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Businesswire - Latest News [Page 249]
NZ import prices outpace exports on weak kiwi
Wednesday, 11 March 2009, 1:13 pm | Businesswire
March 11 – Prices for New Zealand imports rose by more than export prices, reflecting a weakening New Zealand dollar. More >>
NZ home sales, prices revive in February: REINZ
Wednesday, 11 March 2009, 12:33 pm | Businesswire
March 11 – New Zealand home sales rebounded last month and prices picked up, suggesting cheaper borrowing costs are stoking a revival of interest in the real estate market. More >>
Stocks to Watch: Metlifecare resthome, FPA finance
Wednesday, 11 March 2009, 10:02 am | Businesswire
March 11 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
NZ dollar gains as Citigroup leads Wall St rally
Wednesday, 11 March 2009, 9:49 am | Businesswire
March 11 – The New Zealand dollar gained as Citigroup led a rally in U.S. stocks and U.S. Federal Reserve chairman urged revamped financial market regulation to smooth boom-and-bust cycles, lifting investor appetite for higher-yielding, or riskier, ... More >>
While you were sleeping: Citigroup soars; Madoff
Wednesday, 11 March 2009, 9:39 am | Businesswire
March 11 – Citigroup, the bank that’s lost 95% of its value in the past six months, soared after chief executive Vikram Pandit said the bank was profitable in the first two months of 2009, heading for the best quarter since 2007. More >>
MARKET CLOSE: NZ shares mixed; Skellerup falls
Tuesday, 10 March 2009, 6:02 pm | Businesswire
March 10 – New Zealand shares were mixed as a stronger oil price nudged NZ Oil & Gas higher while Skellerup Holdings tumbled. More >>
Australian business conditions sank in February
Tuesday, 10 March 2009, 4:54 pm | Businesswire
March 10 – Australian business conditions worsened last month, according to National Australia Bank’s monthly survey, suggesting the economy has already slid into recession. More >>
NZ card spending, excluding fuel, fell last month
Tuesday, 10 March 2009, 1:13 pm | Businesswire
March 10 – New Zealand consumer spending on debit and credit cards fell last month, excluding the surge in petrol prices, underlining the effects of prolonged recession on the retail sector. More >>
NZ dollar falls below 50 US cents on risk aversion
Tuesday, 10 March 2009, 9:57 am | Businesswire
March 10 – The New Zealand dollar fell below 50 U.S. cents as ongoing fears about the global economic climate encouraged investors to eschew higher-yielding or riskier assets ahead of the central bank’s monetary policy statement on Thursday. More >>
Stocks to Watch: Michael Hill profit drop, Sky TV
Tuesday, 10 March 2009, 9:53 am | Businesswire
Stocks to Watch: Michael Hill profit drop, Sky TV March 10 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Merck buys Schering
Tuesday, 10 March 2009, 9:46 am | Businesswire
March 10 – Merck & Co. will acquire rival drugmaker Schering-Plough Corp. for US$41.1 billion, gaining drugs in late-stage development as competition for its biggest-selling product looms. More >>
MARKET CLOSE: NZ stocks mixed
Monday, 9 March 2009, 6:36 pm | Businesswire
March 9 – New Zealand shares were mixed, with about the same number of decliners and gainers in the NZX 50 Index. Nuplex Industries sank to a 17-year low after hiring advisers for a possible capital raising. Tourism Holdings climbed on optimism visitor ... More >>
Ross Wilson dumped as ACC chairman
Monday, 9 March 2009, 6:33 pm | Businesswire
March 9 – Ross Wilson was dumped as chairman of ACC and replaced by former Ernst & Young chief executive John Judge. More >>
NZ property values fall 8.9%
Monday, 9 March 2009, 1:20 pm | Businesswire
March 9 – New Zealand property values dropped 8.9% last month, helping stir a revival in sales as mortgage rates fall. More >>
Nuplex retains advisers after debt breach
Monday, 9 March 2009, 12:49 pm | Businesswire
March 9 – Nuplex Industries, the specialty chemicals company whose shares have slumped 65% this year, hired advisers on potential capital raising as it seeks to renegotiate its bank covenants. More >>
NZ consumers grow gloomier, home building declines
Monday, 9 March 2009, 12:33 pm | Businesswire
March 9 – New Zealand consumers became gloomier last month, while the value of home building activity fell in the fourth quarter, suggesting lower borrowing costs aren’t yet gaining traction. More >>
Kiwi dollar steady ahead of OCR review
Monday, 9 March 2009, 11:42 am | Businesswire
March 9 – The New Zealand dollar was little changed above 50 U.S. cents and may weaken this week on speculation the central bank will cut the official cash rate to a record low. More >>
Michael Hill pretax profit falls 37%
Monday, 9 March 2009, 11:38 am | Businesswire
March 9 – Michael Hill International Ltd. posted a 37% drop in first-half pretax earnings as the Australian dollar weakened and the jewellery chain incurred costs to acquire stores in the U.S. The company lowered its first-half dividend. More >>
Stocks to Watch: Michael Hill, Cavalier, Contact
Monday, 9 March 2009, 11:36 am | Businesswire
March 9 – The following stocks may be active on the New Zealand exchange after developments since the close of trading on Friday. More >>
While you were sleeping: U.S. jobless up
Monday, 9 March 2009, 11:33 am | Businesswire
March 9 – The U.S. unemployment rate hit a 25-year high of 8.1% in February, with 651,000 jobs lost and losses for the previous two months revised bigger as companies eliminated workers in response to the prolonged recession. More >>
