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Businesswire - Latest News [Page 227]
NZX prepares for commodity trading in rural drive
Thursday, 21 May 2009, 5:35 pm | Businesswire
May 21 – NZX Ltd., manager of New Zealand’s stock exchange, plans to move into commodity trading in the next 12 months, extending a drive into agriculture that has seen it snap up rural data and media companies. More >>
No Power Price Rises for Five Months - Brownlee
Thursday, 21 May 2009, 3:46 pm | Businesswire
Energy Minister Gerry Brownlee announced yesterday that he expected all power companies - both state and privately owned - to hold their prices until an initial review of the electricity market had been completed, in September. More >>
Fairfax to buy back notes after ‘junk’ downgrade
Thursday, 21 May 2009, 3:21 pm | Businesswire
May 21 – A Fairfax Media Ltd. subsidiary is considering a buy back of its A$200 fixed-rate notes due June 27, 2011. The media company was downgraded to a junk rating by Standard & Poor’s last week. More >>
NZ migrant inflow picks up, aiding economy
Thursday, 21 May 2009, 1:39 pm | Businesswire
May 21 – New Zealand migrant inflows rose to a five-year high last month, stoking optimism that new arrivals will help stoke the nation’s weak economy. More >>
Ryman profit falls 8.9% as costs rise; shares gain
Thursday, 21 May 2009, 1:02 pm | Businesswire
May 21 – Ryman Healthcare Ltd., the retirement village operator, posted an 8.9% drop in full-year profit as costs rose 20%. The shares gained 1.2%. More >>
Auckland Airport retail outlook dims, shares drop
Thursday, 21 May 2009, 11:45 am | Businesswire
May 21 – Auckland International Airport Ltd.’s retail outlook is gloomier after it was forced to open up its terminals to a dual duty free operation, while international visitor numbers dwindled with the global economic slump. The share price dropped ... More >>
NZ generators gouged customers, didn't breach rule
Thursday, 21 May 2009, 11:27 am | Businesswire
May 21 – New Zealand’s biggest electricity generators creamed an extra NZ$4.3 billion from customers between 2001 and mid-2007 than they would have been able to if the nation had a truly competitive wholesale market, the antitrust regulator has ... More >>
NZ dollar gains as Fed minutes weigh on greenback
Thursday, 21 May 2009, 10:51 am | Businesswire
May 21 – The New Zealand dollar rose, holding above 60 U.S. cents for a second day, with the greenback declining against most currencies after minutes of the Federal Reserve’s last policy meeting showed it considered printing more money. More >>
Stocks to watch: Auckland Airport, NZOG, Warehouse
Thursday, 21 May 2009, 9:40 am | Businesswire
May 21 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Fed minutes; VIX slips
Thursday, 21 May 2009, 8:26 am | Businesswire
May 21 – The Federal Open Market Committee considered increasing purchases of Treasury bonds to revive the U.S. economy though policy makers opted to hold off to gauge the impact of existing stimulus efforts, minutes of the Fed’s last policy meeting ... More >>
MARKET CLOSE: NZ shares rise; NZOG, NZS gain
Wednesday, 20 May 2009, 6:44 pm | Businesswire
May 20 – New Zealand shares rose for a second day, with New Zealand Oil & Gas climbing as the price of crude oil topped US$60 a barrel and Lion Nathan gaining after the brewer lifted its full-year forecast. More >>
Oz consumer confidence dips on gloomier outlook
Wednesday, 20 May 2009, 3:05 pm | Businesswire
May 20 – Australian consumer confidence dipped this month as people grew gloomier about their personal finances and the longer term outlook for the economy. More >>
Lion Nathan lifts FY forecast as beer sales rise
Wednesday, 20 May 2009, 2:43 pm | Businesswire
May 20 – Lion Nathan Ltd., the Australasian brewer facing a takeover by major shareholder Kirin Holdings, lifted its full-year earnings guidance after stronger beer sales lifted first-half profit by 6.9%. More >>
NZ milk production may rise 8.3%, US report says
Wednesday, 20 May 2009, 1:15 pm | Businesswire
May 20 – New Zealand’s milk production may increase 8.3% to 16.4 million tons this year, reflecting a record-sized national dairy herd and more favourable weather that encouraged pasture growth. More >>
NZ fund managers need more disclosure: Morningstar
Wednesday, 20 May 2009, 12:21 pm | Businesswire
May 20 – New Zealand fund managers, awarded the lowest possible rating in a global survey by Morningstar, need to increase disclosure of portfolio holdings, the investment researcher said. More >>
NZ dollar holds above 60 US cents, weak US housing
Wednesday, 20 May 2009, 9:56 am | Businesswire
May 20 – The New Zealand dollar held above 60 U.S. cents as investors eschewed the greenback in favour of high-yielding, riskier assets, amid concerns the U.S. property market may hinder the recovery of the world’s biggest economy. More >>
Stocks to watch: Pike River, NZX, Smiths City
Wednesday, 20 May 2009, 9:54 am | Businesswire
May 19– 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 housing starts slide
Wednesday, 20 May 2009, 8:33 am | Businesswire
May 20 – U.S. housing starts sank to a record low last month, led by a slide in apartments and condominiums, suggesting the property market will continue to hamper recovery in the world’s biggest economy. More >>
MARKET CLOSE: NZX 50 edges higher; Pike, ANZ gain
Tuesday, 19 May 2009, 6:43 pm | Businesswire
May 19 – New Zealand shares rose, with the NZX 50 Index recording it second gain in seven sessions. Pike River Coal led gainers after completing temporary repairs to ventilation in its mine. Australia & New Zealand Banking Group joined a global ... More >>
ING Property posts NZ$63M loss, focuses on debt
Tuesday, 19 May 2009, 4:53 pm | Businesswire
May 19 – ING Property Trust posted a full-year loss as it joined a growing list of property investors being forced to recognize a reduction in the value of their portfolios. More >>
