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Businesswire - Latest News [Page 221]
NZ dollar gains before MPS, stern warnings seen
Wednesday, 10 June 2009, 10:02 am | Businesswire
June 10 – The New Zealand dollar gained ahead of the central bank’s review of monetary policy tomorrow, where Governor Alan Bollard is expected to issue a warning about high long-term interest rates and the currency’s resilience. More >>
Stocks to watch: ING, Restaurant Brands, Contact
Wednesday, 10 June 2009, 9:50 am | Businesswire
June 10 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Select Committee slams banks
Wednesday, 10 June 2009, 9:10 am | Businesswire
June 10 – In a bipartisan move, a Parliamentary Select Committee has urged banks to pass on cuts to the official cash rate to their floating and short-term mortgage rates. More >>
While you were sleeping: 10 banks to repay TARP
Wednesday, 10 June 2009, 8:34 am | Businesswire
June 10 – Ten U.S. lenders won approval from the U.S. Treasury to repay a total US$68 billion of taxpayer funds, giving them more freedom to set executive pay, hire workers and lend. More >>
MARKET CLOSE: NZ stocks mixed on earnings outlook
Tuesday, 9 June 2009, 5:41 pm | Businesswire
June 9 – New Zealand shares ended the day mixed amid concern corporate earnings will remain subdued while rising bond yields sap the appeal of the yield available from equities. Kiwi Income Property Trust led decliners after shedding its dividend. More >>
Contact Outlook Pulls Origin Down Too
Tuesday, 9 June 2009, 2:26 pm | Businesswire
June 9 – Origin Energy Ltd., the Australian company that owns 51.4% of Contact Energy Ltd., warns it will struggle to meet previous forecasts that would have seen it increase its underlying profit by as much as a quarter. More >>
NZ building work falls 0.7%, may extend slide
Tuesday, 9 June 2009, 1:12 pm | Businesswire
June 9 – New Zealand’s total building work fell by a smaller-than-expected 0.7% in the first quarter, though the decline is set to accelerate in the latest three months followings slump in construction permits. More >>
Stocks to watch: AMP Office, Contact, Cynotech
Tuesday, 9 June 2009, 9:58 am | Businesswire
June 9 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar holds below 62 cents; Ireland downgraded
Tuesday, 9 June 2009, 9:53 am | Businesswire
June 9 – The New Zealand dollar held below 62 U.S. cents after a second downgrade to Ireland’s credit rating erased investors’ appetite for higher-yielding, or riskier, assets and stoked demand for the greenback. More >>
While you were sleeping: BlackRock eyes Barclays
Tuesday, 9 June 2009, 8:43 am | Businesswire
June 9 – The U.S. dollar rose to the highest in a week against the euro amid speculation the world’s biggest economy will revive enough by the end of the year to warrant the Federal Reserve raising its interest rate target from near zero. More >>
MARKET CLOSE: NZX 50 falls; Contact, FPH dip
Monday, 8 June 2009, 6:38 pm | Businesswire
June 8 – New Zealand shares fell, with the Queen’s Birthday public holiday in Australia keeping trading light, after Contact Energy Ltd. cut its earnings forecast and Fisher & Paykel Healthcare slipped as investors contemplated the company’s ... More >>
Key rules out new capital gains taxes
Monday, 8 June 2009, 6:11 pm | Businesswire
June 8 - Prime Minister John Key says capital gains taxes distort investment, don't work and are a nightmare to administer. More >>
NZ Dollar Outlook: Kiwi may sink ahead of RBNZ
Monday, 8 June 2009, 1:22 pm | Businesswire
June 8 – The New Zealand dollar, which has tumbled against a resurgent greenback, may extend its slide this week as investors gauge the potential for a further interest rate cut and jawboning by central bank Governor Alan Bollard to drive the kiwi lower. More >>
Streamlined approvals may speed smaller M&As
Monday, 8 June 2009, 12:27 pm | Businesswire
June 8 – The Commerce Commission is offering a streamlined approval process for mergers and acquisitions, with straightforward transactions involving smaller companies or markets the most likely beneficiaries. More >>
Contact cuts forecast a 2nd time as lakes spill
Monday, 8 June 2009, 10:43 am | Businesswire
June 8 – Contact Energy Ltd., the biggest utility on the NZX 50 Index, cut its earnings forecast for a second time, as surplus capacity in South Island hydro lakes and reduced demand weigh on wholesale prices. More >>
NZ dollar falls; U.S. jobs data stokes US$ demand
Monday, 8 June 2009, 10:13 am | Businesswire
June 8 – The New Zealand dollar tumbled as better-than-expected employment data in the U.S. stoked demand for the greenback amid signs the world’s largest economy may be on the road to recovery, and its central bank could lift interest rates as ... More >>
Stocks to watch: Contact, F&P Healthcare, Infratil
Monday, 8 June 2009, 9:49 am | Businesswire
June 8 – 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 job losses slow
Monday, 8 June 2009, 8:20 am | Businesswire
June 8 – U.S. employers cut the fewest jobs in eight months in May, stoking optimism that the recession in the world’s biggest economy is abating, helping lift the U.S. dollar and weighing on Treasuries. More >>
NZ property prices stabilise with cheaper lending
Monday, 8 June 2009, 6:55 am | Businesswire
June 8 - New Zealand property values continued to stabilise in May with cheaper mortgage rates making housing more affordable and suggesting the market is recovering after its slump in 2008. More >>
MARKET CLOSE: NZ shares gain; Infratil, NZOG rise
Friday, 5 June 2009, 6:58 pm | Businesswire
June 5 – New Zealand shares rose for the fourth day in five, with Infratil Ltd. gaining on a takeover proposal for its 32% owned Australian energy unit and New Zealand Oil & Gas climbing with the price of crude oil. More >>
