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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 1067]
Korea suddenly wants in to TPP, resumes FTA talks with NZ
Tuesday, 3 December 2013, 5:55 pm | BusinessDesk
Dec. 3 (BusinessDesk) – South Korea has suddenly emerged as willing would-be partner in the Trans-Pacific Partnership free trade agreement, as well as announcing today it was resuming negotiations with New Zealand on a free trade deal. More >>
RBA keeps key rate at 2.5% in carbon copy statement
Tuesday, 3 December 2013, 5:23 pm | BusinessDesk
Reserve Bank of Australia keeps key rate at 2.5% in almost carbon copy statement More >>
NZ dollar climbs above 90 Aust cts as RBA keeps rates steady
Tuesday, 3 December 2013, 5:19 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar rose above 90 Australian cents after the Reserve Bank of Australia kept its key rate unchanged, while complaining about its own over-valued currency, adding to the view that the local economy is faring ... More >>
Synlait Milk affirms on track to meet IPO forecasts for 2014
Tuesday, 3 December 2013, 4:39 pm | BusinessDesk
Dec. 3 (BusinessDesk) – Synlait Milk, which is 39 percent owned by China’s Bright Dairy, said it is on track to meet its prospectus forecasts for earnings growth in 2014 as it ramps up production of infant formula and its constituent ingredients. More >>
Big power companies face probe into customer-saving tactics
Tuesday, 3 December 2013, 4:18 pm | BusinessDesk
Dec. 3 (BusinessDesk) – Fears the big power companies will stifle small competitors is prompting the Electricity Authority to mount an investigation into the practice of customer “saves” and “win-backs” to prevent customers switching provider. More >>
Auckland Airport credit rating affirmed on capital return
Tuesday, 3 December 2013, 1:50 pm | BusinessDesk
Auckland Airport A- credit rating affirmed, outlook lowered to ‘stable’ on $454M capital return plan More >>
NZ commodity prices snap four-month gain
Tuesday, 3 December 2013, 1:25 pm | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand commodity prices snapped four months of gains as aluminium and whole milk powder fell, though a weaker kiwi dollar shielded local producers from the decline. More >>
Fletcher takes 2 months, $4M to replace ChCh asbestos roof
Tuesday, 3 December 2013, 1:24 pm | BusinessDesk
Fletcher Building takes 2 months, $4M to clean up, replace asbestos roof in Christchurch GIB factory More >>
Gibson Group in management buyout as founder takes NZFC role
Tuesday, 3 December 2013, 12:12 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Wellington-based television and film production firm Gibson Group has bucked the recent trend of being snapped up by foreigners with a management buy-out underway as founder Dave Gibson departs to take over at the New Zealand Film ... More >>
Regulator urged to block 4G spectrum sale to Vodafone, TEL
Tuesday, 3 December 2013, 11:20 am | BusinessDesk
Dec. 3 (BusinessDesk) - The Commerce Commission has been urged not to sign off on the country’s dominant mobile phone operators buying the remaining 700 megahertz radio spectrum for fear of undermining burgeoning competition in the market. More >>
NZ dollar rises above 90 Aust cts ahead of RBA
Tuesday, 3 December 2013, 9:05 am | BusinessDesk
NZ dollar rises above 90 Aust cts for the 1st time in five years ahead of RBA More >>
While you were sleeping: Retail sales fail to inspire
Tuesday, 3 December 2013, 7:58 am | BusinessDesk
Dec 2 (BusinessDesk) – Wall Street began the week flat as the start to the holiday sales season was mixed, leaving investors wary of placing too many fresh bets ahead of the November payrolls report on Friday. More >>
Key hints at Chorus contract renegotiation
Monday, 2 December 2013, 6:14 pm | BusinessDesk
Dec. 2 (BusinessDesk) – Prime Minister John Key appears to be holding the door open to renegotiating the price at which Chorus undertakes its part of the national roll-out of fibre-optic cable under the government’s ultra-fast broadband project. More >>
MARKET CLOSE: NZ shares fall as Chorus battles regulation
Monday, 2 December 2013, 6:12 pm | BusinessDesk
Dec. 2 (BusinessDesk) – New Zealand shares fell as Chorus, fighting price controls, sank to a record low and other utilities at risk of regulation, including Meridian Energy, declined. More >>
Leighton-led bidders in box seat for Transmission Gully
Monday, 2 December 2013, 5:38 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The Wellington Gateway Partnership, led by a unit of ASX-listed Leighton Holdings, is in the box seat to win the $908 billion contract to build the Transmission Gully road north of Wellington. More >>
Chorus files High Court appeal over regulator’s price ruling
Monday, 2 December 2013, 5:30 pm | BusinessDesk
Dec. 2 (BusinessDesk) – Chorus has filed papers in the High Court challenging the way Commerce Commission set prices on its regulated copper lines, questioning whether the antitrust regulator interpreted the law correctly. More >>
NZ dollar gains on 40-year-high terms of trade
Monday, 2 December 2013, 5:23 pm | BusinessDesk
Dec. 2 (BusinessDesk) - The New Zealand dollar gain as local figures showed the country’s terms of trade at a 40-year high in September and after better-than-expected Chinese manufacturing data provided some optimism for the trans-Tasman nations selling into ... More >>
NZ Dollar Outlook: Kiwi may rise on upbeat economic data
Monday, 2 December 2013, 1:09 pm | BusinessDesk
Dec. 2 (BusinessDesk) – The New Zealand dollar may rise this week as improving economic data strengthens the case for interest rate rises next year. More >>
Danone commercial solution may not be possible: Spierings
Monday, 2 December 2013, 11:45 am | BusinessDesk
Dec. 2 (BusinessDesk) – Fonterra Cooperative Group chief executive Theo Spierings says months of talks with Danone over losses from the whey protein concentrate recall have failed to reach a commercial solution, suggesting the issue may end up in the ... More >>
NZ terms of trade soar to 40-year high in September quarter
Monday, 2 December 2013, 11:37 am | BusinessDesk
NZ terms of trade soar to 40-year high in 3Q as diary prices rocket More >>
