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Businesswire - Latest News [Page 35]
Satara posts first-half loss on lower volumes
Monday, 13 September 2010, 5:07 pm | Businesswire
Sept. 13 (BusinessDesk) – Satara Co-operative Group Ltd., New Zealand’s biggest kiwifruit and avocado group, posted a first-half loss, reflecting smaller crops and the impact of tax changes to depreciation. More >>
Treasury talks down economic benefit of Chch quake
Monday, 13 September 2010, 3:59 pm | Businesswire
Sept. 13 (BusinessDesk) – Any economic benefits derived the 7.1 magnitude earthquake in Christchurch earlier this month doesn’t negate the destruction of wealth caused by the natural disaster, the Treasury says. More >>
NZ Dollar Outlook: Kiwi near the top of range
Monday, 13 September 2010, 1:16 pm | Businesswire
Sept. 13 (BusinessDesk) – The New Zealand dollar is near the top of its six-month range ahead of Thursday’s monetary policy statement, and will probably hold around its current level this week. More >>
Overseas visitors boost hotel guest nights in July
Monday, 13 September 2010, 12:00 pm | Businesswire
Sept. 13(BusinessDesk) – New Zealand’s hotels recorded a 4% increase in overnight stays in July, boosted by more international visitors to the Otago and Bay of Plenty regions. More >>
WEEKLY SPORTS DIGEST: Trans-Tasman Heartbreakers
Monday, 13 September 2010, 11:19 am | Businesswire
13/09/10 Executive sport summary – An overview of the major sporting events – Results, key moments and talking points – Everything you need to know to foot it at the water cooler this week. More >>
Hisco named CEO of ANZ National, replacing Fagg
Monday, 13 September 2010, 10:46 am | Businesswire
Sept. 13 (BusinessDesk) - ANZ National Bank, New Zealand’s largest lender, named David Hisco as chief executive, replacing Jenny Fagg, who stood down to concentrate on battling cancer. More >>
Ecoya shares halted for share placement
Monday, 13 September 2010, 10:32 am | Businesswire
Sept. 13 (BusinessDesk) – Ecoya Ltd., the scented candle company which recently acquired cosmetics company Trilogy in a deal worth $20 million, had its stock halted from trading ahead of a bookbuild for a share placement. More >>
NZ dollar climbs over 73 US cts
Monday, 13 September 2010, 9:30 am | Businesswire
Sept. 13 (BusinessDesk) – The New Zealand dollar climbed over 73 U.S. cents for the first time in a month amid signs China’s economic growth is stabilising, while bank regulators weren’t as tough on lenders with new prudential requirements. More >>
Stocks to watch: AIR, ALF, DGL, ECO, NZS, PRC
Monday, 13 September 2010, 9:12 am | Businesswire
Sept. 13 (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 >>
World Week Ahead: Risk aversion remains high
Monday, 13 September 2010, 7:48 am | Businesswire
September 13 (BusinessDesk) - Faster than expected industrial output and strong new lending in China as well as a surge in American wholesale inventories are bolstering optimism that the global economic recovery is intact. More >>
Bollard may take pause from rate hikes this week
Monday, 13 September 2010, 7:45 am | Businesswire
Sept. 13 (BusinessDesk) – Reserve Bank Governor Alan Bollard will take a pause from raising interest rates this week to assess the pace of the global economy, the flow-on effects from Canterbury’s earthquake and the failure of South Canterbury ... More >>
MARKET CLOSE: NZ stocks rise on offshore sentiment
Friday, 10 September 2010, 6:03 pm | Businesswire
Sept. 10 (BusinessDesk) – New Zealand stocks rose for the first time in three sessions, as positive sentiment from Asian markets helped investors shrug off mixed results from retailers Warehouse Group and Briscoe Group. More >>
Allied Farmers loss doubles on finance unit
Friday, 10 September 2010, 5:39 pm | Businesswire
Sept. 10 (BusinessDesk) – Allied Farmers Ltd. more than doubled its loss this year after taking a $40.1 million hit on its failed finance unit and writing off another $20.2 million on the distressed Hanover and United loan books. More >>
Ex-Tip Top MD to lead NZS through Olam takeover
Friday, 10 September 2010, 2:34 pm | Businesswire
Sept. (BusinessDesk) – Former Fonterra executive Alastair de Raadt will lead NZ Farming Systems Uruguay Ltd. through the internalisation of its management contract. More >>
Briscoe boosts 1H profit, flags lower margins
Friday, 10 September 2010, 1:41 pm | Businesswire
Sept. 10 (BusinessDesk) – Briscoe Group boosted its first-half profit 1.8% in the first-half of the year, though it’s facing tighter margins through the rest of 2010 as it looks to shore up its market share. More >>
ACCC turns down Air NZ, Virgin Blue alliance
Friday, 10 September 2010, 12:40 pm | Businesswire
Sept. 10 (BusinessDesk) – Australia’s antitrust regulator has knocked back a bid from Air New Zealand Ltd. and Virgin Blue to forge an alliance on trans-Tasman routes. More >>
Pike River’s CEO Ward steps down, shares fall
Friday, 10 September 2010, 12:29 pm | Businesswire
Sept. 10 (BusinessDesk) – Pike River Coal Ltd., the company developing a coal mine on the West Coast, will lose its chief executive from next month. The shares fell 1.8% to $1.08. More >>
NZ terms of trade rose 2.1% in second quarter
Friday, 10 September 2010, 11:37 am | Businesswire
Sept. 10 (BusinessDesk) – New Zealand’s terms of trade rose less than expected in the second quarter, as prices rose for exports such as dairy products, logs and meat, outpacing gains in imports. More >>
SCF customers’ credit lines safe: receivers
Friday, 10 September 2010, 11:19 am | Businesswire
Sept. 10 (BusinessDesk) – Receivers for the failed South Canterbury Finance Ltd. moved to reassure the company’s borrowers that their funding support is confirmed as long as they “meet the SCF Group’s lending criteria.” More >>
Allied Farmers settles Five Mile sale, repays debt
Friday, 10 September 2010, 11:02 am | Businesswire
Sept. 10 (BusinessDesk) – Allied Farmers Ltd. settled the sale of its Five Mile property near Queenstown Airport earlier than expected, helping reduce term debt. More >>
