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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 1045]
MARKET CLOSE: NZ shares join global selloff; Xero falls
Monday, 3 February 2014, 5:58 pm | BusinessDesk
Jan. 3 (BusinessDesk) – New Zealand stocks fell today, joining a global sell-off as disappointing Chinese manufacturing data stoked concerns the global economic recovery may falter. Xero, Chorus and SkyCity Entertainment Group led the decline. More >>
NZ dollar recovers from four-month low, more downside likely
Monday, 3 February 2014, 5:09 pm | BusinessDesk
Feb. 3 (BusinessDesk) - The New Zealand dollar bounced from a four-month low, though faces more downside pressure with local employment figures and Australian consumer spending data later in the week. More >>
Genesis Energy float timing soon, says Key
Monday, 3 February 2014, 5:06 pm | BusinessDesk
Feb. 3 (BusinessDesk) – The government has received advice saying the partial privatisation of Genesis Energy is achievable in current market conditions and a decision on timing is expected “soon,” Prime Minister John Key says. More >>
Elders comfortable with US response to ‘Just Shorn’ carpet
Monday, 3 February 2014, 4:51 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Elders Rural Holdings, the rural services firm, is happy with the way its ‘Just Shorn’ brand is tracking in the US, and plans to roll-out the wool carpet range across the Tasman next month. More >>
Key hints at early November election date
Monday, 3 February 2014, 4:47 pm | BusinessDesk
Feb. 3 (BusinessDesk) – Prime Minister John Key gave his clearest hint yet that the general election is likely to be held before the G-20 global leaders’ meeting in Brisbane, in mid-November. More >>
NZX eyes US investors thirsty for dairy derivatives
Monday, 3 February 2014, 2:51 pm | BusinessDesk
Feb. 3 (BusinessDesk) – NZX, New Zealand’s market operator, has taken another step towards expanding its dairy derivatives market into the US with approval to allow direct access for American customers. More >>
Pharmac stacks on workers with bigger remit
Monday, 3 February 2014, 2:15 pm | BusinessDesk
Feb. 3 (BusinessDesk) – Pharmac, which manages an annual drug-funding budget of more than $780 million, plans to extend a three-year hiring spree after expanding in medical devices, vaccines and hospital medicines. More >>
NZ Dollar Outlook: Kiwi likely to fall vs. A$ this week
Monday, 3 February 2014, 1:56 pm | BusinessDesk
NZ Dollar Outlook: Kiwi likely to fall vs. A$ this week as RBA removes easing bias More >>
CORRECT: US billionaire Foley may buy Martinborough Vineyard
Monday, 3 February 2014, 11:18 am | BusinessDesk
Feb. 3 (BusinessDesk) - American billionaire Bill Foley may add to his wine interests in the Wairarapa region with the acquisition of pinot noir pioneer Martinborough Vineyard Estates. More >>
Billionaire Bill Foley plans to buy Martinborough Vineyard
Monday, 3 February 2014, 9:45 am | BusinessDesk
Feb. 3 (BusinessDesk) - American billionaire Bill Foley may add to his wine interests in the Wairarapa region with the acquisition of pinot noir pioneer Martinborough Vineyard Estates. More >>
NZ dollar falls as investors sell riskier assets
Monday, 3 February 2014, 9:04 am | BusinessDesk
Feb. 3 (BusinessDesk) – The New Zealand dollar touched a five-month low as investors sold riskier assets on concern emerging markets and so-called risk assets will falter should global growth slow. More >>
World Week Ahead: Yellen sworn in, US jobs
Monday, 3 February 2014, 8:34 am | BusinessDesk
Feb. 3 (BusinessDesk) – Janet Yellen starts her first week as US Federal Reserve chairman, succeeding Ben Bernanke, as she is sworn into office on Monday at a time when the domestic economy looks in decent shape but China’s is showing signs of ... More >>
MARKET CLOSE: NZ shares rise; tech stocks gain
Friday, 31 January 2014, 5:37 pm | BusinessDesk
Jan. 31 (BusinessDesk) – New Zealand stock rose with a global rally, as Diligent Board Member Services rose after positive news out of the US tech sector. More >>
NZ dollar heads for 1.3 percent weekly decline on TWI basis
Friday, 31 January 2014, 5:08 pm | BusinessDesk
NZ dollar heads for 1.3 percent weekly decline on TWI basis after central bank meetings More >>
NZ apple growers likely to beat $1 bln export target early
Friday, 31 January 2014, 4:57 pm | BusinessDesk
NZ apple growers likely to beat $1 billion export target early on rising prices, higher productivity More >>
Xero customer receipts rise 14% in 4Q
Friday, 31 January 2014, 2:49 pm | BusinessDesk
Jan. 31 (BusinessDesk) - Xero, whose shares have soared 478 percent in the past year, lifted its customer receipts 14 percent in the final three months of 2013 as it gained more traction, while slowing down the pace of its cash burn. More >>
Inflationary pressures an ‘important risk’ to pace of growth
Friday, 31 January 2014, 1:12 pm | BusinessDesk
Jan. 31 (BusinessDesk) – Rising inflationary pressures exacerbated by accelerating building activity pose a threat to New Zealand’s economic growth and warrant a return to more normal interest rates, Reserve Bank governor Graeme Wheeler says. More >>
Soaring dairy exports drive NZ trade surplus in December
Friday, 31 January 2014, 11:28 am | BusinessDesk
Jan. 31 (BusinessDesk) - Surging dairy exports underpinned New Zealand’s trade surplus in December, as primarily Chinese demand for milk products lifted overall exports. More >>
Chinese travel regulations trim tourist numbers
Friday, 31 January 2014, 10:24 am | BusinessDesk
Jan. 31 (BusinessDesk) – New Chinese travel regulations have prompted a drop-off in the number of tourists coming to New Zealand, though the local industry is expected to reap the financial rewards from visitors getting a better experience, according ... More >>
NZ dollar falls to month-low after RBNZ keeps rates on hold
Friday, 31 January 2014, 8:53 am | BusinessDesk
NZ dollar falls to month-low as investors reduce their holdings following RBNZ’s ‘on hold’ decision More >>
