3News

Facebook investors could be compensated

Fri, 25 May 2012 15:38:00 +1200

Morgan Stanley may compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO

Spain injects €9 billion into Bankia

Fri, 25 May 2012 09:53:00 +1200

The Spanish government has announced it's injecting another €9 billion into its nationalised bank, Bankia.

NZ dollar rises on sign of European unity

Fri, 25 May 2012 09:43:00 +1200

The New Zealand dollar gained after Italian Prime Minister Mario Monti said Greece will probably keep the euro, easing concerns about the fragility of Europe.

Facebook stock climbs, but company faces lawsuits

Thu, 24 May 2012 10:14:00 +1200

Facebook's fourth day of trading as a public company brought shareholder lawsuits, and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering.

Commercial space race gets crowded behind SpaceX

Thu, 24 May 2012 09:49:00 +1200

A privately built space capsule that's zipping its way to the International Space Station has also launched something else: A new for-profit space race.

HP to shed 27,000 employees

Thu, 24 May 2012 08:40:00 +1200

The cuts announced Wednesday represent the HP's largest payroll purge in its 73-year history.

Greece crisis: Pressure on Eurozone leaders

Thu, 24 May 2012 08:17:00 +1200

Europe's leaders gather in Brussels under mounting pressure to soften their tough-love approach to the weaker economies among them.

IMF: UK must do more to boost economy

Wed, 23 May 2012 11:37:00 +1200

The International Monetary Fund has issued a tough assessment of UK economic policy, urging the coalition government and Bank of England to do more to boost demand in the economy.

Europe's leaders to tackle growth at summit

Wed, 23 May 2012 08:32:00 +1200

The leaders of the 27 countries that make up the European Union are to meet in Brussels to try and find a way to keep the debt crisis in Europe from spiralling out of control and promote jobs and growth.

Fonterra cuts forecast milk price by 30c

Tue, 22 May 2012 11:36:00 +1200

Fonterra has cut its forecast 2012 milk price and flagged lower payments in 2013 in response to a slide in global prices for dairy commodities.

Job cuts continue at Qantas

Tue, 22 May 2012 08:13:00 +1200

Australian airline Qantas has announced it is cutting more than 500 jobs as it restructures its heavy maintenance bases.

NZ ranks highly as safe place to invest

Mon, 21 May 2012 10:32:00 +1200

New Zealand has been ranked ahead of Asian powerhouses China and Japan as one of the safest Asia-Pacific countries in which to invest.

Greece crisis is personal as well as political

Mon, 21 May 2012 08:40:00 +1200

Like many Greeks left unemployed by their country's economic tailspin, Dimitris Spachos finds it easier to talk about his nation's problems than his own.

FULL INTERVIEW: Korean Ambassador Yongkyu Park on allegations

Sun, 20 May 2012 19:40:00 +1200

The Korean government is sending a high-level delegation to New Zealand to investigate allegations of violence, sexual harassment and wasteful fishing practices aboard foreign charter vessels.

UK's Cameron urges action to resolve euro crisis

Fri, 18 May 2012 10:51:00 +1200

British Prime Minister David Cameron has urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up".

NZ dollar falls on concerns about Spain

Fri, 18 May 2012 09:22:00 +1200

The New Zealand dollar fell on concerns about the strength of Spain's banking system.

Can global leaders help Europe contain crisis?

Fri, 18 May 2012 07:58:00 +1200

When leaders from eight of the world's biggest economies meet this weekend outside Washington, the focus will be on how to prevent Europe's debt crisis from spiralling out of control.

Facebook IPO - US$38 a share

Fri, 18 May 2012 07:04:00 +1200

Facebook says it has priced its initial public offering of stock at US$38 per share.