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Businesswire - Latest News [Page 240]
Freightways makes NZ$45M placement at 12% discount
Wednesday, 8 April 2009, 10:53 am | Businesswire
April 8 – Freightways Ltd., the logistics company that owns New Zealand Couriers, completed a NZ$45 million placement to repay debt and strengthen its balance sheet. More >>
Stocks to Watch: Restaurant Brands, NZX purchase
Wednesday, 8 April 2009, 10:00 am | Businesswire
Stocks to Watch: Restaurant Brands, NZX acquisition April 8 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Wall St falls on earnings
Wednesday, 8 April 2009, 9:49 am | Businesswire
April 8 – Shares fell on Wall Street amid concern the first-quarter earnings season will show no respite from the downturn. Aluminium producer Alcoa, one of the first major companies to report, posted a quarterly loss of US$497 million as prices tumbled. More >>
NZ dollar falls as Wall Street weakens on earnings
Wednesday, 8 April 2009, 9:31 am | Businesswire
April 8 - The New Zealand dollar fell as Wall Street declined amid concern companies are preparing to post weak first-quarter earnings, erasing optimism and encouraging investors to eschew high-yielding, or riskier, assets. More >>
NZX weighs acquisition of energy market M-co
Tuesday, 7 April 2009, 6:33 pm | Businesswire
April 7 – NZX Ltd., manager of New Zealand’s stock exchange, is investigating the acquisition of the Marketplace Company, or M-co, which operates the wholesale electricity market. More >>
MARKET CLOSE: NZ stocks snap 3-day rally; GPG down
Tuesday, 7 April 2009, 6:10 pm | Businesswire
April 7 – New Zealand shares snapped a three-day rally after a survey showed business activity at a 39-year low and Wall Street weakened on renewed concern about the financial sector. More >>
RBA cuts key rate 25 bps to 3% on global outlook
Tuesday, 7 April 2009, 5:10 pm | Businesswire
April 7 – The Reserve Bank of Australia cut its benchmark interest rate by a quarter point to 3%, saying there’s evidence that the global economic contraction continued into the first few months of 2009. More >>
Brash, Cullen tapped for roles in SOE reshuffle
Tuesday, 7 April 2009, 4:12 pm | Businesswire
April 7 - Former National Party leader Don Brash is among notable new appointments to the boards of state-owned enterprises, announced today by SOE Minister Simon Power. More >>
Government backs single Auckland council
Tuesday, 7 April 2009, 4:03 pm | Businesswire
April 7 – Auckland City will get a single council after the government endorsed the main recommendation of the Royal Commission while scrapping the tier of local councils that had been proposed to operate under its umbrella. More >>
NZ dollar falls as U.S. stocks weaken, RBA awaited
Tuesday, 7 April 2009, 2:39 pm | Businesswire
April 7 – The New Zealand dollar fell after Wall Street pared its five-day gain amid concerns over the state of the U.S. economy, ahead of this afternoon’s rate review by the Australian central bank. More >>
While you were sleeping: Dollar up, Wall St down
Tuesday, 7 April 2009, 2:36 pm | Businesswire
April 7 - The U.S. dollar strengthened against most major currencies, reaching a five-month high against the yen, as weakening equities spurred demand for the world’s reserve currency as a haven. More >>
NZ business activity worsens in QSBO; kiwi drops
Tuesday, 7 April 2009, 1:39 pm | Businesswire
April 7 – New Zealand business activity sank in the first quarter, with the number companies reporting a fall in trading reaching the worst level since at least 1970. The kiwi dollar dropped below 58 U.S. cents for the first time in five days after ... More >>
Debt issues overshadow equity raising this year
Tuesday, 7 April 2009, 1:35 pm | Businesswire
April 7 – New Zealand companies raised nearly 10 times more debt than equity in the first quarter, as falling interest rates and a weak economy spur demand for regular fixed payments. More >>
Freightways to raise NZ$50mln to cut debt
Tuesday, 7 April 2009, 11:12 am | Businesswire
April 7 – Freightways Ltd., the logistics company that owns New Zealand Couriers, is seeking to raise NZ$50 million in a bid to reduce debt and strengthen its balance sheet. More >>
ile you were sleeping: U.S. dollar up, stocks down
Tuesday, 7 April 2009, 10:11 am | Businesswire
April 7 - The U.S. dollar strengthened against most major currencies, reaching a five-month high against the yen, as weakening equities spurred demand for the world’s reserve currency as a haven. More >>
Stocks to Watch: Freightways placement, Warehouse
Tuesday, 7 April 2009, 10:04 am | Businesswire
Stocks to Watch: Freightways placement, Warehouse cutbacks April 7 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Pessimism on the wane as media talks up downturn
Monday, 6 April 2009, 12:43 pm | Businesswire
April 6 – Pessimism about the state of the New Zealand economy is waning, according to a monthly survey of confidence, suggesting businesses are experiencing better trading conditions than is portrayed in the media. More >>
Infratil sells Fullers Group ferries for NZ$40M
Monday, 6 April 2009, 11:32 am | Businesswire
April 6 – Infratil Ltd.’s NZ Bus unit agreed to sell its ferry business for NZ$40 million, to focus on land-based transport. More >>
Australia gives relief to jobless mortgage holders
Monday, 6 April 2009, 11:03 am | Businesswire
April 6 – Australia will allow mortgage-holders who lose their job to postpone loan payments for as much as 12 months under an agreement with that nation’s major banks. More >>
Accommodation, travel spending dips; food rises
Monday, 6 April 2009, 9:58 am | Businesswire
April 6 – Spending on accommodation and travel fell in March, a month when New Zealanders typically book winter holidays, suggesting people are deferring plans in the face of the ongoing recession. More >>
