Pyne Gould negotiates $8.9M exit from EPIC fund management

Article – Businesswire

Feb. 14 (BusinessDesk) – Pyne Gould Corp, which has effectively been taken over by major shareholders George Kerr and Baker Street Capital, has negotiated an $8.9 million exit from the management of Equity Partners Infrastructure Company No 1 (EPIC). Read more »

NZ home sales recover in January as listings still lag

Article – Businesswire

Feb. 14 (BusinessDesk) – New Zealand home sales climbed by more than a quarter in January from the same month last year as the market gradually recovers momentum after an extended lull. Read more »

MARKET CLOSE: NZ shares fall after Mainfreight result

Article – Businesswire

Feb. 14 (BusinessDesk) – New Zealand shares fell, led by Mainfreight after the transport group posted quarterly earnings that missed some estimates. Air New Zealand and Freightways also declined. Read more »

NZ dollar falls below 83 US cts after Moody’s Europe cuts

Article – Businesswire

NZ dollar falls below 83 US cts as global optimism fades with Moody’s downgrades

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World Week Ahead: Last roll of dice for Greece

Article – Businesswire

Feb. 13 (BusinessDesk) – Investors are once again reminded they shouldn’t count their chickens until they’re hatched. The fate of Greece within the euro zone appears set to be decided within days. Time has run out. The Greeks have no one to blame but … Read more »

Christchurch house buyers expecting big price rises

Article – Businesswire

Feb. 12 (BusinessDesk) – House price inflation expectations were greatest in Christchurch at the end of last year, according to an ACNielsen poll for ASB’s monthly Housing Confidence Index. Read more »

World Week Ahead: European debt, American profits

Article – Businesswire

World Week Ahead: European debt, American profits By Margreet Dietz Jan. 9 (BusinessDesk) – The second week of the New Year may prove more telling for investors than the first with a slew of European nations set to tap debt markets and corporate America set … Read more »

UPDATED: Hotchin cuts deal with IRD over forestry investment

Article – Businesswire

Jan. 4 (BusinessDesk) – Former Hanover Finance boss Mark Hotchin cut a deal with the tax department after an audit of one of his forestry investments forced him to wind up the companies involved. Read more »

Dairy product prices fall 0.7% in first GDT auction for 2012

Article – Businesswire

Jan. 4 (BusinessDesk) – Prices of dairy products fell in the first sale on Fonterra Cooperative Group’s GlobalDairyTrade platform for 2012, paced by whole and skim milk powder. Read more »

NZ GDP grows 0.8% in 3Q, on manufacturing; inventories surge

Article – Businesswire

Dec. 22 (BusinessDesk) – The New Zealand economy expanded at the fastest pace since 2009 in the third quarter, beating estimates, as manufacturers cranked up production, making up for a contraction in the construction industry. Read more »

Dairy product prices fall 1.6% in GlobalDairyTrade auction

Article – Businesswire

Dec. 21 (BusinessDesk) – Prices of dairy products fell for the first time in three sales on Fonterra Cooperative Group’s GlobalDairyTrade platform, with declines in most of the products on offer. Read more »

World Week Ahead: American GDP, housing

Article – Businesswire

World Week Ahead: American GDP, housing By Margreet Dietz Dec. 19 (BusinessDesk) – Investors are painfully aware that Europe’s debt troubles are far from resolved and the world’s major credit agencies are loudly reminding – and are expected to … Read more »

World Week Ahead: Fed, US consumers

Article – Businesswire

World Week Ahead: Fed, US consumers By Margreet Dietz Dec. 12 (BusinessDesk) – While Europe has agreed on new measures to combat its fiscal woes, investors have shifted their focus to the global economic impact of the euro zone’s months of dithering. … Read more »

Pencarrow Private Equity targets firms on the cusp of growth

Article – Businesswire

Pencarrow Private Equity targets firms on the cusp of expansion with new $77 mln fund Read more »

NZ dollar weakens ahead of Europe’s do-or-die summit

Article – Businesswire

Dec. 9 (BusinessDesk) – The New Zealand dollar fell as European leaders gather in Brussels for what is seen as a make-or-break summit to reach agreement over the region’s debt crisis. Read more »

While you were sleeping: ECB move discounted

Article – Businesswire

Nov. 17 (BusinessDesk) – Clouds darkened over the euro zone as rising borrowing costs prompted the European Central Bank to buy Italian and Spanish bonds, though not aggressively enough to bolster markets. Read more »

While you were sleeping: ECB move discounted

Article – Businesswire

Nov. 17 (BusinessDesk) – Clouds darkened over the euro zone as rising borrowing costs prompted the European Central Bank to buy Italian and Spanish bonds, though not aggressively enough to bolster markets. Read more »

While you were sleeping: Lift from US retail sales

Article – Businesswire

Nov. 16 (BusinessDesk) – A report showing better-than-expected US retail sales helped, in part, offset lingering concerns about the impact of Europe’s raging fiscal crisis on the recovery of the world’s largest economy. Read more »

While you were sleeping: Italy, Spain and Buffett’s bet

Article – Businesswire

Nov. 15 (BusinessDesk) – Stocks on both sides of the Atlantic dropped, as did the euro, after investors demanded the highest yield since 1997 to buy Italian debt and Spanish bonds hit the radar. Read more »

While you were sleeping: Jobless claims, trade deficit fall

Article – Businesswire

Nov. 11 (BusinessDesk) – Wall Street advanced as investors focused on some positive news from the home front, including better-than-expected jobless claims data and Cisco Systems earnings. Read more »

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