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Businesswire - Latest News [Page 27]
Hyatt sale goes a ‘long way’ to reducing SCF exposure
Wednesday, 24 November 2010, 6:12 pm | Businesswire
Nov. 24 (BusinessDesk) – The sale of the Auckland Hyatt Regency Hotel has gone a “long way” towards covering the $42.3 million owed to failed lender South Canterbury Finance Ltd. More >>
MARKET CLOSE: NZ stocks rise; NZOG pares gain
Wednesday, 24 November 2010, 5:59 pm | Businesswire
MARKET CLOSE: New Zealand stocks rise; NZOG pares gain as second blast rocks Pike mine More >>
Return to fiscal surpluses will lift savings: RBNZ
Wednesday, 24 November 2010, 5:15 pm | Businesswire
Nov. 24 (BusinessDesk) – Returning to fiscal surpluses is the single most effective way the government could contribute to New Zealand’s national savings rate over the next five years, the Reserve Bank says. More >>
While you were sleeping: Korean tension hurt stocks
Wednesday, 24 November 2010, 7:16 am | Businesswire
November 24 (BusinessDesk) - Equities on Wall Street and in Europe dropped as tension between North Korea and South Korea escalated while concerns about debt-related troubles in the euro zone failed to fade away. U.S. Treasuries rose. More >>
While you were sleeping: Euro-zone troubles linger
Tuesday, 23 November 2010, 7:40 am | Businesswire
November 23 (BusinessDesk) - Equities on Wall Street and in Europe fell as Ireland’s bailout failed to stem concern about the single currency-zone's financial crisis. More >>
World Week Ahead: Dancing a jig
Monday, 22 November 2010, 8:24 am | Businesswire
November 22 (BusinessDesk) - The fiddler's cadence has accelerated and the dancer's feet have responded in kind - and another round of Guinness is being drawn. More >>
While you were sleeping: Optimism prevails
Friday, 19 November 2010, 7:01 am | Businesswire
November 19 (BusinessDesk) - Stocks on Wall Street and in Europe extended yesterday’s gains amid expectations Ireland was edging towards accepting financial help for its debt woes. More >>
MARKET CLOSE: NZ stocks fall; Freightways leads decliners
Thursday, 18 November 2010, 6:08 pm | Businesswire
Nov.18 (BusinessDesk) – New Zealand stocks fell for a third session, as a recent spate of cautious outlook statements from companies cooled investor appetite for equities. Transport and infrastructure stocks led the bourse lower, with Freightways ... More >>
MARKET CLOSE: NZ shares join global slide
Wednesday, 17 November 2010, 6:00 pm | Businesswire
Nov. 17 (BusinessDesk) – New Zealand stocks fell for a second day, as investor risk appetite waned on concerns over Europe’s sovereign debt and policy tightening in China continued to stalk global markets. Pyne Gould Corp. paced decliners, while ... More >>
CBS, eyeing merger, posts loss
Wednesday, 17 November 2010, 5:34 pm | Businesswire
Nov. 17 (BusinessDesk) - Canterbury Building Society posted a first-half loss, on one-time costs for merger deliberations, funding changes and tax, and urged shareholders to support its tie-up with Marac and Southern Cross Building Society. More >>
Dorchester posts 1H profit on fair value change
Wednesday, 17 November 2010, 5:00 pm | Businesswire
Nov. 17 (BusinessDesk) - Dorchester Pacific Ltd., which kept receivers at bay by convincing investors to swap their debt securities for a grab-bag of new securities, posted a first-half profit after making fair-value adjustments. More >>
While you were sleeping: Stocks drop on Ireland
Wednesday, 17 November 2010, 7:38 am | Businesswire
November 17 (BusinessDesk) - Equities on Wall Street and in Europe dropped on concern about the risk Ireland’s debt problems posed to the euro zone as the country was discussing a potential bailout with European Union officials. More >>
While you were sleeping: Takeovers lift stocks
Tuesday, 16 November 2010, 7:45 am | Businesswire
November 16 (BusinessDesk) - Equities on Wall Street and Europe advanced as plenty of takeover talk and action bolstered optimism among investors amid signs that the U.S. economic recovery might be gaining traction. More >>
NZ to spend “some millions” to kiwifruit canker
Monday, 15 November 2010, 6:13 pm | Businesswire
Nov. 15 (BusinessDesk) – Completely eradicating the recently discovered kiwifruit canker, Psa, looks increasingly unlikely, although the government expects it will need to commit “some millions of dollars” to what Agriculture Minister David ... More >>
Key willing to meet on NZX’s concerns
Monday, 15 November 2010, 6:07 pm | Businesswire
Nov. 15 (BusinessDesk) – Prime Minister John Key says he is willing to meet with NZX Ltd. chief executive Mark Weldon over his concerns that the Financial Markets Authority’s powers could seriously disadvantage the local exchange over foreign ... More >>
MARKET CLOSE: NZ stocks rise; AMP leads gainers
Monday, 15 November 2010, 6:05 pm | Businesswire
(BusinessDesk) – New Zealand stocks rose, led by AMP Ltd., after it teamed with AXA SA to make a new takeover offer for Australia’s AXA Asia Pacific Ltd. More >>
While you were sleeping: Cisco sinks market
Friday, 12 November 2010, 7:40 am | Businesswire
November 12 (BusinessDesk) - A profit forecast by Cisco Systems Inc that fell short of analysts’ estimates sent shares of the world's top manufacturer of routers and switches plunging, dragging other technology stocks on Wall Street lower. More >>
'Lean' Hellaby predicts strong rebound
Thursday, 11 November 2010, 6:15 pm | Businesswire
Nov. 11 (BusinessDesk) – Hellaby Holdings, the diversified investment group, expects to get ‘disproportionate’ gains when the economy picks up after streamlining its divisions. The Auckland based company lifted first-quarter sales 2.4% in the ... More >>
MARKET CLOSE: NZ stocks fall on muted outlook
Thursday, 11 November 2010, 6:09 pm | Businesswire
Nov. 11 (BusinessDesk) – New Zealand stocks fell for the first time in three sessions after weaker housing data and muted earnings outlooks from local companies. PGG Wrightson Ltd. paced decliners, while Warehouse Group rose. More >>
Vodafone loses 35,000 NZ customers in 2Q
Thursday, 11 November 2010, 4:52 pm | Businesswire
Nov. 11 (BusinessDesk) – Vodafone New Zealand Ltd., the country’s biggest mobile phone operator, lost 35,000 customers in the second quarter. More >>
