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Stocks to Watch: NZ Equity Preview 9/2/09

Monday, 9 February 2009, 10:05 am | Content.net

Themes of the day: The New Zealand dollar rose on Friday in New York, reaching 53.23 U.S. cents, amid speculation the U.S. fiscal stimulus package will increase demand for higher yielding or riskier assets. U.S. stocks rallied, pushing the Dow Jones ... More >>

NZ dollar gains on prospects for U.S. stimulus

Monday, 9 February 2009, 9:46 am | Content.net

Feb. 9 – The New Zealand dollar gained as the growing prospect of American lawmakers passing President Barack Obama’s stimulus package stoked investor appetite for high yielding, or riskier, assets. More >>

NZ property values fall 8.3% affordability rises

Monday, 9 February 2009, 8:55 am | Content.net

Feb. 9 – New Zealand property values dropped 8.3% in the three months to January from a year earlier and sales remained at low levels, suggesting a weak economy and tighter lending criteria may be deterring buyers. More >>

While you were sleeping: Overnight wrap 9/2/09

Monday, 9 February 2009, 8:53 am | Content.net

Feb. 9 – Stocks rallied on Wall Street on Friday as investors anticipated the government’s stimulus package, due today in Washington, will help revive the world’s biggest economy. Banks and tech shares led the advance. More >>

NZ shares mixed; Michael Hill up, ANZ falls

Sunday, 8 February 2009, 3:31 pm | Content.net

Feb. 5 – New Zealand shares were mixed, with Australia & New Zealand Banking Group leading decliners on the NZX 50 Index, while Michael Hill International advanced. More >>

South Canterbury Finance 8% bonds snapped up

Thursday, 5 February 2009, 2:26 pm | Content.net

Feb. 5 - South Canterbury Finance Ltd.’s 8% bonds were snapped up without the need for a public pool, raising NZ$100 million including oversubscriptions. More >>

AMP NZ Office forecasts higher dividends

Thursday, 5 February 2009, 11:46 am | Content.net

Feb. 3 - AMP NZ Office Trust, New Zealand’s largest listed investor in prime commercial office property, forecast a 4% increase in its distributions to unit holders this year as rental increase nudge operating earnings higher. More >>

NZ jobless rate surges to 4.6%

Thursday, 5 February 2009, 11:43 am | Content.net

Feb. 5 – New Zealand’s unemployment rate surged to a six-year high as the prolonged recession spurred companies to eliminate jobs and hold off on hiring to reduce costs. More >>

Stocks to Watch: NZ Equity Preview 5/2/09

Thursday, 5 February 2009, 10:20 am | Content.net

Themes of the day: Government figures today are expected to show the jobless rate climbed to 4.7% in the third quarter, with some economists predicting unemployment will reach 7% or more this year as the economy’s slump continues. Shares on Wall ... More >>

NZ dollar little changed before jobs data release

Thursday, 5 February 2009, 9:43 am | Content.net

Feb. 5 – The New Zealand dollar was little changed as traders await government figures that are expected to show a weakening jobs market and a rising unemployment rate. More >>

While you were sleeping: Overnight wrap 5/2/09

Thursday, 5 February 2009, 9:42 am | Content.net

Feb. 5 – U.S. companies eliminated a less-than-expected 522,000 jobs last month, according to an estimate that comes two days before the non-farm payrolls data that may show the unemployment rate jumped to a 16-year high 7.5%. More >>

NZ shares fall as Hallenstein profit drops

Wednesday, 4 February 2009, 8:22 pm | Content.net

Feb. 4 – New Zealand shares fell, sending the NZX 50 Index to its biggest drop in over a week, after retailer Hallenstein Glasson Holdings announced a profit slump and Telecom Corp. exported call centre jobs to the Philippines. More >>

No retirement for old men and women - survey

Wednesday, 4 February 2009, 4:37 pm | Content.net

Feb. 4 – New Zealanders are expecting to keep the money rolling in upon hitting their golden years, with a new quarterly survey finding most kiwi investors plan to work well into their 60s. More >>

NZ commodity prices drop for 6th month

Wednesday, 4 February 2009, 3:31 pm | Content.net

Feb. 4 – New Zealand commodity prices fell for the sixth straight month, bringing their slide from the peak in July to 28%, led by wood pulp and milk powder. More >>

Auckland house sales, prices fell in January

Wednesday, 4 February 2009, 3:25 pm | Content.net

Feb. 4 – Auckland property prices fell last month and the average price dropped from the same month of 2008, according to Barfoot & Thompson, the city’s biggest real estate firm. More >>

Key offers tax tweaks to soften downturn’s impact

Wednesday, 4 February 2009, 2:06 pm | Content.net

Key offers tax tweaks to soften downturn’s impact on small firms By Jonathan Underhill More >>

NZ tourist numbers gained 3.9% in December

Wednesday, 4 February 2009, 12:46 pm | Content.net

Feb. 4 – New Zealand tourist arrivals jumped by the most in seven months in December, which may help brighten the mood of the tourism sector preparing for the impact of the global economic downturn. More >>

Hallenstein Glasson says 1H profit dropped 40%

Wednesday, 4 February 2009, 12:08 pm | Content.net

Feb. 4 - Hallenstein Glasson Holdings Ltd., owner of the mean’s and women’s clothing chains, said first-half profit tumbled as much as 41% as sales fell and competition for sales shrank its margins. Its shares fell 1.8% to NZ$2.19. More >>

Fonterra milk powder prices slide in eauction

Wednesday, 4 February 2009, 12:06 pm | Content.net

Feb. 4 – The price of milk powder in the latest Fonterra Cooperative Group online auction saw the average price plummet a further 8.2%. More >>

ING takes full control of prop. trust’s manager

Wednesday, 4 February 2009, 12:04 pm | Content.net

Feb. 4 – ING New Zealand Ltd., the investor and insurer owned by the ING Group and ANZ National Bank, has taken full control of the management company for ING Property Trust and ING Medical Properties Trust. More >>





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