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Nobel crunched by crisis

The Nobel Foundation might have to reduce the money it awards winners of its prestigious prizes due to the effects of the global financial crisis, its director said.

Telecom breach prompts warning

NZPA

The Commerce Commission is warning business that their products must live up to their marketing hype after Telecom New Zealand Ltd was fined $500,000 in the Auckland District Court after pleading guilty to 17 charges of breaching the Fair Trading Act.

NZ dollar could push lower

By PAUL MCBETH

The New Zealand dollar faces a tough week ahead of the central bank's monetary policy statement on Thursday.

Wholesale trade continues fall

By JAMES WEIR - The Dominion Post

Wholesale trade sales fell for a fifth consecutive quarter, down 0.8 per cent ($154 million) in the September 2009 quarter, Statistics New Zealand says.

NZX amending dividend policy

NZX Ltd, one of the best performing stocks this year, is planning a share split and will base its dividend policy on operating earnings rather than net profit.

Indices

  VALUE MOVEMENT
NZX50 3,138.579 arrow -7.878 -0.25%
ASX200 4,702.220 arrow -72.400 -1.50%
DOW 10,388.900 arrow 22.800 0.20%
NASDAQ 2,194.350 arrow 21.200 1.00%
FTSE 5,322.360 arrow 9.400 0.20%
NIKKEI 10,022.590 arrow 44.900 0.50%
H-SENG 22,498.150 arrow -55.700 -0.30%
NZX50 20 min delay, others last close

Top Movers

  PRICE MOVEMENT
Market Opening Soon

Currencies

RATE
Australian Dollar 0.783
Euro 0.482
British Pound 0.435
Hong Kong Dollar 5.555
Japanese Yen 64.400
Singapore Dollar 0.995
US Dollar 0.717
Price as at 8:10 pm, 7 Dec
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Hanover urges investors to be positive

Hanover Finance shareholders have been urged to put aside the company's poor performance and any animosity towards the company's directors in voting on a takeover offer by Allied Farmers.

Trustpower names new CEO

TrustPower Ltd has named Vince Hawksworth, currently chief executive of Hydro Tasmania, as chief executive.

Fonterra farmers mull share options

Telecom fined $500k

Australian job ads rise

Jobs pages in newspaper The number of jobs advertised in major Australian newspapers and online rose in November as the economy picked up pace, a survey shows.

Qantas ventures hit by slump

Qantas’s most celebrated acquisition this decade, Star Track Express, has failed to live up to its high-growth promises.

ANZ completes Vietnam acquisition

Developers eye Packer HQ

US flag

America’s demise

US media chiefs this week entertained somber thoughts about the future of the United States, as several saw a fading superpower hobbled by the recession.

NZ sharemarket weak but NZX strong

The New Zealand sharemarket started a week with a whimper but the price of market operator NZX bolted higher.

NZ lower on back of US dollar

The New Zealand dollar consolidated at lower levels today after the US dollar rose during the weekend on data showing the United States lost far fewer jobs than expected last month.

Aussie investor confidence grows

Risk appetite set to fade

Bear and bull

Wall St: Week ahead

If the bulls have their way, Wall Street's rally will keep going this week on signs of stability in the labor market.

Back to basics for Xmas

trademe Trampolines, tents, barbeques, and bikes were among the most searched items on online auction site Trade Me as New Zealanders head into Christmas.

Hire for Attitude, Train for Skill

Many of us have kids who have just finished their exams, whether they be NCEA or University.

Pay rises go in tough times, survey

Hanover urges investors to be positive

A house

Recovery gains look temporary

House prices continue to recover, though there is a shortage of listings in a silent spring market.

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