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Businesswire - Latest News [Page 251]
While you were sleeping: auto sales fall, US$ up
Wednesday, 4 March 2009, 10:48 am | Businesswire
Feb. 4 – The U.S. dollar rose to a three-year high against an index of six major currencies as investors flocked to the greenback, seen as a haven in times of uncertainty. More >>
NZ dollar trades below 50 US cents; RBA holds rate
Wednesday, 4 March 2009, 10:14 am | Businesswire
March 4 – The New Zealand dollar held below 50 U.S. cents after the Australian central bank kept its benchmark interest rate unchanged which may temper the New Zealand rate decision next week. More >>
Stocks to Watch: Nuplex falls, Dorchester's hotel
Wednesday, 4 March 2009, 10:01 am | Businesswire
March 4 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Milk powder rises for first time in Fonterra sale
Wednesday, 4 March 2009, 8:59 am | Businesswire
March 4 – The price of milk powder rose 16.6% on Fonterra Cooperative Group’s controversial online auctions, the first recorded increase on the trading system. More >>
MARKET CLOSE: Nuplex leads NZX 50 down, Pike drops
Tuesday, 3 March 2009, 6:59 pm | Businesswire
March 3 – New Zealand’s NZX 50 Index fell 2.6% to a new five-year low, led by Nuplex Industries and other companies focusing on their balance sheets, after American International Group’s losses and additional aid sparked a sell-off in equities. More >>
NZOG supports Pike River's NZ$45m placement
Tuesday, 3 March 2009, 10:42 am | Businesswire
March 3 – New Zealand Oil & Gas agreed to help coalminer Pike River Coal through a funding squeeze by taking up its entitlement in a NZ$45 million rights issue announced today. More >>
NZIER Predicts "Labour-Hoarding"
Tuesday, 3 March 2009, 10:30 am | Businesswire
2 Mar. – Firms will seek to “hoard” workers for as long as they can in the current recession after several years of a tight labour market, says the New Zealand Insitute for Economic Research in its latest Quarterly Predictions, released this ... More >>
Silver Fern agrees to mediation with Wrightson
Tuesday, 3 March 2009, 10:13 am | Businesswire
March 3 – Silver Fern Farms Ltd., the Dunedin-based meat cooperative, agreed to enter mediation with PGG Wrightson Ltd., New Zealand’s biggest rural services company, over its failed acquisition of a half stake last year. More >>
NZ dollar holds below 50 US cents after AIG loss
Tuesday, 3 March 2009, 10:01 am | Businesswire
By Paul McBeth March 3 – The New Zealand dollar held below 50 U.S. cents after American International Group, which insures 100,000 companies, posted a record loss, driving U.S. stock markets to a 12-year low and eroding investor appetite for higher-yielding, ... More >>
Stocks to Watch: Wrightson heads to mediation
Tuesday, 3 March 2009, 9:56 am | Businesswire
March 3 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. Themes of the day: Stocks tumbled worldwide after American International Group posted a record loss for an American ... More >>
While you were sleeping: AIG posts record loss
Tuesday, 3 March 2009, 9:54 am | Businesswire
March 3 – American International Group Inc., the insurer bailed out by the U.S. government in September, is in line for a further US$30 billion of aid after posting a record loss by an American company. More >>
Wellington Drive to plug fund-raising shortfall
Monday, 2 March 2009, 12:14 pm | Businesswire
March 2 – Wellington Drive Technologies Ltd., a designer and manufacturer of energy-saving motors and fans, is edging closer to its fund-raising target after a shortfall in its rights issue last week. More >>
NZ interest rates set to fall below Australia's
Monday, 2 March 2009, 10:57 am | Businesswire
By Paul McBeth March 2 – New Zealand rates are set to fall below Australia’s for only the second time since the official cash rate was implemented in 1999 as the nation’s economic performance lags behind that of its biggest trading partner. More >>
Contact Energy to sell NZ$300M of 5-year, 8% bonds
Monday, 2 March 2009, 10:22 am | Businesswire
March 2 – Contact Energy Ltd., which generates about 28% of New Zealand’s electricity, offered to sell at least NZ$300 million of bonds to repay debt and fund new power plants. More >>
Stocks to Watch: Contact sells bonds, Pike halted
Monday, 2 March 2009, 9:34 am | Businesswire
March 2 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. Themes of the day: The U.S. economy had its biggest slump since 1982 in the fourth quarter, shrinking at a worse-than-expected ... More >>
While you were sleeping: U.S. economy shrinks
Monday, 2 March 2009, 9:01 am | Businesswire
March 2 - The U.S. economy had its biggest slump since 1982 in the fourth quarter, shrinking at a worse-than-expected annual pace of 6.2% as consumer spending dwindled and exporters shipped fewer goods. More >>
MARKET CLOSE: NZ Farming Systems jumps, GPG drops
Friday, 27 February 2009, 7:41 pm | Businesswire
Feb. 27 – New Zealand shares rose, driving the NZX 50 Index to its biggest gain in more than a month, as NZ Farming Systems Uruguay and PGG Wrightson rallied, and Australian banks rose. More >>
Woolworths profit climbs 10%; shares fall on ASX
Friday, 27 February 2009, 3:46 pm | Businesswire
Feb. 27 – Woolworths Ltd., Australia’s biggest retailer, posted a 10% gain in first-half profit as increased earnings from its supermarkets made up for weaker revenue from New Zealand and from consumer electronics. More >>
Guinness Peat posts loss on Coats, writedowns
Friday, 27 February 2009, 3:13 pm | Businesswire
Feb. 27 – Guinness Peat Group, the investment company chaired by Ron Brierley, posted a full-year loss as it wrote down the value of its portfolio and its Coats threadmaker unit was hit by the downturn. More >>
Fairfax announces A$684 mln placement at discount
Friday, 27 February 2009, 2:00 pm | Businesswire
Feb. 27 – Fairfax Media Ltd., Australia’s second largest publisher, plans to raise as much as A$684 million selling shares via a offer to existing shareholders to pay down debt and strengthen its balance sheet. More >>
