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Businesswire - Latest News [Page 234]
While you were sleeping: Chrysler Chapter 11
Friday, 1 May 2009, 8:37 am | Businesswire
May 1 – Chrysler LLC filed for bankruptcy protection, opening the door to a reorganisation that will bring Italy’s Fiat on board as a partner and shed debt. More >>
MARKET CLOSE: NZ shares rise on low-rates outlook
Thursday, 30 April 2009, 8:42 pm | Businesswire
April 30 - New Zealand’s NZX 50 Index rounded out a 5.8% monthly gain, rising today after the central bank said it will keep its benchmark interest rate low through the second half of 2010 and shares rallied globally on more upbeat comments from ... More >>
Freightways lifts 9-month profit
Thursday, 30 April 2009, 5:39 pm | Businesswire
April 30 – Freightways Ltd., whose courier and freight delivery units include New Zealand Couriers, Kiwi Express and SUB60, posted a 4% gain in nine month profit, saying its ‘resilient’ business model buffers the company from recession. More >>
Former Helen Clark comms head Munro joins Treasury
Thursday, 30 April 2009, 12:54 pm | Businesswire
April 30 – Mike Munro, communications chief for Helen Clarke during much of her tenure as prime minister, has been appointed to the Treasury. More >>
NZ home-building approvals dip to 17-year low
Thursday, 30 April 2009, 12:42 pm | Businesswire
By Paul McBeth April 30 – New Zealand home-building approvals dipped in March to a 17-year low, and may have reached their nadir, amid signs the housing market has picked up its trough last year. More >>
National Bank, ASB, SBS, BNZ break fees cleared
Thursday, 30 April 2009, 12:29 pm | Businesswire
April 30 – The Commerce Commission has cleared home loan break fees charged by National Bank, ASB, SBS Bank and Bank of New Zealand, saying they’re likely to comply with consumer finance law. More >>
NZOG Targets Romania
Thursday, 30 April 2009, 11:55 am | Businesswire
April 30 - New Zealand Oil and Gas is dipping its toe in the potential for oil and gas discoveries in Romania. More >>
Cook Strait Cable Fixed
Thursday, 30 April 2009, 11:20 am | Businesswire
April 30 - Transpower engineers have fixed the break in the national grid connection which had cut the national power market in two since Monday evening. More >>
Fletcher adds NZ$20M to capital raising via top-up
Thursday, 30 April 2009, 11:09 am | Businesswire
April 30 – Fletcher Building Ltd., New Zealand’s biggest construction company, added NZ$20 million to its capital raising plan by varying the terms of a top-up facility in anticipation of strong demand as its shares rally. More >>
Quantitative easing not right for NZ, Bollard says
Thursday, 30 April 2009, 10:37 am | Businesswire
April 30 – Reserve Bank Governor Alan Bollard has ruled out printing money to lift the New Zealand economy out of its first recession in a decade. More >>
RBNZ cuts OCR to 2.5%; rates to stay low
Thursday, 30 April 2009, 9:17 am | Businesswire
April 30 – Reserve Bank of New Zealand Governor Alan Bollard cut the official cash rate 50 basis points to 2.5%, saying interest rates would stay low until late-2010 as the New Zealand economy “remains weak.” Domestically, “business sentiment ... More >>
While you were sleeping: Fed keeps rates low
Thursday, 30 April 2009, 8:43 am | Businesswire
April 30 – The Federal Reserve held its benchmark overnight interest rate in a range of zero to 0.25% and said there are signs that the U.S. downturn is abating. The Fed plans to keep rates low for an extended period of time. More >>
Stocks to Watch: NZX buys more assets, THL revives
Thursday, 30 April 2009, 7:37 am | Businesswire
April 30 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZX extends buying spree with NZ$13M M-co purchase
Wednesday, 29 April 2009, 10:13 pm | Businesswire
April 29 – NZX Ltd., which started life as the manager of the New Zealand stock exchange when its brokerage owners took it public, has extended its drive to diversify, agreeing to acquire the energy and related assets of Marketplace Co. for NZ$13.1 ... More >>
Fonterra to sell Australian ice cream businesses
Wednesday, 29 April 2009, 9:32 pm | Businesswire
April 29 – Fonterra Cooperative Group agreed to sell its Australian ice cream businesses to Nestle and Bulla Dairy Foods, resulting in 140 jobs being eliminated at the co-op’s Balcatta plant in Western Australian. More >>
MARKET CLOSE: NZ shares rise; Telecom, THL advance
Wednesday, 29 April 2009, 7:34 pm | Businesswire
April 29 – New Zealand shares rose in the heaviest trading day since August 19, amid signs of a revival in business confidence, stronger merchandise trade and expectations the central bank will cut its key interest rate to a record low tomorrow. More >>
NZ business confidence lifts as economy hits floor
Wednesday, 29 April 2009, 5:50 pm | Businesswire
April 29 - Business confidence lifted strongly between March and April, while remaining in deeply negative territory, according to the latest National Bank Business Outlook. More >>
ANZ Bank profit falls 28% on higher provisions
Wednesday, 29 April 2009, 12:11 pm | Businesswire
April 29 – Australia & New Zealand Banking Group, the owner of New Zealand’s largest lender, posted a 28% drop in first-half profit as provisions for bad loans soared 98%. More >>
NZ dollar pares loss ahead of business survey, OCR
Wednesday, 29 April 2009, 10:04 am | Businesswire
April 29 – The New Zealand dollar pared losses ahead of the release of a business survey today which may show signs the economy is beginning to recover and as investors prepare for the central bank’s review of interest rates tomorrow. More >>
While you were sleeping: US data shows thaw
Wednesday, 29 April 2009, 8:55 am | Businesswire
April 29 – U.S. consumer confidence climbed by the most in four years, adding to optimism the world’s biggest economy is close to its trough. More >>
