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Businesswire - Latest News [Page 52]
Tuatara-1 well looks dry
Thursday, 12 August 2010, 1:56 pm | Businesswire
Aug. 12 (BusinessDesk) – The wildcat Tuatara-1 oil exploration well off D’Urville Island has almost reached its total depth without further shows of hydrocarbons, AWE Ltd., the well operator, reported to the NZX this morning. More >>
RBNZ may keep OCR on hold this year, Deutsche says
Thursday, 12 August 2010, 1:51 pm | Businesswire
NZ’s Bollard may keep interest rates on hold for rest of year, says Deutsche’s Gibbs More >>
Steel & Tube profit sinks 78%, missing forecast
Thursday, 12 August 2010, 1:29 pm | Businesswire
Aug. 12 (BusinessDesk) – Steel & Tube Holdings, which supplies steel products to the construction industry, posted a 78% slump in full-year profit as a lacklustre construction sector weighed on demand. More >>
Kiwi Income well placed for retail recovery
Thursday, 12 August 2010, 12:45 pm | Businesswire
August 12 (BusinessDesk) – Kiwi Income Property Trust, the diversified office and retail property investor, told investors today that it is well positioned to capitalise on New Zealand’s recovery - when it happens. More >>
TelstraClear earnings fall 1.3%
Thursday, 12 August 2010, 12:21 pm | Businesswire
Aug. 12 (BusinessDesk) – TelstraClear Ltd., the New Zealand unit of Telstra Corp., posted weaker annual earnings, mirroring the tough environment the Australian company faced across the Tasman. More >>
Power to close takeovers-by-amalgamation loophole
Thursday, 12 August 2010, 12:11 pm | Businesswire
Aug. 12 (BusinessDesk) – Commerce Minister Simon Power will shut a controversial loophole in takeovers law that was used in 2006 by Waste Management NZ and Transpacific Industries. More >>
NZ manufacturing’s charge hits a wall
Thursday, 12 August 2010, 11:28 am | Businesswire
Aug. 12 (BusinessDesk) – Manufacturing new orders have taken a steep dive in July dropping almost 10 index points from June, further indicating bumps ahead in New Zealand’s economic recovery. More >>
NZ food prices rose in July, led by dairy
Thursday, 12 August 2010, 11:17 am | Businesswire
Aug. 12 (BusinessDesk) – Surging dairy prices have filtered into the local market with a 5.9% increase in the price of fresh milk combining with high prices for fruit and vegetables to take the price of food higher last month. More >>
Wrightson Finance bondholders approve extension
Thursday, 12 August 2010, 11:04 am | Businesswire
August 12 (BusinessDesk) - PGG Wrightson Finance said bondholders have approved an amendment to its trust deed extending the term of its October 2010 bonds by 12 months. More >>
A2 Corp. appoints Babidge as managing director
Thursday, 12 August 2010, 10:42 am | Businesswire
Aug 12 (BusinessDesk) – A2 Corp., the producer of A2 dairy products in New Zealand and Australia, has appointed Geoffrey Babidge as managing director, effective next month. More >>
Allied Nationwide rating cut to ‘CC’ by S&P
Thursday, 12 August 2010, 10:30 am | Businesswire
August 12 (BusinessDesk) – Allied Nationwide Finance had its credit rating cut to `CC’ from ‘B’ by Standard & Poor’s after withdrawing a prospectus, a rating that means it is “highly vulnerable’ to default. More >>
Stocks to watch: Diligent, Downer, GMT, IFT, STU
Thursday, 12 August 2010, 9:34 am | Businesswire
August 12 (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 falls to 3-week low on weak US outlook
Thursday, 12 August 2010, 9:13 am | Businesswire
Aug. 12 (BusinessDesk) – The New Zealand dollar dropped to a three-week low as stocks on Wall Street plunged in response to the Federal Reserve’s dim outlook for the American economy rattled investors’ nerves. More >>
While you were sleeping: Heading for the exit
Thursday, 12 August 2010, 7:34 am | Businesswire
August 12 (BusinessDesk) - Stocks dropped as investors deployed the emergency chute and slid out of equity markets worldwide following the Federal Reserve’s downgrade of the U.S. economic recovery. More >>
SMELLIE SNIFFS THE BREEZE: Our value to China
Thursday, 12 August 2010, 12:07 am | Businesswire
by Pattrick Smellie Aug. 11 (BusinessDesk) – Not for the last time, Fonterra has had to deal with a food safety crisis in China. More >>
IRD favours depreciation for commercial fit-outs
Wednesday, 11 August 2010, 6:32 pm | Businesswire
Aug. 11 (BusinessDesk) – Hoteliers, retailers and commercial office interior decorators look likely to get the reprieve they were looking for from new depreciation rules they feared would drastically raise the cost of maintaining modern premises. However, ... More >>
MARKET CLOSE: ASX drags NZX down
Wednesday, 11 August 2010, 6:20 pm | Businesswire
by Jason Krupp Aug 11 (BusinessDesk) – New Zealand stocks fell for their second session in a row, following the Australian market lower as financial stocks dragged the market into negative territory. Dual-listed finance companies AMP Ltd. and Westpac ... More >>
DNZ listing beats Unlisted price at 97 cents
Wednesday, 11 August 2010, 4:45 pm | Businesswire
Aug. 11 (BusinessDesk) – DNZ Property Fund Ltd. will list at 97 cents on the NZX next Monday, beating its closing price on the Unlisted exchange. More >>
SCF and Securities Commission step on Whimp
Wednesday, 11 August 2010, 1:59 pm | Businesswire
by Paul McBeth Aug. 11 (BusinessDesk) – DNZ Property Fund shareholders and South Canterbury Finance debenture-holders need to be on the look-out for low-ball offers from entities connected to banned company director Bernard Whimp. More >>
Infratil gains confidence on earnings outlook
Wednesday, 11 August 2010, 1:01 pm | Businesswire
Aug. 11 (BusinessDesk) – Infratil Ltd. is growing increasingly confident about its guidance for full year operating earnings of between $390 million and $430 million, chief executive Marko Bogoievski told shareholders at the company’s annual meeting ... More >>
