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Content.net - Latest News [Page 6]
NZ dollar gains on commodities but may fall
Monday, 26 January 2009, 10:04 am | Content.net
Jan. 26 – The New Zealand dollar edged higher as commodities gained. The advance in the currency may peter out this week, with the central bank set to slash interest rates and more evidence expected of a deteriorating economic situation. More >>
While you were sleeping: Overnight wrap 26/1/09
Monday, 26 January 2009, 8:32 am | Content.net
Jan. 26 – Crude oil rose more than 6% to a two-week high in New York on Friday on speculation that OPEC will succeed in reducing global stockpiles by cutting production. More >>
NZ stocks fall, led by ANZ Bank, Fletcher
Saturday, 24 January 2009, 4:21 pm | Content.net
Jan. 23 – New Zealand shares fell as companies in the U.S., Europe and Asia reported weaker earnings, adding to economic figures worldwide that point to a more prolonged slump. More >>
NZ slide in consumer credit applications slows
Friday, 23 January 2009, 5:25 pm | Content.net
Jan. 23 – The slide in New Zealand applications for consumer credit slowed last month, suggesting aggressive interest rate cuts by the central bank and lower taxes are helping calm people’s concerns about their finances. More >>
ANZ: Rising unemployment will sap housing demand
Friday, 23 January 2009, 5:21 pm | Content.net
Jan. 23 – New Zealand’s unemployment rate, set to rise this year, will likely sap demand for housing, offsetting the benefits of falling mortgage rates, according to ANZ bank’s Property Focus report. More >>
Babcock & Brown says stock worthless as banks talk
Friday, 23 January 2009, 4:26 pm | Content.net
Jan. 23 – Babcock & Brown Ltd., the Australian investment group whose debt-funded acquisition strategy crashed with the credit crunch, said its shares are now worthless as it tries to negotiate a restructuring plan with its banks. More >>
NZ dollar edges lower, bigger falls seen
Friday, 23 January 2009, 3:26 pm | Content.net
Jan. 23 – The New Zealand edged lower against the greenback as further signs of weakness in the U.S. economy fueled risk aversion and demand for higher-yielding currencies. More >>
OceanaGold cites Merrill NZ gold price for surge
Friday, 23 January 2009, 3:26 pm | Content.net
Jan. 23 – OceanaGold Corp. said a jump in its stock price this month may reflect a surge in the price of gold in kiwi dollars and a Merrill Lynch report that said New Zealand’s biggest gold miner was the cheapest such company it covered. More >>
OceanaGold cites Merrill NZ gold price for surge
Friday, 23 January 2009, 3:26 pm | Content.net
Jan. 23 – OceanaGold Corp. said a jump in its stock price this month may reflect a surge in the price of gold in kiwi dollars and a Merrill Lynch report that said New Zealand’s biggest gold miner was the cheapest such company it covered. More >>
Stocks to Watch: NZ Equity Preview 23/1/09
Friday, 23 January 2009, 10:06 am | Content.net
Themes of the day: Stocks on Wall Street fell after Microsoft announced weaker-than-expected earnings, figures showed a surge in unemployment benefit claims and housing starts tumbled to a record low. The Dow Jones Industrial Average fell 2.3% to 8041.16. More >>
While you were sleeping: Overnight wrap 23/1/09
Friday, 23 January 2009, 10:01 am | Content.net
Jan. 23 – Stocks on Wall Street fell after Microsoft announced weaker-than-expected earnings, figures showed a surge in unemployment benefit claims and housing starts tumbled to a record low. More >>
NZX 50 gains as Wall Street rebounds; Wrightson up
Thursday, 22 January 2009, 8:44 pm | Content.net
Jan. 22 – New Zealand shares rose, lifting the NZX 50 Index to its biggest gain in almost two weeks, as optimism President Barack Obama will announce plans to revive growth and free up credit helped banks to rebound. More >>
Wesfarmers to raise A$2.8 bln selling shares
Thursday, 22 January 2009, 4:25 pm | Content.net
Jan. 22 – Wesfarmers Ltd., Australia’s second-largest retailer, plans to raise A$2.8 billion selling shares at a discount to repay some of the debt taken on with its acquisition of Coles Group. More >>
NZ credit, debit card spending falls
Thursday, 22 January 2009, 3:31 pm | Content.net
Jan. 21 – New Zealand consumer spending on credit and debit cards fell in December, after a record drop in the previous month, reflecting a decline in the value of fuel purchases. More >>
NZD gains on stocks; medium-term trend is lower
Thursday, 22 January 2009, 1:17 pm | Content.net
Jan. 22 – The New Zealand climbed back up from a six-year low after Wall Street rebounded from its worst Inauguration Day slump on record as optimism about President Barack Obama’s plans to revive the U.S. economy lifted bank stocks. More >>
Stocks to Watch: NZ Equity Preview 22/1/08
Thursday, 22 January 2009, 10:01 am | Content.net
Themes of the day: The New Zealand dollar held below 53 U.S. cents. Shares on Wall Street rose, recovering from the biggest Inauguration Day slump in history, on optimism U.S. President Barack Obama’s fiscal stimulus plans will help revive the world’s ... More >>
While you were sleeping: Overnight wrap 22/1/09
Thursday, 22 January 2009, 9:35 am | Content.net
Jan. 22 – U.S. President Barack Obama will release a comprehensive plan to tackle the economic crisis within the next few week, according to his nominee to be the next Treasury Secretary. More >>
NZX 50 falls a third day, after Wall Street slump
Wednesday, 21 January 2009, 7:11 pm | Content.net
Jan. 21 – New Zealand shares fell, pushing the NZX 50 Index lower for a third day, after bank losses sent shares tumbling in the U.S. and Europe amid concern the global recession is deepening. More >>
Australian consumer confidence falls
Wednesday, 21 January 2009, 2:34 pm | Content.net
Jan. 21 – Australian consumer confidence fell this month, amid a rising jobless rate and a deteriorating economic outlook, adding to the case for the central bank to extend its interest rate cuts. More >>
NZ retail sales little changed in November
Wednesday, 21 January 2009, 2:08 pm | Content.net
Jan. 21 – New Zealand retail sales were little changed in November, surprising economists who had picked a decline, as motor vehicle, supermarket and grocery store sales rose. More >>
