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Archive for December, 2008

Air NZ gains, retailers slide as 2008 ends

Dec. 31 – Air New Zealand rose 7.8% on the final day of 2008 while retailers Michael Hill International, Pumpkin Patch and Hallenstein Glasson Holdings fell, rounding out the worst year for the benchmark since 1990.
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NZ dollar rounds out worst year since 1984

Dec. 31 – The New Zealand dollar capped off its worst year in 24 against the U.S. dollar, and is likely to extend its decline as the global economy deteriorates in 2009.
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Stocks to Watch: New Zealand Equity Preview

Dec. 31 – 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 – overnight wrap 31/12

Dec. 31 – Stocks on Wall Street advanced as investors welcomed the federal government’s US$6 billion of financial aid for GMAC, the finance unit of General Motors.
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NZ stocks mixed, Goodman Fielder gains

Dec. 30 – New Zealand stocks were mixed, with 25 gainers and 17 declining companies on the NZX 50 Index, which rose just 0.02% in its third daily gain.
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PM welcomes world-first biofuel test flight

Prime Minister and Tourism Minister John Key has congratulated Air New Zealand for its successful test flight today of a biofuel-powered Boeing 747 aircraft.
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Air NZ Test Flight Proves Viability of Biofuel

The world’s first commercial aviation test flight powered by the sustainable second-generation biofuel jatropha has been successfully completed in Auckland.
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Air New Zealand succeeds with biofuel flight

New Zealand’s Energy Efficiency and Conservation Authority has congratulated Air New Zealand for its successful test flight using second-generation biofuels.
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NZ dollar hits 7 month high vs pound

Dec. 30 – The New Zealand dollar reached a seven-month high against the British pound after a report showed the slump in U.K. property prices would extend into next year, indicating a prolonged recession.
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Stocks to Watch: New Zealand Equity Preview

Dec. 30 – 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 wrap

Dec. 30 – Stocks on Wall Street fell, with Dow Chemical Co. slumping 20% after funding for its takeover of Rohm & Haas Co. fell through. Oil companies rose after the price of oil advanced on tensions in the Gaza Strip.
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NZ meat exports at risk after ill-informed comment

“New Zealand’s superb on farm verification standards means we are streets ahead of Australia in terms of sheep meat and other exports into the European Union,” said Lachlan McKenzie, Federated Farmers board spokesperson.
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