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Content.net - Latest News [Page 7]
NZ dollar tumbles below 52 cents, may fall more
Wednesday, 21 January 2009, 11:05 am | Content.net
Jan. 21 – The New Zealand dollar tumbled below 52 cents after a slump in financial stocks in the U.S. and Europe prompted investors to become more risk averse, trimming holdings of higher yielding or riskier assets. More >>
Stocks to Watch: NZ Equity Preview 21/1/09
Wednesday, 21 January 2009, 10:01 am | Content.net
Themes of the day: The New Zealand dollar fell below 52 U.S. cents. Stocks tumbled on Wall Street and in Europe, led by banks, on concern lenders will need to find more capital to shore up their balance sheets amid ongoing losses. State Street tumbled ... More >>
While you were sleeping: Overnight wrap 21/1/09
Wednesday, 21 January 2009, 9:55 am | Content.net
Jan. 21 – Shares dropped on Wall Street, underlining the challenges ahead for newly inaugurated President Barack Obama, as State Street Corp. slumped on unrealized bond losses, leading financials lower. More >>
Fairfax sells Southern Star TV unit to Endemol
Tuesday, 20 January 2009, 2:56 pm | Content.net
Jan. 20 – Fairfax Media, Australia’s second-largest newspaper group, sold its Southern Star TV production and distribution business to Endemol for A$75 million and will use the funds to repay debt and strengthen its balance sheet. More >>
NZ inflation eased in 4th Q. as fuel costs fell
Tuesday, 20 January 2009, 1:41 pm | Content.net
Jan. 20 – New Zealand inflation abated in the fourth quarter as the price of fuel tumbled, giving the central bank more room to cut interest rates at its next review on Jan. 29. More >>
NZ dollar falls on Euro banking woes
Tuesday, 20 January 2009, 11:26 am | Content.net
Jan. 20 – The New Zealand dollar declined after Royal Bank of Scotland said it was heading for a record loss for a U.K. company, stoking concern about the global banking industry and spurring investors to avoid higher yielding, or riskier assets. More >>
Contact Energy predicts profit slide as costs rise
Tuesday, 20 January 2009, 10:35 am | Content.net
Jan. 20 - Contact Energy Ltd., the biggest utility of the NZX 50 Index, said full-year profit may fall as much as 23% as hydro dams in the South Island spill water, the Tiwai Point aluminium smelter reduces output and gas costs rise. More >>
Stocks to Watch: NZ Equity Preview 20/1/08
Tuesday, 20 January 2009, 9:42 am | Content.net
Jan. 20 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: Overnight wrap 20/1/09
Tuesday, 20 January 2009, 9:07 am | Content.net
While you were sleeping: Pvernight wrap 20/1/09 While you were sleeping: BusinessWire overnight wrap Jan. 20 – Stocks in Europe fell as Royal Bank of Scotland tumbled, leading banks lower, on concern the British government will nationalize the lender ... More >>
Wrightson to close Aus. real estate livestock units
Monday, 19 January 2009, 9:58 pm | Content.net
Jan. 19 - PGG Wrightson Ltd., New Zealand’s biggest rural services company, will close its Australian real estate and livestock businesses, citing tough market conditions and a subdued outlook. The shares dropped about 7%. More >>
NZX 50 falls; Wrightson drops on Australia closure
Monday, 19 January 2009, 9:56 pm | Content.net
Jan. 19 – New Zealand shares fell, paced by PGG Wrightson, after the rural services company announced said it would close its Australian real estate and livestock businesses because of the downturn. More >>
Infratil’s Morrison takes leave for leukaemia
Monday, 19 January 2009, 12:18 pm | Content.net
Jan. 19 – Lloyd Morrison, managing director and founder of Infratil Ltd., is taking leave from the job for treatment of leukaemia, the investment group said today. More >>
NZD Wrap: NZ dollar rises as stocks snap slump
Monday, 19 January 2009, 12:16 pm | Content.net
Jan. 19 – The New Zealand dollar gained against the U.S. dollar and the yen after stocks rose on Wall Street on Friday, reducing the haven appeal of the currencies of the world’s two biggest economies. More >>
While you were sleeping: Weekend wrap 19/1/09
Monday, 19 January 2009, 12:15 pm | Content.net
Jan. 19 – Citigroup posted a fourth-quarter loss of US$8.29 billion on write-downs and credit losses while Bank of America reported a loss of US$1.79 billion as it struggled to digest the purchase of Merrill Lynch & Co. More >>
Stocks to Watch: NZ Equity Preview 19/1/08
Monday, 19 January 2009, 12:13 pm | Content.net
Themes of the day: Trading may be reduced by Wellington Anniversary Day, which will keep some firms away from the market today, and the Martin Luther King Day holiday in the U.S. on Monday. The price of metals such as copper rebounded on Friday in ... More >>
Inflation evaporates in oil plunge, economic slump
Friday, 16 January 2009, 2:48 pm | Content.net
Jan. 16 – New Zealand consumer prices probably fell for the first time in two years in the fourth quarter, reflecting the slide in the price of crude oil and the impact of a shrinking economy. More >>
Pan Pacific affirms profit forecast
Friday, 16 January 2009, 12:09 pm | Content.net
Jan. 16 – Pan Pacific Petroleum, the Australian oil company that New Zealand Oil & Gas has regulatory approval to acquire, affirmed its profit forecast and said its current share price doesn’t reflect the value of its stake in the Tui oilfield. More >>
Stocks to Watch: NZ Equity Preview (16/1/09)
Friday, 16 January 2009, 10:18 am | Content.net
Jan. 16 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: BusinessWire wrap
Friday, 16 January 2009, 10:17 am | Content.net
Jan. 16 – Crude oil tumbled 11% after the OPEC cartel forecast a drop in demand this year amid the worldwide economic slump. More >>
NZ shares fall; F&P Appliances, Telecom slide
Friday, 16 January 2009, 10:15 am | Content.net
Jan. 15 – New Zealand shares fell, sending the NZX 50 Index to its first drop in five sessions, as further signs of a prolonged worldwide slump drove down equities from Tokyo to London and New York. More >>
