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Businesswire - Latest News [Page 248]
Weak NZ dollar cuts refugee remittances
Friday, 13 March 2009, 12:42 pm | Businesswire
March 13 – Refugees are the hidden victims of a weak New Zealand dollar as the currency’s dwindling spending power cuts the value of funds sent to their families in home countries such as Somalia. More >>
Smellie Sniffs: Earth to Key: Don't Forget Process
Friday, 13 March 2009, 12:05 pm | Businesswire
March 13 - I went to a select committee hearing for the first time in years this week. More >>
NZ dollar gains on Wall Street rally, Bollard view
Friday, 13 March 2009, 10:09 am | Businesswire
March 13 – The New Zealand dollar rose above 52 U.S. cents for the first time since early February after Wall Street rallied for a third day and the Reserve Bank of New Zealand signaled the end to its steep easing cycle. More >>
Stocks to Watch: AMP Office, NZOG, Fletcher
Friday, 13 March 2009, 10:01 am | Businesswire
Stocks to Watch: AMP Office, NZ Oil & Gas, Fletcher March 13 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Bank of America, spending
Friday, 13 March 2009, 9:59 am | Businesswire
March 13 – Bank of America led a rally on the Dow Jones industrial Average after chief executive Kenneth Lewis said the biggest U.S. bank was profitable in the first two months of the year and would continue to earn money in the full year. More >>
NZ lenders lag behind RBNZ rate cut on mortgages
Friday, 13 March 2009, 8:43 am | Businesswire
March 13 - Home loan rates haven’t moved as swiftly and as much as expected today, following the Reserve Banks’ decision to lower its official cash rate another 50 basis points. More >>
MARKET CLOSE: NZX 50 sinks
Friday, 13 March 2009, 8:22 am | Businesswire
March 12 – New Zealand’s NZX 50 Index fell 0.2%. Goodman Fielder and Telstra led the decline. Air New Zealand rose almost 5%. More >>
NZ manufacturing shrinks for 10th month
Thursday, 12 March 2009, 1:16 pm | Businesswire
March 12 - New Zealand manufacturing activity contracted for a 10th straight month, marked by dwindling production and new orders. More >>
National Australia cuts dividends to preserve cash
Thursday, 12 March 2009, 1:11 pm | Businesswire
March 12 – National Australia Bank, that nation’s biggest lender by value of assets, plans to cut its dividend by 25% in the first half to preserve cash in the face of rising bad debts and a slowing economy. More >>
Meridian Energy Earnings Warning
Thursday, 12 March 2009, 12:27 pm | Businesswire
March 12 - Meridian Energy is expecting its earnings profile to become volatile over coming years because of the impact of International Financial Reporting Standards on the way it treats the value of its Rio Tinto smelter contracts. More >>
Warehouse profit falls on Extra exit, outlook flat
Thursday, 12 March 2009, 12:01 pm | Businesswire
March 12 – Warehouse Group, the biggest retailer on the NZX 50 Index, posted a 24% drop in first-half profit reflecting costs to decommission its Extra hypermarket stores after the company abandoned its foray into fresh food. More >>
Bollard signals end to steep easing cycle in 2009
Thursday, 12 March 2009, 10:32 am | Businesswire
March 12 – Reserve Bank of New Zealand Governor Alan Bollard cut the official cash rate by 50 basis points to a record low 3% as expected, signaling the end to the steep easing cycle as the economy hits the bottom of its recession this year. While ... More >>
Stocks to Watch: Fletcher Building, Tower bonds
Thursday, 12 March 2009, 10:04 am | Businesswire
March 12 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar rises above 51 US cents on OCR statement
Thursday, 12 March 2009, 9:43 am | Businesswire
March 12 – The New Zealand dollar rose above 51 U.S. cents for the first time in two weeks after the central bank cut its benchmark rate as expected and said the nation won’t match other nations in driving borrowing costs to near zero. More >>
RBNZ cuts OCR to 3% amid global slump; kiwi falls
Thursday, 12 March 2009, 9:14 am | Businesswire
March 12 – Reserve Bank of New Zealand Governor Alan Bollard cut the official cash rate by 50 basis points to a record low 3% saying ongoing volatility of global financial markets continued to weigh on the domestic economy, which likely fell into ... More >>
MARKET CLOSE: NZX 50 snaps 3-day slide
Wednesday, 11 March 2009, 6:27 pm | Businesswire
March 11 – New Zealand shares snapped a three-day slide after upbeat comments from Citigroup’s chief executive stoked a worldwide rally. AMP Ltd. led the NZX 50 Index higher. More >>
"Cup of Tea" Needed on Key Tax Change
Wednesday, 11 March 2009, 4:49 pm | Businesswire
Major accounting firms are calling for delay to a fundamental tax change which would make whole communities liable for tax if they benefited from a community trust, among other major unintended consequences. More >>
Tax Changes Will Worsen NZ Under-Insurance
Wednesday, 11 March 2009, 4:20 pm | Businesswire
March 11 - Risk-based personal insurance policy premiums are likely to rise 15 to 25% and will increase New Zealand's pattern of under-insurance, representatives of the Investment Savings and Insurance Association warned MP's at Parliament today. More >>
Keep the "Grey List" Say Tax Bill Submissions
Wednesday, 11 March 2009, 4:12 pm | Businesswire
March 11 - Major corporates and tax experts are urging the new Government not to axe the long-established "grey list" approach to tax on foreign investment income. More >>
Jan Cameron lifts Postie Plus stake to 17.8%
Wednesday, 11 March 2009, 3:27 pm | Businesswire
March 11 – Jan Cameron, the cash-up founder of the Kathmandu chain of outdoor equipment stores, lifted her stake in retailer Postie Plus Group to 17.8%, nearing the 20% threshold that would require a takeover offer. Cameron paid an average of ... More >>
