Business and Economy :: Oceania

nzherald.co.nz - Business

NZ currency: Dollar largely unchanged
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 19:27:10 +1200
The New Zealand dollar was little changed today ahead of the release of key economic data this week prior to the Christmas holiday break.The NZ dollar was US71.04c at 5pm from US71.16c on Friday, having dropped to a week-low against...
NZ stocks: Big volume traded
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 19:25:30 +1200
Hanover Group investors started selling their Allied Farmers shares in numbers today and nine climate change protesters were arrested outside the NZX building in Wellington.All in all there was a bit more activity that might usually...
Biggest influx of migrants since 2004
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 14:00:00 +1200
New Zealand's population is set to swell by 20,000 for this year - the biggest jump in migrants since 2004.The country has gained more than net 20,000 permanent and long term (PLT) migrants during 2009 after a net 2,501 PLT migrants...
Christmas pressure on EFTPOS system
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 13:45:00 +1200
Retailers should dust off their zip-zap machines and stock up on manual credit card chits just in case the EFTPOS system collapses when it's needed most, a business association chief warned today."All indicators are pointing to...
Crafar pleads guilty over effluent
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 13:00:00 +1200
A dairying company owned by the Crafar family today pleaded guilty to four charges of unlawfully discharging effluent to land and breach of an abatement notice.Crafar Farms, the nation's biggest family-owned group of dairy farms,...
Allied Farmers shares fall 31pc
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 12:52:24 +1200
Allied Farmers shares have fallen 31 per cent after the company issued shares to former Hanover investors this morning.Last week, Hanover and United Finance investors narrowly voted to accept Allied Farmers' swap of Hanover's...
Tourist numbers edge up
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 12:00:00 +1200
The number of visitors arriving from overseas edged up just 600 to 219,900 in November compared to a year earlier.Last month's total was 10,000 fewer than the high for a November month, recorded in 2006, Statistics New Zealand...
Comvita reaches Medihoney deal
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 11:00:00 +1200
Natural healthcare company Comvita has completed a heads of agreement for a $6 million deal with Derma Sciences covering the worldwide licensing rights for Medihoney professional woundcare and skincare products.The agreement is...
Sharemarket slips early
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 10:55:00 +1200
The New Zealand sharemarket slipped when trading opened for the week, with leading share Telecom down 3c to $2.46 early after rising 9c on Friday.Contact Energy, which ended Friday up 19c added another 2c to $5.98 in early trading...
Market awaits next move in AXA battle
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 10:00:00 +1200
With National Australia Bank (NAB) now in the box seat to acquire the assets of AXA Asia Pacific, ANZ is keeping tight-lipped on whether it will make a tilt for a wealth management business.Chief executive Mike Smith says ANZ's...
NZ dollar hits 7-day low
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 09:10:00 +1200
The New Zealand dollar dropped to a week-low against the greenback early on Saturday, but recovered to be little changed from Friday's local close by 8am today.As the United States dollar rose against most major currencies, the...
Diversify portfolios, investment boss warns
newsfeeds@nzherald.co.nz Mon, 21 Dec 2009 09:00:00 +1200
Fund managers need to better identify risky assets and invest more in property and infrastructure to avoid being clobbered by another downturn in the financial markets, according to one investment chief.Russell Clarke, chief investment...

 

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