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Businesswire - Latest News [Page 222]
Fonterra must supply ‘cheap’ milk to Kaimai, Grate
Friday, 5 June 2009, 6:11 pm | Businesswire
June 5 – Fonterra Cooperative Group must supply milk at cost to Kaimai Cheese Co. and Grate Kiwi Cheese Co. after the regulator rule they qualified as independent processors entitled to a share of so-called “statutory” milk. More >>
Infratil's Energy Developments gets offer
Friday, 5 June 2009, 5:06 pm | Businesswire
June 5 – Infratil Ltd. indicated it may support a takeover over for its 32% owned Energy Developments in Australia by offering the bidding group an option over 19.9% of the company. More >>
Rio plans US$15B rights issue, tie-up with BHP
Friday, 5 June 2009, 2:40 pm | Businesswire
Rio plans US$15.2B in rights issue, seeks iron ore tie-up with BHP, rejects Chinalco More >>
To cut or not to cut: that's the question for RBNZ
Friday, 5 June 2009, 1:07 pm | Businesswire
June 5 – Economists are divided over whether central bank Governor Alan Bollard will cut interest rates to a new record-low next week, as a resilient currency curbs the prospects for an export-led recovery, and long-term interest rates remain relatively ... More >>
SMELLIE SNIFFS THE BREEZE - Burning Issues
Friday, 5 June 2009, 12:12 pm | Businesswire
June 5 - That unpopular phoenix, capital gains tax, was back on the agenda this week. More >>
NZ dollar heads for biggest weekly drop in 2 mths
Friday, 5 June 2009, 10:17 am | Businesswire
June 5 – The New Zealand dollar is headed for its biggest weekly decline in almost two months as traders gauge the scope for a cut to the official cash rate next week which would erode the yield appeal of the currency. More >>
Stocks to watch: F&P Healthcare, Methven, NZX
Friday, 5 June 2009, 9:46 am | Businesswire
June 5 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Oil surges, Obama speech
Friday, 5 June 2009, 8:41 am | Businesswire
June 5 – Crude oil surged more than 5% after figures showed U.S. jobless claims fell for a third week and Goldman Sachs analysts forecast the price could reach US$85 a barrel by the end of this year and US$95 by the end of 2010. More >>
NZ commodity prices rise for 3rd month; wool gains
Thursday, 4 June 2009, 11:28 pm | Businesswire
NZ commodity prices rise for 3rd month; wool gains from 23-yr low, beef up More >>
NZX plans dairy futures; Fonterra welcomes move
Thursday, 4 June 2009, 6:47 pm | Businesswire
June 4 - NZX Ltd., manager of New Zealand’s stock exchange, will tap the dairy sector for its opinions on its plans to launch a whole milk powder futures contract in coming weeks, which it says will “complement” Fonterra’s online auction ... More >>
MARKET CLOSE: NZ shares slide, led by FPA, PPL
Thursday, 4 June 2009, 6:30 pm | Businesswire
June 4 – New Zealand shares snapped a three-day rally after the nation’s biggest trading partner, Australia, unexpectedly posted a trade deficit, stoking concern its economy is weaker than this week’s GDP figures suggest. Stock markets across ... More >>
Equities Focus: NZX defies recession, leads gains
Thursday, 4 June 2009, 4:36 pm | Businesswire
June 4 – NZX Ltd. stock soared 59% this year as the exchange manager acquired assets and reaped fees on capital raisings, leading a handful of companies that are rallying even as the recession grinds into its second year. More >>
Auckland housing market demand picks up: Barfoot
Thursday, 4 June 2009, 11:38 am | Businesswire
June 4 – Housing demand in Auckland continued to revive last month, with real estate firm Barfoot & Thompson reporting its best month of trading in two years. More >>
Tenon’s Eglinton resigns after 4 years as CEO
Thursday, 4 June 2009, 10:55 am | Businesswire
June 4 – Tenon Ltd., whose wood mouldings are sold through U.S. home improvement chains Lowe’s Cos. and Home Depot Inc., said chief executive Mark More >>
NZ dollar slides as Asian nations lift greenback
Thursday, 4 June 2009, 10:04 am | Businesswire
June 4 – The New Zealand dollar tumbled after central banks of Asia’s wealthiest nations said they would continue to buy Treasuries, reviving support for the greenback which has slumped in the past month amid fears the U.S. risks a downgrade to its ... More >>
Stocks to watch: Fletcher insulation, NZX, ING
Thursday, 4 June 2009, 9:54 am | Businesswire
June 4 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. Themes of the day: The New Zealand dollar tumbled as much as 3% as weaker U.S. economic reports stoked demand fro the greenback as ... More >>
While you were sleeping: Bernanke warns on deficit
Thursday, 4 June 2009, 8:26 am | Businesswire
June 4 – Stocks on Wall Street snapped a four-day rally after figures showed companies cut more jobs than expected last month while a measure of home loan applications tumbled and the service sector stayed on contraction. More >>
Whitehead moots capital gains tax
Wednesday, 3 June 2009, 6:39 pm | Businesswire
June 3 - Tax reform should be an urgent government policy priority, and include consideration of a tax on capital gains from investment property and a higher rate of GST or other consumption taxes, says the country's top economic adviser, Treasury Secretary John ... More >>
Waters back at helm of Fletcher Building in 2010
Wednesday, 3 June 2009, 6:31 pm | Businesswire
June 3 – Ralph Waters will return to a leadership role at Fletcher Building in 2010, with the board tapping the former chief executive to replace chairman Roderick Deane when he retires in March. More >>
MARKET CLOSE: NZ shares rise on Australian GDP
Wednesday, 3 June 2009, 5:57 pm | Businesswire
June 3 – New Zealand shares rose after figures showed stronger-than-expected economic growth in the nation’s biggest export market, Australia, helping boost companies such as Pumpkin Patch that get a large portion of revenue across the Tasman. More >>
