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Businesswire - Latest News [Page 216]
Fletcher closes Australian MDF plant
Friday, 26 June 2009, 2:19 pm | Businesswire
June 26 – Fletcher Building Ltd., the nation’s biggest construction and building materials company, said its Laminex unit will shutter a medium density fibreboard plant in Western Australia because of a downturn in demand. More >>
Qantas cuts Dreamliner order in airline slump
Friday, 26 June 2009, 2:01 pm | Businesswire
June 26 – Qantas Airways Ltd., set to be the world’s biggest customer for Boeing Co.’s much-delayed Dreamliner aircraft, cut its order by 15 planes to 50 to save US$3 billion and deferred first deliveries for three years. More >>
SMELLIE SNIFFS THE BREEZE: Tackling imbalances
Friday, 26 June 2009, 1:39 pm | Businesswire
As if we didn't already know, the first half of 2009 is turning out to be a real stinker. More >>
NZ economy contracts more than expected
Friday, 26 June 2009, 12:14 pm | Businesswire
June 26 - New Zealand’s economic recession unexpectedly deepened in the first quarter, reflecting weaker household spending and a slump in manufacturing, stoking expectations the economy faces a slow and tepid recover from the worst slump in 30 years. The ... More >>
EU, US dairy subsidies to cost NZ economy NZ$122M
Friday, 26 June 2009, 12:07 pm | Businesswire
June 26 – Export subsidies for dairy farmers in the U.S. and Europe could cost the New Zealand economy around NZ$122 million by encouraging more milk products onto global markets and driving down prices, according to the New Zealand Institute of ... More >>
Exemptions eyed for power directors Withers, Tume
Friday, 26 June 2009, 10:46 am | Businesswire
June 26 - The Commerce Commission is considering two requests for exemptions from Electricity Industry Reform Act requirements that directors of electricity retailers not serve on the boards of electricity network companies. More >>
NZ dollar gains before GDP, greenback weakens
Friday, 26 June 2009, 10:23 am | Businesswire
June 26 – The New Zealand dollar gained ahead of GDP figures that are expected to show the recession abated in the first quarter, stoking expectations the economy will return to growth before the end of the year. More >>
Stocks to watch: Infratil, Telecom, Wakefield
Friday, 26 June 2009, 9:58 am | Businesswire
June 26 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Treasury sale, Bernanke
Friday, 26 June 2009, 8:51 am | Businesswire
June 26 – U.S. Treasuries rallied after the government completed its third auction of debt this week, drawing more demand than expected, and as figures showed an increase in Americans seeking for unemployment benefits. More >>
MARKET CLOSE: NZ shares gain; Telecom up on Chorus
Thursday, 25 June 2009, 5:57 pm | Businesswire
June 25 – New Zealand shares rose, sending the NZX 50 Index to its biggest gain since June 3, as global confidence about a recovery from recession lifted equity markets, and as Telecom Corp. gained on its negotiations over NZ$3 billion of contracts. More >>
Smith signals inevitable ETS delays
Thursday, 25 June 2009, 3:49 pm | Businesswire
June 25 - Inclusion of the stationary energy and industrial processes sectors in the Emissions Trading Scheme from next January was never achievable, Enviroment Minister Nick Smith told the Local Government and Environment select committee this morning. More >>
NZ current-account gap shrinks for 'wrong' reasons
Thursday, 25 June 2009, 11:59 am | Businesswire
June 25 – New Zealand’s current account deficit shrank to the smallest since 2004 in the first quarter as the worst recession in 30 years crimped demand for imports and global oil prices declined. More >>
NZ dollar falls as Fed sees low rates enduring
Thursday, 25 June 2009, 10:17 am | Businesswire
June 25 – The New Zealand dollar fell after the Federal Reserve hosed down expectations it would hike interest rates later this year, and stoked support for the greenback. More >>
Stocks to watch: Contact outlook, Wrightson
Thursday, 25 June 2009, 10:04 am | Businesswire
June 23 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Fed policy unchanged
Thursday, 25 June 2009, 9:07 am | Businesswire
June 25 – The Federal Reserve kept monetary policy unchanged after its two-day meeting, saying the U.S. recession is abating while inflation will remain subdued for an extended period. More >>
Fonterra’s Ferrier taps 2 executives in shake-up
Wednesday, 24 June 2009, 11:20 pm | Businesswire
June 24 – Fonterra Cooperative Group chief executive Andrew Ferrier tapped two executives for broader roles at the world’s biggest dairy exporter as part of a move to consolidate the core business units into one. More >>
MARKET CLOSE: NZ shares fall; Wrightson slips
Wednesday, 24 June 2009, 6:43 pm | Businesswire
June 24 – New Zealand shares fell for a second day in light trade after PGG Wrightson cut its profit forecast a week before the year end and amid perceptions equities have become pricier after a three-month rally. More >>
Confidence rises as bad news abates
Wednesday, 24 June 2009, 4:24 pm | Businesswire
June 24 - Consumer confidence bounced back strongly in the three months to June, as fears of a deeper world recession eased, according to the latest Westpac-McDermott Miller Consumer Confidence Index . More >>
Fisher’s Kingfish introduces quarterly dividends
Wednesday, 24 June 2009, 3:42 pm | Businesswire
June 24 – Fund manager Carmel Fisher’s Kingfish Ltd., the small cap investor managed by Fisher Funds, will offer quarterly dividend payments to investors, with first return likely to be made in September. More >>
Currency Focus: Belgian dentists return to Kiwi
Wednesday, 24 June 2009, 1:58 pm | Businesswire
Sales of New Zealand dollar urisdashi and eurokiwi bonds in June outpaced redemptions for the first time in more than a year, suggesting renewed appetite for high-yields will underpin the kiwi heading into the biggest month of maturities in at least a ... More >>
