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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 1022]
While you were sleeping: US data show shine
Friday, 21 March 2014, 7:43 am | BusinessDesk
March 21 (BusinessDesk) – Wall Street moved higher as the latest reports underpinned the view that the pace of recovery in the world’s largest economy is gathering momentum. More >>
MARKET CLOSE: NZX 50 at record as Air NZ rival quits route
Thursday, 20 March 2014, 5:52 pm | BusinessDesk
MARKET CLOSE: NZX 50 at new record as Air NZ rival quits key route; F&P Healthcare rises More >>
Auditor-General wings Dunedin Council in Jacks Point report
Thursday, 20 March 2014, 5:24 pm | BusinessDesk
March 13 (BusinessDesk) – The Auditor-General holds the Dunedin City Council partly to blame for pre-tax losses totalling $8.7 million on Central Otago property developments in the late 2000s by its wholly-owned electricity network company, Delta. More >>
NZ dollar falls on Fed, on-track economic growth
Thursday, 20 March 2014, 5:06 pm | BusinessDesk
NZ dollar falls as economic growth meets forecasts, Fed sees faster rate hikes next year More >>
Jetstar quits Auckland-Singapore route as rivals team up
Thursday, 20 March 2014, 4:16 pm | BusinessDesk
March 20 (BusinessDesk) – Jetstar, the discount unit of Australian airline Qantas Airways, is abandoning the Auckland- Singapore as Air New Zealand awaits regulator’s approval on its code sharing deal with Singapore Airlines that will lift their combined ... More >>
TWI should include China’s yuan, economists say
Thursday, 20 March 2014, 1:07 pm | BusinessDesk
Reserve Bank of NZ’s trade-weighted index should include China’s yuan, economists say More >>
Goodman Property extends term of $600 mln of bank facilities
Thursday, 20 March 2014, 12:20 pm | BusinessDesk
March 20 (BusinessDesk) – Goodman Property Trust, New Zealand’s biggest listed property investor, has refinanced $600 million of bank facilities, extending the term to an average 3 ½ years on “competitive new terms.” More >>
UPDATE: NZ economic growth keeps rate hike track intact
Thursday, 20 March 2014, 12:05 pm | BusinessDesk
March 20 (BusinessDesk) - New Zealand’s pace of growth in the final three months of the year, underpinned by a booming manufacturing sector, won’t derail the Reserve Bank’s path to higher interest rates this year. More >>
Glass Earth Gold to take control of Hauraki JV with Newmont
Thursday, 20 March 2014, 10:56 am | BusinessDesk
March 20 (BusinessDesk) – Gold explorer Glass Earth Gold will take full management and funding control of gold explorations at its Hauraki joint venture with Newmont Mining as it restructures to make the project its sole focus and consolidate its ... More >>
NZ economy grows 0.9% in 4Q as manufacturing nears 8-yr high
Thursday, 20 March 2014, 10:51 am | BusinessDesk
March 20 (BusinessDesk) - New Zealand’s economy expanded in line with expectations in the final three months of 2013 as manufacturing activity neared an eight-year high, affirming the Reserve Bank’s view that accelerating growth will require higher ... More >>
Royal FrieslandCampina lifts stake in Synlait Milk to 9.999%
Thursday, 20 March 2014, 10:29 am | BusinessDesk
Royal FrieslandCampina lifts stake in Synlait Milk to 9.999 percent buying shares at $3.85 apiece More >>
NZ dollar drops after Fed signals US economic recovery ahead
Thursday, 20 March 2014, 8:54 am | BusinessDesk
March 20 (BusinessDesk) – The New Zealand dollar dropped almost three-quarters of a US cent after the Federal Reserve raised its projections for future US interest rates, signalling it sees recovery ahead for the world’s largest economy and spurring ... More >>
While you were sleeping: Fed tapers again
Thursday, 20 March 2014, 7:48 am | BusinessDesk
March 20 (BusinessDesk) – US Federal Reserve policy makers said they cut their monthly bond-buying program by another US$10 billion as they upgraded their expectations for the rate of improvement in the US labour market. More >>
MARKET CLOSE: NZX 50 reaches record on ‘safe-haven’ appeal
Wednesday, 19 March 2014, 5:49 pm | BusinessDesk
March 19 (BusinessDesk) – New Zealand’s NZX 50 Index rose to a record as economic growth, the prospect of political stability and distance from geo-political tensions in Europe lured investors. MightyRiverPower, Meridian Energy and Contact Energy rose. More >>
NZ dollar slips from 11-mth high ahead of Fed policy review
Wednesday, 19 March 2014, 5:05 pm | BusinessDesk
March 19 (BusinessDesk) - The New Zealand dollar slipped from an 11-month high ahead of the Federal Reserve’s monetary policy review, the first where new chair Janet Yellen will take questions from the media. More >>
Diligent says it won’t meet deadline to file annual report
Wednesday, 19 March 2014, 4:53 pm | BusinessDesk
March 19 (BusinessDesk) - Diligent Board Member Services, which was forced to restate several years of wrongly booked revenue last month, said it won’t meet a March 31 deadline to file its annual report. More >>
UPDATED: Pumpkin Patch shares sink to record-low
Wednesday, 19 March 2014, 3:05 pm | BusinessDesk
March 19 (BusinessDesk) – Shares in Pumpkin Patch plunged to a record-low after the children’s clothing chain reported a slump in first-half earnings and anticipates a strong currency may lean on profit for the rest of the year. More >>
NZ dollar-yuan trade may jump, following Australian example
Wednesday, 19 March 2014, 12:59 pm | BusinessDesk
March 19 (BusinessDesk) – New Zealand can expect exponential growth in foreign exchange trading with China after the two countries agreed to direct trading of their currencies, according to HSBC Bank, which will be involved in trading the currency ... More >>
Dairy exports drive NZ surplus on goods, services to record
Wednesday, 19 March 2014, 12:03 pm | BusinessDesk
Dairy exports drive NZ surplus on goods and services to record, shrinking current account gap More >>
Labour offers tax sweetener for wood processing sector
Wednesday, 19 March 2014, 11:53 am | BusinessDesk
March 19 (BusinessDesk) - Labour Party leader David Cunliffe has thrown the opposition’s support behind an ailing wood processing sector with a cluster of policy sweeteners, including a tax break to encourage investment in mills. More >>
