Agriculture outlook positive
Rabobank says New Zealand agriculture should benefit from continuing global economic recovery this year.Coal deal challenges pledge
By COLIN ESPINER - The Press
Prime Minister John Key's insistence that New Zealand can close an income gap with Australia has been dealt a further blow, with the signing of an $85 billion deal to export coal to China.
Deutsche eyes NZ's Craigs Investments
By GARETH VAUGHAN - BusinessDay
Global giant Deutsche Bank is understood to be eyeing a slice of local share broking firm Craigs Investment Partners.
Warehouse seeks to raise $100m
By GARETH VAUGHAN - BusinessDay
The Warehouse says it will seek up to $100 million through a public debt offer.
NZX slips at open
NZPA
10:40am The New Zealand sharemarket dropped in early trading, with Contact Energy down 5c as it remained stuck in a narrow range after falling from a four-month high in early January.
Indices
| VALUE | MOVEMENT | |||
|---|---|---|---|---|
| NZX50 | 3,077.707 | ![]() |
-15.744 | -0.51% |
| ASX200 | 4,521.350 | ![]() |
7.300 | 0.20% |
| DOW | 10,012.230 | ![]() |
10.100 | 0.10% |
| NASDAQ | 2,141.120 | ![]() |
15.700 | 0.70% |
| FTSE | 5,060.920 | ![]() |
-78.400 | -1.50% |
| NIKKEI | 9,951.820 | ![]() |
-105.300 | -1.10% |
| H-SENG | 19,550.890 | ![]() |
-114.200 | -0.60% |
| NZX50 20 min delay, others last close | ||||
Top Movers
Currencies
| RATE | |
|---|---|
| Australian Dollar | 0.792 |
| Euro | 0.500 |
| British Pound | 0.438 |
| Hong Kong Dollar | 5.303 |
| Japanese Yen | 60.840 |
| Singapore Dollar | 0.971 |
| US Dollar | 0.683 |
| Price as at 11:10 am, 9 Feb | |
Business confidence easing, survey
A new survey shows business confidence easing in the past month, but remaining firmly positive.
Monaco Village faces liquidation bid
A Nelson company that developed the $60 million Grand Mercure Nelson Monaco appears to have struck financial problems.
Gough mines $63m deal
Student helps 'trim' manufacturer
Toyota prepares for Prius recall
Japanese carmaker Toyota Motor Corp said it was preparing a global recall of its new Prius model, risking a fresh dent to its battered reputation for quality and reliability.
Lawyers lining up for Toyota pot shot
Law firms across the United States are scrambling for a chance at the mother lode: a lawsuit against embattled, but cash-rich Toyota Motor Corp.
US recession fears fade
Further cutbacks at Nokia
Boys' toys help Hasbro
Hasbro, the second biggest US toymaker, said its profit surged in the fourth quarter on sales of boys' action figures and other toys as well as strong licensing revenue.
Stocks to watch: Feb 9
The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified.
Dollar down ahead of Key speech
The New Zealand dollar opened locally a little softer ahead of Prime Minister John Key's opening statement to Parliament later today, in which he is set to partially unveil the Government's tax reform package.
Gold prices on the up
Greenback strength supports oil
Wall Street reverses early gains
The Dow industrials closed below 10,000 for the first time since November as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
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On the block: houses, tax and angry investors
The government needs to get some balls. One minute they are cosying up to us private property investors to provide them with solutions; the next minute they are treating us like pariahs. It's bizarre.''
Eight things property investors should know
Ernst & Young tax partner Jo Doolan outlines the Tax Working Group's proposals that will impact on property investors:
Time to buy, not book, a bach?
Loss looms for finance company
Playing it safe with shares
Barbara Drury gives some expert advice on selecting safe shares for the long haul with Warren Buffett's help.
Vicious Facebook attack on new Burnside High principal
Tax plan will hit property investment
Fake speed radars used to fool motorists
Winner of $25 house raffle announced
Transplant a gift of life for Aria
Brangelina to sue over split claims
Tax plan will hit property investment
Fake speed radars used to fool motorists
Waitangi and how far we have to go
Workers miss out on public holidays
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