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Businesswire - Latest News [Page 96]
NZ dollar tumbles on EU sovereign risk fears
Wednesday, 5 May 2010, 10:10 am | Businesswire
May 5 (BusinessWire) – The New Zealand dollar tumbled about 1 U.S. cents and weakened against the yen as renewed fears of spreading contagion from Greece’s fiscal woes drove down stocks and commodity prices and eroded investors’ risk appetite. More >>
Fitch downgrades Uruguay farm trust bonds
Wednesday, 5 May 2010, 9:43 am | Businesswire
May 5 (BusinessWire) - Fitch Ratings, the international credit rating agency, has dropped the rating on a trust used by NZX-listed New Zealand Farming Systems Uruguay Ltd. (NZS) to BBB, with negative outlook, reflecting the delayed implementation of ... More >>
Stocks to watch: ATM, ECO, GEN, KMD, NZX, PGW
Wednesday, 5 May 2010, 9:20 am | Businesswire
May 5 (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 powder prices hold April gains
Wednesday, 5 May 2010, 8:42 am | Businesswire
May 6 (BusinessWire) – The price of whole milk powder held most of last month’s unexpected surge in this morning's Fonterra Cooperative Group’s online trading auction as short global supply underpinned demand for New Zealand’s biggest export. More >>
While you were sleeping: Heightened euro concerns
Wednesday, 5 May 2010, 7:42 am | Businesswire
May 5 (Business Wire) - Equities plunged in both Europe and the U.S., along with commodities, as investors fretted about whether the debt crisis engulfing Greece would spread across the euro zone, challenging the outlook for the global economic ... More >>
MARKET CLOSE: NZ shares rise; PGW, GPG, FPA gain
Tuesday, 4 May 2010, 6:11 pm | Businesswire
May 4 (BusinessWire) New Zealand shares rose for the third day in four, buoyed by stronger equities on Wall Street and optimism the global economy is slowing coming back to speed. PGG Wrightson, Guinness Peat Group and Fisher & Paykel Appliances ... More >>
Australia’s central bank raises key rate to 4.5%
Tuesday, 4 May 2010, 5:41 pm | Businesswire
Australia’s central bank raises key rate to 4.5%, widening gap with New Zealand More >>
Tyndall, AMP Capital build NZ Windfarms stakes
Tuesday, 4 May 2010, 5:00 pm | Businesswire
May 4 (BusinessWire) - Fund managers Tyndall Investment and AMP Capital Investors now own almost 30% of New Zealand Windfarms Ltd after both announcing further stake-building in substantial security holder notices lodged with the NZX today. More >>
Full-time job numbers bottom out, wages stalled
Tuesday, 4 May 2010, 12:09 pm | Businesswire
by Peter Kerr May 4 (BusinessWire) – New Zealand’s slow climb out of economic recession shows in a continued improvement in full-time equivalent employees and filled jobs, according to Statistics N.Z. In its March 2010 quarterly employment ... More >>
Morrison & Co PIP PPP fund raises $41 million
Tuesday, 4 May 2010, 10:57 am | Businesswire
May 4 (BusinessWire) – The New Zealand Social Infrastructure Fund Ltd.’s initial public offer has raised $41 million of committed capital from approximately 750 investors. More >>
BusinessWire’s Smellie wins journalism award
Tuesday, 4 May 2010, 10:56 am | Businesswire
May 4 (BusinessWire) – Pattrick Smellie, co-owner of the New Zealand-based news service BusinessWire, has won the inaugural Openside Accounting Journalism Awards for his analysis of last year’s landmark banking tax cases. More >>
April a cruel month for NZX as volumes fall
Tuesday, 4 May 2010, 10:51 am | Businesswire
May 4 (BusinessWire) – Trading growth on NZX Ltd.’s markets stalled in April, with a decline in the value and volume of trades from a month earlier. More >>
A2 Corp., Freedom Nutritional end full merger talk
Tuesday, 4 May 2010, 10:16 am | Businesswire
May 4 (BusinessWire) - A2 Corp., which licenses techniques to identify milk with a protein variant claimed to have health benefits, said it has suspended talks with Australia’s Freedom Nutritional Products Ltd. over a full merger. More >>
Stocks to watch: ECO, FPA, GEN, NZS, PRC, TEL
Tuesday, 4 May 2010, 9:31 am | Businesswire
Stocks to watch: ECO, FPA, GEN, NZS, PRC, TEL May 4 (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 >>
Strong commodities push kiwi above US73 cents
Tuesday, 4 May 2010, 9:28 am | Businesswire
by Paul McBeth May 4 (BusinessWire) – The New Zealand dollar pushed above 73 U.S. cents as surging local commodity prices underpinned support for the kiwi currency, while strong U.S. data stoked investors’ appetite for riskier, higher-yielding ... More >>
While you were sleeping: U.S. economy roars
Tuesday, 4 May 2010, 8:38 am | Businesswire
May 4 (Business Wire) – While concerns linger about the fate of the euro zone, the U.S. economy seems to shift into a higher gear week by week. Today’s manufacturing report plus April sales numbers from American auto makers shows that the U.S. recovery ... More >>
AMP seeks NZ regulator signoff for AXA bid
Tuesday, 4 May 2010, 1:12 am | Businesswire
May 3 (BusinessWire) – AMP Ltd., left with a clear field to bid for AXA Asia Pacific after rival bidder National Australia Bank was knocked back, sought approval from the Commerce Commission for the deal, a signal it is well advanced in its proposal. More >>
Power unwinds impact of Financial Advisers Act
Tuesday, 4 May 2010, 12:17 am | Businesswire
May 3 (BusinessWire) - Commerce Minister Simon Power has released a series of decisions to soften the application of the Financial Advisers Act 2008 where it involves institutional investors, large companies, and "highly sophisticated individuals". More >>
MARKET CLOSE: NZ shares fall; Pike drops ex-rights
Tuesday, 4 May 2010, 12:13 am | Businesswire
May 3 (BusinessWire) – New Zealand shares fell, as Pike River Coal went ex its rights issue, while NZ Farming Systems Uruguay slid on speculation Rural Portfolio Investments may sell its 10 million shares of the company. More >>
"Strongly synchronised" autumn NZ commodities boom
Monday, 3 May 2010, 10:23 pm | Businesswire
May 3 (BusinessWire) – Surging dairy prices underpinned a new record high in the ANZ Commodity Price Index as local milk production begins to wind down while farmers in the Northern Hemisphere struggle to get started. More >>
