings to help rebalance the economy as it comes out of its longest recession in 30 years. More >>
Savings would last a month for 45% of NZers
Tuesday, 14 July 2009, 10:59 am | Businesswire
July 14 – Almost half of working New Zealanders have only enough savings to survive for a month if they lost their jobs, according to a survey from Dun & Bradstreet. More >>
NZ dollar gains on Goldman outlook, Wall St gains
Tuesday, 14 July 2009, 10:06 am | Businesswire
July 14 – The New Zealand dollar gained as U.S. stocks rallied after a prominent U.S. analyst upgraded her outlook for Goldman Sachs Group, raising the prospect of better-than-expected corporate earnings in the world’s largest economy and renewing ... More >>
Stocks to watch: Air NZ, AMP Office, Hellaby
Tuesday, 14 July 2009, 9:44 am | Businesswire
Stocks to watch: Air NZ, AMP Office, Hellaby Holdings July 14 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: CIT Group flounders
Tuesday, 14 July 2009, 8:45 am | Businesswire
July 14 – Stocks on Wall Street rallied, led by banks, after analyst Meredith Whitney recommended Goldman Sachs Group as a buy and said lenders are set to advance. More >>
NZ farm prices slump on Fonterra payout
Monday, 13 July 2009, 7:15 pm | Businesswire
July 13 - New Zealand farm prices have fallen by a quarter across the country in the last year and taken an even heavier hammering in Southland where the dairy conversion boom has ground to a halt. More >>
Fletcher group wins NZ$406M Victoria Park contract
Monday, 13 July 2009, 7:11 pm | Businesswire
July 13 – A consortium led by Fletcher Building won the NZ$406 million contract to build Auckland’s 2.2 kilometre Victoria Park Tunnel, aimed at clearing a traffic choke point on the city side of the harbour bridge. More >>
MARKET CLOSE: NZX 50 falls, led by Air NZ, RAK
Monday, 13 July 2009, 6:01 pm | Businesswire
July 13 – New Zealand shares edged lower in light trading, led by Air New Zealand Ltd., which fell to a four-month low amid expectations increased rivalry on domestic routes will drive down prices in an already-subdued market. More >>
AMP Office Trust wipes 18% off 21 Queen St value
Monday, 13 July 2009, 3:52 pm | Businesswire
July 13 – AMP Office NZ Office Trust, the country’s largest listed commercial property investor, reported its completed Queen Street development has been “significantly” affected by the global downturn, with its value slashed 18% in the last three months, ... More >>
NZ Dollar Outlook: Kiwi to fall on recovery doubts
Monday, 13 July 2009, 1:29 pm | Businesswire
July 13 – The New Zealand dollar may fall this week as concerns the global economic recovery might not be as fast as expected sap investors’ appetite for higher-yielding, or riskier, assets. More >>
South Canterbury related-party loans to be pruned?
Monday, 13 July 2009, 1:15 pm | Businesswire
July 13 – South Canterbury Finance, the finance group whose investment-grade credit rating is being supported by its biggest shareholder, would face a severe pruning of related-party lending under the central bank’s draft rules for non-bank deposit ... More >>
NZ retail sales post bigger gain for 2nd month
Monday, 13 July 2009, 11:49 am | Businesswire
July 13 - New Zealand retail sales rose more than expected for a second month in May, suggesting lingering effects of the April 1 tax cuts, lower interest rates and a pick-up in net migration are fueling revenue at stores. More >>
NZ dollar may fall as risk appetite fades
Monday, 13 July 2009, 9:46 am | Businesswire
July 13 – The New Zealand dollar may fall as optimism for an early economic recovery fades amid reports at least 10 Eastern European nations require aid from the International Monetary Fund, sapping demand for higher-yielding, or riskier, assets. More >>
