US fourth-quarter earnings season picks up speed in the coming days with some of the major banks reporting. A slew of banks are set to report this week, including Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup and Morgan Stanley. Earnings for financial companies in the S&P 500 grew 16 percent in the fourth-quarter, according to data compiled by Bloomberg. …
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ANZ Morning Brief: Blue skies ahead?
BLUE SKIES AHEAD? Markets have started the year on a reasonably positive note. Linked to this are positive signs from China , the side-stepping of the US fiscal crevasse, with the Japanese government announcing ¥10.3tr in stimulus measures thrown in for good measure. There are casualties from this financial market exuberance and we sympathise with NZ exporters battling the high NZD. …
Read More »Day 1: Welcome to Beijing
On the Road is a daily blog kept by Alexander Speirs documenting NZ Inc’s January 2013 research visit to China, Hong Kong and South Korea. persuasive essays on abortion Well, we’re finally here. Following a long day on the road, Fran and I have safely made it to our hotel in Beijing. If you’ve seen the news in the past …
Read More »Fonterra’s dairy trumps Cavalier’s wool in NZX 50 reshuffle
The Fonterra Shareholders’ Fund, whose units soared 26 percent on their first day of trading, will tip wool carpetmaker Cavalier Corp out of the benchmark NZX 50 index this month. The Fonterra fund, which has surged by a third from their $5.50 offer price, has met the ranking and liquidity requirements and will join the benchmark index on Jan. 21, …
Read More »MARKET CLOSE NZ shares rise for fifth session; Skellerup, Cavalier lead
New Zealand shares rose for a fifth straight session, as the local market continued to bask in its status as relatively high yielding in an economy that’s growing modestly. Skellerup Holdings and Cavalier led gainers and Fletcher Building reached a 19-month high. The NZX 50 rose 12.67 points, or 0.3 percent, to 4131.754, a new five-year high. Within the index, …
Read More »British Foreign Secretary William Hague in NZ next week
United Kingdom Foreign Secretary William Hague will visit New Zealand next week, Foreign Affairs Minister Murray McCully announced today. “I look forward to welcoming Mr Hague to New Zealand for the second time in two years,” McCully says. McCully and Hague will hold formal bilateral talks in Auckland on Tuesday , January 15. “This is an excellent opportunity to address critical foreign …
Read More »China’s Yashili International to set up shop in NZ with $210M milk processing operation
essays about love Yashili International Holdings, which manufactures and distributes infant milk formula products in China, is the latest Chinese company looking to invest in New Zealand, with plans to build a 1.1 billion yuan ($210 million) processing plant. The Chaozhou City, Guangdong-based company’s board signed off on a project to set up a manufacturing facility in New Zealand to …
Read More »Michael Hill says Christmas trading missed forecasts, 1H earnings to be $34M to $36M
Michael Hill International, the jewellery chain that bears its founder’s name, said sales growth stalled in the second quarter, which limited earnings growth in the first half of the year. “December quarter sales, including the critical Christmas trading period, fell short of our forecasts and didn’t deliver the improvement over last year that the company had expected,” the Brisbane-based company …
Read More »Face-to-Face: Bill Maroni
While on a short stop in Auckland, newzealandinc.com caught up with Bill Maroni – CEO & President of the United States -New Zealand Council. We talk about his upcoming event – the United States-New Zealand Pacific Partnership Forum 2013 – innovation within the space and the increasing importance of Pacific dialogue. essay writing service You can find our coverage in the …
Read More »Chinese engine kicks into gear
Wall Street advanced as better-than-expected exports data from China underpinned hope the world’s second largest economy will help propel growth elsewhere. China’s overseas shipments jumped 14.1 percent from a year earlier last month. That compared with the 5 percent median forecast in a Bloomberg News survey of 40 economists. And the US replaced the EU last year as China’s largest …
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