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Businesswire - Latest News [Page 80]
While you were sleeping: Chinese bolster stocks
Friday, 11 June 2010, 7:23 am | Businesswire
June 11 (Business Wire) - Stocks in the U.S. and Europe rose as China's confirmation of strong export data relieved recovery concerns and helped lift the euro. More >>
MARKET CLOSE: NZ shares gain; NZO, PPP rise on Tui
Thursday, 10 June 2010, 5:48 pm | Businesswire
June 10 (BusinessWire) - New Zealand shares rose, pushing the NZX 50 Index up for the fourth day in five, after the partners in the Tui licence reported finding hydrocarbons in their latest test well, lifting shares of NZ Oil & Gas and Pan Pacific Petroleum. More >>
NZ terms of trade rise on dairy prices
Thursday, 10 June 2010, 1:47 pm | Businesswire
June 10 (BusinessWire) – Prices of dairy products surged 32% in the first quarter, which combined with a weaker kiwi currency in driving the biggest increase in New Zealand’s terms of trade for 34 years. More >>
Local oil stocks jump on Tui find
Thursday, 10 June 2010, 1:17 pm | Businesswire
June 10 (BusinessWire) - An exploration well being drilled into the highly prospective Tui licence area has encountered hydrocarbons in the target sands, 12.5% partner New Zealand Oil & Gas Ltd announced today. "Oil shows were encountered as ... More >>
NZ manufacturing still expands, though pace eases
Thursday, 10 June 2010, 12:54 pm | Businesswire
June 10 (BusinessWire) – New Zealand’s manufacturing sector is still in an expansion mode according to May’s figures, though its pace has eased off since April. More >>
Allied Farmers to sell second stage of Five Mile
Thursday, 10 June 2010, 12:42 pm | Businesswire
June 10 (BusinessWire) – Allied Farmers Ltd., the finance company that took on the Hanover and United loan books in a debt-for-equity swap last year, has conditional agreement to sell the second stage of the Five Mile property development in Queenstown. More >>
NZ electronic card transactions climb at retailers
Thursday, 10 June 2010, 12:38 pm | Businesswire
June 10 (BusinessWire) – New Zealand spending on debit and credit cards at retailers rose for a fourth straight month in May as consumers shaking off the cobwebs and get more optimistic about their prospects. More >>
UPDATED: Bollard lifts OCR, with 5% seen as target
Thursday, 10 June 2010, 11:47 am | Businesswire
June 10 (BusinessWire) – The Reserve Bank of New Zealand raised the official cash rate by a quarter point to 2.75%, the first increase in three years, saying the economy’s “broad-based” recovery will stoke inflation, reducing the need for stimulatory ... More >>
NZ dollar climbs as Bollard resumes rate hikes
Thursday, 10 June 2010, 11:07 am | Businesswire
June 10 (BusinessWire) – The New Zealand dollar rose after Reserve Bank Governor Alan Bollard raised the official cash rate for the first time in three years and signaled further hikes as the economic recovery becomes broader based and inflation ... More >>
Torchlight equity proposal for SCF proved too hard
Thursday, 10 June 2010, 10:38 am | Businesswire
June 10 (BusinessWire) - South Canterbury Finance took an extended $100 million funding line from George Kerr's Torchlight vehicle when it became clear an earlier equity injection plan was becoming "too sticky" to proceed, says chief executive ... More >>
Stocks to watch: AIA, DPC, FBU, IFT, NPX, WTL
Thursday, 10 June 2010, 9:19 am | Businesswire
June 10 (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 >>
Bollard lifts OCR to 2.75% as growth picks up
Thursday, 10 June 2010, 9:12 am | Businesswire
June 10 (BusinessWire) – Reserve Bank of New Zealand Governor Alan Bollard raised the official cash rate by 25 basis points to 2.75% today, the first increase in three years, saying the economy is into its second year of a “broad-based” recovery ... More >>
While you were sleeping: Bernanke bets on recovery
Thursday, 10 June 2010, 7:44 am | Businesswire
June 10 (Business Wire) - Equities rose overnight, with investor optimism renewed after Fed Chairman Ben Bernanke said the U.S. economy was on a sound footing and that the central bank remained prepared to assist the recovery. More >>
NZ property values slow for first time in 14 mths
Thursday, 10 June 2010, 1:05 am | Businesswire
June 10 (BusinessWire) – New Zealand property values weakened for the first time in 14 months in May, reflecting a general lack of confidence among buyers faced with more choice, according to QV. More >>
MARKET CLOSE: NZ shares rise, led by Nuplex, AIA
Wednesday, 9 June 2010, 5:43 pm | Businesswire
June 9 (BusinessWire) – New Zealand shares rose from an 11-month low after Nuplex Industries said it is on track for record earnings and Auckland International Airport announced a new service to Singapore. More >>
Risks in excluding Telecom from UFB plan: analyst
Wednesday, 9 June 2010, 5:25 pm | Businesswire
June 9 (BusinessWire) – The government would exclude Telecom Corp. from its proposed roll-out of high-speed internet fibre at its own peril, according to a telecommunications analyst. More >>
Goodbye to paper-based tax returns?
Wednesday, 9 June 2010, 4:12 pm | Businesswire
June 9 (BusinessWire) – The Inland Revenue Department wants increasingly to deal with taxpayers online rather than through paper tax returns and communications. One of the largest single sources of postal volumes outside direct mail advertising, ... More >>
AIA gains daily Jetstar Singaporean link
Wednesday, 9 June 2010, 3:44 pm | Businesswire
Auckland International Airport gains daily Jetstar Singaporean link June 9 (BusinessWire) – Auckland International Airport is to be part of a daily return Jetstar link with Singapore from March next year. More >>
MightyRiverPower baulks at Long Gully wind farm
Wednesday, 9 June 2010, 2:41 pm | Businesswire
June 9 (BusinessWire) - Pioneer local wind turbine manufacturer Windflow Technology Ltd. is considering a capital-raising to build the 12.5 Megawatt Long Gully windfarm behind Wellington after its 20% shareholder, MightyRiverPower Ltd., pulled out of ... More >>
Dorchester revamps board before capital raising
Wednesday, 9 June 2010, 11:13 am | Businesswire
June 9 (BusinessWire) –Dorchester Pacific Ltd. has revamped its board structure and said its biggest shareholders have agreed to underwrite the firm’s $10 million equity raising as it strives to emerge from a moratorium. More >>
