Thursday , April 26 2018
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Finance

Contact Energy plans to sell up to $125m of six-year bonds

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Contact Energy, which generates about a quarter of New Zealand’s electricity, plans to sell as much as $125 million of six-year bonds in the final step of its refinancing programme. The Wellington-based company will offer $100 million of unsecured, unsubordinated, fixed-rate bonds to institutional investors and New Zealand retail investors, with the …

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World Week Ahead: China and the Fed

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ECONOMY  The Federal Reserve is preparing for its annual meeting in Jackson Hole amid intensifying concern the slowing growth in China will impact the global economy and US corporate profits. Wall Street sank last week, along with other equity markets, as did US oil which briefly slid below US$40 a …

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Wheeler downplays scope for ‘large’ rates fall; kiwi gains

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Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. Wheeler gave a balanced view of the economy in a …

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Silver Fern Farms suspends shares pending capital raising news

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Meat processor Silver Fern Farms has suspended trading of its shares on the Unlisted exchange until further notice as it continues with its capital raising initiatives. The company said it would make no further comment at this stage. Shares in the co-operativee last traded at 35 cents, valuing SFF at …

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