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Businesswire - Latest News [Page 217]
Wrightson cuts profit forecast a second time
Wednesday, 24 June 2009, 12:22 pm | Businesswire
June 24 – PGG Wrightson, New Zealand’s biggest rural services company, cut its full-year profit forecast for a second time, reflecting a downturn in dairy activity and a reluctance of sheep and beef farmers to spend more as trading improves. More >>
ING inquiry won’t be finished before settlement
Wednesday, 24 June 2009, 10:45 am | Businesswire
June 24 – The Commerce Commission’s investigation into two frozen ING New Zealand Ltd. funds won’t be finished for at least six months, long after the deadline for investors to accept a settlement offer next month. More >>
Restaurant Brands signs for 10 more years of pizza
Wednesday, 24 June 2009, 10:37 am | Businesswire
June 24 - Restaurant Brands New Zealand Ltd., which returned its Pizza Hut chain to sales growth for the first time in four years, signed a 10-year agreement to continue with the franchise while it sells down its stores to owner-operators. More >>
NZ dollar gains as greenback slides ahead of FOMC
Wednesday, 24 June 2009, 10:11 am | Businesswire
June 24 – The New Zealand dollar gained as the greenback weakened going into the Federal Reserve’s two-day policy meeting, which is expected to keep U.S. interest rates near zero and may signal he end of measures aimed at combating the recession. More >>
Stocks to watch: Air NZ, NZR, Restaurant Brands
Wednesday, 24 June 2009, 9:50 am | Businesswire
June 24 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Boeing delays Dreamliner
Wednesday, 24 June 2009, 9:07 am | Businesswire
June 24 – Boeing Co. delayed the test flight of its 787 Dreamliner for a fifth time citing structural issues, while omitting to give a new delivery timetable on the aircraft that is two years behind schedule. More >>
MARKET CLOSE: NZ shares slide; Pike, Fletcher, Rak
Tuesday, 23 June 2009, 6:06 pm | Businesswire
June 23 – New Zealand shares fell, joining a worldwide slide, after a downbeat global assessment from the World Bank and signs of a deeper slump at home weighed on construction firm Fletcher Building, miner Pike River Coal and New Zealand Oil ... More >>
NZ economic outlook worsens as kiwi stays high
Tuesday, 23 June 2009, 12:08 pm | Businesswire
June 23 – Economists have a gloomier outlook for the New Zealand economy this year, as a stubbornly high kiwi dollar weighs on the prospect of an export-driven recovery next year. More >>
NZ dollar falls as World Bank saps risk appetite
Tuesday, 23 June 2009, 10:04 am | Businesswire
June 23 – The New Zealand dollar slid below 63 U.S. cents for the first time in a week after the World Bank downgraded its outlook for the global economy, stoking a sell-off in higher-yielding, or riskier, assets. More >>
Stocks to watch: NZOG, Telecom, Sanford outlook
Tuesday, 23 June 2009, 9:51 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: World Bank outlook dims
Tuesday, 23 June 2009, 8:28 am | Businesswire
June 23 – Stocks fell in Europe and the U.S., prices of oil and metals dropped, and the greenback strengthened after the World Bank said the worldwide recession this year will be deeper than it had previously forecast. More >>
MARKET CLOSE: NZX 50 gains; Air NZ, Fletcher rise
Monday, 22 June 2009, 6:39 pm | Businesswire
June 22 – New Zealand shares rose after figures showed a pick-up in net migration and investors bet GDP data this week will show the economy didn’t slump as much as the central bank has predicted in the first quarter. More >>
NZ net migration climbs to near six-year high
Monday, 22 June 2009, 2:55 pm | Businesswire
June 22 – New Zealand net migration increased to its strongest rate in nearly six years in May, stoking optimism the influx will start to underpin demand in the domestic economy. More >>
National Australia acquires Aviva units for A$825M
Monday, 22 June 2009, 2:32 pm | Businesswire
June 22 – National Australia Bank, that nation’s third-biggest lender, agreed to acquire the Australian wealth management and insurance units of the U.K.’s Aviva Plc for A$825 million, as part of its strategy to boost non-bank income. More >>
NZ Dollar Outlook: Kiwi may gain on better data
Monday, 22 June 2009, 1:26 pm | Businesswire
June 22 – The New Zealand dollar may gain this week on speculation domestic data will indicate the economic slump is easing, adding to worldwide signs of a thaw that are boosting demand for higher-yielding, or riskier, assets. More >>
NZ dollar gains; outlook lifts risk appetite
Monday, 22 June 2009, 10:04 am | Businesswire
June 22 – The New Zealand dollar gained as optimism the global economy is on the mend stoked investor appetite for higher-yielding, or riskier, assets. More >>
Stocks to watch: Telecom toughens up, Tower rating
Monday, 22 June 2009, 9:56 am | Businesswire
June 22 – 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 tech shares gain
Monday, 22 June 2009, 8:25 am | Businesswire
June 22 – The Nasdaq Composite rose on Friday, with Apple Inc. climbing amid reports of founder Steve Jobs’ health and the release of new iPhones, while Microsoft Corp. gained after Goldman Sachs raised its rating on the world’s biggest software company. More >>
MARKET CLOSE: NZ shares fall; Air NZ, Telecom down
Friday, 19 June 2009, 6:22 pm | Businesswire
June 19 – New Zealand shares fell, ending a three-day gain, as Air New Zealand Ltd. retreated on concerns over the national carrier’s declining passenger numbers and increased competition. The NZX 50 Index slid on light volumes while Asian equities ... More >>
Smellie Sniffs the Breeze: A Powerful Tangle
Friday, 19 June 2009, 4:57 pm | Businesswire
June 19 - Getting your head around the electricity takes about two years. That's what I found anyway. More >>
