http://www.nzherald.co.nz/ Latest Markets headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Fri, 19 Mar 2010 16:00:10 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/markets/news/headlines.cfm?c_id=62 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10633026&ref=rss Kathmandu shares rose 7c to a new high in early trading on the New Zealand sharemarket, on top of a 19c gain yesterday after it reported its first interim result since being floated last November.The 3 per cent gain in the outdoor... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 10:57:10 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632993&ref=rss The New Zealand dollar climbed to a two-year high against the euro, as worries persisted about Greece's debt problems.The kiwi peaked at 0.5256 euro early today, according to Reuters data, and by 8am was only a little lower at... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 08:54:41 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632900&ref=rss Ten years ago IT entrepreneur Rod Drury was in San Jose airport when he heard some bad news about IBM."And we watched their share price tank and then suddenly the dominoes started to fall," Drury says.Over the course of a... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632899&ref=rss It's not often that a company is willing to admit things are worse than they appear but perhaps the XT mobile network saga has worn Telecom down.The embattled telco has made it clear that its share price did hit its lowest level... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632877&ref=rss Outdoor clothing and equipment retailer Kathmandu, which first listed on the New Zealand and Australian stockmarkets in November, is hoping for a chilly winter to boost sales.The company yesterday reported a net profit of $4.4... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632536&ref=rss Telecom's stock price hit an all-time low yesterday after it told the market that its share of the Government's new rural broadband initiative would cost it $168 million over three years.The shares closed down 4c at $2.17, a drop... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 00:37:37 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632879&ref=rss The Australian share market closed marginally higher after rising back into the black in the final minutes of trading, and the share price index futures contract ticked over from March delivery to June.Defensive stocks such as... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 19:04:43 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632862&ref=rss The New Zealand sharemarket rose today even though the share price of market heavyweight Telecom languished near an all-time low set yesterday.The benchmark NZX-50 index closed up 19.727 points, or 0.616 per cent, at 3220.686.... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 18:22:52 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632848&ref=rss The New Zealand dollar spent much of today trading in a narrow range after falling away from an eight-week high.It rose last night, when the United States currency fell against higher-yielding currencies after the Federal Reserve's... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 17:38:51 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632781&ref=rss Two former employees accused of helping fraudulent Wall Street financier Bernard Madoff program an old computer to generate false records have been indicted.Wednesday's indictment accuses computer programmers Jerome O'Hara and... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 11:36:58 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632679&ref=rss Telecom may be forced to cut its dividend payments, according to a hard hitting broker report written in the wake of Tuesday's rural broadband announcement.Australian-based Deutsche Bank analyst Sameer Chopra cut his target price... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632649&ref=rss A rival to the Bluff oyster being farmed in the Marlborough Sounds is proving popular but the Bluff industry says it is no real threat to its iconic product.The harvest of the Tio Point oyster is beginning this week for supply... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632647&ref=rss At first blush it looks like good news for exporters: Governor Alan Bollard's expectation that he will not have to push the official cash rate so high over the next few years.It is because there is a much wider margin than there... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632637&ref=rss NEW YORK - The chief executive of American Express saw his pay package drop 61 per cent last year as the credit card company's profits narrowed amid the downturn, according to an Associated Press analysis of a regulatory filing.Kenneth... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632631&ref=rss Greece won some respite from financial market pressure yesterday as ratings agency Standard & Poor's took the country off credit watch for a possible downgrade - a day after eurozone governments laid out a vague blueprint for possible... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632625&ref=rss The Australian share market closed stronger today as resources stocks benefited from higher commodity prices and sentiment was buoyed by the strongest quarterly increase in new home starts in eight years.The benchmark S&P/ASX200... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 18:59:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632624&ref=rss Telecom shares fell to a new all-time low today, making it difficult for the New Zealand sharemarket to keep up with other markets.The benchmark NZX-50 index closed down 6.837 points, or 0.213 per cent, at 3200.959. Turnover was... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 18:55:47 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632623&ref=rss The New Zealand dollar pushed on higher today, particularly against the Australian dollar.It was strong after the Federal Reserve kept United States interest rates unchanged and reiterated a pledge to keep rates "exceptionally... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 18:45:00 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632587&ref=rss New Zealand's government isn't trying to undermine Telecom in measures such as bolstering rural broadband services, said Communications Minister Steven Joyce.Telecom stock sank 1.4 per cent to $2.14 on the NZX today, the second... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 14:16:26 +1200 http://www.nzherald.co.nz/markets/news/article.cfm?c_id=62&objectid=10632555&ref=rss 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 newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 11:11:09 +1200