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Businesswire - Latest News [Page 34]
Southern Cross Medical claims surge unsustainable
Wednesday, 15 September 2010, 9:53 am | Businesswire
Sept. 15 (BusinessDesk) – Southern Cross Medical Care Society reported a $7.1 million deficit after dipping into its reserves to help cope with a 7% rise in health-care claims and said its payout ration is “unsustainable.” More >>
NZ dollar nears 8-month high on Fed stimulus talk
Wednesday, 15 September 2010, 9:18 am | Businesswire
Sept. 15 (BusinessDesk) - The New Zealand dollar rose to near an eight-month high on speculation the U.S. Federal Reserve will buy more Treasuries and mortgage-backed securities, increasing its quantitative easing measures. More >>
Stocks to watch: AIA, ECO, FBU, MHI, NZX, PRC
Wednesday, 15 September 2010, 8:50 am | Businesswire
Sept. 15 (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 >>
While you were sleeping: U.S. consumers spend
Wednesday, 15 September 2010, 7:13 am | Businesswire
September 15 (BusinessDesk) - American consumers gave investors another reason to be optimistic that the world’s biggest economy would avoid a double-dip recession, though markets overall were mixed after rallying a day earlier. More >>
MARKET CLOSE: NZ stocks rise on quake, China
Tuesday, 14 September 2010, 6:05 pm | Businesswire
Sept. 14 (BusinessDesk) – New Zealand stocks rose for a third session, with Fletcher Building Ltd. reaching a five-month high on expected demand after Canterbury’s quake and as upbeat economic data from China helped stoke investors appetite for ... More >>
Receiver coy on Crown’s return from Mutual Finance
Tuesday, 14 September 2010, 3:42 pm | Businesswire
Sept. 14 (BusinessDesk) – The receivers of failed minnow lender Mutual Finance Ltd. say three months into the process they still can’t say how much the government will get back under the retail deposit guarantee. More >>
Pike River taps mine manager Whittall as CEO
Tuesday, 14 September 2010, 3:34 pm | Businesswire
Sept. 14 (BusinessDesk) – Pike River Coal Ltd. has wasted no time in finding a replacement for long-serving chief executive Gordon Ward, announcing the promotion of mine manager Peter Whittall. More >>
FMA securities law reforms go to Parliament
Tuesday, 14 September 2010, 2:33 pm | Businesswire
Sept. 14 (BusinessDesk) – Commerce Minister Simon Power has introduced several bills to Parliament today in his bid to tighten up financial market regulation after the finance company sector collapse over the past few years. More >>
UPDATED: Ecoya completes $4.7M placement
Tuesday, 14 September 2010, 12:38 pm | Businesswire
Sept. 14 (BusinessDesk) – Ecoya Ltd., the scented candle company, has completed its placement of 6.3 million shares, worth $4.75 million, to partially fund its acquisition of cosmetics company Trilogy Natural Products Ltd. More >>
Orion, cashed-up would-be miner, posts wider loss
Tuesday, 14 September 2010, 12:03 pm | Businesswire
Orion Minerals Group, the NZAX-listed company formed from a shell to invest in mining in South America, posted a wider full-year loss after ceding its interest in a Chilean iron ore prospect. More >>
NZ retail sales ease in July
Tuesday, 14 September 2010, 11:45 am | Businesswire
Sept. 14 (BusinessDesk) - New Zealand retail sales dropped in July as people spent less on recreational goods, motor vehicles, and alcohol, while lifting expenditure on groceries. More >>
Michael Hill’s family quits plan to take control
Tuesday, 14 September 2010, 11:16 am | Businesswire
Michael Hill’s family quits plan to take controlling stake in jeweller after talk with regulator More >>
NZ August house sales slump to near 2008 trough
Tuesday, 14 September 2010, 11:00 am | Businesswire
Sept. 14 (BusinessDesk) – New Zealand’s residential property sales slumped by more than a quarter in August, with the volume near the depths of its trough two years ago. More >>
Ecoya raises $4.7M selling stock at discount
Tuesday, 14 September 2010, 10:54 am | Businesswire
Sept. 14 (BusinessDesk) – Ecoya Ltd., the scented candle company, has completed its placement of 6.3 million shares, worth $4.75 million, to partially fund its acquisition of cosmetics company Trilogy Natural products Ltd. More >>
Stocks to watch: ECO, IRG, NZS, SAT, TEL, VCT
Tuesday, 14 September 2010, 9:27 am | Businesswire
Sept. 14 (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 >>
NZ dollar extends gain before retail, housing data
Tuesday, 14 September 2010, 9:05 am | Businesswire
Sept. 14 (BusinessDesk) – The New Zealand dollar extended its gains ahead of local housing and consumer spending data today, after offshore markets continued to rally on upbeat Chinese data and Basel III summit over the weekend. More >>
While you were sleeping: Optimism rises for a day
Tuesday, 14 September 2010, 7:04 am | Businesswire
September 14 (BusinessDesk) - After months of uncertain economic data and increasingly dire comments, the sun is suddenly shining again and the bulls are back. More >>
IRG in talks with bank over covenant breach
Monday, 13 September 2010, 6:29 pm | Businesswire
Sept. 13 (BusinessWire) - Investment Research Group, the financial services company whose shares were suspended in June, is in talks with its bank over a breach of lending covenants. More >>
Two more Hubbard trusts in statutory management
Monday, 13 September 2010, 6:05 pm | Businesswire
Sept. 13 (BusinessDesk) - The government has today placed two more trusts established by South Canterbury Finance’s Allan Hubbard into statutory management, Commerce Minister Simon Power has announced. They are Temple Bar Family Trust and Barns Charitable ... More >>
MARKET CLOSE: NZ shares gain, paced by GMT, FPA
Monday, 13 September 2010, 5:53 pm | Businesswire
Sept. 13 (BusinessDesk) – New Zealand stock rose for a second session, as investor appetite for risk was bolstered on higher-than-expected wholesale inventories in the U.S. and a faster improvement in China’s industrial output. Goodman Property ... More >>
