http://www.nzherald.co.nz/ Latest Markets headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Fri, 03 Sep 2010 18:00:05 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/markets/news/headlines.cfm?c_id=62 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670827&ref=rss The New Zealand sharemarket rose in early trading as encouraging US data kept investors optimistic ahead of tonight's US monthly payroll figures.With stable US jobless claims and a surprise increase of pending home sales, overseas... newsfeeds@nzherald.co.nz Fri, 03 Sep 2010 10:53:33 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670796&ref=rss Significant price lifts in Fonterra's internet auction of commodity milkpowders have set the scene for the start of NZX trading in global dairy futures contracts.Dairy futures trading has previously been tried with little success... newsfeeds@nzherald.co.nz Fri, 03 Sep 2010 08:52:03 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670646&ref=rss Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank to buy fund management business Aegis. PGC expects to say more about the potential acquisition by the end of this month. The exclusive... newsfeeds@nzherald.co.nz Fri, 03 Sep 2010 06:20:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670678&ref=rss New Zealand is among a group of five advanced economies whose Government finances have the most capacity to deal with unexpected shocks, according to a study by International Monetary Fund economists.The others are Australia,... newsfeeds@nzherald.co.nz Fri, 03 Sep 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670649&ref=rss Prices in dairy co-operative Fonterra's online auction bounced back strongly yesterday with the world feeling the effect of a Russian wheat export ban.The average price of a basket of products increased by 16.9 per cent, having... newsfeeds@nzherald.co.nz Fri, 03 Sep 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670615&ref=rss NZ Farming Systems shareholders have been told by the company's directors to accept the takeover offer made by the Singapore shareholder Olam.In an announcement to the NZX, the company said that after the withdrawal the of rival... newsfeeds@nzherald.co.nz Thu, 02 Sep 2010 14:36:19 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670580&ref=rss Dick Fuld, the former chief executive of Lehman Brothers, let loose his bitterness at the US government's failure to save his firm in 2008, saying that the company was solvent even in the dying hours of the Sunday that sealed its... newsfeeds@nzherald.co.nz Thu, 02 Sep 2010 10:58:49 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670444&ref=rss Australia's economy grew at the fastest pace in three years last quarter, stoked by China's demand for iron ore, boosting the currency on speculation interest rate increases will resume early next year.Gross domestic product advanced... newsfeeds@nzherald.co.nz Thu, 02 Sep 2010 06:50:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670443&ref=rss Shares in Jetset Travelworld have taken off after Australia's competition watchdog said yesterday the tour operator could buy Stella Travel Services.Jetset shares added 13.5 cents, or 19.71 per cent, to 82 cents.Australian... newsfeeds@nzherald.co.nz Thu, 02 Sep 2010 06:20:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670441&ref=rss Two companies led by Perth mining identity Tony Sage, African Petroleum Corporation Ltd and International Petroleum Ltd, will be removed from the official list of the Australian Securities Exchange (ASX) on September 3.The companies... newsfeeds@nzherald.co.nz Thu, 02 Sep 2010 05:50:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670449&ref=rss Listed electronic motor maker Wellington Drive Technologies is undertaking a special share offer to its present investors to secure new capital.The company says the extra finance will cover near-term operating losses, as well... newsfeeds@nzherald.co.nz Thu, 02 Sep 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670427&ref=rss The New Zealand sharemarket rose strongly today as news of vigour in the Australian economy outweighed the fallout from the collapse of South Canterbury Finance yesterday.The benchmark NZX-50 index closed up 40.998 points, or... newsfeeds@nzherald.co.nz Wed, 01 Sep 2010 18:23:47 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670245&ref=rss News of South Canterbury Finance going into receivership failed to put a serious dampener on the New Zealand stock exchange yesterday, with it outperforming markets overseas.The NZX 50 closed down 0.7 points at 3026.10, recovering... newsfeeds@nzherald.co.nz Wed, 01 Sep 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670214&ref=rss The New Zealand sharemarket made up most of the ground lost early in a generally quiet session, with most focus on yesterday's bailout of South Canterbury Finance.The NZX-50 index ended the session down 0.7 points at 3036.10,... newsfeeds@nzherald.co.nz Wed, 01 Sep 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670212&ref=rss Oil prices fell below US$74 a barrel yesterday in Asia, extending losses from the previous session as global stock markets slump after a disappointing United States consumer spending number.Benchmark crude for October delivery... newsfeeds@nzherald.co.nz Wed, 01 Sep 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670190&ref=rss The New Zealand sharemarket made up most of the ground lost early in a generally quiet session, with most focus on today's bailout of South Canterbury Finance.The benchmark NZX-50 index ended the session down 0.7 points at 3026.10,... newsfeeds@nzherald.co.nz Tue, 31 Aug 2010 18:35:33 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670084&ref=rss The New Zealand dollar fell as the deadline arrives for South Canterbury Finance, which is trying to stave off a collapse which would cost the government some $600 million. The country's second-biggest finance company has until... newsfeeds@nzherald.co.nz Tue, 31 Aug 2010 09:06:44 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670065&ref=rss An announcement by troubled South Canterbury Finance (SCF) to the NZX today will have "good and bad in it", company chief executive Sandy Maier says.SCF owes investors about $1.7 billion, and is believed to be running out of cash.It... newsfeeds@nzherald.co.nz Tue, 31 Aug 2010 07:49:29 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670025&ref=rss Former glamour funder Strategic Finance, whose directors include ex-All Black captain Jock Hobbs, is in the red to the tune of a shocking $195.5 million, grim news for 13,000 investors.A bleak report issued on the doomed Strategic... newsfeeds@nzherald.co.nz Tue, 31 Aug 2010 05:30:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10670023&ref=rss There is still a one-in-three chance of another crash, says Standard and Poor's global chief economist David Wyss."The recession is over but it is a half-speed recovery," he told a Breakfast With the Economists gathering in Auckland... newsfeeds@nzherald.co.nz Tue, 31 Aug 2010 05:30:00 +1200