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 1047]
Employees would move for better pay
Wednesday, 29 January 2014, 2:43 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Better pay would lure six out of 10 employees to leave their current job, says a survey by recruitment company Hudson but economists remain sceptical that conditions are favourable for pay increases. More >>
Online spending eroding tax base, English says
Wednesday, 29 January 2014, 2:13 pm | BusinessDesk
Jan. 29 (BusinessDesk) - The growing worldwide digital economy is putting pressure on New Zealand’s tax base, though online retail is a bigger threat than multinational avoidance, according to Finance Minister Bill English. More >>
Budget set for May 15, renewed promise of 2015 surplus
Wednesday, 29 January 2014, 12:52 pm | BusinessDesk
Jan. 29 (BusinessDesk) - Finance Minister Bill English will deliver the government’s 2014 budget on May 15. More >>
SeaDragon raises more than expected in sale to investors
Wednesday, 29 January 2014, 12:30 pm | BusinessDesk
Jan 29 (BusinessDesk) – SeaDragon, which manufactures fish oils for health supplements, raised two thirds more money than expected from a sale of shares to its investors, allowing it to pay down debt and fund a new refined fish oil plant. More >>
New Zealand economy, finances improving, Moody’s says
Wednesday, 29 January 2014, 11:01 am | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand’s economy and the government’s books are on the mend after taking a hit from a protracted recession and a series of earthquakes several years ago, according to Moody’s Investors Service. More >>
NZ dollar little changed as investors await central banks
Wednesday, 29 January 2014, 8:50 am | BusinessDesk
Jan. 29 (BusinessDesk) – The New Zealand dollar was little changed as investors await tomorrow’s outcome of central bank meetings in the US and New Zealand. More >>
While you were sleeping: Pfizer, US consumer surprise
Wednesday, 29 January 2014, 7:41 am | BusinessDesk
Jan 29 (BusinessDesk) – Better-than-expected corporate earnings including from Pfizer and stronger-than-expected US consumer confidence helped propel equities on both sides of the Atlantic. More >>
NZ dollar follows A$ higher after upbeat business confidence
Tuesday, 28 January 2014, 5:54 pm | BusinessDesk
Jan. 28 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after an upbeat business confidence survey across the Tasman, and ahead of the Reserve Bank and Federal Reserve meetings later this week. More >>
MARKET CLOSE NZ shares mixed as local earnings loom
Tuesday, 28 January 2014, 5:51 pm | BusinessDesk
Jan. 28 (BusinessDesk) – New Zealand shares were mixed today as investors cast forward to next month’s earnings season, and as regional markets mulled this week’s Federal Reserve meeting. Xero led gainers. More >>
Concluding TPP govt’s top trade priority, says Key
Tuesday, 28 January 2014, 4:12 pm | BusinessDesk
Jan. 28 (BusinessDesk) – The government’s top trade priority this year will be concluding the Trans-Pacific Partnership, but Prime Minister John Key’s speech for today’s opening of Parliament suggests it’s given up on expecting to pass ... More >>
EQC two-thirds through home repairs 3 years on from quakes
Tuesday, 28 January 2014, 4:09 pm | BusinessDesk
Jan. 28 (BusinessDesk) – The Earthquake Commission is two-thirds of the way through repairing houses damaged by the 2010 and 2011 Canterbury earthquakes in a contract managed by Fletcher Building. More >>
Storms in 2013 caused highest insurance costs since 2004
Tuesday, 28 January 2014, 1:55 pm | BusinessDesk
Jan. 28 (BusinessDesk) – Damage from wild weather last year cost over $174 million in insured weather-related damages, making it the second most expensive year on record according to the Insurance Council of New Zealand. More >>
CSR joins James Hardie in cutting deal over leaky NZ schools
Tuesday, 28 January 2014, 1:31 pm | BusinessDesk
Jan 28 (BusinessDesk) - CSR, the ASX-listed building products maker, has reached a confidential settlement with New Zealand’s Ministry of Education over leaky schools, seeing off the need for legal action. More >>
CORRECT: Overpayment for electricity a myth
Tuesday, 28 January 2014, 12:39 pm | BusinessDesk
Jan 28 (BusinessDesk) – Claims that consumers have over-paid for electricity for 30 years are a “myth”, says the head of the Electricity Authority, Carl Hansen, with new analysis showing consumers have never paid the full historic cost of building ... More >>
Overpayment for electricity a myth, says watchdog
Tuesday, 28 January 2014, 11:41 am | BusinessDesk
Jan 28 (BusinessDesk) – Claims that consumers have over-paid for electricity for 30 years are a “myth”, says the head of the Electricity Authority, Carl Hansen, with new analysis showing consumers have never paid the full historic cost of building ... More >>
Synlait hikes annual profit forecast on value-add earnings
Tuesday, 28 January 2014, 9:14 am | BusinessDesk
Synlait hikes annual profit forecast on value-add earnings growth, unsure on Chinese sales target More >>
NZ dollar falls vs. A$ ahead of Aust business confidence
Tuesday, 28 January 2014, 8:43 am | BusinessDesk
Jan. 28 (BusinessDesk) – The New Zealand dollar dropped below 94 Australian cents overnight as investors await a report on Australian business confidence later today. More >>
While you were sleeping: US home sales, Fed meeting
Tuesday, 28 January 2014, 7:28 am | BusinessDesk
Jan 28 (BusinessDesk) – US stocks and bonds fell as the Federal Reserve gears up to start its final two-day meeting with Ben Bernanke at the helm, and is expected to announce a further tapering to its monthly bond-buying program. More >>
MARKET CLOSE: NZ shares follow Asia lower, led by Xero
Monday, 27 January 2014, 5:45 pm | BusinessDesk
Jan. 27 (BusinessDesk) – New Zealand shares fell today, as Asian markets continued a downturn due to anxiety over global economic recovery. Xero led the day’s decliners, while Fletcher Building and Summerset Group were among those to fall. More >>
NZ dollar little changed as risk aversion hangs over market
Monday, 27 January 2014, 5:09 pm | BusinessDesk
Jan. 27 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors spooked by problems in some emerging economies last week were reluctant to seek riskier assets, and as trading desks in Auckland and Australia were closed ... More >>
