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Businesswire - Latest News [Page 228]
Nuplex reiterates full-year earnings forecast
Tuesday, 19 May 2009, 2:25 pm | Businesswire
May 19 – Nuplex Industries, the worst performing company on the NZX 50 Index this year, reiterated its annual earnings forecast and said it sees signs of recovery in some markets. More >>
Inter-island cable shut down again, prices jump
Tuesday, 19 May 2009, 2:19 pm | Businesswire
May 19 – Power supply from South Island generators to the North Island has been cut after Transpower removed Pole 2 to effect repairs after a fault was found in the Wellington region. Spot power prices jumped. More >>
Marac extends foray into motor vehicle finance
Tuesday, 19 May 2009, 12:03 pm | Businesswire
May 19 –Marac Financial Services Ltd., the finance arm of Pyne Gould Corp., extended its foray into motor vehicle finance, entering an assurance scheme with Hyundai Motors, as it builds on the void left by GE Capital and GMAC’s exit from the New Zealand ... More >>
NZ dollar gains; risk appetite returns on Wall St
Tuesday, 19 May 2009, 9:41 am | Businesswire
May 19 – The New Zealand dollar gained as a drop in interbank lending costs, better-than-expected results from U.S. retailer Lowe’s Cos. and a clear-cut outcome to India’s elections spurred a rebound in U.S. equities and stoked investors’ appetite for higher-yielding, ... More >>
Stocks to watch: Infratil, NZOG, Pike River
Tuesday, 19 May 2009, 9:24 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: Wall St up as Lowe gains
Tuesday, 19 May 2009, 8:33 am | Businesswire
May 19 – Shares on Wall Street rebounded after DIY retailer Lowe’s Cos. posted a smaller-than-expected decline in first-quarter profit and raised its full-year forecast and Bank of America led financials higher as analysts raised their ratings. More >>
MARKET CLOSE: NZ stocks slip; Infratil, NZOG fall
Monday, 18 May 2009, 9:05 pm | Businesswire
MARKET CLOSE: NZ stocks slip; Infratil, NZOG, Pumpkin Patch fall May 18 – New Zealand shares fell, with the NZX 50 Index dropping for the fifth day in six, joining a sell-off across Asia amid concern the global economy will take longer to revive, ... More >>
NZ service industry stumbles, tourism at risk: PSI
Monday, 18 May 2009, 2:51 pm | Businesswire
May 18 – New Zealand’s service industry stumbled in April as domestic household spending shrank, and a reduction in international visitors weighed on the local economy. More >>
Infratil sees gain in operating earnings this year
Monday, 18 May 2009, 2:22 pm | Businesswire
May 18 – Infratil Ltd., whose investments include a controlling stake in Trustpower, bus services in Auckland and Wellington, and Wellington’s airport, forecast a 12% gain in operating earnings on lower interest costs and reduced investment spending. More >>
Rabobank plans NZ$419M Uridashi, supporting kiwi
Monday, 18 May 2009, 1:11 pm | Businesswire
May 18 – Rabobank Group plans to issue an NZ$419 million uridashi bond early next month, the largest such sale this year, helping underpin a kiwi dollar dragged down by waning optimism about the global economy’s revival prospects. More >>
NZ Dollar Outlook: May fall as global outlook dims
Monday, 18 May 2009, 11:33 am | Businesswire
May 18 – The New Zealand dollar may fall this week as optimism wanes for a speedy recovery in the global economy and investors return to safe-haven currencies such as the greenback and yen. More >>
Stocks to watch: NZ Oil & Gas, Telecom, Sky TV
Monday, 18 May 2009, 9:53 am | Businesswire
May 18– The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar falls; Europe GDP shrinks, Wall St dips
Monday, 18 May 2009, 9:19 am | Businesswire
May 18 – The New Zealand dollar fell as European economies contracted at a faster-than-expected rate, renewing concerns about the state of the global economy, and encouraging investors to eschew high-yielding, or riskier, assets. More >>
While you were sleeping: Wall St drops; bank CEOs
Monday, 18 May 2009, 7:38 am | Businesswire
May 18 – Stocks fell on Wall Street on Friday as the price oil dropped and a top U.S. regulator said some bank chiefs may lose their jobs as a result of government scrutiny. More >>
Kiwi below 80 Australian cents ‘makes sense:’ Key
Friday, 15 May 2009, 6:39 pm | Businesswire
May 15 – The New Zealand dollar’s decline to below 80 Australian cents ‘makes sense,’ given the relative size of the two economies and the fact that Australia isn’t technically in recession yet, Prime Minister John Key said. More >>
MARKET CLOSE: NZX 50 ends 4-day losing streak; GPG
Friday, 15 May 2009, 5:54 pm | Businesswire
May 15 – New Zealand’s NZX 50 Index snapped a four-day losing streak after Guinness Peat Group gave a market update showing it’s surviving in a tough market and property investors such as Kiwi Income Property Trust indicated they don’t need to tap investors ... More >>
TrustPower lifts profit as spot prices soar
Friday, 15 May 2009, 5:12 pm | Businesswire
By Paul McBeth May 15 – TrustPower, the utility controlled by Infratil, lifted annual profit by 7.1% on increased electricity revenue after it reduced hedging while spot prices soared last year. More >>
NZ's growing debt is a NZ$600M problem: Whitehead
Friday, 15 May 2009, 2:52 pm | Businesswire
May 15 – Burgeoning debt is a major problem for New Zealand and could cost the country as much as NZ$600 million, said Treasury Secretary John Whitehead. More >>
Nufarm to raise about A$300M; Rathbone sells stock
Friday, 15 May 2009, 2:29 pm | Businesswire
May 15 - Nufarm Ltd., the farm chemicals company whose products include Roundup weed killer, plans to raise about A$300 million selling shares to institutions at a discount to repay debt. More >>
SMELLIE SNIFFS THE BREEZE: True Colours
Friday, 15 May 2009, 1:22 pm | Businesswire
May 15 - Here's a radical thought for saving 22,000 jobs. I didn't think of it myself, the NZIER snuck it into their latest report on just what a tough Budget this is for John Key and Bill English. More >>
