Archive for November, 2008

NZ Building Approvals Fall to Record Low

Nov. 28 – New Zealand home-building approvals to a record low last month amid evidence of a prolonged recession which is driving up the jobless rate and eroding household incomes.
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Warehouse Chair. Sees Downturn Lasting ‘Some Time’

Nov. 28 – Keith Smith, chairman of Warehouse Group, expects the current economic slump and weak consumer spending will last “for some time,” according to his presentation to the annual shareholders’ meeting today.
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Stocks to Watch: New Zealand Equity Preview

Nov. 28 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday.
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While You Were Sleeping: BusinessWire Overnight

Nov. 28 – ArcelorMittal, the world’s largest steelmaker, plans to eliminate as many as 9,000 jobs, or 3% of its global workforce, reflecting a drop in demand as the global economy slows.
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NZD Gains as Stocks Rally, Risk Appetite Rises

Nov. 28 – The New Zealand dollar extended its gain for a fifth day as Asian and European stocks rallied, giving investors the confidence to buy higher-yielding, or riskier assets.
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MARKET CLOSE: NZ Stocks Rise; Rakon gains 11%

Nov. 27 – New Zealand stocks rose, bringing the NZX 50 Index’s three-day rally to 3.6% as investors with a longer time horizon sought companies likely to maintain their dividends.
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AFFCO Turns to NZ$60.2 Mln Profit on One-Time Gain

Nov. 27 – AFFCO Holdings, the meat company that has outperformed the NZX 50 Index this year, turned to a full-year profit after a pick up in sales in the second half and a one-time gain from Dairy Trust.
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NBNZ Confidence Results Mirror 1987 Market Crash

Nov. 27 – New Zealand business confidence this month fell to levels not seen since the period immediately after the share-market crash of 1987, according to National Bank’s Business Confidence survey.
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Letter To New Minister Of Commerce

I am writing to you in my capacity as Chair of the Capital Market Development Taskforce to provide you with an interim report on measures that we recommend Government consider taking in response to the current financial crisis.
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Scoop Audio: Air NZ On Airbus Crash: 10:30am 28/11

In a conference call this morning Air New Zealand CEO Rob Fyfe updated media on the Airbus A320 crash in the Mediterranian. Onboard the aircraft were four Air New Zealand personel – a senior captian and three engineers.
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Tourist Set to Get Their Own Radio Station

International tourists will benefit from a new service designed to entertain, educate and navigate – all from the comfort of their rental car!
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Global coal costs of €360 billion in 2007

Warsaw, Poland – 27 November 2008 – Greenpeace today released an analysis showing that the global cost of coal was at least €360 billion last year alone. The report, “The True Cost of Coal” (1), released with the independent Dutch Institute CE …
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Concern for Air NZ, CAA staff on crashed Airbus

Transport Minister Steven Joyce says the Government is getting regular updates, and seeking briefings from officials, in the wake of the A320 Airbus crash in France, near the border with Spain.
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Assistance to stranded passengers

Due to the Airports of Thailand (AoT)’s suspension of services at Suvarnabhumi International Airport, all inbound and outbound flights were cancelled since 04.00 hrs. during 25-26 November 2008, causing inconvenience to over 3,000 passengers. The stranded …
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Another Congolese Journalist Killed

While adding his voice to the growing chorus of senior United Nations officials condemning last week’s murder of a Congolese journalist, the head of the UN agency tasked with defending press freedom today welcomed the call from Secretary-General Ban Ki-moon.
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Air New Zealand Media Conference

28 November 2008 An Airbus A320 operated by XL Airways of Germany has been lost in the Mediterranean.
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Air New Zealand Media Conference

28 November 2008 An Airbus A320 operated by XL Airways of Germany has been lost in the Mediterranean.
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ERMA Approves GM Onion Trial

The Environmental Risk Management Authority has approved with conditions an application from Crop and Food Research to field test genetically modified plants of the allium family, including onions, spring onions, leeks and garlic.
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ERMZ Approves GM Onion Trial

The Environmental Risk Management Authority has approved with conditions an application from Crop and Food Research to field test genetically modified plants of the allium family, including onions, spring onions, leeks and garlic.
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ERMZ Approves GM Onion Trial

The Environmental Risk Management Authority has approved with conditions an application from Crop and Food Research to field test genetically modified plants of the allium family, including onions, spring onions, leeks and garlic.
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