Scoop has an Ethical Paywall
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 1017]
Feltex defendants' laywers question witness's gloomy spin
Tuesday, 1 April 2014, 4:02 pm | BusinessDesk
April 1 (BusinessDesk) – Lawyers for defendants in the Feltex Carpets shareholder lawsuit have questioned whether a key witness selectively chose to include gloomy data in his evidence and whether he had sufficient experience with initial public ... More >>
High value foods targeted in 1st National Science Challenge
Tuesday, 1 April 2014, 11:47 am | BusinessDesk
April 1 (BusinessDesk) – The government’s pro-science agenda will get an election year push with the announcement of up to 10 major funding deals in areas of importance to the New Zealand economy and society in coming months. More >>
Strategic Finance receiver PwC in final mediation with BDO
Tuesday, 1 April 2014, 11:32 am | BusinessDesk
April 1 (BusinessDesk) - The receiver for Strategic Finance is still at the mediation table with the failed lender’s former auditor BDO Spicers in a last-ditch bid to avoid the court-room. More >>
NZ dollar may fall in second quarter, benefitting exporters
Tuesday, 1 April 2014, 9:51 am | BusinessDesk
April 1 (BusinessDesk) – The New Zealand dollar may weaken in the second quarter, benefitting exporters such as wine makers grappling with a bumper harvest, as economic recovery and a wind-down of stimulus in the US helps lift the greenback. More >>
Michael Hill reaches A$6M settlement with tax office
Tuesday, 1 April 2014, 9:14 am | BusinessDesk
April 1 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, has reached an A$6 million settlement with the Australian Tax Office over the 2008 transfer of intellectual property to an Australian subsidiary. More >>
NZ dollar advances as Fed's Yellen seen continuing support
Tuesday, 1 April 2014, 9:07 am | BusinessDesk
April 1 (BusinessDesk) – The New Zealand dollar advanced as investors bet the US Federal Reserve will continue to pull back on its quantitative easing programme even as chair Janet Yellen signalled the world’s largest economy will need support for ... More >>
Chinese slowdown biggest external threat to NZ growth: IMF
Tuesday, 1 April 2014, 9:07 am | BusinessDesk
April 1 (BusinessDesk) - The risk of a sharp slowdown in China’s economy is the biggest external threat to New Zealand’s growth, due to its export exposure across the Asia region, according to the International Monetary Fund. More >>
While you were sleeping: Yellen eases concern
Tuesday, 1 April 2014, 7:18 am | BusinessDesk
April 1 (BusinessDesk) – Wall Street gained after Federal Reserve Chairman Janet Yellen reassured investors that the central bank remained committed to bolstering the US jobs market, consumer spending, corporate investment and the nascent housing ... More >>
Chatham Rock files second EEZ marine consent application
Monday, 31 March 2014, 5:49 pm | BusinessDesk
March 31 (BusinessDesk) - Chatham Rock Phosphate, which wants to mine phosphate nodules from the seafloor on the Chatham Rise, has submitted a draft marine consent application to the Environmental Protection Authority. More >>
MARKET CLOSE: NZ tech stocks join global sell off
Monday, 31 March 2014, 5:39 pm | BusinessDesk
March 31 (BusinessDesk) – New Zealand stocks fell as the end of financial year saw investors square their books and take profit from tech and growth stocks. Diligent Board Member Services, Xero, Pacific Edge and A2 Corp paced the decline. More >>
NZ dollar little changed as RBA review, US jobs loom
Monday, 31 March 2014, 5:08 pm | BusinessDesk
March 31 (BusinessDesk) - The New Zealand dollar was little changed as investors await tomorrow’s Reserve Bank of Australia policy review, and US employment figures later in the week for a steer on global growth prospects. More >>
One year on, about two thirds of homes may be under insured
Monday, 31 March 2014, 4:17 pm | BusinessDesk
One year on, about two thirds of NZ homes may be under insured, say insurers More >>
Wellington Drive shares soar 23% on East West tie-up
Monday, 31 March 2014, 2:31 pm | BusinessDesk
March 31 (BusinessDesk) - Shares in Wellington Drive Technologies soared 23 percent after the unprofitable energy efficient motor maker signed a channel partnership with US-based East West Manufacturing. More >>
NZ business confidence slips from 20-yr high, stays elevated
Monday, 31 March 2014, 2:19 pm | BusinessDesk
March 31 (BusinessDesk) – New Zealand business confidence slipped from a 20-year high in March, while remaining at elevated levels consistent with broad economic momentum. More >>
Commerce Commission investigates forex trading
Monday, 31 March 2014, 2:09 pm | BusinessDesk
March 31 (BusinessDesk) - The Commerce Commission has an investigation underway into the foreign exchange market, amid a global probe into alleged manipulation of currency rates. More >>
Auckland Airport says $2.5 bln expansion to be debt funded
Monday, 31 March 2014, 12:44 pm | BusinessDesk
March 31 (BusinessDesk) –Auckland International Airport, which expects to treble passenger numbers over the next 30 years, plans to use debt to fund a $2.5 billion, 30-year expansion that includes a second runway, says chief executive Adrian Littlewood. More >>
NZ residential building consents fall 1.7% in February
Monday, 31 March 2014, 11:42 am | BusinessDesk
March 31 (BusinessDesk) - New Zealand building consents for residential housing fell 1.7 percent in February, the second straight monthly decline, as the number of apartments extended their decline from record levels at the end of 2013. More >>
Genesis shares worth more than $1.55: research reports
Monday, 31 March 2014, 11:03 am | BusinessDesk
March 31 (BusinessDesk) – Four out of five independent research reports from investment houses in New Zealand and Australia value Genesis Energy shares at higher than the $1.55 a share offer price announced by government Ministers last Friday. More >>
AWF says core annual earnings to decline, Madison grows
Monday, 31 March 2014, 10:45 am | BusinessDesk
March 31 (BusinessDesk) - AWF Group, the contract labour firm, warns blue-collar annual earnings will come in below last year’s record, despite a strong contribution from its new white-collar recruitment acquisition, Madison Group. More >>
NZ employment confidence lifts in 1st-qtr
Monday, 31 March 2014, 10:40 am | BusinessDesk
March 31 (BusinessDesk) – New Zealand employment confidence rose in the first quarter and households became less negative about job opportunities, suggesting the labour market is starting to reflect a general upturn in the economy. More >>
