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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1003]
NZ dollar tracks A$ after RBA sees keeps rates on hold
Tuesday, 6 May 2014, 5:13 pm | BusinessDesk
May 6 (BusinessDesk) - The New Zealand dollar was in lock-step with its trans-Tasman counterpart after the Reserve Bank of Australia kept the country’s key rate on hold, while acknowledging signs of life in the economy. More >>
RBA reiterates interest rates to remain stable, jobs improve
Tuesday, 6 May 2014, 5:11 pm | BusinessDesk
May 6 (BusinessDesk) – The Reserve Bank of Australia has kept its cash rate unchanged at 2.5 percent, as expected, and maintained its view that the best policy setting is to maintain stability in interest rates. More >>
RESEND: NZOG says cost of Pateke well to be up to US$46M
Tuesday, 6 May 2014, 3:58 pm | BusinessDesk
RESEND: NZ Oil and Gas says all-up cost of Pateke-4H well to be US$40-US$46 mln More >>
Ironsands mining plan carries too many uncertainties: EPA
Tuesday, 6 May 2014, 3:15 pm | BusinessDesk
May 6 (BusinessDesk) – The environmental impacts of plans to mine ironsands off the ocean floor in the South Taranaki are too uncertain for regulators to know how to draft rules to manage them, staff from the Environmental Protection Authority ... More >>
NZ Oil & Gas says Pateke project cost to rise as much as 84%
Tuesday, 6 May 2014, 1:51 pm | BusinessDesk
May 6 (BusinessDesk) - New Zealand Oil & Gas, the exploration company, expects the pre-drilling cost of the Pateke-4H prospect off the Taranaki coast will be as much as 84 percent higher than previously estimated. More >>
Kiwi Income sells remaining interest in Queen St building
Tuesday, 6 May 2014, 1:23 pm | BusinessDesk
May 6 (BusinessDesk) - Kiwi Income Property Trust, the country’s second-biggest listed property investor, has sold its remaining interest in a Queen Street office building for $56.3 million in the second-part of a two-stage deal. More >>
Key announces $20M for apprentices, $3k jobless grant
Tuesday, 6 May 2014, 1:19 pm | BusinessDesk
Key announces $20 million more in apprentice subsidy, $3k grant to lure jobless to Canterbury More >>
Rex Bionics raises 10M pounds in back-door listing in London
Tuesday, 6 May 2014, 1:11 pm | BusinessDesk
Rex Bionics raises 10 million pounds in back-door listing on London’s AIM exchange More >>
Rural Equities lifts stake in Tandou to 21%
Tuesday, 6 May 2014, 12:31 pm | BusinessDesk
May 6 (BusinessDesk) - Rural Equities, the farming group controlled by the Cushing family, has lifted its stake in Tandou after taking up its entitlement in the ASX-listed agribusiness’s three-for-eight rights offer. More >>
Cunliffe reshuffle rewards Mallard, Robertson
Tuesday, 6 May 2014, 11:57 am | BusinessDesk
May 6 (BusinessDesk) – Long-serving Labour Party MP Trevor Mallard is one of the big winners from a shadow Cabinet reshuffle announced by the party’s leader David Cunliffe, whose election he opposed in last year’s battle. More >>
Scales' 2013 earnings rise 50% on Asian demand for apples
Tuesday, 6 May 2014, 11:11 am | BusinessDesk
May 6 (BusinessDesk) - Scales Corp, the fruit and vegetable logistics group controlled by private equity firm Direct Capital, lifted 2013 profit by 50 percent as rising Asian demand for apples helped mitigate the impact of a stronger kiwi dollar. More >>
Gentrack, eyeing listing, adds Coupe and Shaw to board
Tuesday, 6 May 2014, 11:07 am | BusinessDesk
May 6 (BusinessDesk) – Gentrack, which sells software for utilities and airports, has appointed New Zealand Takeovers Panel deputy chair Andy Coupe and accountant Graham Shaw as independent directors, swelling its board to five and signalling it ... More >>
SkyCity CFO Burrell, touted as potential chief, resigns
Tuesday, 6 May 2014, 8:58 am | BusinessDesk
SkyCity CFO Burrell, touted as potential chief, resigns after three years to return to UK More >>
NZ dollar gains as traders await data on employment, dairy
Tuesday, 6 May 2014, 8:49 am | BusinessDesk
May 6 (BusinessDesk) – The New Zealand dollar touched a fresh three-week high overnight in a quiet holiday session and is expected to trade in a narrow range ahead of the release of local data. More >>
While you were sleeping: US economy gathers pace
Tuesday, 6 May 2014, 7:48 am | BusinessDesk
May 6 (BusinessDesk) – Wall Street advanced in late afternoon trading as better-than-expected services sector data outweighed concern about the escalating crisis in Ukraine. More >>
Labour to axe irrigation scheme fund, backs deep sea oil
Monday, 5 May 2014, 7:00 pm | BusinessDesk
May 5 (BusinessDesk) – A Labour-led government would continue to support deep sea oil drilling, while requiring “an effective rapid response capability if an incident occurs,” deputy Labour leader David Parker said in a major speech outlining the ... More >>
MARKET CLOSE: NZ shares fall, led by Pacific Edge
Monday, 5 May 2014, 5:46 pm | BusinessDesk
May 5 (BusinessDesk) – New Zealand shares fell from a record as investors cashed in recent gains in growth and energy stocks. Pacific Edge led the benchmark index lower, with Xero and a2 Milk Co pacing the decline. More >>
NZ dollar edges down from three-week high
Monday, 5 May 2014, 5:36 pm | BusinessDesk
May 5 (BusinessDesk) - The New Zealand dollar slipped from a three-week high as investors mulled US employment data which showed weak wage growth, even as the world’s biggest economy added more jobs than expected last month. More >>
Sanford to buy Greenshell assets from receivers
Monday, 5 May 2014, 5:06 pm | BusinessDesk
May 5 (BusinessDesk) – Sanford, the listed fishing company, agreed to buy the assets of Greenshell NZ Limited and Greenshell Investments from the receivers of the mussel farming and processing group. More >>
Key promotes Wagner to minister as Williamson steps down
Monday, 5 May 2014, 1:10 pm | BusinessDesk
May 5 (BusinessDesk) – Christchurch Central MP Nicky Wagner has been promoted to minister outside of cabinet following Maurice Williamson’s resignation. More >>
