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Businesswire - Latest News [Page 61]
Morrison & Co. eyes Brisbane port lease
Monday, 26 July 2010, 6:02 pm | Businesswire
July 26 (BusinessDesk) – Morrison & Co., the manager of listed investor Infratil Ltd., is among bidding groups for the 99-year lease over Port of Brisbane, a facility that has outpaced volume growth at either Sydney or Melbourne’s ports. More >>
MARKET CLOSE: NZ stocks rise on talk of KiwiSaver
Monday, 26 July 2010, 5:57 pm | Businesswire
July 26 (BusinessDesk) – New Zealand stocks rose for the fourth time in five sessions, amid speculation more KiwiSaver retirement funds are set to find their way into the local equity market. APN News & Media Ltd., Rakon Ltd., and Pyne Gould Corp. ... More >>
NZ credit checks fall, defaults jump in first half
Monday, 26 July 2010, 4:15 pm | Businesswire
July 26 (BusinessDesk) - New Zealand credit inquiries fell 10.4% in the first six months of 2010 compared with the same period last year while defaults jumped 18.3%, says credit information company Veda Advantage. More >>
Opposition grows to Queenstown airport deal
Monday, 26 July 2010, 1:32 pm | Businesswire
July 26 (BusinessDesk) – Air New Zealand Ltd.’s criticism of Auckland International Airport’s investment in Queenstown’s gateway has encouraged a local backlash agai9nst the tie-up in the alpine tourist town. More >>
Bank stress tests need grounding in reality: Axa
Monday, 26 July 2010, 1:06 pm | Businesswire
July 26 (BusinessDesk) - Adverse scenarios used to stress test banks need to have a reasonable probability, not an extreme one, says Keith Poore, head of investment strategy at Axa Global Investors. More >>
NZ Dollar Outlook: Kiwi may gain against greenback
Monday, 26 July 2010, 11:28 am | Businesswire
NZ Dollar Outlook: Kiwi may gain against out-of-favour greenback as rate decision looms More >>
Pulse seeks up to $5M in convertible notes
Monday, 26 July 2010, 10:56 am | Businesswire
July 26 (BusinessDesk) - Retail electricity supplier Pulse Utilities Ltd. will seek up to $5 million from sophisticated investors in a convertible notes issue that will lead into a proposed share purchase plan later this year. More >>
Michael Hill lowers value of IP transfer by 6.8%
Monday, 26 July 2010, 10:49 am | Businesswire
July 26 (BusinessDesk) – Michael Hill International, the jewellery retailer, has lowered the value at which it transferred its intellectual property to an Australian subsidiary, resulting in changes to the transaction’s tax treatment, after concerns ... More >>
NZ dollar gains ahead of RBNZ rates review
Monday, 26 July 2010, 10:07 am | Businesswire
July 26 (BusinessDesk) – The New Zealand dollar advanced after the results of stress tests of European banks failed to rattle investors and ahead of the central bank’s interest rate review on Thursday which is expected to see a further hike in the official ... More >>
Stocks to watch: AIA, AIR, KFL, MHI, PGW, PLU, RAK
Monday, 26 July 2010, 9:41 am | Businesswire
July 26 (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 seen hiking rates, trimming outlook
Monday, 26 July 2010, 7:33 am | Businesswire
July 26 (BusinessDesk) – Reserve Bank Governor Alan Bollard is expected to raise the official cash rate this week while acknowledging that the pace of economic growth has been less than projected. More >>
World Week Ahead: Flip a coin, make a bet
Monday, 26 July 2010, 7:29 am | Businesswire
July 26 (BusinessDesk) - Hang on, because the optimism that appeared to be rising by the end of last week may have been redirected over the weekend. More >>
MARKET CLOSE: NZ stocks rise; RAK, AMP, AIR gain
Friday, 23 July 2010, 5:56 pm | Businesswire
July 23 (BusinessWire) – New Zealand stocks rose for the third time in four sessions, as a slew of positive corporate results on Wall Street helped bolster sentiment for equities worldwide. Rakon Ltd., AMP Ltd., and Air New Zealand paced gainers on the ... More >>
Auckland Airport traffic boosted from Asia
Friday, 23 July 2010, 4:58 pm | Businesswire
July 23 (BusinessDesk) – Auckland International Airport Ltd., New Zealand’s busiest gateway, is benefiting from a rebound in passengers from Asia, suggesting the region’s population is more confident to fly with the end of the swine flu pandemic. More >>
Fisher Funds’ Kingfish looks to raise $25 million
Friday, 23 July 2010, 12:00 pm | Businesswire
July 23 (BusinessDesk) – Kingfish Ltd., Fisher Funds’ investment vehicle for NZX companies, is looking to raise some $25 million in the next two years through a warrant issue to investors. More >>
Govt drops agriculture energy efficiency goals
Friday, 23 July 2010, 10:57 am | Businesswire
July 23 (BusinessDesk) - The government's new draft energy efficiency strategy retains the 90% goal for renewable energy but strips out all reference to on-farm energy efficiency, in its rewrite of the 2007 strategy led by former Greens co-leader Jeanette ... More >>
Stocks to watch: AMP, Warehouse, Rakon, VCT, XRO
Friday, 23 July 2010, 9:41 am | Businesswire
July 23 (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 surges above 72 US cts
Friday, 23 July 2010, 9:23 am | Businesswire
July 23 (BusinessDesk) – The New Zealand surged above 72 U.S. cents as better-than-expected data in the U.S. and Europe stoked investors’ confidence in the global economy, while American companies keep releasing strong earnings for the second quarter. More >>
Sam Morgan lifts Xero stake to 4.86%
Friday, 23 July 2010, 7:47 am | Businesswire
July 23 (BusinessDesk) – Sam Morgan, the cashed-up founder of the TradeMe auction site, has increased his holding in Xero Ltd. to 4.86% after buying shares from the online accounting firm’s founders. More >>
While you were sleeping: Outlook gets rosier
Friday, 23 July 2010, 7:28 am | Businesswire
July 23 (BusinessDesk) - U.S. equities rose as companies including United Parcel Service Inc raised profit forecasts, easing concern about the economic outlook a day after U.S. Federal Reserve Chairman Ben Bernanke called it “unusually uncertain”. More >>
