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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 1059]
NZ dollar falls after Fed starts to slow its money printing
Thursday, 19 December 2013, 5:25 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve trimmed its asset purchase programme in the face of a recovering US economy, in the first step towards ending stimulus which has been debasing the greenback. More >>
NZ records first Nov trade surplus since 1991, China No. 1
Thursday, 19 December 2013, 2:52 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand reported its first trade surplus for the month of November in 22 years as rising dairy exports into China made it the country’s biggest trading partner. More >>
YEAR IN REVIEW: Milk-fed kiwi outpaces Aussie in 2013
Thursday, 19 December 2013, 2:05 pm | BusinessDesk
YEAR IN REVIEW: NZ dollar’s gains vs. Aussie show diverging economies, supremacy of milk More >>
Lyttelton Port to receive insurance payments of $438.3 mln
Thursday, 19 December 2013, 1:14 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Lyttelton Port Co, the South Island’s biggest ocean trade hub, will be paid out $438.3 million plus GST by its insurers for the damage caused by the 2010/11 earthquakes after reaching a settlement with Vero, NZI and QBE. More >>
NZ economy grows as dairy shrugs off drought doldrums
Thursday, 19 December 2013, 12:07 pm | BusinessDesk
NZ economy grows as dairy shrugs off drought doldrums, pressure mounts for RBNZ rate hike More >>
Airwork gains 5 percent in NZX debut after IPO raises $37.5M
Thursday, 19 December 2013, 11:58 am | BusinessDesk
Airwork, last listing of 2013, gains 5 percent in NZX debut after IPO raises $37.5M More >>
NZ economy grows 1.4% in 3Q, beating estimates; kiwi climbs
Thursday, 19 December 2013, 10:54 am | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand’s economy grew faster than expected in the third quarter as the country’s dairy sector recovered from drought at the start of the year, driving increased activity. The kiwi dollar climbed against the Australian ... More >>
NZ dollar little changed on fed tapering, GDP looms
Thursday, 19 December 2013, 9:03 am | BusinessDesk
Dec. 19 (BusinessDesk) – The New Zealand dollar was little changed after the Federal Reserve decided to push the button on a long-awaited reduction of its monetary stimulus programme which has weakened the greenback. More >>
Govt businesses make $20M on assets worth $45B in 2012/13
Thursday, 19 December 2013, 8:41 am | BusinessDesk
Dec. 19 (BusinessDesk) – Government businesses with assets worth $45 billion made a total net profit of just $20 million in the year to June 30, according to the Treasury’s annual portfolio report. More >>
While you were sleeping: Wall Street mixed before Fed
Thursday, 19 December 2013, 7:38 am | BusinessDesk
Dec 19 (BusinessDesk) – The focus was squarely on the end of the Federal Open Market Committee’s two-day meeting and policymakers’ take on whether the strength of the world’s largest economy warrants an easing of stimulus. More >>
MARKET CLOSE: NZ shares drop; Fletcher down on Aust exposure
Wednesday, 18 December 2013, 5:48 pm | BusinessDesk
Dec. 18 (BusinessDesk) – New Zealand shares fell as the kiwi dollar held near a five-year high against its Australian counterpart, weighing on companies with operations across the Tasman including Fletcher Building and Ebos Group. More >>
NZ dollar little changed as investors await Fed meeting
Wednesday, 18 December 2013, 5:20 pm | BusinessDesk
Dec. 18 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors await the outcome of the Federal Reserve’s latest policy meeting, amid speculation the US central bank will announce a winding back of its massive ... More >>
YEAR IN REVIEW: Regulatory risk rears head in boom year
Wednesday, 18 December 2013, 3:38 pm | BusinessDesk
Dec. 17 (BusinessDesk) – The New Zealand stock market has rounded out its busiest year in more than a decade with some $6 billion of initial public offerings, placements and selldowns, with only the threat of regulation dampening the party mood. More >>
NZ business confidence rises to near 15-year high
Wednesday, 18 December 2013, 2:10 pm | BusinessDesk
NZ business confidence rises to near 15-year high, suggesting a booming economy, ANZ says More >>
Coca Cola loses bid to block Frucor’s PepsiCo bottle
Wednesday, 18 December 2013, 1:21 pm | BusinessDesk
Dec. 18 (BusinessDesk) - Coca-Cola Co has lost its attempt to stop local rival Frucor Beverages from using a similar contour-shaped bottle for the Pepsi range of drinks in New Zealand. More >>
Fonterra’s South American JV with Nestle opens Brazil centre
Wednesday, 18 December 2013, 12:07 pm | BusinessDesk
Dec. 18 (BusinessDesk) – Fonterra Cooperative Group’s South American joint venture with Nestle opened a $45 million distribution centre alongside its Araras, Brazil factory to distribute more than 200,000 metric tonnes of dairy products a year across ... More >>
NZ annual current account gap widens as imports rise
Wednesday, 18 December 2013, 10:51 am | BusinessDesk
Dec. 18 (BusinessDesk) – New Zealand’s annual current account deficit widened to a four-year high as a reviving economy took in more imports and foreigners continued to reap greater profits here than kiwi firms garnered abroad. More >>
Summerset buys development sites in Chch for $200M plan
Wednesday, 18 December 2013, 10:19 am | BusinessDesk
Dec. 18 (BusinessDesk) – Summerset Group, New Zealand’s third-largest listed retirement village operator, plans to invest $200 million to expand into Christchurch where it says villages are in short supply. More >>
NZ dollar hovers under 93 Australian cents
Wednesday, 18 December 2013, 8:47 am | BusinessDesk
Dec. 18 (BusinessDesk) – The New Zealand dollar hovered under 93 Australian cents in overnight trading, touching a new five-year high of 92.96 cents early this morning as reports continue to underline the divergence between the neighbouring economies. More >>
While you were sleeping: Fed meets, stocks slip
Wednesday, 18 December 2013, 7:45 am | BusinessDesk
Dec 18 (BusinessDesk) – Wall Street fell as investors eyed the Federal Open Market Committee which started its two-day meeting today but will have to wait until tomorrow to find out if there will be an easing this month of the central bank’s pace of ... More >>
