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Businesswire - Latest News [Page 243]
Stocks to Watch: Fletcher’s advance, Cavotec order
Monday, 30 March 2009, 9:30 am | Businesswire
Stocks to Watch: Fletcher’s advance, Cavotec order March 30 – The following stocks may be active on the New Zealand exchange after developments since the close of trading Friday. More >>
While you were sleeping: Dollar gains
Monday, 30 March 2009, 9:03 am | Businesswire
March 30 – The U.S. dollar rebounded against the euro on Friday amid speculation the European Central Bank will follow the Federal Reserve in buying its own bonds to lift the region’s economy. More >>
MARKET CLOSE: Blue-chips pull up NZX 50
Friday, 27 March 2009, 7:05 pm | Businesswire
March 27 – New Zealand shares rose, led by companies with strong management and solid balance sheets such as Contact Energy and Fletcher Building. More >>
Auckland commission advocates unified council
Friday, 27 March 2009, 5:41 pm | Businesswire
March 27 – Auckland would come under the control of a new region-wide council and existing territorial authorities within the city replaced by six local bodies with reduced powers under recommendations of the Royal Commission on Auckland Governance. More >>
Smellie Sniffs the Breeze: Confirmation from HQ
Friday, 27 March 2009, 3:25 pm | Businesswire
March 27 - Remember where you read it first: "New Zealand is in a better position than most advanced countries to face the global storm, given its sound macroeconomic policies, including a flexible exchange rate, low level of public debt, flexible ... More >>
Kiwi Income says portfolio value fell by NZ$162M
Friday, 27 March 2009, 2:48 pm | Businesswire
March 27 – Kiwi Income Property Trust, New Zealand’s largest listed property investor, said the value of its portfolio fell in the six months ended March 31, reflecting the impact on property values from global economic turmoil. More >>
NZ trade surplus reaches 5-yr high as imports fall
Friday, 27 March 2009, 2:15 pm | Businesswire
March 27 – New Zealand’s trade surplus widened to a five-year high last month as the nation’s prolonged recession sapped demand for imported goods, which fell more than twice as much as exports. More >>
NZ dollar edges higher on better-than-expected GDP
Friday, 27 March 2009, 12:33 pm | Businesswire
March 27 – The New Zealand dollar held above 57 U.S. cents as the economy had a milder contraction than expected in the fourth quarter, stoking expectations interest rates won’t fall much further. More >>
NZ economy contract’s a smaller-than-expected 0.9%
Friday, 27 March 2009, 12:18 pm | Businesswire
March 27 - New Zealand’s economy shrank a smaller-than-expected 0.9% in the fourth quarter, still the biggest slump in 16 years, as the prolonged slump dented manufacturing and household spending. More >>
NZ swap rates spike higher as borrowers seek fixed
Friday, 27 March 2009, 12:04 pm | Businesswire
March 27 – New Zealand swap rates spiked this week as borrowers lined up to switch into fixed-rate loans from floating, betting they will offer relatively cheaper funding over the next few years. More >>
Hallenstein confirms 41% drop in first-half profit
Friday, 27 March 2009, 11:08 am | Businesswire
March 27 - Hallenstein Glasson Holdings Ltd., owner of the men’s and women’s clothing chains, posted a 41% decline in first-half profit as competition for a shrinking consumer dollar squeezed margins. More >>
Commercial property returns fall on capital growth
Friday, 27 March 2009, 10:28 am | Businesswire
March 27 – Returns from commercial property dwindled in 2008 as capital growth slowed, according to the Property Council / IPD New Zealand Property Index for 2008. More >>
NZ dollar holds above 57 US cents ahead of GDP
Friday, 27 March 2009, 10:20 am | Businesswire
March 27 – The New Zealand dollar held above 57 U.S. cents ahead of today’s gross domestic product figures, which may show the economy bottomed out in the three months to Dec. 31, and after U.S. stocks rallied on optimism the world’s biggest ... More >>
While you were sleeping: U.S. GDP shrinks 6.3%
Friday, 27 March 2009, 10:08 am | Businesswire
March 27 – The U.S. economy contracted by 6.3% in the fourth quarter, the biggest slump since 1982, while unemployment benefit rolls rose to a record 5.56 million earlier this month and 652,000 more Americans made jobless claims last week. More >>
Stocks to Watch: F&P Appliances gains; Nuplex
Friday, 27 March 2009, 10:05 am | Businesswire
March 27 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
MARKET CLOSE: NZ shares fall a 2nd day
Thursday, 26 March 2009, 11:39 pm | Businesswire
March 26 – New Zealand shares fell, pushing the NZX 50 Index lower for a second session, as rising swap rates dimmed the appeal of equities and investors await data that is likely to show the economy deteriorated in the fourth quarter. More >>
EXCLUSIVE: Fonterra may sell more NZ bonds
Thursday, 26 March 2009, 5:55 pm | Businesswire
March 26 - Fonterra Cooperative Group, the world’s biggest dairy products exporter, is considering a further sale of corporate bonds in the New Zealand market after investors clamored for its last offer in February. More >>
Sky TV deal with TVNZ to boost audiences for 6, 7
Thursday, 26 March 2009, 3:20 pm | Businesswire
March 16 – Television New Zealand, the state-owned broadcaster, reached an agreement with Sky Network Television that will expose its minority stations, TV6 and TV7 to the pay-TV company’s approximately 600,000 set-top box users. More >>
NZ current-account deficit widens to record
Thursday, 26 March 2009, 2:41 pm | Businesswire
March 26 -- New Zealand’s current-account deficit widened to a record in 2008, as net foreign liabilities tipped the scales at 94.5% of gross domestic product, underlining the nation’s vulnerability to disruptions in global capital flows. More >>
While you were sleeping: Geithner’s forex comments
Thursday, 26 March 2009, 10:01 am | Businesswire
March 26 – U.S. Treasury Secretary Timothy Geithner sent currency markets on a wild ride by appearing to endorse Chinese calls for a new reserve currency before reiterating that the U.S. dollar would remain the benchmark. More >>
