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Content.net - Latest News [Page 5]
Stocks to Watch: NZ Equity Preview 29/1/09
Thursday, 29 January 2009, 9:58 am | Content.net
Themes of the day: Reserve Bank Governor Alan Bollard cut the official cash rate a greater-than-expected 150 basis points to 3.5%, saying “the news coming from our trading partners is very negative” with the global economy in recession. Further ... More >>
NZ stocks gain before central bank statement
Wednesday, 28 January 2009, 9:53 pm | Content.net
Jan. 28 – New Zealand stocks rose, pushing the NZX 50 Index to its fourth gain in five days amid expectations the central bank will cut its benchmark interest rate to a record low tomorrow. Infratil Ltd. led the index higher. More >>
Sanford sees higher trading result on fuel and NZD
Wednesday, 28 January 2009, 5:41 pm | Content.net
Jan. 28 – Sanford Ltd., whose stock was the biggest gainer on the NZX 50 Index last year, said trading results should improve this year, reflecting lower fuel costs and a weaker kiwi dollar. More >>
Woolworths’ 2Q sales rise 8% on supermarket, Big W
Wednesday, 28 January 2009, 4:46 pm | Content.net
Jan. 28 – Woolworths Ltd., Australia’s biggest retailer, reported an 8.1% jump in its latest quarter on increased revenue from its supermarkets and Big W discount stores. More >>
Australian prices tumble on fuel, autos and food
Wednesday, 28 January 2009, 3:50 pm | Content.net
Jan. 28 – Australian consumer prices tumbled in the fourth quarter on sliding prices for fuel, vehicles and food, giving the central bank more room to cut interest rates as economic growth wanes. More >>
Boral shares tumble on ASX after profit cut 40%
Wednesday, 28 January 2009, 3:41 pm | Content.net
Jan. 28 – Boral Ltd. fell almost 15% on the ASX after Australia’s largest building supplies company cut its 2009 profit forecast by 40% because of the economic downturn, particularly in the U.S. More >>
Fonterra slashes milk payment forecast
Wednesday, 28 January 2009, 3:03 pm | Content.net
Jan. 28 – Fonterra Cooperative Group, the world’s biggest exporter of dairy products, slashed its forecast milk payments to farmers because of a drop in world prices. More >>
Stocks to Watch: NZ Equity Preview 28/1/09
Wednesday, 28 January 2009, 10:23 am | Content.net
Themes of the day: Fonterra Cooperative Group is expected today to announce a cut to its payout to farmers. U.S. consumer confidence slumped to a record low this month amid accelerating job cuts and plummeting home values, signaling a broader and deeper ... More >>
While you were sleeping: Overnight wrap 28/1/09
Wednesday, 28 January 2009, 9:56 am | Content.net
Jan. 28 – U.S. consumer confidence slumped to a record low this month amid accelerating job cuts and plummeting home values, signaling a broader and deeper recession for the world’s biggest economy. More >>
NZ dollar may fall on dairy pay-out, OCR cut
Wednesday, 28 January 2009, 9:37 am | Content.net
NZ dollar may fall on weaker dairy pay-out, likely OCR cut By Paul McBeth More >>
NZX 50 advances, led by Goodman Fielder
Wednesday, 28 January 2009, 8:36 am | Content.net
Jan. 27 – New Zealand shares rose, led by foodmaker Goodman Fielder Ltd., amid speculation it is seeking a buyer for its dairy products business and after better-than-expected U.S. data helped buoy Wall Street More >>
NZ investor confidence drops in 4th-qtr
Wednesday, 28 January 2009, 8:34 am | Content.net
Jan. 27 – New Zealand investor confidence slumped in the fourth quarter, luring more people to the relative safety of term deposits and bank savings, according to ASB Bank’s survey. More >>
O’Reilly to retain APN stake as bidders flounder
Tuesday, 27 January 2009, 12:55 pm | Content.net
Jan. 27 - Irish billionaire Tony O’Reilly will retain his company’s 39% stake in APN News & Media Ltd., saying deteriorating credit markets had confounded the efforts of investors to finance a bid for the Australian publisher. More >>
Stocks to Watch: NZ Equity Preview 27/1/09
Tuesday, 27 January 2009, 10:04 am | Content.net
Themes of the day: Stocks on Wall Street rose after National Association of Realtors figures showed sales of existing homes expectedly rose 6.5% to 4.74 million in December while the Conference Board’s index of leading economic indicators gained 0.3% as ... More >>
NZ dollar falls before RBNZ rate cut
Tuesday, 27 January 2009, 10:00 am | Content.net
Jan. 27 – The New Zealand dollar fell, reaching a record low against the euro, amid speculation the central bank may be preparing for a deeper-than-expected cut to interest rates when it announces its review on monetary policy on Thursday. More >>
While you were sleeping: Overnight wrap 27/1/09
Tuesday, 27 January 2009, 9:59 am | Content.net
Jan. 27 – Pfizer Inc will cement its position as the world’s biggest drugmaker after announcing a US$68 billion takeover bid for Wyeth, giving it access to new drugs as patents expire for its biggest selling Lipitor cholesterol pill. More >>
NZ stocks gain in light trade, ANZ Bank climbs
Monday, 26 January 2009, 6:38 pm | Content.net
Jan. 26 – New Zealand shares rose, led by Australia & New Zealand Banking Group, after financials rebounded in the U.S. on Friday. Trading was subdued, with Auckland celebrating its anniversary day and a holiday closing Australian markets. More >>
Credit card balances to 6-month low in December
Monday, 26 January 2009, 5:23 pm | Content.net
Jan. 26 – New Zealanders trimmed their credit card balances in December, the first time in at least four years that the amount owing has slipped in what is typically a peak month for retail spending. More >>
NZ services industry shrinks a 9th month
Monday, 26 January 2009, 5:21 pm | Content.net
Jan. 26 - New Zealand's services industry contracted for a ninth month in December, with little pick up in what is typically a peak month for retailers. More >>
Stocks to Watch: NZ Equity Preview 26/1/09
Monday, 26 January 2009, 10:06 am | Content.net
Themes of the day: Crude oil climbed more than 6% on signs OPEC’s production cuts may be helping to underpin the price of crude. Figures showed the U.K. economy is officially in recession while some economists are winding back their estimates for ... More >>
