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Businesswire - Latest News [Page 237]
Stocks to Watch: Abano forecast; Cynotech outlook
Thursday, 23 April 2009, 9:55 am | Businesswire
The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: IMF forecast, UK deficit
Thursday, 23 April 2009, 8:56 am | Businesswire
April 23 – The global economy will probably shrink by 1.3% this year, the deepest slump since WWII and said government efforts to stem the slide may be inadequate, according to the International Monetary Fund. More >>
NZers are 6th-worst bill payers in Asia, says D&B
Wednesday, 22 April 2009, 1:42 pm | Businesswire
April 22 – New Zealand companies were the sixth-worst in the Asia-Pacific region at promptly paying their bills as tighter credit conditions force businesses to hold onto their funds as long as possible, a survey shows. New Zealand firms on average ... More >>
Sky City gets placement away at top end of range
Wednesday, 22 April 2009, 12:07 pm | Businesswire
April 21 – Sky City Entertainment, New Zealand’s biggest casino operator, raised NZ$185 million selling shares to institutions above the top end of its stated bookbuild range as investors welcomed its decision to tap the market pre-emptively. More >>
Australian, NZ dollars buoyed by Toshin talk
Wednesday, 22 April 2009, 12:05 pm | Businesswire
April 22 – The Australian and New Zealand dollars gained versus the yen on market speculation Nomura Holdings Inc., Japan’s largest brokerage, is preparing a US$11 billion foreign currency investment fund, or Toshin fund, some of which may be funneled ... More >>
NZ dollar gains with risk appetite, Toshin talk
Wednesday, 22 April 2009, 10:17 am | Businesswire
April 22 – The New Zealand dollar gained after U.S. stocks advanced following comments by the U.S. Treasury Secretary that most banks have sufficient capital, stoking investors’ appetite for high-yielding, or riskier, assets. More >>
Stocks to Watch: FPA debt due, Sky City placement
Wednesday, 22 April 2009, 9:42 am | Businesswire
The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Geithner on banks
Wednesday, 22 April 2009, 8:38 am | Businesswire
April 22 – U.S. Treasury Secretary Timothy Geithner said most U.S. lenders have sufficient capital though bad debts will likely slow their recovery. More >>
Nuplex shares drop on under-subscribe
Tuesday, 21 April 2009, 3:22 pm | Businesswire
April 21 - Nuplex Industries, the worst-performing stock on the NZX 50 Index this year, said its rights issue closed 4.1% under-subscribed. More >>
Sky City taps investors for NZ$228.9 mln
Tuesday, 21 April 2009, 2:40 pm | Businesswire
April 21 - Sky City Entertainment Ltd., New Zealand’s biggest casino company, is the latest listed company seeking additional capital to cushion against economic conditions, with plans to raise up to $228.9 million in a share placement, share ... More >>
NZ tourism slumps in March with fewer visitors
Tuesday, 21 April 2009, 1:16 pm | Businesswire
April 21 – Tourism slumped in March, with fewer visitors registering shorter stays in New Zealand, while a smaller number of locals travelled abroad during the same period last year. More >>
Pacific Brands lenders agree to extend term debt
Tuesday, 21 April 2009, 11:59 am | Businesswire
April 21 – Pacific Brands, whose clothing and footwear brands include Holeproof socks, Bonds underwear and Hush Puppies, won agreement from its lenders to push out its debt maturity for another two years. More >>
Stocks to Watch: Air NZ complaint, tourism numbers
Tuesday, 21 April 2009, 10:06 am | Businesswire
April 21 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar falls as U.S. stocks drop on Bank of Am
Tuesday, 21 April 2009, 9:53 am | Businesswire
April 21 – The New Zealand dollar tumbled to a month-low after Bank of America, the largest U.S. lender by assets, increased its bad loan reserves, leading a slump on Wall Street that stoked global risk aversion. More >>
While you were sleeping: BoA falls, oil tumbles
Tuesday, 21 April 2009, 8:41 am | Businesswire
April 21 – Bank of America shares tumbled after the biggest U.S. lender by assets posted results that showed a 41% surge in nonperforming assets in the first quarter. More >>
OceanaGold finds high-grade gold in the Deeps
Monday, 20 April 2009, 1:38 pm | Businesswire
April 20 – OceanaGold Corp., owner of New Zealand’s largest gold mine, reported high-grade gold mineralization beneath existing reserves at the Frasers Underground mine in the Macraes Goldfield. More >>
Warehouse reiterates profit growth to stall in '09
Monday, 20 April 2009, 12:53 pm | Businesswire
April 20 – Warehouse Group, the biggest retailer on the NZX 50 Index, has reiterated its forecast that profit growth will stall this year, following a 24% fall in half-year profit. More >>
NZ services industry lifts in March, stays weak
Monday, 20 April 2009, 12:41 pm | Businesswire
April 20 - New Zealand's services industry picked up for a second month in March, while remaining in contraction amid a broad business downturn and with little to provide stimulus. More >>
NZ Dollar Outlook: May fall as ECB stalls, OCR cut
Monday, 20 April 2009, 11:45 am | Businesswire
April 20 – The New Zealand dollar may extend its slide this week amid concern the European Central Bank is dithering over its response to the recession, while New Zealand’s central bank prepares to slash interest rates to below 3%. More >>
Orion Minerals gets final tranche of Fengli funds
Monday, 20 April 2009, 10:16 am | Businesswire
April 20 - Orion Minerals Group, the NZAX-listed company with an iron ore mining concession in Chile, gained the final payment from its Chinese investor Fengli Group, enabling it to begin development. More >>
