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Financial News - New Zealand
Financial news headlines from Reuters Finance NZ 
 
Blue diamond fetches & #36;5 mln, sets record per carat 
GENEVA, May 16 (Reuters Life!) - A pear-shaped blue diamond has sold for 5.2 million Swiss francs ( & #36;4.93 million), setting a new world record price per carat for any gemstone, Sotheby's said on Friday.
Fri, 16 May 2008 19:26:38 GMT
 
NZ dollar hangs on to gains, debt softer 
WELLINGTON, May 16 (Reuters) - The New Zealand dollar NZD= held on to limited gains on Friday, clawing back some lost ground after a week of negative data dimmed the economic outlook and hastened the prospect of lower interest rates.
Fri, 16 May 2008 15:34:29 GMT
 
NZ power company Genesis Energy appoints new CEO 
WELLINGTON, May 16 (Reuters) - New Zealand electricity company Genesis Energy said on Friday it had appointed former Oceanagold OGC.AX executive Albert Brantley to be its new chief executive.
Fri, 16 May 2008 13:18:26 GMT
 
NZ dollar tumbles on weak sales data, debt firms 
WELLINGTON, May 15 (Reuters) - The New Zealand dollar NZD= hit fresh four-month lows on Thursday after a sharp fall in domestic retail sales highlighted the rapidly slowing economy and bolstered expectations of interest rate cuts.
Thu, 15 May 2008 15:43:10 GMT
 
NZ Q1 retail sales tumble, raise recession risk 
WELLINGTON, May 15 (Reuters) - New Zealand retail sales tumbled at their fastest pace in 11 years in the first quarter, raising the spectre of recession just as the government promised tax cuts and more spending to prop up the flagging economy.
Thu, 15 May 2008 14:48:09 GMT
 
TEXT-Air NZ to raise short-haul int'l fares by 3 pct 
WELLINGTON, May 15 - Air New Zealand's trans-Tasman and Pacific Island airfares are to rise by an average three percent as a result of ever increasing fuel prices.
Thu, 15 May 2008 12:012:06 GMT
 
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