Branding New Zealand

The world is in love with New Zealand. But are we failing to leverage these positive perceptions to grow our economy?

Sky City cinemas sold

Reuters

Sky City Entertainment Ltd has sold its cinema operations to Australia's Amalgamated Holdings.

Mixed day for NZD

November 24 - close

The New Zealand dollar was mixed and confined to a fairly narrow range today.

Market fades after strong start

November 24 - close

NZPA

The New Zealand sharemarket started strongly but faded in the afternoon session as the Australian market weakened and as an initial pubic offer (IPO) by Synlait was pulled.

Conditions improving - Pumpkin Patch

Children's clothing retailer Pumpkin Patch believes it is through the worst of the global recession and is seeing the return of some stability.

More Business headlines

Synlait deferring IPO

ING Property Trust delivers profit

Allied Farmers names Resimac as new investor

ComCom warns Contact, Trustpower

A CEO’s spare time

Zespri facing WTO questions

Impey quits after 10 years

Investors push SEC on climate-risk disclosure

US commercial property ‘pop’ mulled

Shoppers remain cautious as Christmas approaches

More Business headlines

Indices

	VALUE
NZX50	3,107.613	-5.363	-0.17%
ASX200	4,717.040	31.200	0.70%
DOW	10,450.950	132.800	1.30%
NASDAQ	2,176.010	30.000	1.40%
FTSE	5,355.500	104.100	2.00%
NIKKEI	9,497.680	-51.800	-0.50%
H-SENG	22,771.390	315.600	1.40%
NZX50 20 min delay, others last close

Top Movers

	PRICE
SVY	0.012	-0.006	-33.33%
ATM	0.100	0.017	20.48%
ALF	0.310	0.050	19.23%
WTL	1.450	0.150	11.54%
AWF	0.850	-0.085	-9.09%
WEL	0.130	0.010	8.33%
GLL	0.620	0.040	6.90%
Price as at 6:35 pm, 24 Nov

Currencies

RATE
Australian Dollar	0.791
Euro	0.486
British Pound	0.438
Hong Kong Dollar	5.618
Japanese Yen	64.310
Singapore Dollar	1.007
US Dollar	0.726
Price as at 8:10 pm, 24 Nov

Quiz: Business news and trivia

Australians are travelling more to New Zealand due to increased airline capacity, lower airfares and a favourable exchange rate, according to the latest traffic update from Auckland International Airport.

Power firms warned

The Commerce Commission has issued a formal warning to Contact Energy and TrustPower over possible bid-rigging behaviour.

The Second Wave

Zespri facing WTO questions

World

Woes limit US rebound

The US banking industry may have pulled back from the brink, but finance executives say they still face hurdles that will tighten credit.

Murdoch's Google trouble

Rupert Murdoch has spent months complaining that Google is ruining the newspaper business, and now he wants to do something about it.

Coal industry scores ETS sweetener

Hedge funds may get Lehman cash

US home sales hit high

Sales of previously owned US homes jumped last month to their highest level in more than 2-1/2 years.

Market Data

Allied names Resimac as new investor

Australia's Resimac Ltd has been named as the new investor in Allied Farmers Ltd.

Positive start for Australian shares

The Australian sharemarket has opened higher after US and European markets posted gains on positive US housing data and the impact of a weaker US dollar on commodities.