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Businesswire - Latest News [Page 242]
NZ dollar slumps after RBNZ says rates out of line
Wednesday, 1 April 2009, 12:13 pm | Businesswire
April 1 – The New Zealand dollar tumbled more than 1 U.S. cent as the Reserve Bank said interest rates are out of line with the monetary policy outlook, and could put unnecessary pressure on borrowing. More >>
TelstraClear leads ‘significant’ broadband pick-up
Wednesday, 1 April 2009, 11:58 am | Businesswire
April 1 – TelstraClear Ltd., the subsidiary of Australian TelstraClear Corp., led a “significant” improvement in New Zealand’s broadband services in the fourth quarter, according to the Commerce Commission. More >>
Stocks to Watch: F&P Healthcare, exports, Contact
Wednesday, 1 April 2009, 11:37 am | Businesswire
Stocks to Watch: F&P Healthcare, exporters, Contact April 1 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: 'TED' spread, bank shares
Wednesday, 1 April 2009, 11:34 am | Businesswire
April 1 – Stocks on Wall Street rose, led by a rally in financial such as Bank of America and Citigroup, after the so-called TED spread narrowed, a sign that investors are more willing to take on risk. More >>
Fletcher to raise up to NZ$505M, take charges
Wednesday, 1 April 2009, 11:31 am | Businesswire
April 1 – Fletcher Building Ltd., New Zealand’s biggest construction company, will raise as much as NZ$505 million to strengthen its balance sheet and will reduce manufacturing capacity amid ‘challenging’ markets. More >>
Bollard says long-term rates too high; kiwi slumps
Wednesday, 1 April 2009, 9:41 am | Businesswire
April 1 – Reserve Bank Governor Alan Bollard said the rise in long-term interest rates is “out of line” with the bank’s expectations, given any recovery in economic growth is likely to be gradual. More >>
MARKET CLOSE: NZX 50 falls; Michael Hill, NPX drop
Tuesday, 31 March 2009, 5:41 pm | Businesswire
March 31 – New Zealand shares fell, driving the NZX 50 Index to its biggest decline this month after the Obama administration gave automakers one last chance to restructure, while forcing General Motors CEO Rick Wagoner to resign. More >>
NZ business confidence thaws slightly, stays bleak
Tuesday, 31 March 2009, 4:22 pm | Businesswire
March 31 – New Zealand business confidence edged higher this month, while measures for own activity and investments deteriorated, providing little sign that companies are shaking off the blues. More >>
Contact boosts cash as most holders keep bonus
Tuesday, 31 March 2009, 3:09 pm | Businesswire
March 31 – Contact Energy, the largest power company on the NZX 50 Index, said shareholders elected to keep 77% of bonus shares issued in the first half, leaving some NZ$49 million of cash to strengthen its balance sheet. More >>
US hedge fund ups Rubicon stake
Tuesday, 31 March 2009, 2:11 pm | Businesswire
March 31 – Knott, a U.S. based series of associated funds managed and administered by Dorset Management Corp., has made a partial takeover bid for the wood products and biotechnology investor Rubicon. More >>
Public-private broadband plan - Joyce
Tuesday, 31 March 2009, 10:34 am | Businesswire
March 31 – New Zealand’s government will establish a new Crown company to invest in broadband alongside private investors under a proposal from Communications Minister Steven Joyce. More >>
Stocks to Watch: Rubicon offer, Auckland Airport
Tuesday, 31 March 2009, 10:31 am | Businesswire
Stocks to Watch: Rubicon offer, Auckland Airport March 31 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Obama’s auto ultimatum
Tuesday, 31 March 2009, 10:15 am | Businesswire
March 21 – U.S. President Barack Obama warned automakers General Motors and Chrysler that they have one final chance to restructure or they will be allowed to fall into bankruptcy. More >>
NZ dollar may fall as Wall St slides
Tuesday, 31 March 2009, 10:03 am | Businesswire
March 31 – The New Zealand dollar may fall as U.S. equities tumbled, automakers were given a final chance to restructure, and concerns rose that some banks may need more government aid, eroding optimism for a global economic recovery. U.S. President ... More >>
MARKET CLOSE: NZX 50 follows U.S. lower
Monday, 30 March 2009, 6:32 pm | Businesswire
March 30 – New Zealand shares fell, pushing the NZX 50 Index lower for the third day in four as bond sales and rights issues sucked money out of equities. PGG Wrightson led the decline after its chief financial officer resigned. More >>
Dorchester Finance makes 2nd repayment under DRP
Monday, 30 March 2009, 2:38 pm | Businesswire
March 30 – Dorchester Finance paid the second installment to debenture holders under its deferred repayment plan and said it is on track to meet the next payment on June 30. More >>
NZ home-building approvals rise, 1st time in 3 mth
Monday, 30 March 2009, 2:01 pm | Businesswire
March 30 - New Zealand home-building approvals rose for the first time in three months, driven by apartment consents as declining short-term mortgage rates help lure investors back into the property market. More >>
Treasury works on super fund's NZ allocation rules
Monday, 30 March 2009, 12:25 pm | Businesswire
March 30 – The Treasury is preparing advice for the government on options to increase the allocation of investment by the New Zealand Superannuation Fund into local assets. More >>
Rebstock has concerns on mobile roaming prices
Monday, 30 March 2009, 10:15 am | Businesswire
March 30 – Commerce Commission chair Paula Rebstock has deferred her decision on whether to include pricing in the investigation into national mobile roaming services because of “significant concerns with the current state of the mobile market.” More >>
NZ dollar falls before G-20 as global stocks slide
Monday, 30 March 2009, 9:51 am | Businesswire
March 29 – The New Zealand dollar fell as the greenback advanced against most major currencies after a slide in shares on Wall Street sapped investor appetite for higher-yielding, or riskier, assets. More >>
