Archive for December, 2011

Tenon shares trade 6.2% above buyback price as offer closes

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Tenon, the wood mouldings company, completed the buyback of 1.7 percent of its stock and has been rewarded with a share price now 6.2 percent higher than what it paid. Read more »

NZ dollar holds ground; all eyes on Italian bonds overnight

Article – BusinessDesk

Dec. 29 (BusinessDesk) – The New Zealand dollar traded steadily after an overnight selloff triggered by concerns over the European Central Bank’s ballooning balance sheet. Read more »

MARKET CLOSE: NZ share rise, bucking U.S. overnight slide

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Tiny volumes of shares traded on the NZX today, with shares drifting in the holiday atmosphere and a 0.3 percent rise in the NZX 50 Index to 3246.254. Read more »

Ngati Kuri acquire Waimarama Orchards

Press Release – Ngati Kuri

The Ngati Kuri Trust Board today announced the purchase of the 311 hectare Waimarama Orchards in a move described by Trust chairman Harry Burkhardt as the first in a series of steps planned by the Trust to rebuild the iwi’s economic future. Read more »

BayWa extends takeover offer for Turners & Growers by 30 day

Article – BusinessDesk

Dec. 29 (BusinessDesk) Germany’s BayWa Aktiengesellschaft extended its takeover offer for Turners and Growers until Feb. 8 after a sluggish response from minority shareholders and to give New Zealand’s Overseas Investment Office time to clear … Read more »

The World Of Free Energy

Article – Global Research

In the late 1880′s, trade journals in the electrical sciences were predicting free electricity and free energy in the near future. Incredible discoveries about the nature of electricity were becoming common place. Nikola Tesla was demonstrating … Read more »

Emirates Gets 2012 Off To Flying Start With Global Sale

Press Release – Emirates Airlines

Emirates, one of the world’s fastest-growing international airlines, is celebrating the New Year by offering exceptional discounts on airfares to more than 100 cities, when booking from now until January 9, 2012*. Read more »

UPDATED: Dominion Finance receivership nears end

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Dominion Finance Group, the failed finance company whose principals are facing theft charges, is nearing the end of its receivership with all but the lowest-quality properties yet to be realised. Read more »

IG Markets Opening Calls

Press Release – IG Markets

The S&P 500 fell 1.3% on a forex related move, after EUR/USD traded down to an eleven-month low. Read more »

Dominion Finance receivership nears end

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Dominion Finance Group, the failed finance company whose principals are facing theft charges, is nearing the end of its receivership with all but the lowest-quality properties yet to be realised. Read more »

Ad agencies’ holiday scramble for juicy privatisation gig

Article – BusinessDesk

Dec. 22 (BusinessDesk) – Advertising agencies are working through the Christmas holiday period to meet a Treasury request for proposals to provide the advertising and communications campaigns that will accompany the government’s partial privatisation … Read more »

NZ dollar falls as ECB balance sheet fears sap risk appetite

Article – BusinessDesk

Dec. 29 (BusinessDesk) – The New Zealand dollar fell against the greenback and the yen after the European Central Bank’s balance sheet grew to a record, underlining the scale of its efforts to support credit in the region and sapping investor appetite … Read more »

While you were sleeping: Euro worry remains

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Italy’s success at a debt auction today failed to stem concern about the hurdles ahead for the fiscally challenged country that needs to raise about 450 billion euros next year, highlighting the substantial challenges facing the euro … Read more »

UPDATED: MARKET CLOSE: NZ shares rise, led by Ebos

Article – BusinessDesk

Dec. 28 (BusinessDesk) – New Zealand shares rose, with Ebos Group providing the most interest in a very quiet day of trading between the traditionally somnolent Christmas and New Year holiday weekends in New Zealand. Read more »

MARKET CLOSE: NZ shares gain, Ebos bounces

Article – BusinessDesk

Dec. 28 (BusinessDesk) – New Zealand shares rose, with Ebos Group providing the most interest in a very quiet day of trading between the traditionally somnolent Christmas and New Year holiday weekends in New Zealand. Read more »

NZ dollar gains in subdued trading as global growth weighed

Article – BusinessDesk

Dec. 28 (BusinessDesk) – The New Zealand dollar made back some of its overnight decline against most currencies as traders weigh the risks to global growth from potential recession in Europe against better economic figures in the US. Read more »

Cambridge Stud Offers Keys to Eight Carat Family

Press Release – NZ Bloodstock

Sir Patrick and Lady Justine Hogan’s Cambridge Stud presents its stellar yearling selection online today as the first of this year’s Karaka vendors to be showcasing video footage of its 2012 yearling draft. Read more »

How Do You Know It’s Christmas? The Food Nazis Are out Again

Press Release – Solo New Zealand

SOLO-NZ Op-Ed: How Do You Know It’s Christmas? The Food Nazis Are out Again! Read more »

e-Books make borrowing even easier

Press Release – Whangarei District Council

Keen readers who want to avoid coming into town to borrow a book now have the option of doing their borrowing through their computer – thanks to the introduction of e-Books at Whangarei Libraries. Read more »

FV SPARTA on her way from the ice shelf

Press Release – Maritime New Zealand

Rescue Coordination Centre New Zealand today advised that repairs on the stricken vessel SPARTA are complete. She is now heading North to rendezvous with her sister ship. CHIYO MARU No 3 in the open ocean. Read more »

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