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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 1048]
Cunliffe announces half billion dollar baby bonus
Monday, 27 January 2014, 1:51 pm | BusinessDesk
Jan 27 (BusinessDesk) – Labour leader David Cunliffe has opened his party’s election year appeal to voters with a half billion dollar package of measures aimed at babies and infants, with a $60 weekly payment for all but the wealthiest households. More >>
NZ Dollar Outlook: Kiwi soft ahead of RBNZ, Fed moves
Monday, 27 January 2014, 1:45 pm | BusinessDesk
NZ Dollar Outlook: Kiwi soft as RBNZ holds off, Fed tapers, amid emerging market woes More >>
World Week Ahead: Fed meets, Apple reports
Monday, 27 January 2014, 11:26 am | BusinessDesk
Jan 27 (BusinessDesk) – The US Federal Reserve is expected to announce a further easing to its monthly bond-buying programme this week, just as equity markets were spooked by signs of slowing growth in China and a sell-off of emerging markets’ ... More >>
NZ services sector activity expands in December
Monday, 27 January 2014, 11:14 am | BusinessDesk
Jan. 27 (BusinessDesk) - New Zealand services sector activity picked up in December for its eighth monthly expansion, in the latest sign the economy is gathering momentum. More >>
NZ dollar hits 8-yr high vs. A$ as RBA talks down currency
Monday, 27 January 2014, 9:09 am | BusinessDesk
Jan. 27 (BusinessDesk) – The New Zealand dollar touched a fresh eight year high against its trans-Tasman counterpart after an Australian central bank member said the Aussie currency should be lower. More >>
MARKET CLOSE: NZ shares drop, joining Asian market slide
Friday, 24 January 2014, 5:42 pm | BusinessDesk
Jan. 24 (BusinessDesk) – New Zealand shares fell as Asian markets declined for a second day amidst on going concern about a weakening Chinese economy and instability in emerging markets. Kathmandu Holdings, Xero and Fletcher Building paced the decline. More >>
Wellington Drive misses breakeven forecast, shares drop
Friday, 24 January 2014, 5:36 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient refrigeration motors, missed its annual sales forecast and dropped its goal of breaking even on an earnings before interest, tax, depreciation and amortisation basis in ... More >>
NZ dollar little changed for week as Fed, RBNZ meetings loom
Friday, 24 January 2014, 5:11 pm | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand dollar is heading for a 0.3 percent gain this week as traders prepare for policy meetings by the local Reserve Bank and US Federal Reserve next week to dictate the direction for the local currency. More >>
Genesis Energy axes Indonesian coal imports
Friday, 24 January 2014, 2:37 pm | BusinessDesk
Jan 24 (BusinessDesk) – State-owned electricity generator Genesis Energy, slated for partial privatisation in the first half of this year, has paid to extract itself from contracts that saw it importing coal from Indonesian suppliers. More >>
Feds wary of expensive dairy as NZ farm prices, sales climb
Friday, 24 January 2014, 12:54 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Lobby group Federated Farmers fears dairy farms have become too expensive as the latest figures show sale prices and volumes remained strong in December. More >>
NZX sells NewsRoom to Sublime Group for undisclosed sum
Friday, 24 January 2014, 11:37 am | BusinessDesk
Jan. 24 (BusinessDesk) - NZX, the stock exchange operator, has agreed to sell its online news unit NewsRoom to Sublime Group for an undisclosed sum, after undertaking a strategic review of options for the business. More >>
NZ govt deficit bigger than expected at 5 month mark
Friday, 24 January 2014, 10:17 am | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand government’s operating deficit was bigger than expected in the first five months of the financial year after it reported a smaller take in corporate taxes and goods and services tax than it anticipated a ... More >>
Metro publisher Bauer cleared to buy APN magazines
Friday, 24 January 2014, 9:54 am | BusinessDesk
Jan. 24 (BusinessDesk) - Bauer Media Group (NZ), which publishes Metro and North and South magazines, has been cleared to buy a handful of APN News & Media’s New Zealand magazine titles, including The Listener and New Zealand Woman’s Weekly. More >>
Danone reveals local cost of Fonterra infant formula recall
Friday, 24 January 2014, 9:34 am | BusinessDesk
Jan. 23 (BusinessDesk) - French dairy giant Danone’s Nutricia unit recalled $25.7 million of infant formula from the New Zealand market when it was caught up in Fonterra Cooperative Group’s false food alarm last year, according to financial statements ... More >>
"Risk-off" suddenly in vogue for kiwi dollar
Friday, 24 January 2014, 9:09 am | BusinessDesk
"Risk-off" suddenly in vogue for kiwi dollar as emerging market concerns stifle risk appetite More >>
While you were sleeping: China manufacturing slips
Friday, 24 January 2014, 7:51 am | BusinessDesk
Jan 24 (BusinessDesk) – Equities on both sides of the Atlantic dropped after a report showed that China’s manufacturing is headed for a contraction this month, fuelling concern about the sustainability of the global economic recovery. More >>
MARKET CLOSE: NZ shares drop, led by Warehouse
Thursday, 23 January 2014, 5:49 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand shares fell as the market joined a region-wide decline, and was paced by retailers after the Warehouse Group joining Hallenstein Glassons in issuing a profit warning. More >>
NZ dollar falls on weak Chinese data, US tapering talk
Thursday, 23 January 2014, 5:12 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar fell as weaker than expected Chinese manufacturing data raised concerns about the world’s second biggest economy, and amid speculation the US Federal Reserve will further reduce its stimulus when it ... More >>
NZ consumer confidence at pre-recession highs
Thursday, 23 January 2014, 1:24 pm | BusinessDesk
Jan. 23 (BusinessDesk) - New Zealand consumers are the most upbeat they’ve been since the double-dip recession which began before the 2008 global financial crisis, underpinning the prospects for strong economic growth this year. More >>
Milford snaps up 5% of Mercer as Hubbard manager sells out
Thursday, 23 January 2014, 1:10 pm | BusinessDesk
Jan. 23 (BusinessDesk) – Milford Asset Management has spent $2.3 million buying into Mercer Group from the stake once-owned by deceased Timaru businessman Allan Hubbard, building a 5.2 percent stake in the stainless steel producer. More >>
