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Businesswire - Latest News [Page 67]
Stocks to watch: FBU, IFT, PPG, SKT, TEL
Monday, 12 July 2010, 9:29 am | Businesswire
July 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 >>
World Week Ahead: It is China or the US?
Monday, 12 July 2010, 7:17 am | Businesswire
July 12 (BusinessDesk) - If not for China’s almost insatiable demand for raw materials these last few years, the world economy would surely be in the throes of a long-term recession. More >>
NZ property values ease for second month: QV
Sunday, 11 July 2010, 11:59 pm | Businesswire
July 11 (BusinessDesk) – New Zealand property values eased for the second month in a row as people remained cautious about the property market as the country’s economic recovery falters, according to QV Valuations. More >>
MARKET CLOSE: NZ stocks rise, led by Telecom
Friday, 9 July 2010, 5:58 pm | Businesswire
MARKET CLOSE: NZ stocks rise, pushing NZX 50 above 3,000 for first time since June 28; TEL gains More >>
Sky buys outside broadcaster ahead of Rugby Cup
Friday, 9 July 2010, 5:29 pm | Businesswire
July 9 (BusinessDesk) - Sky Television Ltd. is paying $13.5 million to acquire outside broadcast operator OnSite Broadcasting (NZ) Ltd from Prime Media Group of Australia, in a move that secures services for next year's Rugby World Cup live broadcasts. More >>
Natural Dairy sought Tatua tie-up
Friday, 9 July 2010, 3:20 pm | Businesswire
by Paul McBeth July 9 (BusinessDesk) – Natural Dairy (NZ) Holdings, the Hong Kong-listed company looking to buy the Crafar family farms, tested the waters with Tatua Cooperative Dairy Co. for UHT milk processing. More >>
Genesis forecasts profit jump
Friday, 9 July 2010, 12:15 pm | Businesswire
July 9 (BusinessDesk) - State-owned power company Genesis Energy Ltd. is expecting dramatically improved earnings over the next three years, driven partly by higher prices for oil and gas from the Kupe field and refusing to run its ageing Huntly ... More >>
NZ electronic card transactions rise for 5th month
Friday, 9 July 2010, 11:37 am | Businesswire
July 9 (BusinessDesk) – New Zealand spending on debit and credit cards at retailers rose for a fifth month in June as looming tax cuts and the GST hike gave consumers more incentive to open their wallets in the second quarter. More >>
Telecom agrees to $1.7M loyalty settlement
Friday, 9 July 2010, 10:40 am | Businesswire
July 9 (BusinessDesk) – Telecom Corp. has avoided a court appearance over its controversial wholesale loyalty offer, by agreeing to cough up $1.7 million to the regulator and retail rivals. More >>
Upbeat manufacturers defy gloomy talk
Friday, 9 July 2010, 9:59 am | Businesswire
July 9 (BusinessDesk) - Manufacturers had a surprisingly strong May, with employment growing for the first time since November 2008 and a solid lift in both export and local sales, according to the latest New Zealand Manufacturers and Exporters Association ... More >>
Stocks to watch: AIA, LME, NAP, SKL, TEL
Friday, 9 July 2010, 9:43 am | Businesswire
July 9 (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 >>
NZ dollar holds above 70 US cts after German data
Friday, 9 July 2010, 9:24 am | Businesswire
July 9 (BusinessDesk) – The New Zealand dollar held above 70 U.S. cents for a second day after stronger than expected German data helped bolster confidence in the debt-plagued Euro-zone and stoked investors’ appetite for higher-yielding, or riskier, assets. More >>
While you were sleeping: Caution rules market
Friday, 9 July 2010, 7:21 am | Businesswire
July 9 (BusinessDesk) - Stocks in the U.S. gave up earlier gains as investors were cautious before earnings season starts next week. More >>
DNZ shareholders approve capital raising, listing
Thursday, 8 July 2010, 6:09 pm | Businesswire
July 8 (BusinessDesk) – Shareholders in DNZ Property Fund have voted overwhelmingly in favour of a capital raising plan that will see the property investor list on the NZX next month. More >>
MARKET CLOSE: NZ stocks rise, led by ANZ, Westpac
Thursday, 8 July 2010, 6:03 pm | Businesswire
July 8 (BusinessDesk) – New Zealand stocks rose for the fifth straight session, led by Australia & New Zealand Banking Group and Westpac Banking Corp., after upbeat Australian jobs data helped fuel a rally in equities. More >>
Treasury, IRD were at odds over budget tax cuts
Thursday, 8 July 2010, 3:17 pm | Businesswire
July 8 (BusinessDesk) – Officials at the Treasury and Inland Revenue Department were at a loggerheads over whether the government should have cut the company tax rate to 28%. More >>
Moody's cautiously upbeat on NZ outlook
Thursday, 8 July 2010, 1:53 pm | Businesswire
July 8 (BusinessDesk) - International credit rating agency Moody's Investors Service expects a strengthening upswing in the New Zealand economy in 2011 and 2012, as long as European weakness doesn't ruin the party. More >>
National Property will make savings in restructure
Thursday, 8 July 2010, 1:18 pm | Businesswire
National Property plan to convert to company could save $550k a year plus more in fees avoided More >>
Sth Canty claws back $50m more
Thursday, 8 July 2010, 12:12 pm | Businesswire
July 8 (BusinessDesk) – South Canterbury Finance Ltd. clawed back more than $50 million in outstanding debts over the June quarter as it approaches a $500 million “wall of maturities” of debentures coming due in October. The troubled Timaru-based ... More >>
Auckland Airport buys Queenstown stake for $27.7M
Thursday, 8 July 2010, 10:24 am | Businesswire
July 8 (BusinessDesk) – Auckland International Airport Ltd. is buying a quarter stake in Queenstown Airport Corp. for $27.7 million in a tourism alliance that extends its strategy of investments outside its Auckland core. More >>
