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Businesswire - Latest News [Page 233]
NZ to launch 12-year bond, ponders 15-year debt
Monday, 4 May 2009, 1:40 pm | Businesswire
May 4 – New Zealand will offer a 12-year bond at its auction this month, after feedback from investors, as the government weighs options for developing the domestic market to cover rising budget deficits. More >>
NZ dollar outlook: Kiwi may fall as jobless rise
Monday, 4 May 2009, 1:00 pm | Businesswire
May 4 – The New Zealand dollar may fall this week as government figures are likely to confirm that the recession has pushed the unemployment rate above 5% for the first time in six years, while in the U.S., the Treasury is set to release results of its ... More >>
NZ labour market weakens; fewer workers sought
Monday, 4 May 2009, 12:12 pm | Businesswire
May 4 – New Zealand’s labour market weakened in the first quarter as the prolonged recession prompted companies to trim workers, making jobs harder to come by. More >>
Jason’s full-year net falls 20% as revenue slips
Monday, 4 May 2009, 11:21 am | Businesswire
May 4 - Jasons Travel Media, the travel and accommodation guide publisher, said full-year profit fell about 20% as revenue dipped at some of its smaller titles. More >>
Lion, Kirin still in talks, accord seen in week
Monday, 4 May 2009, 10:20 am | Businesswire
May 4 – Kirin Holdings Co., Japan’s largest beverage company, is still in talks with Lion Nathan Ltd. over its acquisition of the remaining shares in the Australian brewer. More >>
NZ dollar gains as stocks, commodities advance
Monday, 4 May 2009, 10:06 am | Businesswire
By Paul McBeth May 4 – The New Zealand dollar gained as strength on Wall Street and higher prices for raw materials stoked investors’ appetite for higher-yielding, or riskier assets. More >>
Stocks to watch: Telecom 3G stoush, Contact talk
Monday, 4 May 2009, 9:17 am | Businesswire
May 4 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Oil gains, Wall St rises
Monday, 4 May 2009, 8:18 am | Businesswire
May 4 – Crude oil rose to a five-week high on Friday in New York after figures showing better-than-expected U.S. consumer confidence and manufacturing fanned optimism the recession may be abating in the world’s biggest economy. More >>
SMELLIE SNIFFS THE BREEZE: Are you scared yet?
Friday, 1 May 2009, 7:08 pm | Businesswire
By Pattrick Smellie May 1 - Up in the Press Gallery for Parliamentary Questions yesterday, someone was asking Finance Minister Bill English a patsy about the dreadful state of the Crown's accounts. More >>
Vodafone, Telecom may battle in court for 3G crown
Friday, 1 May 2009, 6:48 pm | Businesswire
May 1 – Vodafone Group and Telecom Corp. may end up battling in court over their competing 3G mobile networks after the British company complained of interference to its customers from its rival’s network tests. More >>
MARKET CLOSE: NZX 50 snaps rally; Telecom drops
Friday, 1 May 2009, 6:28 pm | Businesswire
May 1 – New Zealand’s benchmark NZX 50 Index snapped four days of gains, with Telecom Corp. dragging the index lower after rival Vodafone indicated a legal battle looms over their competing 3G networks. More >>
Deborah Battell named Banking Ombudsman
Friday, 1 May 2009, 5:41 pm | Businesswire
May 1 - Deborah Battell was named Banking Ombudsman, replacing Liz Brown, who is retiring after 14 years. More >>
Vector to raise NZ$150M selling 7.5% 5-year bonds
Friday, 1 May 2009, 4:47 pm | Businesswire
May 1 – Vector Ltd., New Zealand’s biggest gas and electricity distributor, plans to raise NZ$150 million selling bonds to bolster its finances. More >>
St Laurence sells building; portfolio value falls
Friday, 1 May 2009, 4:33 pm | Businesswire
May 1 - St Laurence Property & Finance sold Eagle Technology House in Wellington for NZ$23 million helping raise funds as it repays debenture stock. More >>
Macquarie Group net falls 58%; to raise capital
Friday, 1 May 2009, 4:16 pm | Businesswire
May 1 – Macquarie Group, Australia’s biggest investment bank, posted a 52% drop in full-year earnings after taking A$2.5 billion of writedowns. More >>
Austral Pacific in receivership as debt comes due
Friday, 1 May 2009, 12:04 pm | Businesswire
Austral Pacific in receivership after loan extension expires Austral Pacific Energy Ltd., the oil and gas company, agreed to a demand by its major creditor that a receiver be appointed, and trading in its shares has been suspended by the NZX. The Canadian ... More >>
Telecom backhaul services face regulation: comcom
Friday, 1 May 2009, 11:08 am | Businesswire
May 1 – Telecom Corp., the largest listed company in New Zealand, faces regulation over its backhaul services, after a Commerce Commission review found several routes to be uncompetitive. More >>
Briscoe sees first-half profit gain on cost cuts
Friday, 1 May 2009, 11:04 am | Businesswire
May 1 - Briscoe Group Ltd., which operates homeware, Rebel sports goods, Urban Loft and Living & Giving chains, forecast a gain in first-half profit as cost cuts help fatten its margins even as sales growth stalls. More >>
NZ dollar may fall as Wall Street slides
Friday, 1 May 2009, 10:08 am | Businesswire
May 1 – The New Zealand dollar may fall as U.S. stocks slid on the news Chrysler LLC, America’s third-largest automaker, filed for bankruptcy protection, while domestically, investors continued to digest the central bank’s cut to the official ... More >>
Stocks to Watch: Briscoe profit outlook, Fletcher
Friday, 1 May 2009, 9:57 am | Businesswire
May 1 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
