Archive for December, 2010

Southern Motorway closure

Press Release – New Zealand Transport Agency

The NZ Transport Agency is reminding drivers that the section of the Southern Motorway (State Highway 1) between Market Road and Greenlane will be closed for three consecutive nights to southbound traffic starting on Sunday, 2 January. One lane northbound will … Read more »

Lamprey – the vampire of the sea

Press Release – NIWA

Lamprey – the vampire of the sea. A shy, slimy, ancient fish, that looks like an eel but isn’t. It has a circular sucker for a mouth, and feeds by rasping a hole in its victim’s fishy-flesh. It starts life in freshwater, spends most of its life … Read more »

SFO opens probe into Bublitz’s Mutual Finance

Article – BusinessDesk

Dec. 30 (BusinessDesk) – The Serious Fraud Office opened a probe into the dealings of failed minor lender Mutual Finance Ltd. last week. Read more »

Fast food, rubber goods shine in ho-hum year for NZX 50

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Shares of Skellerup Holdings Ltd., the rubber goods and milking equipment maker, more than doubled in 2010, making it a standout in a year when the benchmark index eked out a 2.9% gain. Read more »

Stocks to watch: FBU, HGD, NZO, THL

Article – BusinessDesk

Dec. 30 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. Read more »

NZ dollar climbs to four-week high amid upbeat markets

Article – BusinessDesk

Dec. 30 (BusinessDesk) – The New Zealand dollar climbed to a four-week high against the greenback as upbeat financial markets encouraged investors to seek out riskier, or higher-yielding, assets amid thin trading volumes. Read more »

While you were sleeping: Confidence abounds

Article – Businesswire

(BusinessDesk) December 30 – Equities in North America and Europe edged higher as investors appeared confident about the economic outlook for 2011. Read more »

IG Markets: Afternoon Report

Press Release – IG Markets

Across Asia, regional markets are mostly firmer in light holiday trade following mostly higher leads from the US. The Hang Seng is the biggest gainer, up 0.7% while the Nikkei 225, Kospi and Shanghai Composite are all stronger between 0.2% and 0.3%. Read more »

MARKET CLOSE: NZ shares mixed in light trading; Rakon gains

Article – BusinessDesk

Dec. 29 (BusinessDesk) – New Zealand shares were mixed in subdued holiday season trading, with the NZX 50 Index edging lower paced by Pyne Gould Corp. and Rakon Ltd. leading gainers. Read more »

iPhone first for Challenge Wanaka

Press Release – Challenge Wanaka

iPhone first for Challenge Wanaka LAKE WANAKA, New Zealand (December 29, 2010) – New Zealand’s largest triathlon festival, Challenge Wanaka (9-15 January), is the first New Zealand triathlon to feature on iPhone, allowing supporters and triathlon … Read more »

IG Markets: Morning Prices

Press Release – IG Markets

On Wall Street overnight, the theme of extremely low volumes continued, although not quite as low as Monday’s record. Despite weaker-than-expected reads on consumer confidence and Case Schiller House Price Index, the major indices finished mostly … Read more »

Good and bad news in ComCom decisions

Press Release – Major Electricity Users Group

“The Commerce Commission decisions for monopoly electricity, gas and airfield services are a mixed bag for consumers” said Ralph Matthes, Executive Director of MEUG. He was commenting on the decision on 23rd December by the Commerce Commission on … Read more »

Tower Australia independent directors back Dai-ichi takeover

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Tower Australia Group Ltd.’s independent directors have unanimously endorsed a A$1.19 billion takeover offer from Japan’s Dai-ichi Life Insurance that would hand other shareholders a 47% premium from its last trading … Read more »

Whimp at it again as shareholders get low-ball offer

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Bernard Whimp, a businessman who offers to buy securities at low-ball prices by making a direct approach to investors, appears to have mounted a new campaign over the Christmas-New Year season to buy leading New Zealand stocks. Read more »

Another Candle Goes Out….

Press Release – NZ Skeptics Society

Denis was a founder member of New Zealand Skeptics, back in 1984 when it was known as the NZ Committee for Scientific Investigation of the Paranormal. For many years he was the face of organised scepticism in New Zealand, fronting up to the media … Read more »

Stocks to watch: GEL, GPG, NZO, PGC, PGW, PPL, WHS

Article – BusinessDesk

Dec. 29 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. Read more »

Commodity currencies rise as China cuts rare earth exports

Article – BusinessDesk

by Paul McBeth Dec. 29 (BusinessDesk) – The New Zealand dollar followed its Australian and Canadian counterparts higher as China cut rare earth exports, while the greenback was hit by weaker U.S. data. Read more »

While you were sleeping: Dug in for year end

Article – Businesswire

(BusinessDesk) December 29 – It wouldn’t have taken much convincing but the biggest dump of snow in six decades helped investors hold their ground – even in the wake of China’s Christmas interest rate rise. Read more »

New Concept in Fresh Food Retailing for Marlborough

Press Release – Benge and Co

Two iconic food retailers from Nelson are teaming up to deliver an exciting new concept in fresh food retailing in Blenheim. Read more »

Scientific findings pose challenge to Maori oral history

Press Release – Dr. Paul Moon.

A just-published study in the American journal “Proceedings of the National Academy of Sciences,” might have far-reaching implications for Maori oral history, says AUT University History Professor, Paul Moon. Read more »

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