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Businesswire - Latest News [Page 223]
Australia’s economy expands, defying global slump
Wednesday, 3 June 2009, 4:36 pm | Businesswire
June 3 – Australia’s economy rose more than expected in the first quarter, defying a global recession, on robust agricultural exports, fiscal and monetary stimulus. The Australian dollar jumped to an eight-month high. More >>
Restaurant Brands sales rise 4.3%; Pizza Hut gains
Wednesday, 3 June 2009, 10:57 am | Businesswire
June 3 - Restaurant Brands NZ Ltd., which operates the KFC, Pizza Hut and Starbucks Coffee franchises in New Zealand, posted a 4.3% gain in quarterly sales as pizza sales growth returned for the first time in four years. More >>
Shaky greenback stokes kiwi
Wednesday, 3 June 2009, 10:49 am | Businesswire
June 3 – The New Zealand dollar soared to a near eight-month high as demand for the greenback slumped on the prospect that a new supranational currency will be discussed by the largest emerging economies when they meet later this month. More >>
Worth quits as NZ minister, cites private matters
Wednesday, 3 June 2009, 10:01 am | Businesswire
June 3 – Richard Worth, who was reprimanded for his role in a private business trip to India earlier this year, has resigned as Minister of Internal Affairs, citing “private matters.” More >>
Stocks to watch: Tower, FPA, dairy sector
Wednesday, 3 June 2009, 9:42 am | Businesswire
June 3 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Milk powder prices extend drop in Fonterra auction
Wednesday, 3 June 2009, 9:31 am | Businesswire
June 3 – The price of milk powder slumped 12% in Fonterra Cooperative Group’s latest online auction, stoking concern protectionist moves by Europe and the U.S. will undermine any recovery in dairy prices. The average price of milk powder sank ... More >>
While you were sleeping: US dollar weakens
Wednesday, 3 June 2009, 8:27 am | Businesswire
June 3 – The U.S. dollar weakened against the euro amid suggestions the greenback’s role as the world’s reserve currency will dwindle as borrowing by the world’s biggest economy soars. More >>
NZ recovery not far off, unemployment to linger
Wednesday, 3 June 2009, 6:54 am | Businesswire
June 3 – New Zealand’s economy will probably start to recover later this year, though the effects of the first recession in a decade, including high unemployment, will linger longer. The New Zealand Institute of Economic Research has trimmed its ... More >>
St Laurence Property posts loss, exits financing
Tuesday, 2 June 2009, 10:41 pm | Businesswire
June 2 – St Laurence Property & Finance Ltd. posted a full-year loss after a drop in the value of its property portfolio and loan provisioning. The investment group is increasing asset sales and will exit property financing after a strategic ... More >>
MARKET CLOSE: NZ shares rise; Tower, Fletcher gain
Tuesday, 2 June 2009, 6:14 pm | Businesswire
June 2 – New Zealand shares rose in one of the busiest trading days this year, with Tower Ltd. extending is gains after an upbeat earnings report and Fletcher Building advancing after better-than-expected building approvals in Australia. More >>
NZ Dollar Outlook: NZ$ to gain with risk appetite
Tuesday, 2 June 2009, 12:33 pm | Businesswire
June 2 – The New Zealand dollar may gain this week as investors continue to exit their holdings in the greenback as risk appetite returns and concerns linger over America’s ability to fund record budget deficits. More >>
Nuplex plans 1-for-4 share consolidation
Tuesday, 2 June 2009, 11:21 am | Businesswire
June 2 - Nuplex Industries, whose stock has more-than doubled since reaching a record low in March, plans a one-for-four consolidation to pare back a register bloated by its capital raising in April. More >>
NZX trading volume up in May, value of trade falls
Tuesday, 2 June 2009, 10:44 am | Businesswire
June 2 – Trading volumes on NZX Ltd.’s equity and debt markets picked up in May, a sign that interest may be returning as companies improve their balance sheets amid signs the global economic slump may be past its worst. More >>
NZ dollar holds near 7-month high on risk appetite
Tuesday, 2 June 2009, 9:58 am | Businesswire
June 2 – The New Zealand dollar held near a seven-month high as investors eschewed the greenback in favour of higher-yielding, or riskier assets amid concerns over the ability of the U.S. to fund its record budget deficit. More >>
Stocks to watch: Auckland Airport, Mainfreight
Tuesday, 2 June 2009, 9:31 am | Businesswire
June 2 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: GM files for bankruptcy
Tuesday, 2 June 2009, 8:22 am | Businesswire
June 2 – General Motors filed for bankruptcy protection, as expected, under a proposal that will see the U.S. government convert US$50 billion of debt into a 60% stake in a slimmed down automaker that will shed unprofitable brands including Hummer. More >>
SMELLIE SNIFFS THE BREEZE - Haier purchase rules
Friday, 29 May 2009, 10:31 pm | Businesswire
So you thought the most important thing this week in the economy was the Budget. I beg to differ. More >>
MARKET CLOSE: NZX 50 rises; Pike River, Tower up
Friday, 29 May 2009, 10:01 pm | Businesswire
May 29 – New Zealand shares had their biggest advance in more than two weeks after Tower Ltd. lifted its first-half profit, Fisher & Paykel Appliances climbed to the highest since Feb. 10 and Pike River Coal surged. More >>
Auckland Airport rating cut to A- by S&P
Friday, 29 May 2009, 6:47 pm | Businesswire
May 29 – Auckland International Airport Ltd., the country’s largest gateway, had its credit rating cut by Standard & Poor’s, which cited a tough aviation market in the midst of the global economic slump. More >>
Air NZ extends capacity cuts as demand dwindles
Friday, 29 May 2009, 3:37 pm | Businesswire
May 29 – Air New Zealand, the national carrier, will cut capacity by 3% next year, eliminate some 80 jobs cabin and airport handling jobs, and lobby the government to increase marketing on tourism as demand dwindles. More >>
