Sharemarket News .
nzherald.co.nz - Markets
4 Sep 2010 at 7:00am
Settlement system ready
NZX's new NZCDC Settlement System has passed a regulatory hurdle ahead of its start date on Monday. The Reserve Bank and the Securities Commission yesterday declared the new NZX system a designated settlement system under the...
Savvy investors stockpile gold as recession proof boom continues
Investors are accumulating enough bullion to fill Switzerland's vaults twice over as gold's most-accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds.Analysts raised...
Market rises for third straight day
The New Zealand sharemarket rose for a third consecutive day but trading was tentative ahead of tonight's non-farm payroll report in the United States.Rising risk aversion took a toll on equity markets during August, BNZ said...
NZ shares up after good overseas data
The New Zealand sharemarket rose in early trading as encouraging US data kept investors optimistic ahead of tonight's US monthly payroll figures.With stable US jobless claims and a surprise increase of pending home sales, overseas...
Upturn in Fonterra powders sets scene for futures trade
Significant price lifts in Fonterra's internet auction of commodity milkpowders have set the scene for the start of NZX trading in global dairy futures contracts.Dairy futures trading has previously been tried with little success...
PGC in talks to buy Aegis from ASB
Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank to buy fund management business Aegis. PGC expects to say more about the potential acquisition by the end of this month. The exclusive...
NZ at top of IMF shock chart
New Zealand is among a group of five advanced economies whose Government finances have the most capacity to deal with unexpected shocks, according to a study by International Monetary Fund economists.The others are Australia,...
Big gains from Russia's troubles
Prices in dairy co-operative Fonterra's online auction bounced back strongly yesterday with the world feeling the effect of a Russian wheat export ban.The average price of a basket of products increased by 16.9 per cent, having...
Take Olam deal, NZ Farm Systems shareholders told
NZ Farming Systems shareholders have been told by the company's directors to accept the takeover offer made by the Singapore shareholder Olam.In an announcement to the NZX, the company said that after the withdrawal the of rival...
Former Lehman boss comes out fighting at crisis inquiry
Dick Fuld, the former chief executive of Lehman Brothers, let loose his bitterness at the US government's failure to save his firm in 2008, saying that the company was solvent even in the dying hours of the Sunday that sealed its...