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Businesswire - Latest News [Page 224]

NZ building approvals climb 11% in April

Friday, 29 May 2009, 3:10 pm | Businesswire

May 29 - New Zealand home building approvals rose 11% last month, suggesting lower borrowing costs are beginning to breathe life back into the property market after demand tumbled last year. More >>

Tower lifts profit 32% on discount rate, general

Friday, 29 May 2009, 12:35 pm | Businesswire

May 29 – Tower Ltd., the insurer and investment manager part-owned by Guinness Peat Group, lifted half-year profit by 32% on better earnings from its general insurance arm and an accounting gain on the valuation of life risk policy liabilities. The ... More >>

NZ dollar holds above 62 US cents after S&P review

Friday, 29 May 2009, 10:11 am | Businesswire

May 29 – The New Zealand dollar held above 62 U.S. cents after Standard & Poor’s eased concerns about the state of the country’s economy by lifting its outlook for the country’s credit rating. More >>

Stocks to watch: Fletcher Building, Telecom profit

Friday, 29 May 2009, 9:43 am | Businesswire

May 29 – 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 Treasury yields ease

Friday, 29 May 2009, 8:28 am | Businesswire

May 29 – Shares on Wall Street climbed as Treasury bond yields eased, soothing concern the U.S. faces higher borrowing costs, while oil producers climbed with the price of crude. More >>

MARKET CLOSE: NZX 50 falls; RAK, Mainfreight down

Thursday, 28 May 2009, 6:32 pm | Businesswire

May 28 – New Zealand shares fell for the fifth day in six, led by companies that flagged weaker than expected earnings, such as Rakon Ltd. and Mainfreight Ltd. Telecom Corp. declined after forecasting a drop in profit for 2010. More >>

Budget a success: S&P revises outlook to 'stable'

Thursday, 28 May 2009, 5:39 pm | Businesswire

May 28 – The Budget gained immediate endorsement from the credit ratings agency Standard & Poor’s, which affirmed New Zealand's AA+ foreign currency rating barely two hours after Finance Minister Bill English delivered his Budget. More >>

S&P Confirms AA+ Rating - Outlook Stable

Thursday, 28 May 2009, 4:30 pm | Businesswire

May 28 – Finance Minister Bill English's first Budget has received a vital, early thumbs-up. Barely two hours after its delivery in Parliament, credit rating agency Standard & Poor’s announced it will keep New Zealand on AA+, with an upgrade ... More >>

Productivity, vision take back seat to debt

Thursday, 28 May 2009, 2:58 pm | Businesswire

May 28 - I think I need some new pills. Last year's Budget from Labour's Michael Cullen was all about tax cuts. It looked like the Budget Bill English would like to have delivered. More >>

Primary Growth Partnership replaces Fast Forward

Thursday, 28 May 2009, 2:37 pm | Businesswire

May 28 – The government earmarked NZ$321 million for research and development, including NZ$190 million over the next four years to replace the previous administration’s NZ$700 million Fast Forward Fund. More >>

NZ Govt bond sales to soar 55% as deficits balloon

Thursday, 28 May 2009, 2:33 pm | Businesswire

May 28 – New Zealand will increase its bond sales by 55% this year as the shrinking economy erodes tax revenue, forcing the government to fund its operations via debt. More >>

NZ ends tax cuts, pension contribution; debt soars

Thursday, 28 May 2009, 2:27 pm | Businesswire

May 28 – New Zealand’s government scrapped tax cuts scheduled for the next two years, suspended contributions to the Super Fund and capped new spending to curb a projected surge in public debt as the recession stretches through a second year. More >>

NZ dollar falls as Wall St slips, budget looms

Thursday, 28 May 2009, 10:02 am | Businesswire

May 28 – The New Zealand dollar fell below 62 U.S. cents as concerns about a flood of new U.S. Treasuries driving up U.S. interest rates, weighed on Wall Street and sapped demand for high-yielding, or riskier, assets. More >>

Mainfreight FY profit little changed before items

Thursday, 28 May 2009, 9:58 am | Businesswire

May 28 – Mainfreight Ltd. posted a full-year profit little changed from a year earlier and kept its dividend unchanged, saying the result was “a significant achievement in a tough economic climate. More >>

Stocks to watch: Mainfreight profit, FPA, Sanford

Thursday, 28 May 2009, 9:39 am | Businesswire

May 28 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>

While you were sleeping: Monsanto forecast dims

Thursday, 28 May 2009, 8:29 am | Businesswire

May 28 – Monsanto Co., the world’s biggest producer of seeds, said its full-year profit will be at the low end of its forecast range because of rivalry for sales of herbicides. More >>

Sanford 1H profit falls 26%, company sees recovery

Wednesday, 27 May 2009, 6:25 pm | Businesswire

May 27 – Sanford Ltd., the fish exporter, posted a 26% slide in first-half profit as seafood prices declined amid grim international economic conditions. The company said it is optimistic a recovery is underway, meaning it won’t have to downsize ... More >>