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Businesswire - Latest News [Page 59]
Wellington Drive gains German certification
Thursday, 29 July 2010, 4:00 pm | Businesswire
July 29 (BusinessDesk) – Wellington Drive Technologies Ltd., the North Shore-based manufacturer of highly efficient electric motors, has won an international endorsement from leading German testing authority, the VDE Institute. More >>
Ryman looks at Australian expansion
Thursday, 29 July 2010, 3:55 pm | Businesswire
July 29 (BusinessDesk) – Ryman Healthcare, the Christchurch-headquartered aged care operator, is looking for a suitable site for its first Australian village, shareholders were told at today’s annual general meeting. More >>
Endace wins $4.4M R&D grant
Thursday, 29 July 2010, 3:47 pm | Businesswire
July 29 (BusinessDesk) – Endace Ltd., the Auckland-based global marketer and seller of internet security technology products, gained a $4.44 million investment grant through TechNZ to accelerate its development program. More >>
IiNet halted amid talk it will buy part of AAPT
Thursday, 29 July 2010, 3:42 pm | Businesswire
July 29 (BusinessDesk) – Shares of iiNet Ltd. were halted pending an announcement amid reports it is poised to buy the consumer business of Telecom Corp.’s underperforming AAPT unit. More >>
Auckland Airport gains more Jetstar flights
Thursday, 29 July 2010, 12:44 pm | Businesswire
July 29 (BusinessDesk) – Auckland International Airport Ltd. has announced that Qantas subsidiary Jetstar is to expand its trans-Tasman services and increase its domestic services. More >>
Redgroup flags breach of covenants
Thursday, 29 July 2010, 12:01 pm | Businesswire
July 29 (BusinessDesk) – Redgroup Retail, the owner of the Whitcoulls and Borders book stores, is likely to be in breach of banking covenants at the end of August after difficult trading in Australia. More >>
NZ dollar drops; Bollard says gains 'inconsistent'
Thursday, 29 July 2010, 10:20 am | Businesswire
July 29 (BusinessDesk) – The New Zealand dollar tumbled after Reserve Bank Governor Alan Bollard said interest rate increases will be more moderate than he had previously flagged and said the currency’s strength is inconsistent with the weaker economic ... More >>
UPDATED: Bollard raises OCR, sees moderating path
Thursday, 29 July 2010, 9:49 am | Businesswire
(BusinessDesk) – Reserve Bank Governor Alan Bollard raised the official cash rate a quarter point to 3% as expected, while predicting a less aggressive path for further increases, given “subdued” domestic demand and a fragile global recovery. The ... More >>
Stocks to watch: JTM, PGW, SLG, STU, PEB, TEL
Thursday, 29 July 2010, 9:42 am | Businesswire
Stocks to watch: JTM, PGW, SLG, STU, PEB, TEL July 29 (BusinessWire) – 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 >>
Bollard lifts OCR to 3%, sees more moderate track
Thursday, 29 July 2010, 9:08 am | Businesswire
Bollard lifts OCR to 3%, predicts more moderate pace of increases as economy remains weak More >>
While you were sleeping: Stocks suffer on outlook
Thursday, 29 July 2010, 7:52 am | Businesswire
July 29 (BusinessDesk) - Equities declined on fresh signs of a slowdown in the pace of economic recovery, with orders for U.S. durable goods unexpectedly falling in June while the Federal Reserve said economic expansion had weakened in some areas ... More >>
MARKET CLOSE: NZ stocks gain, led by PGG Wrightson
Wednesday, 28 July 2010, 5:55 pm | Businesswire
July 28 (BusinessDesk) – New Zealand stocks rose for the fifth time in seven sessions, helped into positive territory by PGG Wrightson Ltd., which lead gainers on the bourse on the prospects of a windfall gain from the sale of its stake in NZ Farming Systems ... More >>
Aust inflation milk, dims rate hike prospects
Wednesday, 28 July 2010, 4:53 pm | Businesswire
July 28 (BusinessDesk) – Australia reported milder-than-expected inflation in the second quarter, easing pressure on the central bank to raise interest rates and sending the Australian dollar lower. More >>
NZ business confidence dims for third month
Wednesday, 28 July 2010, 4:15 pm | Businesswire
July 28 (BusinessDesk) – New Zealand business confidence has dimmed for a third month in a row, marking “a clear change of direction” in sentiment, according to the National Bank Business Outlook. More >>
Many public companies fall short on disclosure
Wednesday, 28 July 2010, 4:10 pm | Businesswire
July 28 (BusinessDesk) - Many public companies need to improve their disclosure on such matters as ethical standards and directors' and executives' remuneration, according to the Securities Commission. More >>
AMP Capital shuns bonds and equities for cash
Wednesday, 28 July 2010, 3:22 pm | Businesswire
by Paul McBeth July 28 (BusinessDesk) – AMP Capital Investors is holding more cash than normal after a turbulent quarter raised the prospect of a double-dip recession. More >>
Pacnet teams with Pacific Fibre to build cable
Wednesday, 28 July 2010, 3:04 pm | Businesswire
July 28 (BusinessDesk) – Pacnet, the owner of Asia’s largest undersea cable, has teamed with local start-up Pacific Fibre to build a US$400 million cable linking New Zealand, Australia and the U.S. More >>
Scott Technology to buy mine test assets
Wednesday, 28 July 2010, 2:01 pm | Businesswire
July 28 (BusinessDesk) - Scott Technology says it will pay less than $1.5 million for the assets of a key supplier which will immediately contribute positively to earnings. More >>
SMELLIE SNIFFS THE BREEZE: Getting older
Wednesday, 28 July 2010, 1:00 pm | Businesswire
July 28 (BusinessDesk) - For as long as I can remember, there's been national angst over what to do about superannuation. More >>
Wrightson Finance fails to get bond vote quorum
Wednesday, 28 July 2010, 11:41 am | Businesswire
July 28 (BusinessDesk) - PGG Wrightson Finance failed to get a quorum at a special meeting of bondholders to vote on extending the term of its October 2010 bonds for 12 months. More >>
