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Businesswire - Latest News [Page 83]
MARKET CLOSE: NZ shares fall a 2nd day; GPG drops
Wednesday, 2 June 2010, 6:01 pm | Businesswire
June 2 (BusinessWire) – New Zealand shares fell for a second day after Japan’s prime minister stepped down and Australia reported moderating economic growth in the biggest market for kiwi exports. Guinness Peat Group, Kathmandu Holdings and ... More >>
NZ commodity prices continue to break records
Wednesday, 2 June 2010, 3:54 pm | Businesswire
June 2 (BusinessWire) – New Zealand commodity prices recorded their 14th straight monthly gain in May, pushing the ANZ Commodity Price Index to a new record, led by dairy products, skins and kiwifruit. More >>
NZ dollar gains against AUD as RBA holds rates
Wednesday, 2 June 2010, 10:02 am | Businesswire
June 2 (BusinessWire) – The New Zealand dollar rose to a one-week high against the Australian dollar after the Reserve Bank of Australia kept its target interest rate unchanged as expected, setting the stage for a narrowing of the interest rate ... More >>
Stocks to watch: ALF, MFT, PGC, RBD, TEL
Wednesday, 2 June 2010, 9:31 am | Businesswire
June 2 (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 >>
Fonterra milk prices edge lower, outlook doubted
Wednesday, 2 June 2010, 9:16 am | Businesswire
June 2 (BusinessWire) – The price of whole milk powder edged lower in Fonterra Cooperative Group’s monthly online auction, with concerns about the outlook and market volatility trimming demand for the longest contract on offer in the sale. ... More >>
While you were sleeping: Stocks get mixed messages
Wednesday, 2 June 2010, 7:39 am | Businesswire
June 2 (Business Wire) - Stocks in U.S. were mixed as higher-than-estimated growth in construction spending and manufacturing offset a drop in energy shares. More >>
Global oil giant Petrobras to explore in NZ
Tuesday, 1 June 2010, 5:14 pm | Businesswire
by Pattrick Smellie June 1 (BusinessWire) - Energy Minister Gerry Brownlee today announced that one of the world's largest oil companies, Petrobras, has been awarded exploration rights for oil and gas in the previously unexplored Raukumara Basin on ... More >>
Technology export firms leaving money on the table
Tuesday, 1 June 2010, 3:55 pm | Businesswire
June 1 (BusinessWire) – New Zealand’s technology firms have grown strongly in spite of the global financial crisis, but there appears to an army of lone Kiwi technologists travelling the world, selling primarily to Australian and American customers. More >>
Wellington Airport posts 4.4% gained in FY EBITDA
Tuesday, 1 June 2010, 3:43 pm | Businesswire
June 1 (BusinessWire) – Wellington International Airport Ltd. posted a 4.4% gain in full-year earnings to $68.2 million, even as passenger numbers fell 1.7%, by squeezing more revenue out of passenger and aeronautical services. More >>
Telecom UFB participation would lift outlook
Tuesday, 1 June 2010, 2:07 pm | Businesswire
June 1 (BusinessWire) – Telecom Corp., the country’s biggest phone company, could improve its long-term outlook by carving out its network assets to participate in the government’s $1.5 billion roll-out of high-speed broadband, though it will ... More >>
NZ dollar little changed ahead of RBA, BOC reviews
Tuesday, 1 June 2010, 10:47 am | Businesswire
June 1 (BusinessWire) – The New Zealand dollar was little changed ahead of monetary policy reviews by the Australian and Canadian central banks, which may provide clues to the Reserve Bank of New Zealand’s monetary policy statement next week. More >>
SCF eases tight liquidity with debenture roll-over
Tuesday, 1 June 2010, 10:30 am | Businesswire
June 1 (BusinessWire) – South Canterbury Finance, whose owner Allan Hubbard quit the board after 30 years as chairman, has rolled over $132.9 million worth of debentures, and is looking to replace its $75 million funding facility with George Kerr’s New ... More >>
Restaurant Brands quarterly sales rise 4.2% on KFC
Tuesday, 1 June 2010, 10:23 am | Businesswire
June 1 (BusinessWire) – Restaurant Brands announced a 4.2% increase in sales on the back of sustained growth in its KFC brand, but its Starbucks Coffee and Pizza Hut outlets continue to underperform compared to its stable mate. More >>
NZ dollar extends slide after Spanish downgrade
Tuesday, 1 June 2010, 9:30 am | Businesswire
May 31 (BusinessWire) – The New Zealand dollar extended its monthly decline after Fitch Ratings downgraded Spain’s sovereign credit rating, keeping investors nervous about the debt crisis plaguing the Euro-zone. More >>
Stocks to watch: ALF, DPC, MVN, PEB, PGC, RAK, RBD
Tuesday, 1 June 2010, 9:24 am | Businesswire
June 1 (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 >>
Pyne Gould, CBS, Southern Cross to discuss merger
Tuesday, 1 June 2010, 9:13 am | Businesswire
June 1 (BusinessWire) – Pyne Gould Corp., Canterbury Building Society and Southern Cross Building Society agreed to discuss a merger that would seek a banking licence and initially oversee $2.2 billion of assets. More >>
RBNZ should leave rate hikes till Sept: NZIER
Tuesday, 1 June 2010, 9:11 am | Businesswire
RBNZ should leave interest rate hikes till September: NZIER June 1 (BusinessWire) - Global economic uncertainty reduces the need for New Zealand interest rates to start rising in June, as is currently anticipated, says the New Zealand Institute ... More >>
While you were sleeping: Stocks edge higher
Tuesday, 1 June 2010, 7:33 am | Businesswire
June 1 (Business Wire) - In holiday-thinned trading stocks edged higher in Europe and Canada as traders said it was starting to look like the latest correction was nearing an end. More >>
Irongate warns on mid-July $80 mln bond repayment
Monday, 31 May 2010, 6:54 pm | Businesswire
May 31 (BusinessWire) - Irongate Property Ltd., the property investor managed by the St Laurence group, said the uncertain economy could compromise its asset sales programme and affect its ability to repay $80 million of NZDX-listed bonds that are ... More >>
MARKET CLOSE: NZ shares pare monthly fall; TEL up
Monday, 31 May 2010, 5:59 pm | Businesswire
May 31 (BusinessWire) – New Zealand shares rose, paring the NZX 50 Index’s monthly slide to 6.8%, amid perceptions stocks may offer relatively better value after the sell-off. Fletcher Building Ltd. and Telecom Corp. paced the gains. More >>
