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Businesswire - Latest News [Page 220]
Kupe gas to flow in 4th qtr, later than expected
Friday, 12 June 2009, 11:32 am | Businesswire
June 12 – Raw gas from the Kupe field is likely to flow in the fourth quarter, later than expected, which may dent production totals at New Zealand Oil & Gas. More >>
NZ dollar holds above 64 US cts; greenback slides
Friday, 12 June 2009, 9:57 am | Businesswire
June 12 – The New Zealand dollar held above 64 U.S. cents as central bank Governor Alan Bollard’s decision to keep interest rates unchanged stoked investor appetite for the kiwi, while the greenback slid as traders sought high-yielding, or riskier, ... More >>
Stocks to watch: F&P Healthcare, Air NZ, Comvita
Friday, 12 June 2009, 9:43 am | Businesswire
June 12 – 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 retail sales gain
Friday, 12 June 2009, 8:23 am | Businesswire
June 12 – Stocks on Wall Street rose, helped by a gain in retail sales, fewer jobless claims and signs of demand at an auction of 30-year Treasury bonds. More >>
NZ manufacturing flags in May; strong kiwi weighs
Thursday, 11 June 2009, 6:31 pm | Businesswire
June 11 - New Zealand manufacturing activity slipped last month, remaining in contraction for a 13th straight month, with the strong kiwi dollar weighing on export industries. More >>
Pretax profits ‘irrelevant’ in tax case, BNZ says
Thursday, 11 June 2009, 6:23 pm | Businesswire
June 11 - Just because Bank of New Zealand transactions lost money without tax breaks doesn’t make such arrangements evidence of tax avoidance, the bank’s legal counsel Alan Galbraith told the High Court in Wellington today. More >>
MARKET CLOSE: NZ stocks fall after MPS; FPH drops
Thursday, 11 June 2009, 6:06 pm | Businesswire
June 11 – New Zealand shares fell for the first day in three after the central bank kept its key interest rate unchanged, helping drive the kiwi dollar higher and weighing on companies such as Fisher & Paykel Healthcare which derive revenue ... More >>
NZ median house sale price slips, volumes hold up
Thursday, 11 June 2009, 1:13 pm | Businesswire
NZ median house sale price slips, volumes hold up amid shortage of properties June 11 – New Zealand residential property prices slipped in May, after three straight monthly gains, while the volume of sales held up in a market suffering from “an ... More >>
Bollard may be done cutting rates; inflation eases
Thursday, 11 June 2009, 12:24 pm | Businesswire
June 11 – Reserve Bank of New Zealand Governor Alan Bollard may be done cutting interest rates this cycle after predicting a more moderate track for inflation and noting signs that the worst recession in 30 years may be abating. More >>
NZ dollar climbs; rates on hold,slow recovery seen
Thursday, 11 June 2009, 11:41 am | Businesswire
June 11 – The New Zealand dollar climbed after the central bank held interest rates at 2.5% and said there are prospects for a slow recovery, increasing the prospects that Governor Alan Bollard won’t cut rates again in this easing cycle. More >>
Stocks to watch: Sky Network, ING, Mainfreight
Thursday, 11 June 2009, 9:44 am | Businesswire
June 11 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
RBNZ keeps OCR at 2.5% on signs of 'stabilisation'
Thursday, 11 June 2009, 9:29 am | Businesswire
June 11 – Reserve Bank of New Zealand Governor Alan Bollard held the official cash rate at 2.5%, pointing to signs of stabilisation in global economic activity and resilience in the domestic economy. More >>
While you were sleeping: Wall St falls, Beige Book
Thursday, 11 June 2009, 8:42 am | Businesswire
June 11 – Stocks on Wall Street dropped amid concern tepid interest in the sale of US$19 billion of 10-year Treasuries and a gain in the price of crude oil to more than US$71 a barrel fueled will stoke inflation and undermine a revival in economic ... More >>
MARKET CLOSE: NZ shares rise, led by AMP, banks
Wednesday, 10 June 2009, 7:06 pm | Businesswire
June 10 – New Zealand shares rose as news that U.S. banks are repaying federal bailout funds helped lift financials such as AMP Ltd. and Australia & New Zealand Banking Group while a jump in Australian consumer confidence lifted companies that ... More >>
GSJB favours Sky TV, FPH as downturn endures
Wednesday, 10 June 2009, 6:00 pm | Businesswire
June 10 – Pay-TV operator Sky Television Network Ltd. and respiratory ventilator-maker Fisher & Paykel Healthcare Corp. are well placed to ride out New Zealand’s first recession in a decade, according to Goldman Sachs JBWere’s head of asset ... More >>
NZ export prices post biggest slide since 1957
Wednesday, 10 June 2009, 4:44 pm | Businesswire
June 10 – New Zealand export prices recorded their biggest slide since 1957 in the first quarter, led by a slump in dairy products, suggesting weaker returns from the nation’s overseas shipments will constrain economic growth this year. More >>
NZ councils would lift disclose under Hide reforms
Wednesday, 10 June 2009, 2:34 pm | Businesswire
June 10 – New Zealand local government agencies will have to produce plain-English pre-election fiscal updates, just as central government does, under reforms proposed this week by Local Goverment Minister Rodney Hide and destined for implementation ... More >>
NZ credit, debit card retail spending rose in May
Wednesday, 10 June 2009, 2:18 pm | Businesswire
June 10 – Electronic card spending at New Zealand retailers rose last month, suggesting lower interest rates and tax cuts are beginning to revive consumer spending. More >>
Wellington Drive to miss prospectus forecasts
Wednesday, 10 June 2009, 12:33 pm | Businesswire
June 10 – Wellington Drive Technologies, the manufacturer searching for a cornerstone investor, said sales and profit will miss its prospectus forecasts this year, reflecting lower-than-expected demand for refrigeration motors in Asia and Europe. More >>
NZ business-to-business bad debts double: D&B
Wednesday, 10 June 2009, 11:05 am | Businesswire
June 10 – The number of business-to-business debts referred to collection agencies in New Zealand doubled in the first quarter from a year earlier, a sign that the prolonged economic slump is eroding firms’ cash flow, according to Dun & Bradstreet. More >>
