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Businesswire - Latest News [Page 245]

MARKET CLOSE: NZ shares fall

Monday, 23 March 2009, 6:18 pm | Businesswire

March 23 – New Zealand shares fell, pushing the NZX 50 Index lower for a second day, after Auckland International Airport report a drop in passenger traffic and a rise in the price of oil weighed on transport companies. More >>

Auckland Airport traffic slide mirrors Air NZ

Monday, 23 March 2009, 5:28 pm | Businesswire

March 23 – Auckland International Airport’s overseas passenger numbers dropped 6.9% last month, mirroring a decline in numbers flying with Air New Zealand as the global downturn saps demand for travel. More >>

Finance companies acted like ‘Ponzi schemes'

Monday, 23 March 2009, 12:44 pm | Businesswire

March 23 – The Registrar of Companies has issued a damning assessment of New Zealand’s failed finance companies, saying many lacked adequate governance and ran their businesses “in a similar manner to Ponzi schemes.” More >>

Vector may sell NZ$150 mln of five-year bonds

Monday, 23 March 2009, 11:53 am | Businesswire

March 23 – Vector Ltd., New Zealand’s No. 2 electricity and gas distributor, is weighing the sale of NZ$150 million of five-year bonds. More >>

IRD gives up pursuing APN over masthead

Monday, 23 March 2009, 10:47 am | Businesswire

March 23 – The Inland Revenue Department has dropped its challenge to tax deductions claimed by APN News & Media Ltd. over the sale and lease back of its mastheads. More >>

NZ dollar pares gains before GDP, current account

Monday, 23 March 2009, 9:34 am | Businesswire

March 23 – The New Zealand dollar pared its gain from a two-month high before figures expected to show New Zealand’s recession deepened in the fourth quarter while the current account deficit worsened. More >>

Stocks to Watch: Nuplex slump, Lyttelton outlook

Monday, 23 March 2009, 9:11 am | Businesswire

Stocks to Watch: Nuplex slump, Lyttelton outlook March 23 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>

While you were sleeping: U.S. dollar, AIG drop

Monday, 23 March 2009, 8:47 am | Businesswire

March 23 – The U.S. dollar rounded out its worst week since the 1985 Plaza Accord, when major economies agreed to the depreciation of the greenback, amid concern the Federal Reserve’s plan to buy US$300 billion of Treasuries will undermine its currency. More >>

Smellie Sniffs the Breeze: Market Failure

Friday, 20 March 2009, 8:20 pm | Businesswire

March 20 - For once, fleeting skerricks of good news from the world financial markets. For a few crazy hours, a couple of days really, things seemed to look a bit better. More >>

MARKET CLOSE: NZX 50 falls; Nuplex leads

Friday, 20 March 2009, 7:03 pm | Businesswire

March 20 – New Zealand shares fell, snapping a five-day rally, after Nuplex Industries was forced to make a rights offer at a deep discount and doubts swirled about the wisdom of the Federal Reserve’s decision to print more money. More >>

ANALYSIS: Nuplex rights issue sets benchmark

Friday, 20 March 2009, 4:38 pm | Businesswire

March 20 – Nuplex Industries was forced to offer a deep discount and increase the scope of its rights offer to win over shareholders, in a balance sheet strengthening exercise that will set the benchmark for other indebted companies. More >>

"Smacking Law" Works Say Child Advocates

Friday, 20 March 2009, 11:59 am | Businesswire

Joint media release by Barnardos New Zealand, Save the Children, Plunket, Jigsaw, National Collective of Independent Women's Refuges Inc, Te Kahui Mana Ririki, EPOCH New Zealand More >>

Nuplex slumps 44% on revised capital raising

Friday, 20 March 2009, 11:43 am | Businesswire

March 20 – Nuplex Industries shares slumped 44% after the specialty chemicals maker was forced to amend the terms of its capital raising, lifting the amount raised via a rights issue at just 23 cents a share, less than a fifth of their price before ... More >>

Nuplex trading halt extended again for fundraising

Friday, 20 March 2009, 10:38 am | Businesswire

March 20 – Nuplex Industries had the trading halt on its shares extended a second time as the specialty chemicals maker tries to conclude the sale of shares to repay debt and bolster its balance sheet. More >>

NZ dollar hits 10-week high on US dollar weakness

Friday, 20 March 2009, 10:13 am | Businesswire

March 20 – The New Zealand dollar hit a 10-week high versus the U.S. dollar as the greenback slumped against most major currencies on the Federal Reserve plan to begin quantitative easing to revive its flagging economy. More >>

Stocks to Watch: Nuplex fundraising, Freightways

Friday, 20 March 2009, 10:01 am | Businesswire

Stocks to Watch: Nuplex capital raising, Freightways March 20 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>

While you were sleeping: dollar falls, gold soars

Friday, 20 March 2009, 9:53 am | Businesswire

March 20 – The U.S. dollar extended its slide against the euro, yen and most major currencies amid speculation the Federal Reserve’s quantitative easing, buying up to US$300 billion of Treasuries and as much as US$1.45 trillion of mortgage-backed ... More >>