Businesswire - Latest News [Page 87]
Key denies reports of govt stake in Chorus
Monday, 24 May 2010, 6:23 pm | Businesswire
May 14 (BusinessWire) - Weekend reports that the government is preparing to take a stake in Telecom's network business, Chorus, as part of the phone company's bid to join the ultra-fast broadband initiative are "not accurate", Prime Minister ... More >>
Key scolds Carter for loose Crafar farm talk
Monday, 24 May 2010, 6:12 pm | Businesswire
May 24 (BusinessWire) - Prime Minister John Key has advised Agriculture Minister David Carter not to make further public comment about the fate of the bid by Chinese investment interests for farms in the failed Crafar family's dairy empire. More >>
NZ petrol is 4th-cheapest in the OECD as ETS looms
Monday, 24 May 2010, 6:08 pm | Businesswire
May 24 (BusinessWire) - New global comparisons of petrol prices show New Zealand has the fourth- cheapest petrol in the rich countries’ club, the Organisation for Cooperation and Development. More >>
Govt would retain majority in KiwiBank: Key
Monday, 24 May 2010, 6:05 pm | Businesswire
May 24 (BusinessWire) - The government would be likely to hold onto a majority stake in KiwiBank if it were partially privatised, Prime Minister John Key said today. More >>
MARKET CLOSE: NZ shares snap 6-day slide; AMP up
Monday, 24 May 2010, 6:03 pm | Businesswire
May 24 (BusinessWire) – New Zealand shares snapped a six-day slide, lifting the NZX 50 Index from a nine-month low, as progress on Europe’s debt crisis rescue and speculation China won’t be aggressive in cooling its economy stoked appetite ... More >>
Telecom rating at risk with separation, says S&P
Monday, 24 May 2010, 5:19 pm | Businesswire
May 24 (BusinessWire) – Telecom Corp.’s potential to carve out its network business in a structural separation could result in a downgrade of its ‘A’ credit rating, says Standard & Poor’s. More >>
Auckland Airport’s Australian volumes fall
Monday, 24 May 2010, 3:25 pm | Businesswire
May 24 (BusinessWire) – Auckland International Airport Ltd., New Zealand’s busiest gateway, said growth in international passenger volumes stalled last month, reflecting a drop in visitors from Australia, while traffic on domestic routes accelerated. More >>
Kermadec narrows loss, sees impact of tax change
Monday, 24 May 2010, 1:15 pm | Businesswire
May 24 (BusinessWire) – Kermadec Property Fund, the property investor that sold its Berkeley Cinema and Retail Complex in Takapuna last year, posted a smaller full-year loss and flagged 2012 for when the government’s new depreciation rules will start ... More >>
Telecom NZ mulls structural separation
Monday, 24 May 2010, 10:41 am | Businesswire
May 24 (BusinessWire) – Telecom Corp., the country’s biggest phone company, is considering splitting off its network division to grab a share of the government’s $1.5 billion roll-out a nationwide fibre network, and has asked to shift some of ... More >>
NZ dollar gains as Germany approves Greek bail-out
Monday, 24 May 2010, 9:39 am | Businesswire
May 24 (BusinessWire) – The New Zealand dollar gained after Germany’s Parliament approved its contribution to the Greek bail-out package, helping settle investors’ nerves about so-called riskier assets and lifting American stock. More >>
Stocks to watch: A2 Corp., Pike, Rakon, SKC, WHS
Monday, 24 May 2010, 9:36 am | Businesswire
May 23 - (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 >>
World Week Ahead: Global growth worries
Monday, 24 May 2010, 7:47 am | Businesswire
May 24 (BusinessWire) – Investors are preparing for more volatility in the coming days, adjusting to what seems to be the new normal, amid heightened worries that the outlook for global economic growth has dimmed. More >>
MARKET CLOSE: NZX 50 sinks to 9-mth low; MHI falls
Friday, 21 May 2010, 6:03 pm | Businesswire
May 21 (BusinessWire) – New Zealand shares fell, sending the NZX 50 Index to a nine-month low, as fear of contagion from Europe’s debt crisis and derailment of America’s economic recovery undermined appetite for equities. Jeweller Michael ... More >>
SMELLIE SNIFFS THE BREEZE:How Labour might respond
Friday, 21 May 2010, 5:37 pm | Businesswire
May 21 (BusinessWire) - Remarkable in the tidal wave of approval for Bill English's second Budget is the irrelevance of the Opposition Labour Party. More >>
SMELLIE SNIFFS THE BREEZE:How Labour might respond
Friday, 21 May 2010, 5:34 pm | Businesswire
May 21 (BusinessWire) - Remarkable in the tidal wave of approval for Bill English's second Budget is the irrelevance of the Opposition Labour Party. More >>
NZ consumer confidence rises to 4-month high
Friday, 21 May 2010, 4:06 pm | Businesswire
May 21 (BusinessWire) – New Zealand consumer confidence edged up to a four-month high and more people deemed it a good time to buy a major household item, according to the latest ANZ-Roy Morgan Consumer Confidence survey More >>
Q3 operating profit a turning point, says SCF
Friday, 21 May 2010, 12:50 pm | Businesswire
May 21 (BusinessWire) – South Canterbury Finance Ltd., the embattled Timaru-based finance company, says it’s at a turning point after posting an $4 million third quarter operating profit. More >>
NZ migration bolstered by British invasion
Friday, 21 May 2010, 12:46 pm | Businesswire
May 21 (BusinessWire) – The number of Britons coming to New Zealand continued to be bump up migration statistics, as the state of the U.K.’s economy encourages them to leave and deters new people from going. More >>
Credit card issuers profiting from late fees
Friday, 21 May 2010, 11:14 am | Businesswire
May 21 (BusinessWire) - Credit card issuers have been making profits, recovering bad debts and loading irrelevant costs into credit card late payment fees as high as $25, the Commerce Commission concludes following an investigation into the rates ... More >>
NZX’s new head of markets looks to CMDT report
Friday, 21 May 2010, 11:03 am | Businesswire
by Paul McBeth May 21 (BusinessWire) – Fiona Mackenzie, newly appointed head of markets at NZX Ltd., says the Rob Cameron-led Capital Markets Development Taskforce report will be her guide in her new role. More >>
