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Archive for April, 2009

MARKET CLOSE: NZ shares rise on low-rates outlook

Article – Businesswire

April 30 – New Zealand’s NZX 50 Index rounded out a 5.8% monthly gain, rising today after the central bank said it will keep its benchmark interest rate low through the second half of 2010 and shares rallied globally on more upbeat comments from …
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Freightways lifts 9-month profit

Article – Businesswire

April 30 – Freightways Ltd., whose courier and freight delivery units include New Zealand Couriers, Kiwi Express and SUB60, posted a 4% gain in nine month profit, saying its ‘resilient’ business model buffers the company from recession.
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ASB’s ERA Fees Confirmed By Commerce Commission

Press Release – ASB Bank

The Commerce Commission has completed the first phase of its investigation into the fixed rate loan break fees charged by New Zealand banks and has confirmed that ASB’s calculation based on the CCCFA methodology is reasonable and that it will not be …
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Banks Can Do Better In Passing On Low Rates

Press Release – Auckland Chamber of Commerce

Banks have a major role to play to pass on lower wholesale rates to their small business customers, and help the economy to recover.
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Speech: Flavell – Protected Disclosures Amendment

Press Release – The Maori Party

Exactly one month ago, my colleague, Rahui Katene, stood at the second reading of this Bill and spoke to the concepts of accountability, transparency, credibility as at the core of this legislation. I thought it was a pretty good place to start …
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Unemployment Benefit – Numbers Almost Double

Press Release – Lindsay Mitchell

Data just released by the Ministry of Social Development show that numbers on the unemployment benefit have nearly doubled over the last year to 37,000. “While this was largely expected the equally bad news is that every main benefit has seen an …
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Ministry of Fisheries becomes by-catch

Press Release – Green Party

The Green Party is alarmed at today’s proposed restructuring of the Ministry of Fisheries, which ignores sustainability and environmental issues that threaten the fishing industry’s future and our clean green image. “Protecting the sustainability of the fisheries …
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Still more to do on interest rates

Press Release – Manufacturers and Exporters Association

The Reserve Bank of New Zealand (RBNZ) cut the Official Cash Rate (OCR) by 50 basis points this morning leaving New Zealand’s interest rates much higher than many of our international competitors. The New Zealand Manufacturers and Exporters Association …
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Freightways Trading Update

Press Release – Freightways

An update on the trading performance of Freightways Limited (‘Freightways’) for the nine months ended 31 March 2009 is provided below. These results are drawn from unaudited management accounts.
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Plan to cut 29 positions at Ministry of Fisheries

Press Release – Public Service Association

The Public Service Association is concerned about restructuring at the Ministry of Fisheries which proposes cutting 29 positions. Staff at the Ministry have been briefed about restructuring this afternoon. “The Ministry of Fisheries has a huge job to …
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Airport Commits $450m To Regional Growth

Press Release – Wellington Airport Limited

Wellington Airport announced today its plan to invest $450 million over the next 20 years to deliver a premier regional gateway for over 10 million passengers, more than double today’s numbers.
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Fatal Motorcycle Crash In Hamilton

Press Release – New Zealand Police

While Waikato Police work to establish the cause of a fatal motorcycle crash in Hamilton this afternoon the name of a Te Kuiti man killed in a smash near Pirongia on Tuesday night has been released. He was Anthony Whareroangatapara Marsh, 22, of Te Kuiti. …
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