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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 1013]
NZ manufacturing grows for 19th month
Thursday, 10 April 2014, 12:13 pm | BusinessDesk
April 10 (BusinessDesk) – New Zealand’s “buoyant” manufacturing sector expanded for the 19th consecutive month in March as domestic demand for goods and fast-growing Asian economies fuelled economic momentum through the first quarter of 2014. The ... More >>
NZ dollar jumps to 3-year high after Fed minutes
Thursday, 10 April 2014, 9:09 am | BusinessDesk
NZ dollar jumps to 3-year high as traders pull back US interest rate bets on dovish Fed minutes More >>
While you were sleeping: Fed support intact
Thursday, 10 April 2014, 7:16 am | BusinessDesk
April 10 (BusinessDesk) – Wall Street rose, extending gains after the latest Federal Reserve meeting minutes eased concern that US policy makers had been planning to raise interest rates sooner than had been anticipated. More >>
MARKET CLOSE NZ shares rise on tech relief rally; Xero up
Wednesday, 9 April 2014, 5:35 pm | BusinessDesk
April 9 (BusinessDesk) – New Zealand stocks snapped a two-day decline as a rally in the US saw tech stocks regain some lost ground. Xero, Wynyard Group, GeoOp and SLI Systems rose. Kathmandu Holdings jumped as a takeover of Australia’s David ... More >>
Kiwi pares slide vs yen on Aussie home loan data, local news
Wednesday, 9 April 2014, 5:14 pm | BusinessDesk
April 9 (BusinessDesk) - The New Zealand dollar rose from a two-week low against the yen, tracking the Australian dollar higher after stronger-than-expected home loan data across the Tasman lifted confidence about the Australian economy. More >>
NZX expects modest growth, smaller listings ahead
Wednesday, 9 April 2014, 4:58 pm | BusinessDesk
April 9 (BusinessDesk) – New Zealand’s stock exchange operator, NZX, is expecting to reap moderate growth from recent investments over the next two to three years, and to seek greater involvement in passive managed funds, where the local market ... More >>
Ministry of Education pursues Carter Holt over leaky schools
Wednesday, 9 April 2014, 3:47 pm | BusinessDesk
April 9 (BusinessDesk) – The New Zealand Ministry of Education will continue to pursue a leaky schools lawsuit against Carter Holt Harvey after the wood company owned by Graeme Hart’s Rank Group failed in an attempt to have the claim quashed. More >>
Low-geared NZ local authorities mull new ways to raise funds
Wednesday, 9 April 2014, 1:20 pm | BusinessDesk
Low-geared NZ local authorities mull new ways to raise funds in addition to property taxes More >>
Growth in NZ spending on credit, debit cards stalls in March
Wednesday, 9 April 2014, 12:11 pm | BusinessDesk
Growth in NZ spending on credit, debit stalls in March after Feb gain; apparel drops More >>
Seeka will pay as much as $6.25M for Glassfields
Wednesday, 9 April 2014, 11:29 am | BusinessDesk
Seeka will pay as much as $6.25M for Glassfields as it chases growth outside of kiwifruit More >>
Restaurant Brands lifts annual profit, signals further gains
Wednesday, 9 April 2014, 10:52 am | BusinessDesk
April 9 (BusinessDesk) - Restaurant Brands New Zealand, the nation’s largest fast food operator, posted a 23 percent rise in annual profit after it boosted sales and margins even as increased rivalry forced it to cut prices. The company expects to ... More >>
Fonterra names Dutch dairyman Henk Bles to new role
Wednesday, 9 April 2014, 9:54 am | BusinessDesk
Fonterra names Dutch dairyman Henk Bles to new role of head of international farming ventures More >>
Summerset first-quarter occupation rights rise 3.4%
Wednesday, 9 April 2014, 9:35 am | BusinessDesk
April 9 (BusinessDesk) – Summerset Group, the retirement village operator asking shareholders to boost directors’ fees 50 percent, lifted occupation rights in the first quarter from a year earlier. More >>
Michael Hill 9-month sales rose 10.5%
Wednesday, 9 April 2014, 9:33 am | BusinessDesk
April 9 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, reported a 10.5 percent gain in sales for the first nine months of the year, led by growth in Canada and Australia. More >>
NZ dollar falls to two-week low vs. yen
Wednesday, 9 April 2014, 9:05 am | BusinessDesk
NZ dollar falls to two-week low vs. yen as investors wind back bets on BOJ stimulus More >>
While you were sleeping: Rebound in Nasdaq
Wednesday, 9 April 2014, 6:43 am | BusinessDesk
April 9 (BusinessDesk) – Wall Street gained, following a three-day slump, as investors found value in the same stocks that had been sold off recently. More >>
Mining lobby seeks less regulatory confusion, freer hand
Tuesday, 8 April 2014, 6:30 pm | BusinessDesk
April 8 (BusinessDesk) – The mining industry lobbyist, Straterra, is calling for improved administration of New Zealand’s environmental and minerals regulations and wants the low-impact activities of mineral prospecting and exploration made automatically ... More >>
‘Gardening Club’ freight cartel participant fined $3.1mln
Tuesday, 8 April 2014, 6:22 pm | BusinessDesk
April 8 (BusinessDesk) - Kuehne + Nagel International, the Swiss logistics company, has been fined $3.1 million plus costs for its part in the so-called “Gardening Club” freight forwarding cartel case brought by the Commerce Commission after an ... More >>
MARKET CLOSE: NZ shares fall in tech tumble led by Xero
Tuesday, 8 April 2014, 5:34 pm | BusinessDesk
April 8 (BusinessDesk) – New Zealand stocks fell for a second day, following Wall Street lower as a global tech sell off continued. Xero led the benchmark index lower, while Diligent Board Member Services, Wynyard Group, SLI Systems and GeoOp all fell. More >>
NZ dollar gains on lure of higher interest rates
Tuesday, 8 April 2014, 5:08 pm | BusinessDesk
April 8 (BusinessDesk) - The New Zealand dollar gained as volatility in equity markets failed to spill over into foreign exchange, and the kiwi remained an attractive buy on the prospect of higher interest rates later this month. More >>
