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Businesswire - Latest News [Page 232]
MARKET CLOSE: NZX 50 scales 6-mth high; Telecom up
Wednesday, 6 May 2009, 8:14 pm | Businesswire
May 6 – New Zealand shares rose for a third day, pushing the NZX 50 Index to a six-month high. Telecom gained to the highest level since early October as the phone company fought an injunction from rival Vodafone that could delay the launch of its ... More >>
Australia’s trade surplus, retail sales gain
Wednesday, 6 May 2009, 6:12 pm | Businesswire
May 6 – Australia’s trade surplus widened for the third month in March, while retail sales jumped, stoking optimism the economy, which has skirted the worst of the global downturn, will climb out of recession. More >>
NZ posts wider budget deficit as tax take slides
Wednesday, 6 May 2009, 4:47 pm | Businesswire
May 6 – New Zealand reported a wider-than-forecast cash budget deficit as the prolonged recession eroded the government’s revenue from taxes. More >>
Westpac first-half profit drops 6% on bad debts
Wednesday, 6 May 2009, 4:37 pm | Businesswire
May 6 – Westpac Banking Corp., Australia’s biggest bank by market value, posted a 6% decline in cash earnings after impairment charges for bad debts surged. More >>
Tourism Holdings cuts 64 Ci Munro staff
Wednesday, 6 May 2009, 2:38 pm | Businesswire
May 6 – Tourism Holdings Ltd., owner of Ci Munro campervans, has laid off 64 staff at its Hamilton manufacturing business as demand for motorhomes dwindles. Its stock fell. The campervan operator has cut the size of the business based on its forecast ... More >>
Metlifecare CEO follows chairman out the door
Wednesday, 6 May 2009, 12:36 pm | Businesswire
May 6 – Richard de Haast, chief executive of rest home operator Metlifecare Ltd., announced his resignation today after former chairman Jim McLay vacated his position earlier this week. More >>
NZ dollar up on optimism global slump is abating
Wednesday, 6 May 2009, 11:01 am | Businesswire
May 6 – The New Zealand dollar rose against most major currencies amid signs the global economic slump may be abating, giving investors more appetite for higher-yielding currencies of commodity producing nations. More >>
Stocks to watch: Fletcher’s ascent, Mainfreight
Wednesday, 6 May 2009, 10:02 am | Businesswire
May 6 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Bernanke more upbeat
Wednesday, 6 May 2009, 9:22 am | Businesswire
May 6 – Federal Reserve Chairman Ben Bernanke said the U.S. housing slump may be near its bottom, stoking optimism the recession in the world’s largest economy will end this year. More >>
RBA keeps key rate at 3% amid signs of pick-up
Tuesday, 5 May 2009, 8:28 pm | Businesswire
May 5 – The Reserve Bank of Australia kept its benchmark interest rate unchanged at a 49-year low, saying monetary and fiscal policy is stimulatory and there are signs of stabilization in some overseas economies. More >>
NZ commodity prices advance on aluminium, lamb
Tuesday, 5 May 2009, 6:46 pm | Businesswire
May 5 --- New Zealand commodity prices posted their strongest monthly gains in almost two years, led by increases for aluminium and lamb. More >>
MARKET CLOSE: NZX 50 extends gains on global rally
Tuesday, 5 May 2009, 6:27 pm | Businesswire
May 5 – New Zealand stocks extended their rally for the sixth day in seven as economic reports from Washington to Beijing stoked optimism the global slump is abating. Rakon, which makes components for global positioning systems, soared 14% to NZ$1.50. More >>
Auckland house prices rise 2.2% in April: Barfoot
Tuesday, 5 May 2009, 4:22 pm | Businesswire
May 5 – Auckland property prices rose in April, the third straight month which has shown signs of more life, according to to Barfoot & Thompson. More >>
NZX upbeat on capital raising; trading stays slow
Tuesday, 5 May 2009, 12:22 pm | Businesswire
May 5 – NZX Ltd., which operates New Zealand’s bourse, is upbeat about the amount of capital raised this year, which has boosted revenue in the face of weak trading and a dwindling market. More >>
NZ Treasury more upbeat on current-account gap
Tuesday, 5 May 2009, 11:47 am | Businesswire
May 5 – The Treasury has pared back its pessimistic forecast on the country’s current account deficit as weak domestic demand and a fall-off in the currency narrow the gap. More >>
NZ dollar gains as U.S. equities surge on housing
Tuesday, 5 May 2009, 10:18 am | Businesswire
May 5 – The New Zealand dollar gained as stocks on Wall Street surged on better-than-expected housing and construction data. The currency’s gains may be capped this week with data expected to show rising unemployment in New Zealand. More >>
Stocks to watch: Telecom stoush, Wrightson outlook
Tuesday, 5 May 2009, 9:57 am | Businesswire
May 5 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: S&P, US homes sales rise
Tuesday, 5 May 2009, 8:32 am | Businesswire
May 5 – The Standard & Poor’s 500 Index topped 900 for the first time in four months after as better-than-expected home sales and construction spending stoked optimism the economic slump is abating, helping U.S. stocks rally. More >>
MARKET CLOSE: NZ stocks rise; global confidence up
Monday, 4 May 2009, 6:34 pm | Businesswire
May 4 – New Zealand stocks rose, joining a rally in the Asia-Pacific region as signs of revival in economic growth in the U.S. and China lifted confidence in equity markets. More >>
Strategic struggles to refinance on property slump
Monday, 4 May 2009, 6:07 pm | Businesswire
May 4 – Strategic Finance Ltd., which gained approval for its moratorium from debenture and noteholders in December, has struggled to refinance outstanding debts as deterioration in the property sector makes it difficult for its borrowers to raise ... More >>
