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Content.net - Latest News [Page 4]
NZ wage inflation abated in Q4 as economy shrank
Monday, 2 February 2009, 1:30 pm | Content.net
Feb. 2 – New Zealand wages growth slowed in the fourth quarter, as a contracting economy reduced demand for workers, giving the central bank more room to extend its interest rate cuts this year. More >>
Meridian fixed-rate notes tied to wind, hydro
Monday, 2 February 2009, 12:53 pm | Content.net
Feb. 2 – Meridian Energy is offering to sell fixed-rate notes as New Zealand’s biggest power company ramps up construction of new wind and hydroelectric plants. More >>
Infratil puts off Lubeck Airport sell-back option
Monday, 2 February 2009, 10:58 am | Content.net
Feb. 2 - Infratil Ltd., the investment group that controls TrustPower Ltd., decided to defer an option to sell its stake in Lubeck Airport back to the German city, despite passenger numbers missing their target last year, an event that could trigger the ... More >>
NZD may fall on weakening labour market, milk sale
Monday, 2 February 2009, 10:25 am | Content.net
Feb. 2 – The New Zealand dollar may extend its decline amid speculation figures this week will show a steep jump in unemployment, signaling the economy is in for a prolonged slump. More >>
Stocks to Watch: NZ Equity Preview 2/2/09
Monday, 2 February 2009, 9:58 am | Content.net
Themes of the day: The New Zealand dollar fell to 50.76 U.S. cents, with predictions it could hit 50 cents ahead of government figures this week that may show the jobless rate rose to a five-year high 4.6%. Stocks fell in the U.S. after figures showed ... More >>
While you were sleeping: Overnight wrap 2/2/09
Monday, 2 February 2009, 9:35 am | Content.net
Feb. 2 – Stocks on Wall Street dropped on Friday, rounding out a record January slump as evidence piled up on the shrinking U.S. economy and banks tumbled. More >>
NZ stocks gain for fifth day, Fletcher gains
Sunday, 1 February 2009, 5:40 pm | Content.net
Jan. 30 – New Zealand stocks rose, pushing the NZX 50 Index higher for a fifth straight day, on optimism the central bank is taking the right steps to limit the impact of the global downturn. More >>
Telecom announces roll-out of super-fast internet
Friday, 30 January 2009, 6:33 pm | Content.net
Jan. 30 – Telecom Corp.’s wholesale division will roll out super-fast broadband to all major cities and towns from March, the nation’s biggest phone company said. More >>
Air NZ cuts capacity on long-haul routes
Friday, 30 January 2009, 6:30 pm | Content.net
Jan. 30 – Air New Zealand Ltd. cut capacity on long-haul routes to the U.K., U.S. and Asia as the global economic slump trimmed demand for travel. More >>
NZ Oil & Gas sales fall 57% on reduced output
Friday, 30 January 2009, 3:52 pm | Content.net
Jan. 30 – New Zealand Oil & Gas, whose shares were one of only two to gain on the NZX 50 Index last year, reported a 57% drop in sales last quarter as the price of oil fell and output from the Tui field slowed. More >>
Home-building approvals fall to record low in Dec.
Friday, 30 January 2009, 3:25 pm | Content.net
Jan. 30 – New Zealand home-building approvals fell to a record low last month in a sign that sliding borrowing costs haven’t yet revived demand in an economy buffeted by its first recession in a decade. More >>
RBNZ Gov. Bollard urges kiwis to hang tough
Friday, 30 January 2009, 3:23 pm | Content.net
Jan. 30 – Reserve Bank of New Zealand Governor Alan Bollard urged households and businesses to ride out the economic and financial slump without capitulating, saying he has room to cut interest rates further if needed. More >>
NZ dollar reaches 6-yr low, worst month since Oct
Friday, 30 January 2009, 10:12 am | Content.net
Jan. 30 – The New Zealand dollar is heading for its biggest monthly decline since October as interest rate cuts and a deteriorating global economy push the currency to its lowest level in six years. More >>
Stocks to Watch: NZ Equity Preview 30/1/09
Friday, 30 January 2009, 10:09 am | Content.net
Themes of the day: The New Zealand dollar slipped as low as 51.41 U.S. cents, the lowest since December 2002, after the central bank’s rate cut yesterday and more evidence of a weakening global economy. Stocks on Wall Street fell after a slew of ... More >>
While you were sleeping: Overnight wrap 30/1/09
Friday, 30 January 2009, 9:47 am | Content.net
Jan. 30 – Stocks on Wall Street fell after a slew of economic figures dashed prospects for an early revival in the world’s biggest economy. More >>
NZ stocks gain as OCR cut to record low
Friday, 30 January 2009, 8:58 am | Content.net
Jan. 29 – New Zealand stocks rose, pushing the NZX 50 Index higher for a fourth straight day, after the central bank cut its benchmark interest rate more than expected, trimming borrowing costs and driving the kiwi dollar lower. More >>
Obama’s US$819 bln recovery plan passes in HOR
Thursday, 29 January 2009, 5:22 pm | Content.net
Jan. 29 – U.S. President Barack Obama’s US$819 billion fiscal stimulus package overcame its first hurdle when it won support in the House of Representatives. More >>
NZ Stocks rally and dollar falls on OCR cut
Thursday, 29 January 2009, 12:29 pm | Content.net
Jan. 29 – New Zealand stocks rallied, pushing the NZX 50 Index to its biggest gain this year, after the central bank cut its benchmark interest rate more than expected in response to the deteriorating global economy. The New Zealand dollar ... More >>
NZ dollar slumps after RBNZ cuts OCR by 150bps
Thursday, 29 January 2009, 10:29 am | Content.net
Jan. 29 – The New Zealand dollar tumbled, sinking below 52 U.S. cents and slumping against its Australian counterpart, after the central bank cut its benchmark interest rate to a record low 3.5% and held out the prospect of more reductions. More >>
While you were sleeping: Overnight wrap 29/1/09
Thursday, 29 January 2009, 10:00 am | Content.net
Jan. 29 – The U.S. Federal Reserve left its benchmark interest rate between zero and 0.25% and said it is willing to buy longer-term Treasury bonds if that was shown to help lift revive financial markets. More >>
