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Businesswire - Latest News [Page 82]

NZ tax dept wins another landmark avoidance case

Friday, 4 June 2010, 5:35 pm | Businesswire

June 4 (BusinessWire) - Two orthopaedic surgeons who cut their salaries while boosting distributions to family trusts through their private companies immediately after the top personal income tax rate rose in 2000 have been found to have engaged in ... More >>

DNZ Property to pay $35M for management contract

Friday, 4 June 2010, 4:39 pm | Businesswire

June 4 (BusinessWire) – DNZ Property Fund Ltd., the property investor that grew out the relationship between Dominion Funds and Money Managers, will pay $35 million to buy-out its controversial management contract from Paul Duffy and Alastair Hassell. More >>

High Court to rule on UBNZ's right to buy farms

Friday, 4 June 2010, 4:36 pm | Businesswire

June 4 (BusinessWire) – The Auckland High Court is to rule on whether UBNZ Assets Holdings requires Overseas Investment Office approval to buy 16 farms from the receivers of Crafar Farms. More >>

NAB weighs sale of AXA AP’s North platform

Friday, 4 June 2010, 4:10 pm | Businesswire

National Australia weighs sale of AXA AP’s North platform to win approval for acquisition More >>

Kerr’s Torchlight extends $100M facility to SCF

Friday, 4 June 2010, 3:31 pm | Businesswire

June 4 - (BusinessWire) – George Kerr’s Torchlight Fund agreed to provide $100 million of funding to South Canterbury Finance, replacing an existing $75 million facility and a planned equity investment in the firm’s parent, Southbury Corp. More >>

Wakefield sweetens offer for Norfolk by 1.9%

Friday, 4 June 2010, 10:19 am | Businesswire

June 4 (BusinessWire) - Wakefield Health Ltd. sweetened its offer for Norfolk Investments, which controls Tauranga’s Grace Hospital, and said it has binding acceptances for more than 50% of the stock. More >>

Stocks to watch: AIR, ALF, NZX, POT, TEL, WFD

Friday, 4 June 2010, 9:59 am | Businesswire

June 4 (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 as European concerns flare up

Friday, 4 June 2010, 9:29 am | Businesswire

June 4 (BusinessWire) – The New Zealand dollar declined as concerns in Europe flared up and the region’s banks piled a record amount of cash in the European Central Bank’s ultra-safe overnight deposits amid concern the financial system is still ... More >>

While you were sleeping: All eyes on U.S. jobs

Friday, 4 June 2010, 7:39 am | Businesswire

June 4 (Business Wire) - U.S. stocks were mixed in anticipation of a domestic jobs report that was expected to show an acceleration in the pace of economic recovery. More >>

NZX's dairy derivative plans intact: Weldon

Thursday, 3 June 2010, 6:58 pm | Businesswire

June 3 (BusinessWire) - NZX Ltd's plans to launch dairy commodity derivatives are intact, despite today's knockback from the electricity industry, which made a surprise choice of the Australian exchange operator, ASX, to run the new electricity derivatives ... More >>

MARKET CLOSE: NZ shares gain; NZS rises, NZX falls

Thursday, 3 June 2010, 5:52 pm | Businesswire

June 3 (BusinessWire) – New Zealand shares rose, pushing the NZX 50 Index up for the first day in three, helped by stronger prices for farm commodities and as a rebound on Wall Street fed through into Asian equity markets. More >>

Kiwi hot with speculators with Bollard under gun

Thursday, 3 June 2010, 4:04 pm | Businesswire

Kiwi Favorite of Speculators With Bollard Under Rate Pressure By Candice Zachariahs and Wes Goodman More >>

Marac-led bank could get investment grade rating

Thursday, 3 June 2010, 2:01 pm | Businesswire

June 3 (BusinessWire) – The proposed merger by Pyne Gould Corp., Canterbury Building Society and Southern Cross Building Society could achieve an investment grade credit rating and will likely attract more partners, according to ratings agency Standard ... More >>

New environment agency to control oil exploration

Thursday, 3 June 2010, 1:42 pm | Businesswire

June 3 (BusinessWire) - The government will create environmental regulations governing offshore oil exploration in New Zealand's exclusive economic zone, and proposes making the new Environmental Protection Authority responsible, Environment Minister Nick ... More >>

Auckland house sales, prices gain in May

Thursday, 3 June 2010, 10:53 am | Businesswire

June 3 (BusinessWire) – Auckland house sales and prices rose last month after a soft April, though the property market still faces headwinds with interest rates likely to rise and more people looking to head across the Tasman. More >>

ASX pips NZX to run electricity derivatives market

Thursday, 3 June 2010, 10:31 am | Businesswire

June 3 (BusinessWire) - NZX Ltd.'s plans to base its future growth on derivatives trading took a serious knock this morning with the announcement that the country's five main electricity generators will use the Australian exchange operator, ASX, ... More >>