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Businesswire - Latest News [Page 75]
Stocks to watch: KMD, KIP, NPX, RYM, SKC, WDT
Wednesday, 23 June 2010, 9:48 am | Businesswire
June 23 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading on Friday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar falls vs pound after UK budget
Wednesday, 23 June 2010, 9:37 am | Businesswire
June 23 (BusinessWire) – The New Zealand dollar fell against the pound after the U.K.’s emergency budget slashed government spending and hiked consumption tax, while at home traders await the balance of payments. More >>
While you were sleeping: G20 on a collision course
Wednesday, 23 June 2010, 7:37 am | Businesswire
June 23 (Business Wire) - The new U.K. government, as promised, brought down a tough emergency budget, adding to a wave of austerity measures in the euro zone, firmly placing Europe and the U.S. on a collision course and the global economic outlook ... More >>
MARKET CLOSE: NZ shares fall; Ryman drops
Tuesday, 22 June 2010, 6:03 pm | Businesswire
June 22 (BusinessWire) – New Zealand shares fell, marking only the second day of declines in 11 sessions, with Ryman Healthcare Ltd. declining after a shareholder, believed to be Canadian, sold about 6.5% of the resthome and retirement village operator. More >>
Biggest change to securities law in a generation
Tuesday, 22 June 2010, 5:56 pm | Businesswire
June 22 (BusinessWire) - The biggest shake-up of fundamental securities law in a generation is underway, with the issue today by Commerce Minister Simon Power of a discussion document covering the Securities Act 1978 and Securities Markets Act ... More >>
Court action against ANZ, ING not worth extra fine
Tuesday, 22 June 2010, 5:42 pm | Businesswire
June 22 (BusinessWire) – Court action against ANZ New Zealand and ING New Zealand over the promotion of its diversified yield and regular income funds wouldn’t have been worth the punitive fine, and a record $45 million settlement was the “best ... More >>
Orcon's Iggy ad bags global gong for Special Group
Tuesday, 22 June 2010, 4:12 pm | Businesswire
June 22 (BusinessWire) - The man who invented crowd-surfing, on-stage chest-slashing and once proclaimed himself "Chairman of the Bored" has helped Kiwi internet service provider, Orcon, bag the most prestigious prize in global advertising. More >>
SCF downgraded two notches on Hubbard woes
Tuesday, 22 June 2010, 3:26 pm | Businesswire
June 22 (BusinessWire) – South Canterbury Finance Ltd.’s credit rating has been downgraded two notches to B-minus and put on creditwatch negative after the government put the embattled finance company’s owner Allan Hubbard and some of his interests ... More >>
ComCom reaches record settlement with ANZ over ING
Tuesday, 22 June 2010, 2:22 pm | Businesswire
June 22 (BusinessWire) – The Commerce Commission has reached a record $45 million settlement with ANZ New Zealand over the promotion of ING’s diversified yield and regular income funds. More >>
CPI spike to erode wages as economy grows
Tuesday, 22 June 2010, 12:18 pm | Businesswire
June 22 (BusinessWire) – A spike in inflation is set to erode purchasing power this year as wage growth remains subdued, though the wider economy looks brighter, economists say. More >>
Hubbard's woes may hinder fund raising: SCF
Tuesday, 22 June 2010, 10:44 am | Businesswire
June 22 (BusinessWire) – South Canterbury Finance Ltd. has reissued an amended prospectus to raise new funds, saying the ‘attack’ on owner Allan Hubbard’s character may dent its ability to tap the public for cash. More >>
IRG stock suspended for overdue accounts
Tuesday, 22 June 2010, 9:44 am | Businesswire
June 22 (BusinessWire) - Investment Research Group, the financial services company chaired by former Finance Minister Bill Birch, had its stock and warrants suspended after failing to file its full-year accounts. More >>
Stocks to watch: AMP, HED, OGC, POT, SLG, SKC
Tuesday, 22 June 2010, 9:43 am | Businesswire
June 22 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading on Friday. All prices are in New Zealand dollars unless specified. More >>
Ryman plans $100 mln village for Tauranga
Tuesday, 22 June 2010, 9:38 am | Businesswire
June 22 (BusinessWire) –Ryman Healthcare Ltd. will build its 24th retirement village in Tauranga in a $100 million plus investment, the company announced today. More >>
NZ dollar falls on yuan fix disappointment
Tuesday, 22 June 2010, 9:15 am | Businesswire
June 22 (BusinessWire) – The New Zealand dollar dropped below 71 U.S. cents after the Chinese government kept the mid-point of the yuan unchanged having earlier flagged it will let its currency appreciate, while local data looms over the next two days. More >>
Sky City puts tax adjustment at $60M
Tuesday, 22 June 2010, 9:05 am | Businesswire
June 22 (BusinessWire) – Sky City Entertainment Group Ltd., the casino and hotel company, said the impact of tax changes will be a one-time deferred tax liability adjustment of $60 million and a $2 million increase in income tax payments starting ... More >>
While you were sleeping: U.S. shares pare gains
Tuesday, 22 June 2010, 7:53 am | Businesswire
June 22 (Business Wire) - Stocks in the U.S. gave up early gains as investors digested the impact of China’s decision to relax the yuan’s fixed rate to the U.S. dollar. More >>
MARKET CLOSE: NZ shares rise, led by Telstra, TEL
Monday, 21 June 2010, 6:06 pm | Businesswire
June 21 (BusinessWire) – New Zealand shares rose, with the benchmark NZX 50 Index breaking the 3,060 point mark for only the second time since May 31, as Telstra Corp. advanced on news it has signed a non-binding agreement to participate in the rollout ... More >>
Businesses urged to report GST change issues
Monday, 21 June 2010, 5:29 pm | Businesswire
June 21 (BusinessWire) - Businesses with contracts, leases or transactions straddling the Oct. 1 implementation of the new 15% GST rate are being urged to make the newly appointed GST Advisory Panel aware of any problems they face with the changeover. More >>
‘Honourable’ Hubbard seeks offshore equity partner
Monday, 21 June 2010, 5:07 pm | Businesswire
(BusinessWire) – South Canterbury Finance Ltd.’s owner, Allan Hubbard, says he is hopeful of bringing a new overseas investor to the company who would provide enough fresh capital to secure its future. More >>
