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Businesswire - Latest News [Page 78]
NZ consumers grow more upbeat, may resume spending
Wednesday, 16 June 2010, 11:08 am | Businesswire
June 16 (BusinessWire) – New Zealand consumers grew more upbeat in the second quarter, suggesting a weak spot in the economy is reviving, and indicated they see a net positive from tax reforms that cut personal tax while hiking GST. More >>
NZ regulator urges mobile termination regulation
Wednesday, 16 June 2010, 10:32 am | Businesswire
June 16 (BusinessWire) – The Commerce Commission has recommended the regulation of fees mobile phone companies charge each other for ending calls on their networks, saying there was too much potential for incumbents to block new entrants to the market. More >>
Stocks to watch: FPH, NZF, OGC, SKT, TEL, VCT
Wednesday, 16 June 2010, 9:47 am | Businesswire
June 16 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>
NZ dollar rises after European bond sales
Wednesday, 16 June 2010, 9:29 am | Businesswire
June 16 (BusinessWire) – The New Zealand dollar rose after several successful government bond auctions in Europe helped ease concerns about the region’s sovereign debt crisis and stocks on Wall Street gained. More >>
While you were sleeping: Chipmakers lift mood
Wednesday, 16 June 2010, 7:49 am | Businesswire
June 16 (Business Wire) - Stocks advanced in Europe and the U.S. after the world’s two largest semiconductor companies bolstered optimism about the global economic recovery. More >>
MARKET CLOSE: NZ shares rise; Vector, SKT gain
Tuesday, 15 June 2010, 6:00 pm | Businesswire
June 15 (BusinessWire) – New Zealand shares rose, pushing the NZX 50 Index up for a fifth straight day, after Vector Ltd. said it would get a one-time gain from a deal with the nation grid company and Sky Network Television Ltd. rose amid World ... More >>
NZF Group raises $100M in RMBS sale
Tuesday, 15 June 2010, 4:46 pm | Businesswire
NZF Group raises $100M in RMBS sale as demand returns for assets back by home loans More >>
One-off boost to Vector earnings from Transpower
Tuesday, 15 June 2010, 4:39 pm | Businesswire
June 15 (BusinessWire) - National grid operator Transpower Ltd. will pay the Auckland network company, Vector Ltd., $53 million for long-term access rights to an underground tunneland other network assets to strengthen the grid through north Auckland and ... More >>
Genesis Research raises $446,278
Tuesday, 15 June 2010, 4:09 pm | Businesswire
June 15 (BusinessWire) - Genesis Research and Development Corp., which suspended its New Zealand operations last month after running out of cash, said it has raised $446,278 in a placement and is in talks with a new investor about future research ... More >>
Foodstuffs boss heads to Fletcher Building board
Tuesday, 15 June 2010, 3:58 pm | Businesswire
Foodstuffs boss heads to Fletcher Building board June 15 (BusinessWire - The managing director of New Zealand's largest retail business, Tony Carter of the Foodstuffs grocery cooperative, is to replace Sir Dryden Spring as an independent director on ... More >>
RBA has ‘flexibility’ to pause rate hikes
Tuesday, 15 June 2010, 3:38 pm | Businesswire
June 15 (BusinessWire) – The Reserve Bank of Australia, the first to resume raising interest rates in the wake of the global financial crisis, says it can now afford to pause while it assesses the health of the world’s economy and the pace of inflation. More >>
Kiwi card spending subdued: Paymark
Tuesday, 15 June 2010, 1:30 pm | Businesswire
June 15 (BusinessWire) – Kiwis are continuing to keep their plastic cards in their wallets, with electronic transactions in May being only 1.3% ahead of the same month last year. More >>
Home sales flat and weak in May: REINZ
Tuesday, 15 June 2010, 11:06 am | Businesswire
by Paul McBeth June 15 (BusinessWire) – Residential real estate sales were almost unchanged last month as the housing market stayed in a holding pattern ahead of tax changes announced in May and last week’s interest rate hike, according to the latest ... More >>
Vector sees one-time $21M gain from tax change
Tuesday, 15 June 2010, 10:38 am | Businesswire
June 15 (BusinessWire) – Vector Ltd., New Zealand’s biggest gas and electricity lines company, said changes to the treatment of deferred tax liability will result in a one-time boost to net profit of $21 million in the year ending June 30. More >>
Stocks to watch: BFW, CBS, HED, JTM, PGW, TEL
Tuesday, 15 June 2010, 9:21 am | Businesswire
June 15 (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 pares gain after Greece rating cut
Tuesday, 15 June 2010, 9:16 am | Businesswire
June 15 (BusinessWire) – The New Zealand dollar pared its gains, having risen above 70 U.S. cents for the first time in four weeks, after Moody’s Investors Service cut Greece’s sovereign credit rating four notches to a sub-investment grade. More >>
While you were sleeping: Greece takes another hit
Tuesday, 15 June 2010, 7:45 am | Businesswire
June 14 (Business Wire) - U.S. stocks gave up some of their early gains after Moody’s Investors Service cut Greece’s credit rating to junk, rekindling worries Europe’s debt crisis would jeapardise the global economic recovery. More >>
MARKET CLOSE: NZ shares mixed; NZO, TEL fall
Monday, 14 June 2010, 6:37 pm | Businesswire
MARKET CLOSE: NZ shares mixed, with trading dominated by slides in New Zealand Oil & Gas and Telecom More >>
Foreshore and seabed compromise reached
Monday, 14 June 2010, 5:37 pm | Businesswire
by Pattrick Smellie June 14 (BusinessWire) - Last minute talks at Parliament today have salvaged a deal that will see the 2004 Foreshore and Seabed Act repealed and replaced by a new form of title preventing sale of both, and establishing processes ... More >>
Allied Farmers’ $6 mln Beverly Hills windfall
Monday, 14 June 2010, 2:50 pm | Businesswire
June 14 (BusinessWire) – Allied Farmers Ltd., the company that took on board Hanover’s loan book in a debt-for-equity swap last year, has won more than $6 million in a dispute involving luxury condominiums in California’s Beverly Hills. The good news ... More >>
