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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 1050]
While you were sleeping: Meagre earnings outlook
Wednesday, 22 January 2014, 7:34 am | BusinessDesk
Jan 22 (BusinessDesk) – After a long weekend, Wall Street returned with a sombre mood as the earnings outlook from companies including Johnson & Johnson and Verizon failed to justify current valuations. More >>
MARKET CLOSE: NZ shares rise led by Hallenstein, Fletcher
Tuesday, 21 January 2014, 5:47 pm | BusinessDesk
Jan. 21 (BusinessDesk) – New Zealand shares rose to a two-month high, led by retailer Hallenstein Glasson, extending its rally from a four-year low as investors went bargain hunting. More >>
NZ dollar gains after inflation ups rate hike chance
Tuesday, 21 January 2014, 5:09 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar rose after an unexpected lift in inflation in the December quarter raised the chance of the Reserve Bank hiking interest rates as early as next week. More >>
Moody’s cuts Chorus credit rating to Baa3 on regulatory risk
Tuesday, 21 January 2014, 3:06 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Moody’s Investors Service has cut Chorus’s credit rating a notch to the bottom of its investment grade band over the prospect of enforced price cuts to its copper line service. More >>
Fonterra raises 1.25 bln renminbi in second ‘dim sum’ bond
Tuesday, 21 January 2014, 2:11 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has raised 1.25 billion renminbi in its second Chinese currency denominated bond, which it will use to repay debt and expand operations in the world’s second-biggest ... More >>
RESEND: Masterton apartment red-stickered after 6.2 quake
Tuesday, 21 January 2014, 1:50 pm | BusinessDesk
Jan. 21 (BusinessDesk) – One Masterton building has been red stickered and roads in the area are cracked after a 6.2 magnitude earthquake shook the lower North Island yesterday, while surrounding district councils report superficial damage to public ... More >>
Masterton apartment red-stickered after 6.3 quake
Tuesday, 21 January 2014, 1:35 pm | BusinessDesk
Jan. 21 (BusinessDesk) – One Masterton building has been red stickered and roads in the area are cracked after a 6.3 earthquake shook the lower North Island yesterday, while surrounding district councils report superficial damage to public property. More >>
RBNZ unlikely to hike next week after CPI surprise
Tuesday, 21 January 2014, 12:44 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Accelerating inflation isn’t expected to sway the Reserve Bank from a March rate hike, as rising consumer prices firm up the outlook of a strengthening economy. More >>
NZ dollar jumps as inflation raises prospect of rate hike
Tuesday, 21 January 2014, 11:21 am | BusinessDesk
Jan. 21 (BusinessDesk) – The New Zealand dollar rose 0.8 percent after faster than expected inflation fuelled expectations the Reserve Bank may have to hike interest rates as early as next week. More >>
NZ consumer prices unexpectedly rise in December quarter
Tuesday, 21 January 2014, 10:47 am | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand inflation unexpectedly edged higher in the final three months of 2013, led by more expensive airfares, housing and dairy prices. More >>
Fletcher Building appoints Sir Ralph Norris to the board
Tuesday, 21 January 2014, 9:45 am | BusinessDesk
Jan. 21 (BusinessDesk) - Fletcher Building, the country’s biggest listed company, has appointed former Commonwealth Bank of Australia boss Sir Ralph Norris to its board as it prepares for the departure of chairman Ralph Waters later this year. More >>
NZ dollar little changed ahead of local inflation data
Tuesday, 21 January 2014, 8:52 am | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar was little changed ahead of local inflation data which is expected to inform the Reserve Bank’s decision when it reviews monetary policy next week, and after a holiday in the US on Monday kept trading ... More >>
While you were sleeping: Deutsch Bank disappoints
Tuesday, 21 January 2014, 7:44 am | BusinessDesk
Jan 21 (BusinessDesk) – Shares of Deutsche Bank sank, taking other regional bank shares lower too, after the company posted an unexpected loss, raising concern that more skeletons might be lurking in the European corporate earnings closet. More >>
MARKET CLOSE: NZ shares mixed, HLG gains, TWR falls
Monday, 20 January 2014, 5:43 pm | BusinessDesk
Jan. 20 (BusinessDesk) – New Zealand stock market was mixed, as the Wellington Anniversary holiday thinned out trading, as Hallenstein Glasson rebounded and Tower slipped after shedding rights to its February dividend. More >>
NZ dollar falls on December inflation outlook, quake flurry
Monday, 20 January 2014, 5:18 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand dollar fell ahead of tomorrow’s December inflation figures which are seen as feeding into the Reserve Bank’s interest rate outlook, and after an earthquake in the lower North Island caused a brief flurry ... More >>
NZ house sales fall in December, prices climb to new record
Monday, 20 January 2014, 4:42 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The number of houses sold in New Zealand fell in December from a year earlier, continuing a trend of a softening market, though the national median sale price rose to a new record, according to Real Estate Institute figures. More >>
Auckland houses severely unaffordable for 10th year: survey
Monday, 20 January 2014, 3:49 pm | BusinessDesk
Jan. 20 (BusinessDesk) – Auckland house prices remained “severely unaffordable” for the 10th year in a row in the American survey, Demographia, which compares housing costs in nine mainly English-speaking countries. More >>
Wynyard shares soar 19%, analyst sees more room to go
Monday, 20 January 2014, 1:43 pm | BusinessDesk
Jan. 20 (BusinessDesk) – Shares in Wynyard Group soared to a record, shooting up 19 percent, and could go even further according to an analyst who follows the stock. More >>
NZ Dollar Outlook: Kiwi looks weak this week
Monday, 20 January 2014, 1:40 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand dollar looks likely to fall this week as investors consider how local inflation and housing figures will feed into the Reserve Bank’s interest rate outlook, ahead of next week’s policy review. More >>
NZ employment confidence rises in 4Q, wary on wages
Monday, 20 January 2014, 11:38 am | BusinessDesk
Jan. 20 (BusinessDesk) – New Zealand confidence rose in the final quarter of 2013 to its second highest reading in the last two years, but optimism about wage growth slumped to its lowest in 18 months. More >>
