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Businesswire - Latest News [Page 257]
NZ manufacturing shrinks for 9th month
Thursday, 12 February 2009, 1:39 pm | Businesswire
Feb. 12 - New Zealand manufacturing activity contracted for a ninth straight month, marked by dwindling production and new orders. More >>
Rio stock halted on Chinalco injection
Thursday, 12 February 2009, 12:57 pm | Businesswire
Feb. 12 – Rio Tinto, the world’s third-biggest mining company, had its ASX-listed stock and NYSE-listed ADRs halted from trading amid reports it is negotiating a US$19 billion cash infusion from Aluminum Corp of China, or Chinalco. More >>
Fletcher profit slumps, stock gains
Thursday, 12 February 2009, 12:52 pm | Businesswire
Feb. 12 – Fletcher Building Ltd., New Zealand’s biggest building products producer, posted a 27% drop in first-half profit as world demand sank. Its shares rose as the company held its dividends and said its balance sheet is strong enough to weather ... More >>
Transpower adds $50 million works to plans
Thursday, 12 February 2009, 11:33 am | Businesswire
Feb. 12 – Transpower will speed up 10 years’ worth of small-scale maintenance and upgrades, the national grid’s chief executive Patrick Strange announced today. More >>
While you were sleeping: U.S. stimulus plan pared
Thursday, 12 February 2009, 11:29 am | Businesswire
Feb. 12 – U.S. lawmakers have trimmed back the size of President Barack Obama’s stimulus package to some US$789 billion from the US$840 billion the Senate approved yesterday, a sign that Republicans are winning concessions on the controversial spending ... More >>
NZ links to Asia, Australia bode well for recovery
Thursday, 12 February 2009, 11:10 am | Businesswire
Feb. 12 - New Zealand’s high exposure to developing Asian economies and Australia bodes well for the speed of economic recovery, says Reserve Bank Deputy Governor Grant Spencer. More >>
Fletcher half-year profit tumbles
Thursday, 12 February 2009, 11:02 am | Businesswire
By Paul McBeth Feb. 12 – Fletcher Building Ltd., New Zealand’s largest construction company, posted a 27% drop in its half-year profit as the group’s operations suffered from greater exposure to the global economic slowdown. Earnings fell to NZ$172 million, ... More >>
NZ dollar may head lower
Thursday, 12 February 2009, 10:57 am | Businesswire
By Paul McBeth Feb. 12 – The New Zealand dollar was little changed and may head lower as investors eschew risk amid concern U.S. fiscal stimulus and bank rescue plans won’t be enough to revive the global economy. More >>
NZ shares fall; Michael Hill, F&P Appliances slide
Wednesday, 11 February 2009, 10:15 pm | Businesswire
Feb. 11 – New Zealand shares fell after a report showed a slump in Australian consumer confidence, weighing on companies with revenue across the Tasman, such as jewellery chain Michael Hill International. More >>
Commonwealth Bank may trim dividends on bad debts
Wednesday, 11 February 2009, 5:28 pm | Businesswire
Australian consumer confidence tumbles
Wednesday, 11 February 2009, 5:27 pm | Businesswire
Feb. 11 – Australian consumer sentiment dropped this month, suggesting interest rate cuts and fiscal stimulus plans haven’t yet made up for a rising jobless rate and weak housing market. More >>
MARKET CLOSE: NZ stocks dip as auto deal falters
Sunday, 14 December 2008, 8:11 pm | Businesswire
Dec. 12 – New Zealand shares ended the session lower as news broke that the U.S. Congress had failed to reach a compromise on the US$14 billion rescue package for the U.S. automakers. Stocks tumbled across Asia. More >>
