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Businesswire - Latest News [Page 64]
Olam promises needed capital for Farming Systems
Monday, 19 July 2010, 10:55 am | Businesswire
July 19 (BusinessDesk) – Olam International, the Singapore-based food and ingredients conglomerate, holds the prospect of much-needed capital for NZ Farming Systems Uruguay, whose expansion was thwarted when the global financial crisis froze credit markets. More >>
Synlait finds new backer, announcement pending
Monday, 19 July 2010, 10:04 am | Businesswire
July 19 (BusinessDesk) – Synlait, the milk processor that abandoned a $150 million share sale last year after a tepid response from investors, is set to announce it has found a new backer. More >>
NZ dollar falls on fears of double-dip recession
Monday, 19 July 2010, 9:41 am | Businesswire
July 19 (BusinessDesk) – The New Zealand dollar fell below 71 U.S. cents as weak sentiment among American consumers and softer-than-expected corporate earnings reignited fears the world’s biggest economy faces a double-dip recession. More >>
Olam makes takeover offer for Farming Systems
Monday, 19 July 2010, 9:38 am | Businesswire
Olam seeks to expand grip on NZ food assets with $134M takeover of Farming Systems More >>
Stocks to watch: AMP, CAV, FPH, NZO, NZS, PGW, TEL
Monday, 19 July 2010, 9:17 am | Businesswire
July 19 (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 >>
World Week Ahead: Earnings aren't everything
Monday, 19 July 2010, 7:30 am | Businesswire
July 19 (Business Desk) - Solid earnings data from corporate America has done little to ease investors' concern about increasing signs that the pace of growth in the world's biggest economy is slowing. On Friday, General Electric Co., Bank of America ... More >>
MARKET CLOSE: NZX 50 falls below 3000; NZS drops
Friday, 16 July 2010, 6:10 pm | Businesswire
July 16 (BusinessDesk) – New Zealand stocks fell, pushing the NZX 50 Index below 3000 as weaker-than-expected U.S. economic data stoked concern global growth may falter. NZ Farming Systems Uruguay Ltd., New Zealand Oil & Gas Ltd. and Fisher ... More >>
Hubscher bails from Te Kairanga amid cash squeeze
Friday, 16 July 2010, 5:13 pm | Businesswire
July 16 (BusinessDesk) –Te Kairanga Wines Ltd. chairman and chief executive Peter Hubscher has quit the company amid a margin squeeze that wiped out profits and forced it to negotiate with its bank to for enough funds to continue operating over the ... More >>
Cavalier says profit rose before tax impact
Friday, 16 July 2010, 4:08 pm | Businesswire
July 16 (BusinessDesk) – Cavalier Corp., the only listed carpet-maker in New Zealand, said full-year profit was higher than forecast though net income was eroded by the impact of changes to tax rules. More >>
LDC Finance’s Harding, Schofield get lifetime ban
Friday, 16 July 2010, 3:33 pm | Businesswire
Two Nelson businessmen who owned the majority of failed financier LDC Finance Ltd. have agreed to a life ban on being directors after they offered securities without any paperwork. More >>
NZ has 'valley of death’ investment shortfall
Friday, 16 July 2010, 1:07 pm | Businesswire
July 16 (BusinessDesk) – The New Zealand Venture Investment Fund should set up a number of smaller, rather than larger funding pools, to help entrepreneurs overcome the ‘valley of death’ investment requirement as they grow innovative businesses, ... More >>
NZ consumer prices rise 0.3% in 2Q; kiwi dips
Friday, 16 July 2010, 11:39 am | Businesswire
July 16 (BusinessDesk) – New Zealand consumer prices rose less than expected in the second quarter as a decline in the price of food softened the impact of higher liquor and tobacco prices, providing little evidence that the central bank needs ... More >>
Air NZ scotches report it would buy Virgin shares
Friday, 16 July 2010, 9:48 am | Businesswire
Air NZ scotches report it would buy shares in Virgin Blue as part of alliance More >>
Auckland Airport suspends second runway work
Friday, 16 July 2010, 9:37 am | Businesswire
July 16 (BusinessDesk) – Auckland International Airport Ltd. has suspended construction on its second runway following consultation with the airline industry, saying it will make more effective use of peak-time capacity on the existing runway. More >>
Stocks to watch: AIR, AIA, ALF, MVN, NUF, SKL
Friday, 16 July 2010, 9:32 am | Businesswire
July 16 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading in the last session. All prices are in New Zealand dollars unless specified. More >>
NZ dollar nears 73 cts on weak US data, before CPI
Friday, 16 July 2010, 9:24 am | Businesswire
NZ dollar rises toward 73 US cts on weak American data, ahead of local CPI More >>
Nufarm credit rating cut to junk on weaker outlook
Friday, 16 July 2010, 8:02 am | Businesswire
July 16 (BusinessDesk) - Nufarm Ltd. had its credit rating cut below investment grade and lost more than a quarter of its market capitalisation after slashing its full-year earnings guidance and projecting a jump in debt. More >>
While you were sleeping: Signs of U.S. weakness
Friday, 16 July 2010, 6:56 am | Businesswire
July 16 (BusinessDesk) - Stocks in Europe and the U.S. fell after worse-than-expected U.S. economic data bolstered concern about growth. More >>
MARKET CLOSE: NZ stocks fall; NZO, TEL, RAK drop
Thursday, 15 July 2010, 5:59 pm | Businesswire
July 15 (BusinessDesk) – New Zealand stocks fell, pacing equity markets across Asia after the pace of growth slowed in China and the Federal Reserve gave a downbeat view of the U.S. economy. New Zealand Oil & Gas Ltd., Telecom Corp. and Rakon ... More >>
PSIS has prospect of investment-grade debt rating
Thursday, 15 July 2010, 4:47 pm | Businesswire
July 15 (BusinessDesk) – PSIS Ltd., the mutual that evolved out of the Public Service Investment Society, is knocking on the door of an investment grade credit rating after Standard & Poor’s revised its outlook to ‘positive.’ More >>
