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Businesswire - Latest News [Page 241]
Stocks to Watch: Air NZ outlook, Telecom price cut
Monday, 6 April 2009, 9:56 am | Businesswire
Stocks to Watch: Air NZ outlook, Telecom price cuts April 6 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar holds near 3-mth high before RBA review
Monday, 6 April 2009, 9:35 am | Businesswire
April 6 – The New Zealand dollar held near a three month high ahead of tomorrow’s monetary policy review by the Australian central, which is expected to hold the country’s benchmark interest rate. More >>
While you were sleeping: U.S. 8.5% jobless rate
Monday, 6 April 2009, 8:48 am | Businesswire
April 6 – The U.S. unemployment rate rose to 8.5% in March, the highest since 1983 as 663,000 jobs were eliminated and data was revised for January, showing the worst losses since just after WWII. More >>
SMELLIE SNIFFS THE BREEZE: What's another trillion
Friday, 3 April 2009, 6:38 pm | Businesswire
April 3 - If the G-20 was going to create another trillion dollars, I wanted to know how. More >>
ANZ Bank strategy and marketing chief Payn resigns
Friday, 3 April 2009, 5:53 pm | Businesswire
April 3 - Australia and New Zealand Banking Group, owner of New Zealand’s biggest combined lender, said Margaret Payn, its director for strategy and marketing, has resigned. More >>
MARKET CLOSE: NZ shares rise; Wrightson, Nuplex up
Friday, 3 April 2009, 5:26 pm | Businesswire
April 3 – New Zealand shares rose as an upbeat Group of 20 summit helped lift sentiment. PGG Wrightson led a rally on the NZX 50 that included beaten-down stocks like Tourism Holdings. Nuplex rose 3% to 34 cents. More >>
ING Property says portfolio value falls 8.3%
Friday, 3 April 2009, 2:56 pm | Businesswire
April 3 - ING Property Trust said the value of its portfolio was reduced by 8.3% after an independent assessment, reflecting softening yields and the prospect of smaller increases in rentals as the economy remains mired in recession. More >>
Contact ups bond sale to NZ$550M on strong demand
Friday, 3 April 2009, 1:23 pm | Businesswire
April 3 - Contact Energy Ltd., which generates about 28% of New Zealand’s electricity, raised NZ$550 million in its sale of 5-year bonds, more than the NZ$300 million sought, as investors queued up for the 8% interest rate. More >>
NZ budget deficit grows as recession cuts tax take
Friday, 3 April 2009, 11:19 am | Businesswire
April 3 – New Zealand’s budget deficit widened in February as the ongoing recession eroded revenue from taxes and dented returns on investments. More >>
While you were sleeping: G-20 US$1.1 tln pledge
Friday, 3 April 2009, 10:21 am | Businesswire
April 3 – Leaders of the Group of 20 nations pledged US$1.1 trillion to boost funding for the International Monetary Fund and free up the availability of trade credit. More >>
Stocks to Watch: Burger Fuel, Contact Energy
Friday, 3 April 2009, 10:02 am | Businesswire
Stocks to Watch: Burger Fuel, Contact Energy April 3 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar gains after G-20's US$1.1 tln pledge
Friday, 3 April 2009, 9:44 am | Businesswire
NZ dollar gains as G-20 pledges US$1.1 tln to IMF, trade credit More >>
Fletcher nets NZ$406M in placement to institutions
Thursday, 2 April 2009, 11:20 am | Businesswire
April 2 – Fletcher Building Ltd., New Zealand’s biggest construction company, raised NZ$406.5 million in the first part of its capital raising as it seeks to take advantage of recent gains in its share price. More >>
NZ dollar pares losses as Wall St gains
Thursday, 2 April 2009, 10:41 am | Businesswire
April 2 – The New Zealand dollar pared yesterday’s loss after U.S. stocks gained on better-than-expected data, stoking investor appetite for higher-yielding, or riskier, assets. More >>
While you were sleeping: U.S. housing thaws
Thursday, 2 April 2009, 10:35 am | Businesswire
April 2 – The U.S. housing slump showed tentative signs of improvement in February, based on sales of existing homes, while manufacturing gained for a third month in March, stoking optimism the recession may be abating. More >>
Stocks to Watch: Pyne Gould’s MARAC CEO; Fletcher
Thursday, 2 April 2009, 10:02 am | Businesswire
Stocks to Watch: Pyne Gould’s MARAC CEO, Fletcher sale April 2 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Milk powder rises for 2nd month in Fonterra sale
Thursday, 2 April 2009, 9:52 am | Businesswire
April 2 – The price of milk powder rose 3.6% in Fonterra Cooperative Group’s online auction for a second straight month, in a sign that last year’s slump in dairy prices may be near its end. More >>
OCR to go below 2.5% as employees "admit defeat",
Wednesday, 1 April 2009, 10:22 pm | Businesswire
April 2 - Westpac Bank economists are predicting the Reserve Bank of New Zealand will be forced to drop the Official Cash Rate below the low-point of 2.5% and for longer than implied in its 12 March Monetary Policy Statement. More >>
MARKET CLOSE: NZX50 slips, Fletcher capital bid
Wednesday, 1 April 2009, 6:32 pm | Businesswire
April 1 – New Zealand shares fell, pushing the NZX 50 Index lower for a third straight session, as investors freed up cash to participate in Fletcher Building equity raising at a discount. More >>
Fletcher Building in $505m capital-raising
Wednesday, 1 April 2009, 1:30 pm | Businesswire
April 1 – Fletcher Building Ltd., New Zealand’s biggest construction company, aims to tap investors for as much as NZ$505 million, taking advantage of recent gains in its share price to strengthen its balance sheet. More >>
