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Businesswire - Latest News [Page 229]
NZ commodity prices fall as kiwi remains high: CBA
Friday, 15 May 2009, 12:20 pm | Businesswire
May 15 – New Zealand commodity prices fell this week as the kiwi currency remained persistently high, according to a Commonwealth Bank of Australia survey. More >>
NZ retail sales have record first-quarter drop
Friday, 15 May 2009, 12:14 pm | Businesswire
May 15 – New Zealand retail sales dropped by a record 2.9% in the first quarter, led by auto-related outlets and home appliances, underlining the reluctance of consumers to spend in a shrinking economy as job losses mount. More >>
KIP, Kermadec post net losses as values fall
Friday, 15 May 2009, 10:24 am | Businesswire
May 15 – Kiwi Income Property Group posted a full-year loss after recognizing a decline in the value of its portfolio, joining property investors such as Goodman Property Trust and Kermadec Property Fund in reporting a deteriorating bottom line ... More >>
NZ dollar gains with Wall St; retail sales loom
Friday, 15 May 2009, 9:54 am | Businesswire
May 15 – The New Zealand dollar gained as stocks on Wall Street halted a three-day decline, stoking investor appetite for high-yielding, or riskier assets. The kiwi’s gain may be capped today, with retail sales figures expected to show consumers are ... More >>
Stocks to watch: Goodman Property, Guinness Peat
Friday, 15 May 2009, 8:59 am | Businesswire
May 15– The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Automaker layoffs rise
Friday, 15 May 2009, 8:35 am | Businesswire
May 15 – Americans filing claims for jobless benefits rose last week amid plant closures by Chrysler, the automaker that filed for bankruptcy. More >>
NZ manufacturing perks up, keeps contracting: PMI
Thursday, 14 May 2009, 8:22 pm | Businesswire
May 14 - New Zealand manufacturing activity edged higher last month, while remaining in contraction for the 12th straight month. More >>
Goodman Property lifts payments, posts net loss
Thursday, 14 May 2009, 7:57 pm | Businesswire
May 14 - Goodman Property Trust lifted its annual distribution to shareholders after refinancing debt and selling assets. The trust posted a full-year net loss after taking account of a drop in the value of its portfolio. More >>
MARKET CLOSE: NZX 50 extends slide; FPA, MHI drop
Thursday, 14 May 2009, 6:21 pm | Businesswire
May 14 – New Zealand shares fell, sending the NZX 50 Index lower for the fourth straight day, after weak U.S. retail sales stoked concern that economic recovery is further away, driving down equities from New York to Tokyo. More >>
Fairfax debt rating cut to junk at S&P on ad sales
Thursday, 14 May 2009, 2:11 pm | Businesswire
May 14 – Fairfax Media Ltd., Australia’s second-largest publisher, had its debt rating cut to junk status by Standard & Poor’s, which cited ongoing deterioration in Fairfax's advertising earnings. Its shares tumbled 7%. More >>
Key sees NZ$65 mln payback from Oz tourism push
Thursday, 14 May 2009, 11:41 am | Businesswire
May 14 – Prime Minister John Key says the marketing campaign to lure more Australian tourists may result in a NZ$65 million payback from increased visitor numbers. More >>
Stocks to watch: Sky City, Air NZ fuel costs
Thursday, 14 May 2009, 9:47 am | Businesswire
May 14 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar tumbles as global sentiment sours
Thursday, 14 May 2009, 9:38 am | Businesswire
May 14 – The New Zealand dollar tumbled 1.7% against the greenback as global sentiment soured on weaker-than-expected retail sales in the U.S. and a dismal outlook for the Eurozone. Stocks on Wall Street sank. More >>
While you were sleeping: US retail sales drop
Thursday, 14 May 2009, 8:30 am | Businesswire
May 14 – U.S. retail sales unexpectedly fell last month, dampening optimism for an early economic recovery as the number of jobless Americans soars. Stocks on Wall Street fell and the dollar gained. More >>
MARKET CLOSE: NZ shares mixed; NZOG up with crude
Wednesday, 13 May 2009, 6:26 pm | Businesswire
May 13 – New Zealand shares were mixed, with gainers equaling decliners. Exporters such as Sanford Ltd. fell as the kiwi dollar held near a six-month high, while New Zealand Oil & Gas advanced with the price of crude oil. More >>
Pac Brands soars after capital raising, upgrades
Wednesday, 13 May 2009, 4:52 pm | Businesswire
May 13 – Pacific Brands Ltd. shares soared 18% after the maker of Bonds and Holeproof underwear raised A$165 million in a placement, allowing it to repay debt and bolster its balance sheet. More >>
CBA cuts div as provisions rise; ASB lifts lending
Wednesday, 13 May 2009, 2:17 pm | Businesswire
May 13 - Commonwealth Bank of Australia, that nation’s No. 2 lender, plans to cut its final dividend by 25% after the value of impaired assets rose to A$3.4 billion in the third quarter from A$2.8 billion three months earlier. More >>
Greenback falls on credit rating fears; Kiwi gains
Wednesday, 13 May 2009, 1:22 pm | Businesswire
May 13 – The U.S. dollar fell after a New York-based think-tank flagged the prospect of the world’s largest economy losing its top credit rating, raising concern such a move could undermine the world’s reserve currency. More >>
U.S. credit rating at risk as deficit soars: FT
Wednesday, 13 May 2009, 12:11 pm | Businesswire
May 13 – America is at risk of losing its AAA credit rating for the first time since 1917, the Financial Times reported, citing the New York-based Peter G. Peterson Foundation. More >>
RBNZ defends OCR, disappointed with bank response
Wednesday, 13 May 2009, 10:43 am | Businesswire
May 13 – The Reserve Bank of New Zealand defended the potency of the official cash rate and indicated its disappointment with the retail banks’ failure to pass on lower interest rates by reducing mortgage rates. More >>
