Businesswire - Latest News [Page 211]
NZ dollar falls on weak commodities, profit fears
Thursday, 9 July 2009, 10:04 am | Businesswire
July 9 – The New Zealand dollar fell as weaker prices for raw materials and rising concerns about the U.S. corporate earnings season stoked investors’ aversion to higher-yielding, or riskier, assets. More >>
Stocks to watch: Briscoe, Infratil, Warehouse
Thursday, 9 July 2009, 9:43 am | Businesswire
Stocks to watch: Briscoe, Infratil, Warehouse July 9 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Treasuries rally at sale
Thursday, 9 July 2009, 8:34 am | Businesswire
July 9 – U.S. Treasuries rallied after an auction of US$19 billion of 10-year notes drew a record level of bids, reflecting a jump in purchases by investors such as foreign central banks, amid doubts economic growth will return soon. More >>
Fonterra online auction platform draws praise from
Wednesday, 8 July 2009, 8:04 pm | Businesswire
July 8 - Fonterra's global milk powder trading platform is a useful clearing house that sets competitive prices at moments in time, but with Fonterra representing only 2% of total world dairy product, the globalDairyTrade market is too small to have ... More >>
MARKET CLOSE: NZ shares rise; Telecom, Air NZ gain
Wednesday, 8 July 2009, 6:08 pm | Businesswire
July 8 – The NZX 50 Index pared its declines to end the session in positive territory, led by Telecom Corp. and Air New Zealand as investors favoured companies with defensive earnings and the price of crude oil fell. More >>
Briscoe sees first-half ‘north of NZ3.6M'
Wednesday, 8 July 2009, 5:32 pm | Businesswire
Briscoe Group’s Duke expects earnings ‘north of NZ$3.6 mln’ in first half More >>
Australian consumer sentiment gains on fiscal lift
Wednesday, 8 July 2009, 4:30 pm | Businesswire
July 8 – Australian consumer confidence climbed to a 19 month high while home-loan approvals rose, suggesting the government’s fiscal stimulus measures and low borrowing costs are helping underpin an economy that has managed to avoid recession. More >>
NZ ‘bond bank’ could save councils 100 bps: Yule
Wednesday, 8 July 2009, 3:43 pm | Businesswire
July 8 – A study into the potential to create a ‘bond bank’ that raises debt on behalf of local authorities has the potential to shave 10 basis points off council borrowing costs, said Lawrence Yule, president of Local Government New Zealand. More >>
IRD ‘system error’ gives last minute tax reprieve
Wednesday, 8 July 2009, 2:37 pm | Businesswire
July 8 – A “system error” on the Inland Revenue Department’s website has given some breathing space to people rushing to file their tax returns online for the 2008 financial year. More >>
NZOG Operators Fined for Spill
Wednesday, 8 July 2009, 2:09 pm | Businesswire
July 8 - Field operators and contractors for the Tui oilfield face total fines of $105,000 relating to a systems failure that resulted in a three minute oil discharge into the sea in October 2007. More >>
NZ local body ‘bond bank’ may help council funding
Wednesday, 8 July 2009, 1:43 pm | Businesswire
July 8 – The government is studying the potential to create an entity that would raise debt funding for local authorities, helping them access the cheapest possible borrowing as they prepare for an estimated NZ$30 billion of infrastructure spending ... More >>
Plus SMS suspension stands after no-show on report
Wednesday, 8 July 2009, 11:47 am | Businesswire
July 8 – Plus SMS Holdings Ltd., the provider of mobile messaging systems, has had its suspension on the stock exchange reaffirmed by NZX Ltd. after it failed to meet a second deadline to send through its annual report. More >>
NZ dollar falls as U.S., European stocks slide
Wednesday, 8 July 2009, 10:04 am | Businesswire
July 8 – The New Zealand dollar fell as stocks in the U.S. and Europe slid on dwindling appetite for higher-yielding, or riskier, assets after an economic aide to President Obama floated the prospect of a second fiscal stimulus package, eroding hopes of ... More >>
Stocks to watch: Methven, Marlin, Guinness Peat
Wednesday, 8 July 2009, 9:54 am | Businesswire
Stocks to watch: Methven, Marlin, Guinness Peat July 8 – 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 earnings loom
Wednesday, 8 July 2009, 8:37 am | Businesswire
July 8 – Stocks on Wall Street declined as investors braced for the start of the second-quarter earnings season and an adviser to President Barack Obama floated the prospect of a second stimulus package. More >>
Australia keeps benchmark interest rate at 3%
Wednesday, 8 July 2009, 12:03 am | Businesswire
July 7 – The Reserve Bank of Australia kept its benchmark interest rate unchanged at 3% and said stimulatory fiscal policy and the impact of low borrowing costs will help underpin an economy that has so far skirted recession. More >>
South Canterbury Finance rating outlook lowered
Tuesday, 7 July 2009, 11:35 pm | Businesswire
July 7 – South Canterbury Finance, whose founder and main shareholder Allan Hubbard injected NZ$40 million of funds into the business this week, had its BBB- credit rating placed on Creditwatch negative by Standard & Poor’s because of a deteriorating ... More >>
Marlin investor seeks delisting, pans returns
Tuesday, 7 July 2009, 6:30 pm | Businesswire
July 7 – A shareholder of Marlin Global Ltd., the investor in overseas shares managed by Fisher Funds Management, is lobbying for the company to be delisted and transformed into an open-ended fund as a way to lift the value of its units. More >>
MARKET CLOSE: NZX 50 snaps 4-day slide
Tuesday, 7 July 2009, 6:14 pm | Businesswire
July 7 – New Zealand’s NZX 50 Index snapped a four-day slide in light trading as investors await corporate earnings for the second quarter. Mainfreight Ltd. and New Zealand Refining Co. led gainers today. More >>
Huge spike in trade debtors recorded
Tuesday, 7 July 2009, 5:56 pm | Businesswire
July 7 - New Zealand's largest credit bureau says there has been a "huge jump" in the number of trade debtors not paying their bills and defaulting, with worse to come. More >>
