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Businesswire - Latest News [Page 218]
Strong dollar greatest recovery threat, ASB
Friday, 19 June 2009, 2:31 pm | Businesswire
June 19 - Continued strength of the New Zealand dollar remains the biggest threat to economic recovery, which ASB economists still expect to take hold in 2010. More >>
Stocks to watch: Insulation fund boon for Fletcher
Friday, 19 June 2009, 10:06 am | Businesswire
June 19 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar gains; Swiss central bank move rumoured
Friday, 19 June 2009, 9:57 am | Businesswire
June 19 – The New Zealand dollar gained amid rumours of a currency intervention by the Swiss National Bank, while better-than-expected data out of the U.S. stoked investors’ demand for high-yielding, riskier assets. More >>
While you were sleeping: US economic data picks up
Friday, 19 June 2009, 8:29 am | Businesswire
June 19 – The U.S. economy showed signs of life, with an unexpected pick-up in jobs data, a turnaround in the factory sector and a rise in an index of leading indicators. More >>
MARKET CLOSE: NZ shares rise; Telecom up on ruling
Thursday, 18 June 2009, 6:45 pm | Businesswire
June 18 – New Zealand shares rose for the first day in three, led by Telecom Corp. after the regulator imposed pricing rules for rivals to access the phone company’s roadside cabinets. The NZX 50 Index gained while most benchmarks across Asia fell ... More >>
NZ government delays ETS forestry reporting
Thursday, 18 June 2009, 4:31 pm | Businesswire
June 17 - Delays in establishing an Emissions Trading Scheme in New Zealand have forced the government to allow more time for ETS reporting on forestry, although the sector is still be subject to the scheme from the start date of January 2008. More >>
Strategic Review for Meridian Energy
Thursday, 18 June 2009, 1:41 pm | Businesswire
June 16 - Meridian Energy is being forced to face bloated internal costs AS IT reviews its core operations. More >>
PSIS aims to register as bank, aims to lift rating
Thursday, 18 June 2009, 1:28 pm | Businesswire
June 18 – PSIS Ltd., the mutual that evolved out of the Public Service Investment Society, wants to register as a bank while retaining its status as a cooperative, betting that rivalry for customers will squeeze margins over the next 10 years. More >>
NZ regulator affirms sub-loop prices for Telecom
Thursday, 18 June 2009, 11:31 am | Businesswire
June 18 – The Commerce Commission reiterated the prices Telecom Corp. can charge its competitors for access to the sub-loop unbundled copper service. More >>
NZOG cut to hold by AspectHuntley after rally
Thursday, 18 June 2009, 11:14 am | Businesswire
June 18 – New Zealand Oil & Gas, whose stock has gained 28% this year as crude oil rallied, was cut to “hold” at Morningstar’s Aspect Huntley research unit, which said the company has limited scope to extend its gains from current levels. More >>
NZ dollar gains; weak US inflation saps US$ demand
Thursday, 18 June 2009, 10:00 am | Businesswire
June 18 – The New Zealand dollar gained as weaker-than-expected inflation in the U.S. dashed expectations of an early rate hike by the Federal Reserve and sapped demand for the greenback. More >>
Stocks to watch: Air NZ, NZX’s Australian set-back
Thursday, 18 June 2009, 9:55 am | Businesswire
June 18 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Obama’s financial reforms
Thursday, 18 June 2009, 8:36 am | Businesswire
June 18 – President Barack Obama unveiled sweeping proposals to overhaul supervision of U.S. financial markets, creating an agency to monitor consumer financial products, increasing scrutiny of hedge funds and buyout firms and giving the Federal Reserve ... More >>
Exempt Agriculture from ETS: Joint NZIER Report
Wednesday, 17 June 2009, 8:17 pm | Businesswire
June 17 - Measuring agricultural greenhouse gas emissions is likely to be too expensive in the short term to warrant including agriculture in any early version of an Emissions Trading Scheme, leading economic consultancies have told a parlaimentary select committee ... More >>
MARKET CLOSE: NZ shares slip; recovery questioned
Wednesday, 17 June 2009, 7:20 pm | Businesswire
June 17 – New Zealand shares fell for a second day, led by Fletcher Building Ltd. and Air New Zealand Ltd., amid concern a global economic recovery will be slower and weaker than market prices had been indicating. More >>
Bollard warns against bets on strong kiwi
Wednesday, 17 June 2009, 2:24 pm | Businesswire
June 17 – Reserve Bank Governor Alan Bollard warned against bets on a rising New Zealand dollar, saying the nation faces a slow recovery and needs to rebalance towards exports and investments, and away from consumption. More >>
Charlie’s spurns low-ball offers, aims for profit
Wednesday, 17 June 2009, 12:26 pm | Businesswire
Charlie’s spurns ‘low-ball’ offers, mulls capital raising as it aims for 2010 profit More >>
Joyce extends timetable for Telecom unbundling
Wednesday, 17 June 2009, 12:08 pm | Businesswire
June 17 – Communications and IT Minister Steven Joyce has pushed out the timetable for Telecom Corp. to unbundle the local loop and backhaul services after the nation’s largest telecommunications provider put up an alternative for its operational separation ... More >>
Air NZ long-haul passenger slide extends into May
Wednesday, 17 June 2009, 10:19 am | Businesswire
June 17 – Air New Zealand Ltd.’s long-haul passenger volumes continued to slide in May, led by a 19% decline in numbers on routes through Asia, Japan and the U.K., reflecting the global economic slump and fears about swine flu. More >>
NZ dollar falls as BRIC nations modify US$ stance
Wednesday, 17 June 2009, 10:02 am | Businesswire
June 17 – The New Zealand dollar fell after leaders of the four largest emerging economies toned down their concerns about the greenback’s status as the world’s reserve currency, while Wall Street pushed lower on fears consumer spending may have ... More >>
