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Businesswire - Latest News [Page 76]
NZ Dollar Outlook: Kiwi may reach 72 cts on GDP
Monday, 21 June 2010, 2:37 pm | Businesswire
June 21 (BusinessWire) – The New Zealand dollar will likely move toward 72 U.S. cents this week, with local data poised to show the economy is continuing to recover from its worst recession in 18 years, while Chinese officials indicated the yuan ... More >>
Mauritius investor goes for 40% of Sealegs
Monday, 21 June 2010, 12:31 pm | Businesswire
(BusinessWire) - Amphibious boat-maker Sealegs Corp. will use a $6.2 million injection of new capital from Mauritius-based Avenport Investment Corp. to invest in building a global brand, chief executive David McKee Wright told BusinessWire today. More >>
NZ net migration shrinks to just 250 in May
Monday, 21 June 2010, 11:42 am | Businesswire
June 21 (BusinessWire) – New Zealand’s net migration shrank to an 18-month low last month, suggesting the economic impetus provided by people choosing to live here may be abating. More >>
SCF pulls prospectus after Hubbard move
Monday, 21 June 2010, 10:35 am | Businesswire
June 21 (BusinessWire) – South Canterbury Finance Ltd. says it is “deeply shocked and surprised” that owner Allan Hubbard and some of his interests have been put in statutory management, and the firm has been forced to temporarily withdraw its ... More >>
AMP gains NZ antitrust approval to buy Axa AP
Monday, 21 June 2010, 10:34 am | Businesswire
June 21 (BusinessWire) – AMP Ltd., Australia’s biggest provider of pension plans, gained antitrust approval in New Zealand to acquire the Australasian assets of Axa Asia Pacific Holdings Ltd. More >>
Stocks to watch: AIA, AIR, AMP, FBU, GPG, OGC, PLU
Monday, 21 June 2010, 10:04 am | Businesswire
June 21 (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 climbs above 71 US cts on yuan outlook
Monday, 21 June 2010, 9:56 am | Businesswire
June 21 (BusinessWire) – The New Zealand dollar climbed above 71 U.S. cents to a new month-high after reports Chinese authorities will remove the yuan’s peg to the greenback and let the currency appreciate. More >>
NZ’s economic recovery may have slowed in Q1
Monday, 21 June 2010, 8:06 am | Businesswire
NZ’s economic recovery may have slowed in Q1 though not enough to deter RBNZ More >>
World Week Ahead: Test of momentum
Monday, 21 June 2010, 7:11 am | Businesswire
June 21 (BusinessWire) - Global equities appear to have found a new path forward, and may have received fresh impetus from China on the weekend. More >>
UPDATED: Statutory manager, SFO on Hubbard
Sunday, 20 June 2010, 6:32 pm | Businesswire
June 20 - (BusinessWire) - Veteran Timaru financier Allan Hubbard and his wife Margaret have been placed under statutory management over irregularities involving loans valued at $134 million, and face a Serious Fraud Office investigation into unsecured lending ... More >>
Allan Hubbard placed in statutory management
Sunday, 20 June 2010, 5:09 pm | Businesswire
June 20 (BusinessWire) - Allan Hubbard and his wife Margaret, whose private company owns South Canterbury Finance, have been placed in statutory management over irregularities involving investments worth $134 million. More >>
MARKET CLOSE: NZ shares rise; AIR, OGC gain
Friday, 18 June 2010, 6:00 pm | Businesswire
June 18 (BusinessWire) – New Zealand stocks rose, pushing the NZX 50 Index higher for the seventh day in eight, helped by portfolio investors reweighting its holdings and gains from Air New Zealand and OceanaGold Corp. More >>
Pulse Utilities raises $1 mln in private placement
Friday, 18 June 2010, 5:38 pm | Businesswire
June 18 (BusinessWire) - Pulse Utilities New Zealand Ltd., the smart metering and electricity software company, said it raised $1 million by placing 2.1 million shares at 50 cents apiece for general working capital. More >>
SMELLIE'S RANT: Not on, mate
Friday, 18 June 2010, 4:12 pm | Businesswire
June 18 (BusinessWire) - The visit to New Zealand of the apparent heir to the Chinese presidency, Xi Jinpeng, is incredibly important for the burgeoning and unusually affectionate relationship between the world's new powerhouse economy and New Zealand. More >>
Wellington Drive sees return to profit in 2nd half
Friday, 18 June 2010, 3:51 pm | Businesswire
June 18 (BusinessWire) – Wellington Drive Ltd., the manufacturer and marketer of highly efficient electric motors for the commercial refrigeration and ventilation markets, says it will become earnings positive in the second half of the trading ... More >>
Akl airport faces one-off $80 mln depreciation hit
Friday, 18 June 2010, 3:36 pm | Businesswire
June 18 (BusinessWire) – Auckland International Airport Ltd. has flagged a one-off hit on its bottom line this year because of Budget tax changes removing the ability to claim depreciation on buildings that rise in value. More >>
Air NZ passenger numbers, load factor rise in May
Friday, 18 June 2010, 3:27 pm | Businesswire
June 18 (BusinessWire) – Air New Zealand Ltd. reported a pickup in passenger volumes last month and an improvement in its load factor, driven by growth in domestic routes where the national carrier is planning to add capacity. More >>
BNZ wins mandate for new Auckland super-city
Friday, 18 June 2010, 1:57 pm | Businesswire
June 18 (BusinessWire) - Bank of New Zealand has won one of the country's largest new clients, taking on the mandate to provide banking services to the new Auckland super-city. More >>
Denmark first EU buyer of permanent forest units
Friday, 18 June 2010, 1:21 pm | Businesswire
June 18 (BusinessWire) - Permanent New Zealand forests have been recognised as a credible way to store carbon for the first time by a European Union country, with the Danish Energy Agency buying 22,000 New Zealand Assigned Amount Units, based on ... More >>
Ericsson NZ edges back into profit in 2009
Friday, 18 June 2010, 12:01 pm | Businesswire
June 18 (BusinessWire) – Ericsson Communications Ltd., the New Zealand unit of the world’s biggest maker of wireless networks, returned to profit last year after cutting labour costs by more than a quarter. More >>
