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Businesswire - Latest News [Page 212]
Rubicon Takeover Blunder Excused
Tuesday, 7 July 2009, 4:54 pm | Businesswire
July 7 – Miscommunication in a partial takeover of biotech company Rubicon Ltd. by a group of American funds set in train a series of events that allowed the funds to vote their own their shares in favour of the transaction. More >>
Rubicon Takeover Blunder Excused
Tuesday, 7 July 2009, 4:09 pm | Businesswire
July 7 – Miscommunication in a partial takeover of biotech company Rubicon Ltd. by a group of American funds set in train a series of events that allowed the funds to vote their own their shares in favour of the transaction. More >>
English chasing Kiwis' super in Aussie accounts
Tuesday, 7 July 2009, 1:29 pm | Businesswire
July 7 – Finance Minister Bill English will discuss the portability of superannuation with his Australian counterpart Wayne Swan at their annual meeting later this, and the country could stand to gain a “considerable amount” of some NZ$16.6 billion ... More >>
Xero taps Microsoft executive to head up U.K. arm
Tuesday, 7 July 2009, 12:37 pm | Businesswire
July 7 – Xero Ltd., the online accounting software provider, hired Microsoft Corp. executive Gary Turner as managing director for the U.K., which accounts for about 40% of its customer base and includes relationships with British Telecom Group Plc ... More >>
NZX trading volume rises for 2nd month, debt leads
Tuesday, 7 July 2009, 10:37 am | Businesswire
July 7 – Trading volumes on NZX Ltd.’s markets rose for a second month in June, led by a surge in trade in debt securities after a bumper crop of new sales so far in 2009. More >>
Business Sentiment Troughing, Says NZIER QSBO
Tuesday, 7 July 2009, 10:29 am | Businesswire
July 7 - Business sentiment is rebounding from its deepest troughs in the last 40 years, but leading indicators suggest the recession will drag on into the third quarter of 2008, according to the New Zealand Institute of Economic Research's Quarterly ... More >>
Stocks to watch: Auckland Airport, NZOG, Smiths
Tuesday, 7 July 2009, 9:53 am | Businesswire
Stocks to watch: Auckland Airport, NZOG, Smiths City July 7 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar gains as greenback's status questioned
Tuesday, 7 July 2009, 9:47 am | Businesswire
July 7 – The New Zealand dollar gained as more questions were raised about the status of the greenback as the world’s reserve currency ahead of the Group of Eight summit in Italy this week, stoking demand for higher yields in relatively safe economies ... More >>
While you were sleeping: US ISM slump slows
Tuesday, 7 July 2009, 8:31 am | Businesswire
July 7 – U.S. services industries slowed their decline last month, suggesting the worst economic decline since WWII is abating, though economists said there’s yet to be signs of a return to growth. More >>
MARKET CLOSE: NZX 50 falls for 4th day; AIA drops
Monday, 6 July 2009, 6:21 pm | Businesswire
July 6 – New Zealand shares fell in light holiday trading amid expectations earnings stayed weak in the second quarter and as companies including Auckland International Airport signalled they’re still feeling the effects of the global downturn. More >>
MARKET CLOSE: NZX 50 falls for 4th day; AIA drops
Monday, 6 July 2009, 6:21 pm | Businesswire
July 6 – New Zealand shares fell in light holiday trading amid expectations earnings stayed weak in the second quarter and as companies including Auckland International Airport signalled they’re still feeling the effects of the global downturn. More >>
Strong, Volatile Kiwi Worries The Treasury
Monday, 6 July 2009, 5:42 pm | Businesswire
July 6 - The strength of the New Zealand dollar is starting to worry The Treasury, which clearly nominates currency strength as one of the big potential spoilers both for economic recovery by the end of this year and for a sustained reduction in the ... More >>
Auckland Airport cuts international landing fees
Monday, 6 July 2009, 3:30 pm | Businesswire
July 6 – Auckland International Airport Ltd., the country’s biggest gateway, will cut international landing fees by 5% and abandon plans to raise domestic charges as the global downturn in demand for air travel erodes airline profits. More >>
Methven claims under investigation, shares tumble
Monday, 6 July 2009, 12:56 pm | Businesswire
July 6 – Methven Ltd., the manufacturer of taps and bathroom fittings, is facing prosecution by the Commerce Commission after a competitor laid a complaint about an advertisement’s claims. The shares dropped, erasing all of their gains last ... More >>
NZ Dollar Outlook: Kiwi may fall on QSBO, RBA
Monday, 6 July 2009, 12:52 pm | Businesswire
July 6 – The New Zealand dollar may fall this week amid expectations a survey of business sentiment will highlight ongoing weakness in the economy, while Australia’s central bank may keep its benchmark interest rate higher than New Zealand’s. More >>
RBNZ says banks’ fixed-lending rates ‘reasonable’
Monday, 6 July 2009, 11:24 am | Businesswire
July 6 – New Zealand banks’ pricing of fixed-rate loans is “reasonable” given the cost of funds, though there is room for lenders to reduce floating-rate products, according to the central bank. More >>
NZ dollar falls in subdued trade, before G-8
Monday, 6 July 2009, 9:54 am | Businesswire
July 6 – The New Zealand dollar fell in subdued trading, as the Fourth of July holiday in the U.S. reduced liquidity and traders weighed the prospects of a further challenge to the reserve status of the greenback by emerging economies this week. More >>
NZ property values rise, the number of sales fall
Monday, 6 July 2009, 9:32 am | Businesswire
July 5 – New Zealand property values rose in June as a general shortage of properties for sale saw vendors boost their prices in what’s beginning to look like a seller’s market. More >>
Stocks to watch: NZOG, Hellaby, Air NZ, Telecom
Monday, 6 July 2009, 9:24 am | Businesswire
July 6 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: India questions US dollar
Monday, 6 July 2009, 8:25 am | Businesswire
July 6 – Europe’s services industry deepened its slump last month while retail sales fell more than expected, adding to concerns that the global economy won’t recover quickly. More >>
