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Businesswire - Latest News [Page 226]
NZ Dollar Outlook: Kiwi may gain vs greenback
Monday, 25 May 2009, 12:47 pm | Businesswire
May 25 – The New Zealand dollar may gain versus the greenback this week ahead of the budget on Thursday as investors eschew the world’s reserve currency on fears about the state of the U.S. economy. More >>
OceanaGold CEO Steve Orr leaves
Monday, 25 May 2009, 12:08 pm | Businesswire
May 25 - OceanaGold Corp., owner of New Zealand’s largest gold mining operation at Macraes, said chief executive Steve Orr will leave at the end of June. More >>
Key downplays prospects for credit rating cut
Monday, 25 May 2009, 11:44 am | Businesswire
May 25 - Prime Minister John Key downplayed the prospects of a cut to New Zealand’s AA+ credit rating as Standard & Poor’s analysts prepare to run their ruler over this year’s budget. More >>
F&P Appliances stock halted for talks on capital
Monday, 25 May 2009, 9:56 am | Businesswire
May 25 - Fisher & Paykel Appliances, facing a deadline to repay or refinance a temporary banking facility, had its stock halted pending completion of capital management initiatives. More >>
NZ dollar pares gains as U.S. subsidies dairy
Monday, 25 May 2009, 9:33 am | Businesswire
May 25 – The New Zealand dollar pared its gains after the U.S. Agriculture Department announced it would reintroduce subsidies for American dairy exports in response to European protections. More >>
Stocks to watch: The Fisher & Paykels, NZ Farming
Monday, 25 May 2009, 9:29 am | Businesswire
May 25 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Wall St slides, BA loss
Monday, 25 May 2009, 8:22 am | Businesswire
May 25 – Shares on Wall Street extended their slide for a fourth day on Friday in New York as bank shares dipped, earth-moving equipment maker Caterpillar fell and General Motors tumbled. More >>
Ford, infrastructure man, to lead Auckland rebuild
Saturday, 23 May 2009, 1:20 am | Businesswire
May 22 – Mark Ford, who is head of transport policy and water services in Auckland, was named head of the team leading the transition to a single city. More >>
MARKET CLOSE: NZX 50 falls; Fletcher, FPH drop
Friday, 22 May 2009, 6:49 pm | Businesswire
May 22 – New Zealand shares fell for a second day, as global equity markets were rattled by speculation America’s AAA credit rating is under threat and the outlook for economic recovery has dimmed. Fletcher Building and Fisher & Paykel Healthcare ... More >>
Judd dumped by ARH as chair of Ports of Auckland
Friday, 22 May 2009, 6:06 pm | Businesswire
May 22 – Gary Judd quit as chairman of Ports of Auckland after three years in the role, saying he was ejected by the company’s owner, Auckland Regional Holdings. More >>
F&P Appliances may raise $150-200M as profit dips
Friday, 22 May 2009, 5:20 pm | Businesswire
May 22 – Fisher & Paykel Appliances, facing a deadline to repay or refinance a temporary banking facility, may announce plans to raise around NZ$150 million to NZ$200 million with its full-year results next week, according to Forsyth Barr. More >>
Downer EDI’s Works Finance may sell 3-yr NZ bonds
Friday, 22 May 2009, 4:57 pm | Businesswire
May 22 – Australian construction firm Downer EDI Ltd. said its Works Finance unit in New Zealand may sell 3-year bonds. More >>
Pyne Gould’s MARAC signs AA vehicle finance accord
Friday, 22 May 2009, 12:54 pm | Businesswire
May 22 - Pyne Gould Corp.’s MARAC Finance unit .entered a partnership with the New Zealand Automobile Association under which it will offer vehicle finance to the AA’s 1.2 million customers. More >>
SMELLIE SNIFFS THE BREEZE: Unloved Power
Friday, 22 May 2009, 12:31 pm | Businesswire
23 May - First, a disclosure. Between 2003 and 2006, I was chief propagandist for Contact Energy. More >>
Sky City lifts cap on share purchase plan, top-up
Friday, 22 May 2009, 11:18 am | Businesswire
May 22 – Sky City Entertainment Group, whose shares have an average rating of ‘outperform,’ amended the terms of its top-up offer of its share purchase plan, bringing the total that can be raised to NZ$43 million from NZ$35 million. More >>
TrustPower’s Tempest exits after 23 years at firm
Friday, 22 May 2009, 10:27 am | Businesswire
May 22 – TrustPower Ltd., the Infratil-controlled utility company, said chief executive Keith Tempest resigned, effective next Christmas, having presided over a 400% advance in the share price since taking the top job in 2001. More >>
Stocks to watch: TrustPower CEO, Auckland Airport
Friday, 22 May 2009, 10:01 am | Businesswire
May 22 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar gains as US$ eschewed, UK rating eyed
Friday, 22 May 2009, 9:44 am | Businesswire
May 22 – The New Zealand dollar gained as further signs of global economic weakness and the prospects of the U.S. credit rating being downgraded after the U.K.’s rating outlook was cut to negative eroded sentiment for the greenback. More >>
While you were sleeping: Wall St down, GM accord
Friday, 22 May 2009, 8:28 am | Businesswire
May 22 – Stocks on Wall Street fell for a third day amid as stronger-than-expected jobless claims dimmed optimism for an early recovery from recession. More >>
MARKET CLOSE: NZX 50 falls; Auckland Airport drops
Thursday, 21 May 2009, 6:27 pm | Businesswire
May 21 – New Zealand shares fell as doubts about a global recovery weighed on equity markets worldwide and Auckland International Airport trimmed its forecast for retail revenue as passenger numbers dwindle. More >>
