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Businesswire - Latest News [Page 41]
Keep South Canterbury in perspective: NZIER
Tuesday, 31 August 2010, 2:28 pm | Businesswire
Aug. 31 (BusinessDesk) – The biggest danger from the South Canterbury Finance receivership is overblowing its importance to the wider economy, sparking an unnecessary impact on consumer and business confidence, says the New Zealand Institute of Economic Research’s ... More >>
UPDATED: NZ home building consents slip in July
Tuesday, 31 August 2010, 1:09 pm | Businesswire
Aug. 31 (BusinessDesk) – New Zealand’s residential property sector has slipped in July after edging into positive figures in the previous month, while commercial property development continued its precipitous decline. More >>
South Canterbury needed up to $300 mln to survive
Tuesday, 31 August 2010, 1:05 pm | Businesswire
Aug 31 (BusinessDesk) - South Canterbury Finance Ltd. couldn’t agree on the terms and conditions with three groups that were willing to stump up cash to keep the country’s second-biggest finance company alive. More >>
South Canterbury bond speculators reap fat reward
Tuesday, 31 August 2010, 12:44 pm | Businesswire
Aug. 31 (BusinessDesk) – Bargain hunters who bet against South Canterbury Finance in the NZX debt market will be rubbing their hands with glee today with the guarantee covering the failed financier’s listed bonds plus interest. More >>
Waikato drought hits MightyRiver earnings
Tuesday, 31 August 2010, 11:39 am | Businesswire
Aug. 31 (BusinessDesk) – State-owned electricity generator and retailer MightyRiverPower Ltd. reported substantially reduced earnings in the year to June 30, with underlying earnings falling 34% to $139.6 million, compared with a record $211.7 million last ... More >>
NZ home building consents slip in July
Tuesday, 31 August 2010, 11:32 am | Businesswire
Aug. 31 (BusinessDesk) - New Zealand’s residential property sector has slipped in July after edging into positive figures in the previous month, while commercial property development continued its precipitous decline. More >>
ANZ National boss steps down for cancer treatment
Tuesday, 31 August 2010, 11:09 am | Businesswire
August 31 (BusinessDesk) – The ANZ National Bank chief executive Jenny Fagg is to step down immediately from the role to undergo cancer treatment. More >>
SCF receivership triggers $1.6B Crown payment
Tuesday, 31 August 2010, 11:01 am | Businesswire
Aug. 31 (BusinessDesk) – South Canterbury Finance Ltd., New Zealand’s second-biggest finance company, was put in receivership after failing to find new capital, triggering a $1.6 billion payment under the government guarantee. More >>
South Canterbury Finance calls in receiver
Tuesday, 31 August 2010, 9:50 am | Businesswire
Aug. 31 (BusinessDesk) – South Canterbury Finance Ltd. has asked its trustee to appoint a receiver after failing to pull together a rescue deal. More >>
Genesis Research narrows loss, UBNZ eyes stake
Tuesday, 31 August 2010, 9:32 am | Businesswire
Aug. 31 (BusinessDesk) – Genesis Research and Development Corp., which was forced to halt its New Zealand operation last year after running out of cash, narrowed its loss, and may get another cash injection from new cornerstone investor, May Wang. More >>
Stocks to watch: ALF, GEN, MGL, PPL, PGC, SVY, SKC
Tuesday, 31 August 2010, 9:27 am | Businesswire
Aug. 31 (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: Wall Street sinks, yen up
Tuesday, 31 August 2010, 9:22 am | Businesswire
Aug. 31 (BusinessDesk) – Stocks on Wall Street fell, with the Standard & Poor’s 500 Index heading for a decline of almost 5% this month, after government figures showed personal incomes rose less than expected. More >>
Stronger recovery still two years away, says NZIER
Tuesday, 31 August 2010, 9:07 am | Businesswire
Aug. 31 (BusinessDesk) – The New Zealand economy will get weaker over election year, 2011, before bouncing back to annual growth near 3% in 2012, says the New Zealand Institute of Economic Research in its latest quarterly predictions, released this ... More >>
NZ dollar falls as SCF deadline arrives
Tuesday, 31 August 2010, 9:02 am | Businesswire
Aug. 31 (BusinessDesk) – The New Zealand dollar fell as the deadline arrives for South Canterbury Finance Ltd., which is trying to stave off a collapse which would cost the government some $600 million. More >>
MARKET CLOSE: NZ stocks rise on offshore sentiment
Monday, 30 August 2010, 5:50 pm | Businesswire
Aug. 30 (BusinessDesk) – New Zealand stocks rose for the third time in four sessions, following positive sentiment from offshore markets on the back of mildly more positive U.S. GDP data. Australian listed stocks AMP Ltd., Goodman Fielder Ltd., and Westpac ... More >>
Govt liability for South Canterbury is $600M: Key
Monday, 30 August 2010, 5:01 pm | Businesswire
Aug. 30 (BusinessDesk) – The Crown’s net liability for South Canterbury Finance is about $600 million though the Cabinet is considering other options should the firm fail, Prime Minister John Key says. More >>
SFO to keep probing Hubbard vehicles
Monday, 30 August 2010, 3:45 pm | Businesswire
Aug. 30 (BusinessDesk) – The Serious Fraud Office will continue to probe Allan Hubbard’s investment vehicles after completing its preliminary report into Aorangi Securities Ltd. More >>
NZ business confidence continues to ebb
Monday, 30 August 2010, 3:39 pm | Businesswire
Aug. 30 (BusinessDesk) – New Zealand business confidence continued to ebb this month, with fewer firms expecting to hire workers, invest more or earn more, according to the National Bank Business Outlook. More >>
Allied Farmers gains extension for filing results
Monday, 30 August 2010, 3:06 pm | Businesswire
Aug. 30 (BusinessDesk) – Allied Farmers Ltd. has gained a two-week extension on filing its annual results after the firm’s Allied Nationwide finance arm was put in receivership. More >>
NZ Dollar Outlook: Kiwi supported at 70 US cts
Monday, 30 August 2010, 2:31 pm | Businesswire
The New Zealand dollar is finding support at 70 U.S. cents after U.S. Federal Reserve chairman Ben Bernanke stoked investors’ appetite for risk on Friday by saying he would stand by the U.S. economy and print more money if need be. More >>
