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BusinessDesk - Latest News [Page 1046]

While you were sleeping: Facebook soars on earnings

Friday, 31 January 2014, 7:37 am | BusinessDesk

Jan 31 (BusinessDesk) – Wall Street climbed, bolstered by better-than-expected corporate earnings including from Facebook and upbeat US economic data. More >>

MARKET CLOSE: NZ shares drop as global markets retreat

Thursday, 30 January 2014, 5:39 pm | BusinessDesk

Jan. 30 (BusinessDesk) – New Zealand shares fell today, as global markets reacted to news of another cut in US monetary stimulus and investors eyed emerging markets nervously. More >>

NZ dollar falls after RBNZ keeps rates on hold, Fed move

Thursday, 30 January 2014, 5:13 pm | BusinessDesk

Jan. 30 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank kept interest rates unchanged, disappointing some traders hoping for a rise, and after the US Federal Reserve trimmed another US$10 billion from its monthly asset purchase ... More >>

Argentinian losses pushed Sealord into the red

Thursday, 30 January 2014, 4:20 pm | BusinessDesk

Jan. 30 (BusinessDesk) - Sealord, New Zealand’s second-largest fishing company, sank into the red after crystallising a $46.9 million loss on the sale of its Argentinian unit last year and has since put its stake in North Island Mussels up for sale. More >>

Kiwi not expected to reach parity with A$ this year: poll

Thursday, 30 January 2014, 1:37 pm | BusinessDesk

Jan. 30 (BusinessDesk) – The New Zealand dollar, which touched an eight-year high against its Australian counterpart this month, is not expected to climb to parity in 2014 as a strong local currency dents exports and Australia’s economy picks ... More >>

Diligent turns up another accounting headache

Thursday, 30 January 2014, 1:29 pm | BusinessDesk

Jan. 30 (BusinessDesk) - Diligent Board Member Services, the governance software developer, has discovered another accounting hiccup, misclassifying a note receivable from a related entity and will have to further tweak its books. More >>

Methven shares drop as earnings growth stalls

Thursday, 30 January 2014, 11:56 am | BusinessDesk

Jan. 30 (BusinessDesk) – Shares in Methven fell after the tap-maker and distributer said annual profit growth won’t be as big as earlier hoped, with slower trading in December and January. More >>

NZ home building consents rise 7.6% in December

Thursday, 30 January 2014, 11:53 am | BusinessDesk

NZ home building consents rise 7.6% in December, taking annual pace to six-year high More >>

NZ inbound net migration holds up in December

Thursday, 30 January 2014, 11:25 am | BusinessDesk

Jan. 30 (BusinessDesk) - New Zealand’s inbound migration stayed elevated in December as the number of new migrants continued to rise and fewer locals packed up to cross the Tasman. More >>

UPDATED: Wheeler keeps OCR at 2.5%, hiking to start soon

Thursday, 30 January 2014, 10:55 am | BusinessDesk

Jan. 30 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.5 percent, while saying the rate will have to rise soon as inflationary pressures escalate in an economy with “considerable momentum”. More >>

Briscoe says FY profit rose at least 9% after strong 4Q

Thursday, 30 January 2014, 10:42 am | BusinessDesk

Jan. 30 (BusinessDesk) – Briscoe Group, the homeware and sporting goods chain, expects its annual profit to rise by at least 9 percent after “particularly strong” Christmas sales and an overall steady fourth quarter. More >>

NZ dollar drops almost a cent after RBNZ holds interest rate

Thursday, 30 January 2014, 9:55 am | BusinessDesk

Jan 30 (BusinessDesk) - The New Zealand dollar dropped almost a cent after the Reserve Bank decided not to raise interest rates at its review today, disappointing some investors who had bet on a hike. More >>

Wheeler keeps OCR at 2.5 percent , rates to rise 'soon'

Thursday, 30 January 2014, 9:11 am | BusinessDesk

NZ dollar extends decline after Fed continues tapering

Thursday, 30 January 2014, 8:33 am | BusinessDesk

Jan 30 (BusinessDesk) – The New Zealand dollar extended its decline after the Federal Reserve announced plans to continue to wind back its monetary stimulus despite volatility in emerging markets. The decision comes just one hour before New Zealand’s central ... More >>