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Businesswire - Latest News [Page 98]
Stocks to watch: Comvita, Fletcher, LPC, NZO, NZX,
Friday, 30 April 2010, 9:32 am | Businesswire
April 30 (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 >>
While you were sleeping: Earnings renew outlook
Friday, 30 April 2010, 7:39 am | Businesswire
April 30 (Business Wire) – As contagion fears eased, at least for the moment, investors renewed their focus on companies reported better than expected results in both Europe and the U.S., lifting equities. More >>
Financial Advisers Act "huge news," say bankers
Thursday, 29 April 2010, 7:25 pm | Businesswire
April 29 (BusinessWire - The New Zealand Bankers Association is breathing huge sighs of relief that Commerce Minister Simon Power has heard industry complaints about the wide scope of the bill and the difficulty that the original deadlines presented ... More >>
ANZ posts drop in 1H profit, lending subdued
Thursday, 29 April 2010, 7:22 pm | Businesswire
April 29 (BusinessWire) - Australia & New Zealand Banking Group, which owns New Zealand’s biggest lending group, said profit from its local business fell 8% on increased impairment provisions and flat deposit and lending activity. More >>
NZ posts trade surplus in March, exports top $4bn
Thursday, 29 April 2010, 7:19 pm | Businesswire
April 29 (BusinessWire) – New Zealand’s trade surplus widened in March, as the shipments of dairy products helped push the value of exports to more than $4 billion for only the second time on record. More >>
St Laurence in receivership, MD in dogbox
Thursday, 29 April 2010, 6:20 pm | Businesswire
Perpetual Trust has sent St Laurence into receivership a day after the finance company’s managing director Kevin Podmore pitched an offer to debenture holders to swap their debt for equity in a new holding company. More >>
MARKET CLOSE: NZ shares rise after RBNZ; RAK up
Thursday, 29 April 2010, 6:19 pm | Businesswire
April 29 (BusinessWire) – New Zealand shares edged higher for the first day in three after Reserve Bank Governor Alan Bollard hinted at a gentler cycle of interest rate hikes. Rakon Ltd., NZX Ltd. and Infratil Ltd. were among gainers. More >>
Silver Fern Farms loss grows on weak euro, pound
Thursday, 29 April 2010, 4:54 pm | Businesswire
April 29 (BusinessWire) – Silver Fern Farms Ltd., the South Island meat company, posted a bigger first-half loss as a weak euro and pound sapped the firm’s export revenue to Europe. More >>
NZ trade surplus in March as exports top $4 bn
Thursday, 29 April 2010, 1:23 pm | Businesswire
New Zealand’s trade surplus widened in March, as the shipments of dairy products helped push the value of exports to more than $4 billion for only the second time on record. More >>
Elders parent props up unprofitable NZ unit
Thursday, 29 April 2010, 11:32 am | Businesswire
April 27 (BusinessWire) – Elders Rural Holdings Ltd. relies on its battling Australian parent for financial support and may have to sell assets if that support is withdrawn, notes to the New Zealand company’s accounts say. More >>
NZOG looks for partners on two farm-ins
Thursday, 29 April 2010, 11:28 am | Businesswire
April 29 (BusinessWire) - New Zealand Oil & Gas Ltd. is seeking drilling partners on two new farm-ins, one of which is in shallow water close to the Taranaki Coast, with a much larger potential oil and gas-bearing structure than was initially expected. More >>
NZ dollar pares gain; RBNZ flags milder rate hikes
Thursday, 29 April 2010, 11:10 am | Businesswire
April 29 (BusinessWire) – The New Zealand dollar pared gains against the greenback after Reserve Bank Governor Alan Bollard said the widening spread between lending rates and the official cash rate meant increases in the OCR would be milder than ... More >>
Bollard holds OCR steady, sees more modest hikes
Thursday, 29 April 2010, 10:46 am | Businesswire
April 29 (BusinessWire) – Reserve Bank of New Zealand Governor Alan Bollard held the official cash rate at a record low 2.5% and said interest rates will rise “over the coming months” as the economy recovers. The kiwi dollar fell as Bollard said ... More >>
Stocks to watch: AIR, ANZ, NWF, WHS, WEN
Thursday, 29 April 2010, 9:24 am | Businesswire
April 29 (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 >>
Govt Moves To Implement "Super-Regulator" Recs.
Thursday, 29 April 2010, 9:18 am | Businesswire
April 28 (BusinessWire) – The government will create a "super-regulator" agency, to be called the Financial Markets Authority, with sweeping powers over the conduct and integrity of New Zealand’s public investment markets. More >>
Bollard softens line on monetary policy
Thursday, 29 April 2010, 9:17 am | Businesswire
by Paul McBeth April 29 (BusinessWire) – Reserve Bank of New Zealand Governor Alan Bollard held the official cash rate at a record low 2.5% today, and indicated rate hikes were in now sight with the economy’s recovery on track. “We continue to ... More >>
Fund Managers Directly Responsible To Investors
Thursday, 29 April 2010, 9:17 am | Businesswire
April 28 (BusinessWire) – The people who invest the money in KiwiSaver will become indirectly accountable to their investors, instead of being able to hide behind auditors, under changes announced tonight by Commerce Minister Simon Power. More >>
CAs slapped, auditors go to new "super-regulator"
Thursday, 29 April 2010, 9:15 am | Businesswire
April 28 (BusinessWire) – The government has signalled its scepticism about the quality of audit services in recent times by reversing an earlier decision and wresting control from the New Zealand Institute of Chartered Accountants. More >>
While You Were Sleeping: Three's A Crowd
Thursday, 29 April 2010, 9:13 am | Businesswire
April 20 (Business Wire) – Spain has joined both Greece and Portugal in the penalty box after Standard & Poor's cut the nation's credit rating, a move that triggered more pressure on European equities as well as the euro. More >>
ANZ in trading halt pending announcement
Thursday, 29 April 2010, 9:09 am | Businesswire
April 29 (BusinessWire) - Shares of ANZ Bank, dual-listed in New Zealand and Australia, has been placed on trading halt pending an announcement. More >>
