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Businesswire - Latest News [Page 33]
NZ manufacturing slips further in August
Thursday, 16 September 2010, 11:29 am | Businesswire
Sept. 16 (BusinessDesk) – New Zealand’s manufacturing new orders slipped to their lowest level in 15-months as the sector continued to lose momentum amid a patchy economic recovery. More >>
Debt dealer fined for not reporting 179 sales
Thursday, 16 September 2010, 10:49 am | Businesswire
Sept. 16 (BusinessDesk) - A dealer has been taken to task by the NZ Markets Disciplinary Tribunal after failing to report 179 sales of debt securities on the NZX Debt Market. More >>
NZX listing mooted for new ‘kiwi’ bank
Thursday, 16 September 2010, 10:15 am | Businesswire
Sept. 16 (BusinessDesk) – New Zealanders will have a new, locally owned bank to invest in by February next year, through the proposed NZX listing of a merger between Pyne Gould Corp., its finance subsidiary Marac, and the Canterbury and Southern Cross ... More >>
UPDATED: Bollard sees moderate path for rates
Thursday, 16 September 2010, 10:12 am | Businesswire
Sept. 16 (BusinessDesk) – Reserve Bank Governor Alan Bollard held the official cash rate at 3% and pared back his track of interest rate hikes, sparking a decline in government bond yields and the kiwi dollar. More >>
NZ dollar drops as Bollard trims rate hike outlook
Thursday, 16 September 2010, 9:48 am | Businesswire
Sept. 16 (BusinessDesk) - The New Zealand dollar fell almost half a U.S. cent after the Reserve Bank left the official cash rate unchanged at 3% and said further rate hikes would be more moderate than previously flagged as Canterbury’s earthquake ... More >>
Stocks to watch: AMP, CAV, FPA, OGC, PGC, TWR
Thursday, 16 September 2010, 9:31 am | Businesswire
Sept. 16 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
Christchurch quake leaves NZ worse off, RBNZ says
Thursday, 16 September 2010, 9:15 am | Businesswire
Sept. 16 (BusinessDesk) – The Reserve Bank says New Zealand is “worse off” as a result of the 7.1 magnitude earthquake in Christchurch, repeating the Treasury’s warning over earthquake-related growth. More >>
Bollard holds OCR at 3% on tepid recovery, quake
Thursday, 16 September 2010, 9:12 am | Businesswire
Sept. 16 (BusinessDesk) – Reserve Bank Governor Alan Bollard held the official cash rate at 3%, as expected, and said the track for future rate hikes will be “more moderate” than previous forecasts as the Christchurch earthquake disrupts an already ... More >>
Fonterra milk powder prices edge up 1.9%
Thursday, 16 September 2010, 7:48 am | Businesswire
Sept. 15 (BusinessDesk) – Prices rose 1.9% at Fonterra Cooperative Group’s latest online auction of milk powder, adding to a surge at the previous sale and providing more certainty on forecast payments to farmers. More >>
While you were sleeping: Japan finally intervenes
Thursday, 16 September 2010, 7:02 am | Businesswire
September 16 (BusinessDesk) - After months of speculation, the Bank of Japan has spent as much as US$20 billion to weaken the yen and to ward off the threat of slowing the country’s exports. More >>
SMELLIE SNIFFS THE BREEZE: UFB’s ratty odour
Wednesday, 15 September 2010, 10:46 pm | Businesswire
Sept. 15 (BusinessDesk) – Forgive me if I’m wrong, and I’m sure I’m not the only one trying to second-guess the ultra-fast broadband saga. More >>
NZ stocks edge lower as Fletcher rally ends
Wednesday, 15 September 2010, 6:07 pm | Businesswire
Sept. 15 (BusinessDesk) - New Zealand stock fell for the first time in four sessions as profit taking set in on Fletcher Building Ltd. after the stock touched a five-month high yesterday. More >>
NZX plays down Open Country futures complaint
Wednesday, 15 September 2010, 3:41 pm | Businesswire
Sept. 15 (BusinessDesk) – NZX Ltd., which is launching dairy futures trading next month, has played down the significance of a complaint that Fonterra Cooperative Group will be able to influence derivative prices. More >>
Tower, ANZ bury hatchet over policyholder stoush
Wednesday, 15 September 2010, 3:11 pm | Businesswire
Sept. 15 (BusinessDesk) – Tower Ltd., the insurer controlled by Guinness Peat Group, will have to compete with Vero Insurance New Zealand Ltd. for ANZ National Bank Ltd.’s policyholders after they agreed to end an 18-month dispute. More >>
NZ dollar jumps 1.8% vs yen as Japan intervenes
Wednesday, 15 September 2010, 3:06 pm | Businesswire
NZ dollar jumps 1.8% vs yen as Japan intervenes to drive down its currency More >>
ACT MP took dead baby’s identity for fake passport
Wednesday, 15 September 2010, 3:04 pm | Businesswire
ACT MP took dead baby’s identity for fake passport, says it was a ‘prank’ More >>
CRIs, universities fail to deliver deals
Wednesday, 15 September 2010, 12:48 pm | Businesswire
Sept. 15 (BusinessDesk) – The number of deals put forward from publically funded research is low, yet represents a quarter of all New Zealand Venture Investment Fund punts, according to the Ministry of Economic Development. More >>
NAB exit leaves door open for AXA suitors
Wednesday, 15 September 2010, 12:40 pm | Businesswire
Sept. 15 (BusinessDesk) – National Australia Bank Ltd.’s decision to scrap its AS$13.3 billion bid for Axa Asia Pacific Holdings after antitrust authorities blocked the deal has opened the door for other suitors to make a bid for the wealth manager. More >>
NZ card spending shows no sign of pre-GST rush
Wednesday, 15 September 2010, 11:33 am | Businesswire
Sept. 15 (BusinessDesk) - New Zealand spending on debit and credit cards rose marginally in August, propped up by increased non-retail items, with little sign of a flood of consumer spending ahead of the October GST increase. More >>
Telecom split still leaves a network monopoly: MED
Wednesday, 15 September 2010, 10:10 am | Businesswire
Sept. 15 (BusinessDesk) – Telecom Corp.’s proposal to carve out its network business in a bid to tap the government’s ultra-fast broadband fund will still leave a network monopoly, according to the Ministry of Economic Development. More >>
