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Businesswire - Latest News [Page 81]
Slow recovery underpins Nuplex in key markets
Wednesday, 9 June 2010, 10:55 am | Businesswire
June 9 (BusinessWire) - Nuplex Ltd., the resins maker, reports gradual recovery across its main markets and expects to be able to increase prices to offset rising raw material prices. More >>
Fonterra to move to two milk powder auctions/month
Wednesday, 9 June 2010, 10:47 am | Businesswire
June 9 (BusinessWire) – Fonterra Cooperative Group, the world’s biggest exporter of dairy products, will add a second online milk powder auction each month and add new items to the sale, including buttermilk powder. More >>
South Canterbury taps Bill Bayliss as new chairman
Wednesday, 9 June 2010, 10:09 am | Businesswire
June 9 (BusinessWire) – South Canterbury Finance, the finance company whose credit rating was cut two notches to B by Standard & Poor’s last week, named Bill Bayliss as chairman, replacing founder Allan Hubbard. More >>
Stocks to watch: AIR, ALF, DPC, MHI, NZO, NPX
Wednesday, 9 June 2010, 9:59 am | Businesswire
June 9 (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 gains as Bernanke soothes growth concern
Wednesday, 9 June 2010, 9:25 am | Businesswire
June 9 (BusinessWire) – The New Zealand dollar gained from near a 10-month low after U.S. Federal Reserve Chairman Ben Bernanke helped soothe fears the world’s biggest economy would get dragged down by the debt crisis in Europe, and investors ... More >>
Bollard set to raise OCR amid global ructions
Wednesday, 9 June 2010, 8:28 am | Businesswire
Bollard set to raise OCR in midst of global market ructions as inflation spike looms More >>
While you were sleeping: Stocks fluctuate
Wednesday, 9 June 2010, 7:42 am | Businesswire
June 9 (Business Wire) - U.S. stocks seesawed a day after the Standard & Poor’s 500 Index posted the biggest two-day drop since March 2009. More >>
MARKET CLOSE: NZX 50 closes below 3000; MHI down
Tuesday, 8 June 2010, 6:02 pm | Businesswire
June 8 (BusinessWire) – New Zealand shares closed below 3000 for the first time since July 2009 after jeweller Michael Hill International announced the closure of half its U.S. stores, saying it would recognize the costs in the current year. More >>
QBE New Zealand doubles 2009 underwriting profit
Tuesday, 8 June 2010, 4:17 pm | Businesswire
June 8 (BusinessWire) – The New Zealand branch of insurer QBE International has more than doubled its underwriting profit to $16.6 million in 2009 compared to 2008’s figure of $7.9 million. More >>
NZ Dollar Outlook:Global fears swing Kiwi pre-hike
Tuesday, 8 June 2010, 3:22 pm | Businesswire
June 8 (BusinessWire) – The New Zealand dollar will be at the mercy of investors’ dwindling appetite for risk, even as the Reserve Bank is poised to start hiking interest rates on Thursday, with strategists expecting a sombre week for the currency. More >>
Allied Nationwide rating downgraded two notches
Tuesday, 8 June 2010, 2:56 pm | Businesswire
June 8 (BusinessWire) – Allied Nationwide Finance, the subsidiary of Allied Farmers which acquired Hanover Finance’s troubled property assets late last year, has received a credit rating downgrade, which will ultimately lift the lender’s costs to borrow ... More >>
DNZ Property to tap shareholders for $35M
Tuesday, 8 June 2010, 2:43 pm | Businesswire
June 8 (BusinessWire) – DNZ Property Fund Ltd., the property investor that grew out of the relationship between Dominion Funds and Money Managers, will look to shareholders to fund the buy-out of its controversial management contract from Paul Duffy and ... More >>
Commercial construction hits new lows
Tuesday, 8 June 2010, 12:24 pm | Businesswire
June 8 (BusinessWire) – An increasing volume of residential building in the March quarter has offset a continuing fall in commercial construction, to post an overall lift in all building work of 0.7% across its three month measurement period. More >>
New Zealand’s net debt edges up in first 10 months
Tuesday, 8 June 2010, 11:32 am | Businesswire
June 8 (BusinessWire) – The government’s cash flow and financial statements have remained similar to forecasts, and though the tax take is in line with projections, the country’s net debt position has climbed 0.3% to $27.8 billion, or 15% of GDP. More >>
NZ dollar edges nearer 10-mth low
Tuesday, 8 June 2010, 9:52 am | Businesswire
June 8 (BusinessWire) – The New Zealand dollar fell to near a 10-month low as comments from a Hungarian official stoked concern that Europe’s sovereign debt crisis could widen, while U.S. employment growth fell short of expectations. More >>
Michael Hill shutters half its U.S. stores
Tuesday, 8 June 2010, 9:39 am | Businesswire
June 8 (BusinessWire) - Michael Hill International Ltd., the jewellery chain that carries its founder’s name, will close half the U.S. stores it bought from a failed retailer and forecast a full-year loss in America of US$6 million. More >>
Stocks to watch: CVT, KMD, MHI, NZX, SAN, WFD
Tuesday, 8 June 2010, 9:33 am | Businesswire
June 8 (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 >>
While you were sleeping: Economic fluctuations
Tuesday, 8 June 2010, 5:39 am | Businesswire
June 9 (Business Wire) – Mixed views on where the global economy is headed hounded investors overnight with German industrial data helping to offset some concerns that the U.S. labour market is going to need far more time to heal. More >>
World Week Ahead: The big hurt gets bigger
Monday, 7 June 2010, 3:53 pm | Businesswire
June 7 (Business Wire) – So much for bets on an improving U.S. labour market and optimism that the U.S. economy’s recovery would offset lingering worries about sovereign debts in the euro zone. More >>
SMELLIE SNIFFS THE BREEZE: No OCR hike, just watch
Friday, 4 June 2010, 9:00 pm | Businesswire
The latest was a report written on Tuesday afternoon for Thursday publication, punting that NZX would win the contract to run the new electricity derivatives market for the local market platform owner, EnergyHedge. More >>
