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Businesswire - Latest News [Page 244]
Stocks to Watch: ANZ Bank in China, Nuplex’s gain
Thursday, 26 March 2009, 9:57 am | Businesswire
March 26 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
MARKET CLOSE: Fletcher leads NZ stocks lower
Wednesday, 25 March 2009, 8:36 pm | Businesswire
March 25 – New Zealand shares fell, with the NZX 50 Index shedding part of yesterday’s rally as some investors took advantage of recent gains to sell companies such as Fletcher Building and Methven. More >>
NZ consumers turn ‘mildly’ pessimistic
Wednesday, 25 March 2009, 3:16 pm | Businesswire
March 25 – New Zealand consumers turned pessimistic in the last three months as rising unemployment, falling property values and a gloomy global backdrop caused people to trim spending and pay debt. More >>
35 hour weeks for F&P Auckland
Wednesday, 25 March 2009, 1:32 pm | Businesswire
March 25 - Fisher & Paykel Appliances, the manufacturer considering raising equity capital to strengthen its balance sheet, agreed to a temporary 35-hour working week at an Auckland plant to save jobs in the downturn. More >>
Comm Comm bats away mobile termination offer
Wednesday, 25 March 2009, 12:44 pm | Businesswire
March 25 – The Commerce Commission has batted away the country’s mobile telecommunications providers’ offer on the fees mobile companies charge other carriers to terminate calls on their networks. More >>
Power includes trustees in review
Wednesday, 25 March 2009, 12:40 pm | Businesswire
March 25 – Commerce Minister Simon Power will include corporate trustees in a review of the Securities Act following a damning report by the Registrar of Companies on the country’s failed finance companies. More >>
Global airline revenue crunch worse than post-9/11
Wednesday, 25 March 2009, 12:27 pm | Businesswire
March 25 – The global airline industry’s revenue may tumble by 12%, or US$62 billion this year, surpassing the decline following the 9/11 terror attacks in 2001, as the global economy deteriorates. More >>
Clark to head UN Development Programme, TT reports
Wednesday, 25 March 2009, 10:39 am | Businesswire
March 25 – Former Prime Minister Helen Clark is to be named head of the United Nations Development Programme, according to the Trans-Tasman political letter. More >>
While you were sleeping: `Super-currency,' AIG
Wednesday, 25 March 2009, 10:07 am | Businesswire
March 25 – The weakening U.S. dollar spurred China to urge the International Monetary Fund to create a new “super-sovereign reserve currency,” a sign that confidence in the greenback is waning as the Federal Reserve prepares to buy Treasuries. More >>
Stocks to Watch: Air NZ strike, Tower bond sale
Wednesday, 25 March 2009, 9:59 am | Businesswire
Stocks to Watch: Air NZ strike, Tower bond sale March 25 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar pares gain ahead of current account, GDP
Wednesday, 25 March 2009, 9:44 am | Businesswire
March 25 – The New Zealand dollar pared its gains ahead of current account data for the fourth quarter, which probably deteriorated to the widest annual deficit in more than a decade. More >>
China Slump is NZ's Greatest Risk - D&B
Tuesday, 24 March 2009, 6:48 pm | Businesswire
March 24 – Slumping growth in China is cited as New Zealand's greatest economic risk, according to Dun & Bradstreet. More >>
NZ stocks rise on US toxic asset plan
Tuesday, 24 March 2009, 6:14 pm | Businesswire
March 24 – New Zealand shares rose, pushing the NZX 50 index higher for the first day in three, part of a global rally as optimism the Obama administration’s plan to acquire up to US$1 trillion of toxic assets from banks may help lift the U.S. ... More >>
Tower bond sale scrapes in despite 8.5% on offer
Tuesday, 24 March 2009, 6:08 pm | Businesswire
March 24 - Tower Capital completed its bond sale with minimal oversubscriptions as the insurer and fund manager struggled to entice investors with an 8.5% interest rate. More >>
Post bonds struck at 7.5%
Tuesday, 24 March 2009, 6:04 pm | Businesswire
NZ Post sets 7.5% rate on step-up notes, to raise NZ$200 mln More >>
Fonterra debt grows
Tuesday, 24 March 2009, 6:02 pm | Businesswire
March 24 – Fonterra Cooperative Group, the world’s largest exporter of dairy products, reported an increase in gearing in the first half on increased stockpiling, the impact of the weak kiwi dollar on overseas debt and the timing of payments to ... More >>
NZX has biggest jump in six months this morning
Tuesday, 24 March 2009, 1:09 pm | Businesswire
March 24 – The NZX 50 index had its biggest jump since Oct. 14 this morning, extending a global rally on optimism the Obama administration’s plan to acquire up to US$1 trillion of toxic assets from banks may help lift the U.S. economy out of recession ... More >>
While you were sleeping: U.S. toxic asset plan
Tuesday, 24 March 2009, 10:14 am | Businesswire
March 24 – The Obama administration announced plans to buy as much as US$1 trillion of toxic mortgage security assets from American banks in an effort to revive the finance sector. More >>
Stocks to Watch: Auckland Airport, NZOG, Nuplex
Tuesday, 24 March 2009, 10:00 am | Businesswire
Stocks to Watch: Auckland Airport, NZOG, Nuplex March 24 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar nears ten-week high on US plan for banks
Tuesday, 24 March 2009, 9:37 am | Businesswire
March 24 – The New Zealand dollar neared a ten-week high as the Obama administration’s plan to remove toxic assets from banks’ balance sheets stoked investor optimism, boosting stock markets and encouraging support for high-yielding, or riskier, assets. More >>
