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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 1025]
While you were sleeping: Ukraine crisis flares
Friday, 14 March 2014, 7:38 am | BusinessDesk
March 14 (BusinessDesk) – Stocks slumped on Wall Street and in Europe, while US Treasuries rose, as Russia amassed troops near the border with Ukraine, prompting the US and Germany to sharpen their warnings to Vladimir Putin. More >>
MARKET CLOSE: NZ shares rise; Fletcher, Kathmandu up
Thursday, 13 March 2014, 5:57 pm | BusinessDesk
March 13 (BusinessDesk) – New Zealand stocks snapped a three day slide after a jump in Australian employment figures while at home the central bank hiked rates to counter inflation in a strengthening economy. Fletcher Building, Kathmandu Holdings ... More >>
NZ dollar TWI hits new post-float high as RBNZ hikes rates
Thursday, 13 March 2014, 5:13 pm | BusinessDesk
NZ dollar TWI hits new post-float high as RBNZ hikes rates, Australian employment soars More >>
Genesis float comes with 1-for-15 share bonus sweetener
Thursday, 13 March 2014, 5:08 pm | BusinessDesk
March 13 (BusinessDesk) – The government’s unpopular asset sales programme will all be over in just over a month, with a quick-fire bookbuild and public offering scheduled between now and listing of the electricity generator-retailer Genesis Energy’s ... More >>
RBNZ’s Wheeler doesn’t expect ‘significant’ rise in kiwi
Thursday, 13 March 2014, 2:55 pm | BusinessDesk
RBNZ’s Wheeler doesn’t expect ‘significant’ rise in kiwi, now at post-float high, as rates increase More >>
CORRECT: Wynyard to raise $35M through placement, SPP
Thursday, 13 March 2014, 1:22 pm | BusinessDesk
March 13 (BusinessDesk) - Wynyard Group, the intelligence software developer, plans to raise $35 million through a placement and a share purchase plan to fund its global growth strategy. Its shares have been halted for the capital raising. More >>
NZ food prices fall 1% in February on cheaper fruit, veges
Thursday, 13 March 2014, 11:43 am | BusinessDesk
NZ food prices fall in February on cheaper fruit, veges, dairy helps drive annual gain More >>
Pacific Edge to join NZX 50, replacing Hallenstein
Thursday, 13 March 2014, 11:18 am | BusinessDesk
March 13 (BusinessDesk) – Pacific Edge, the bladder cancer test developer whose shares have soared in the past year, will join the NZX 50 Index this month, replacing retailer Hallenstein Glasson Holdings, whose stock has tumbled in the same period. More >>
MPI files four charges against Fonterra over whey incident
Thursday, 13 March 2014, 10:43 am | BusinessDesk
March 13 (BusinessDesk) – The Ministry for Primary Industries has filed four charges in the Wellington District Court against Fonterra Cooperative Group for breaches of the Animal Products Act during last year’s whey protein concentrate incident. More >>
NZ dollar rises after RBNZ hikes rates, signals more to come
Thursday, 13 March 2014, 10:31 am | BusinessDesk
NZ dollar rises to 5-month high after RBNZ hikes rates, signals more to come More >>
Wynyard to raise $35M through placement, SPP to fund growth
Thursday, 13 March 2014, 10:08 am | BusinessDesk
March 13 (BusinessDesk) - Wynyard Group, the intelligence software developer, plans to raise $35 million through a placement and a share purchase plan to fund its global growth strategy. Its shares have been halted for the capital raising. More >>
RBNZ sees stronger kiwi dollar for longer
Thursday, 13 March 2014, 9:14 am | BusinessDesk
March 13 (BusinessDesk) - The New Zealand dollar will stay at an elevated level for longer than previously thought as the local economic story finds favour with foreign investors, according to the Reserve Bank. More >>
NZ property market cools on LVR curbs, rising mortgage rates
Thursday, 13 March 2014, 9:13 am | BusinessDesk
March 13 (BusinessDesk) - New Zealand’s property market has cooled a little as restrictions on the level of low-equity home loans and rising mortgage rates have tempered demand in recent months, the Reserve Bank says. More >>
Wheeler lifts OCR to 2.75% in first hike since 2010
Thursday, 13 March 2014, 9:09 am | BusinessDesk
Wheeler lifts OCR to 2.75% in first hike since 2010, signals steeper rate track More >>
NZ dollar holds gains ahead of expected rate hike
Thursday, 13 March 2014, 8:32 am | BusinessDesk
March 13 (BusinessDesk) – The New Zealand dollar, which has advanced 3.4 percent so far this year, is unchanged ahead of the Reserve Bank meeting today where governor Graeme Wheeler is widely expected to increase interest rates by a quarter point. More >>
While you were sleeping: Crimea weighs on equities
Thursday, 13 March 2014, 7:41 am | BusinessDesk
March 13 (BusinessDesk) – With the Standard & Poor’s 500 Index near record highs, investors are trying to weigh the positive outlook for the US economy with concern about signs of economic trouble in China and the ongoing Ukrainian crisis. More >>
MARKET CLOSE NZ stocks fall on China's stumble; RBNZ looms
Wednesday, 12 March 2014, 5:40 pm | BusinessDesk
MARKET CLOSE NZ stocks fall as investors eye China, wait on OCR hike; Fletcher, Xero drop More >>
NZ dollar TWI slips from post-float record before RBNZ
Wednesday, 12 March 2014, 5:04 pm | BusinessDesk
March 12 (BusinessDesk) - The New Zealand dollar fell from a post-float high on a trade-weighted basis ahead of tomorrow’s Reserve Bank policy review, which will likely kick off a tightening cycle with a rate hike. More >>
Treasury rejects review on South Canterbury Finance collapse
Wednesday, 12 March 2014, 2:41 pm | BusinessDesk
March 12 (BusinessDesk) - The Treasury hasn’t analysed its dealings with South Canterbury Finance or formally reviewed the lessons learned from the retail deposit guarantee, which is expected to cost the taxpayer as much as $1.1 billion, despite ... More >>
GTL Energy’s NZ unit posts wider loss
Wednesday, 12 March 2014, 1:20 pm | BusinessDesk
GTL Energy’s NZ unit, with option on Solid Energy’s idled briquette plant, posts wider loss More >>
