BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ energy stocks rally on Shane Jones effect

Thursday, 24 April 2014, 5:36 pm | BusinessDesk

April 24 (BusinessDesk) – New Zealand stocks rose, energy stocks extended a rally for a second day as turmoil in the Labour Party fuelled speculation the incumbent National-led government will return for a third term. Meridian Energy, MightyRiverPower, ... More >>

NZ dollar gains as RBNZ lifts rates, sees faster growth

Thursday, 24 April 2014, 5:08 pm | BusinessDesk

April 24 (BusinessDesk) - The New Zealand dollar gained against other currencies after Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while lifting his estimate for economic growth in the March year to 3.5 percent. More >>

Deloitte says Ruataniwha assumptions "reasonable"

Thursday, 24 April 2014, 4:32 pm | BusinessDesk

April 24 (BusinessDesk) – A Deloitte review of the Hawke’s Bay Regional Council’s proposed $80 million investment in the $265 million Ruataniwha Water Storage Scheme is satisfied with the business plan, provided uptake by users is timely. More >>

UPDATE:Southern Cross Forest lures foreign, local interest

Thursday, 24 April 2014, 2:00 pm | BusinessDesk

April 24 (BusinessDesk) - Financially stricken wood processor Southern Cross Forest Products has attracted both local and international interest from potential buyers, and its receiver hopes to progress the sale next month. More >>

Southern Cross Forest receiver to close mill, exit Australia

Thursday, 24 April 2014, 11:54 am | BusinessDesk

April 24 (BusinessDesk) - The receiver for Southern Cross Forest Products plans to shut one of the failed wood processor’s sawmills and wind up the unprofitable Australian business as it continues to find a buyer for the business. More >>

Brownlee takes hard-hitting rebuild report on the chin

Thursday, 24 April 2014, 11:42 am | BusinessDesk

April 24 (BusinessDesk) – An in-depth survey of senior leaders in the Christchurch rebuild indicates growing impatience and serious weaknesses in the way major projects are being procured and managed. More >>

CORRECT: Chorus faces up to $10 mln earnings hit in 2014

Thursday, 24 April 2014, 10:55 am | BusinessDesk

CORRECT: Chorus faces up to $10 mln earnings hit in 2014 from latest regulator pricing decision More >>

FMA joins probe into interest rate swap sales to farmers

Thursday, 24 April 2014, 10:12 am | BusinessDesk

April 24 (BusinessDesk) – The Financial Markets Authority, New Zealand’s markets watchdog, is investigating whether the sales and marketing of interest rate swaps by major banks to rural customers may have breached financial markets laws. More >>

Chorus faces up to $10 mln earnings hit in 2014

Thursday, 24 April 2014, 10:08 am | BusinessDesk

Chorus faces up to $10 mln earnings hit in 2014 from latest regulator pricing decision More >>

Abano mulls rebel shareholder request for meeting

Thursday, 24 April 2014, 9:23 am | BusinessDesk

April 24 (BusinessDesk) – Abano Healthcare Group is mulling the extraordinary general meeting request from rebel shareholders Peter Hutson and James Reeves who want to dump Trevor Janes as chairman and refresh the board. More >>

Wheeler hikes OCR to 3% on inflationary pressures, eyes kiwi

Thursday, 24 April 2014, 9:15 am | BusinessDesk

April 24 (BusinessDesk) – Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace ... More >>

NZ dollar little changed before RBNZ interest rate decision

Thursday, 24 April 2014, 8:20 am | BusinessDesk

April 24 (BusinessDesk) – The New Zealand dollar was little changed ahead of the Reserve Bank decision on interest rates today as traders await clues to the pace of the tightening cycle. More >>

While you were sleeping: Wall Street slips

Thursday, 24 April 2014, 7:24 am | BusinessDesk

April 24 (BusinessDesk) – Wall Street fell as disappointing earnings from companies including AT&T made investors cautious in a market trading near record highs. More >>

Hutson, Reeves seek SGM to vote on Janes ousting from Abano

Wednesday, 23 April 2014, 5:55 pm | BusinessDesk

April 23 (BusinessDesk) - Abano Healthcare shareholders Peter Hutson and James Reeves invoked their rights under the Companies Act to call for an extraordinary general meeting next Monday to consider a resolution to dump Trevor Janes as chairman and ... More >>

MARKET CLOSE: NZ shares rise on election speculation

Wednesday, 23 April 2014, 5:46 pm | BusinessDesk

MARKET CLOSE: NZ shares rally on election speculation, MRP, Contact, Vector rise; Xero leads gainers More >>

NZ dollar climbs to 2-week high vs. A$ on Aust CPI

Wednesday, 23 April 2014, 5:36 pm | BusinessDesk

NZ dollar climbs to 2-week high vs. A$ as Australian inflation misses forecast, RBNZ looms More >>

Equity crowd funding carries risks, high failure rate

Wednesday, 23 April 2014, 2:10 pm | BusinessDesk

Equity crowd funding, latest step in much-hyped social capital, carries risks, high failure rate More >>

McDonald’s NZ annual sales rise 5.8%

Wednesday, 23 April 2014, 12:42 pm | BusinessDesk

McDonald’s NZ lifts annual sales by 5.8% in year of Georgie Pie relaunch More >>

NZ migration rises to 11-year high in March

Wednesday, 23 April 2014, 12:32 pm | BusinessDesk

NZ migration rises to 11-year high in March as fewer kiwis leave for Australia More >>

Millennium & Copthorne mulls capital return

Wednesday, 23 April 2014, 9:22 am | BusinessDesk

Apr. 23 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, is mulling a capital return if the float of Chinese investment First Sponsor Group goes ahead. More >>

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