Business News

Friday, 24 May 2013

Business News

Kiwi dollar tipped to fall further
21:11 | 24/5/13

3News
The New Zealand dollar is expected to fall below 80 US cents next week. more»
US retailers weighing on orange roughy prices, Sanford says
18:12 | 24/5/13

Scoop
May 24 (BusinessDesk) – Prices for orange roughy are at their lowest in 3-4 years, partly as a result of some US retailers boycotting the species because of concerns about the sustainability of the fishery, Sanford says. more»
MARKET CLOSE: NZ shares drop on profit taking, Fed jitters
18:10 | 24/5/13

Scoop
May 24 (BusinessDesk) – New Zealand shares tumbled as investors took advantage of weaker Chinese growth and hints of a possible end to quantitative easing in the US to take profits on companies that have propelled the NZX 50 Index to record highs ... more»

Bupa gains court approval to buy Dental Corp in Aust, NZ
17:36 | 24/5/13

Scoop
May 24 (BusinessDesk) – Bupa Group, a London-based healthcare provider, gained court approval to buy Dental Corp, Australia and New Zealand’s largest dental group, for 244 million British pounds. more»
NZ dollar faces more downside
17:14 | 24/5/13

Scoop
May 24 (BusinessDesk) - The New Zealand dollar will likely fall below 80 US cents next week as an improving US economy and growing speculation the Federal Reserve will start unwinding its asset purchase programme spurred supporters for the greenback. more»
Labour's Solid Energy inquiry bid fails
16:56 | 24/5/13

3News
The Labour Party has failed in its bid for an inquiry into the collapse of state-owned company Solid Energy. more»
TripAdvisor names Southern Discoveries one of world’s best
16:51 | 24/5/13

Scoop
Premier South Island tourism operator Southern Discoveries has cemented its position as one of the country’s best tourism operators with two prestigious accolades from the world’s largest travel community TripAdvisor. more»
Letter to PM - NZKGI Supports Kiwifruit Industry Structure
16:31 | 24/5/13

Scoop
As this country’s kiwifruit grower representative body, NZKGI can assure you that growers overwhelmingly support the current industry structure and Zespri as its marketer. Zespri’s historical issues in a single market do not diminish growers’ support ... more»
Real Journeys named preferred bidder for Cardrona Alpine Res
16:25 | 24/5/13

Scoop
Key New Zealand tourism player Real Journeys has been named today as the preferred bidder in the sale of Cardrona Alpine Resort in Wanaka. more»
Greens are 'hypocrites' - Ryall
15:57 | 24/5/13

3News
The Govt says it's hypocritical of the Greens to criticise the number of 'mum and dad' Mighty River Power investors, when they were responsible for "frightening them off". more»
Gold Up 1.5% As Global Stocks Fall After Nikkei Crashes 7.3%
15:40 | 24/5/13

Scoop
Gold is up today while stock indices globally are sharply down after the Nikkei crashed 7.3%. The stock crash in Japan is leading to weakness in European equities and will lead to losses when U.S. markets open. more»
ECOYA Audited Year End Result – 31 March 2013
15:22 | 24/5/13

Scoop
Ecoya Limited (NZX: ECO) has today announced its audited result for the year ended 31 March 2013. more»
New Crown Minerals Regime comes into force
15:20 | 24/5/13

Scoop
The amended Crown Minerals Act regime is designed to: - encourage the development of Crown-owned oil, gas and mineral resources - streamline the regime where appropriate and make it better able to deal with future developments - ensure there is better ... more»
Bupa to Complete Acquisition of Leading Dentistry Group
15:20 | 24/5/13

Scoop
The Supreme Court of Victoria today approved the Scheme of Arrangement for Bupa Australia Health Pty Ltd to complete its full acquisition of Dental Corporation Holdings Limited (Dental Corporation). more»
ACC contacting clients over possible interest payments
15:15 | 24/5/13

Scoop
ACC has begun contacting clients who may benefit from a recent Court of Appeal decision that clarified circumstances in which interest should be paid on back-dated weekly compensation. more»

Global Indices

Code	Last	Change
NZ50	4,526	62	1.36%
COMP	3,459	4	0.11%
DJI	15,295	13	0.08%
SP500	1,651	5	0.29%
DAX	7,789	91	1.15%
FTSE	6,697	143	2.10%
NI225	12,494	22	0.18%
TWI	76.21	0.18	0.23%

11:07	Aussie dollar plummeting
08:33	NZ dollar bounces back from 8-month low
09:04	NZ dollar bounces back from lows
05:33	F&P Healthcare earnings soar
09:55	Australian dollar rallies at the open

Code	Last	Change
EURUSD	1.299	0.006	0.46%
NZDUSD	0.8092	0.0014	0.17%
AUDUSD	0.9677	0.0067	0.69%
NZDAUD	0.8363	0.0006	0.07%


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