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NZ Sharemarket Disappoints As Telecom Falls

NZ Sharemarket Disappoints As Telecom Falls
Wellington, March 17 NZPA - Telecom shares fell to a new all-time low today, making it difficult for the New Zealand sharemarket to keep up with other markets.

NZ Sharemarket Gains Early

Wellington, March 17 NZPA - The New Zealand sharemarket gained in early trading following a rally by stocks in the United States, after the US Federal Reserve kept monetary policy unchanged, with a nod to an improving economic recovery.

NZ Business Confidence Hits Positive In September

Wellington, Sept 30 NZPA - Business confidence continued to improve this month, with the National Bank Business Outlook survey hitting positive territory for the first time in over six years.

NZ Sharemarket Leaps After US Financial Bailout

Wellington, Sept 22 NZPA - The New Zealand sharemarket leapt ahead when trading started following the announcement that US authorities were proposing a $US700 billion ($NZ1.03 trillion) bailout of finance markets.

HBOS Loaned About $3b To NZ Businesses

Wellington, Sept 19 NZPA - British bank HBOS, which became another casualty of the credit crisis, has loaned about $3 billion to New Zealand businesses. Struggling HBOS is Britain's biggest mortgage lender and the owner of banks including Halifax and Bank of Scotland.

It's Business As Usual For NZ AIG Customers

Wellington, Sept 17 NZPA - American International Group (AIG) New Zealand says it is business as usual for customers of the troubled giant United States insurance company.

NZ Dollar Unsettled As Worries About Us Finance Sector Rekindled

Wellington, Sept 10 NZPA - The New Zealand dollar had an unsettled night as steep falls in United States stocks rekindled worries about a shaky US financial sector.

NZ Sharemarket Steady As Contact Gain Balances Telecom Fall

Wellington, Sept 9 NZPA - A strong rise in No 2 stock Contact Energy outweighed a disappointing Telecom, leaving the sharemarket virtually unchanged.

NZ Dollar Hovers Above Recent Lows

Wellington, Sept 9 NZPA - The New Zealand dollar hovered above its recent near-two-year low after it was caught up in moves to dump the Australian dollar and euro today.

NZ Sharemarket Remains More Cautious Than Overseas Counterparts

Wellington, Sept 9 NZPA - The New Zealand sharemarket was up about a third of a percent in early trade, as investors continued to show cautious enthusiasm for the US government's bailout of mortgage finance giants Fannie Mae and Freddie Mac.

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