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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 1069]
NZ dollar drops to 17-mth low vs. GBP on BOE housing view
Friday, 29 November 2013, 8:37 am | BusinessDesk
NZ dollar drops to 17-month low vs. British pound after BOE pulls back on lending scheme More >>
While you were sleeping: German CPI accelerates
Friday, 29 November 2013, 7:46 am | BusinessDesk
Nov 29 (BusinessDesk) – Unexpected signs of accelerating inflation in Germany bolstered both European stocks and the currency as it underpinned optimism that the recovery in the region's largest economy might be gaining traction. More >>
Court reserves decision on inaccurate Dotcom search warrants
Thursday, 28 November 2013, 6:15 pm | BusinessDesk
Nov. 28 (BusinessDesk) - The Court of Appeal has reserved its judgment on whether the search warrants carried out during the high-profile arrest of Mega founder Kim Dotcom were so deficient as to be invalid. More >>
MARKET CLOSE: NZ shares gain; Air NZ at $1.67
Thursday, 28 November 2013, 5:50 pm | BusinessDesk
MARKET CLOSE NZ shares gain as Auckland Airport offers tax-efficient return, Air NZ up More >>
No majority if Govt forces copper-broadband pricing issue
Thursday, 28 November 2013, 5:47 pm | BusinessDesk
Nov 28 (BusinessDesk) – Any hope the government had that its support partners would vote to allow direct intervention on the price of copper-wire broadband services has evaporated with the United Future and Maori parties both pledging not to support ... More >>
NZ dollar holds near 3-month low as RBNZ shows LVR’s bite
Thursday, 28 November 2013, 5:30 pm | BusinessDesk
Nov. 28 (BusinessDesk) - The New Zealand dollar held near a three-month low after Reserve Bank figures showed its loan restrictions on low equity mortgages are slashing levels of highly leveraged borrowing by home buyers. More >>
SFO drops probe into NZF Money, leaves file open
Thursday, 28 November 2013, 3:24 pm | BusinessDesk
Nov. 28 (BusinessDesk) – The Serious Fraud Office has dropped its probe into failed finance company NZF Money, which was placed in receivership in July 2011 owing debenture holders some $16.4 million, citing insufficient evidence. More >>
Archer group withdraws Abano takeover, cites downgrade
Thursday, 28 November 2013, 2:54 pm | BusinessDesk
Nov. 28 (BusinessDesk) – A bidding group of Archer Capital, Peter Hutson and James Reeves has withdrawn a proposed takeover for Abano Healthcare after an independent valuer said the target’s shares were worth more and the board refused to allow ... More >>
FX Networks mulls options to rein in short-term debt
Thursday, 28 November 2013, 2:14 pm | BusinessDesk
Nov. 28 (BusinessDesk) – FX Networks, the privately-held telecommunications network operator, is mulling its options to rein in the amount of short-term debt on its books which has been hampering its bottom-line in recent years and is still working ... More >>
Deficient Dotcom search warrants not invalid, Crown says
Thursday, 28 November 2013, 2:08 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Search warrants executed in the 2012 arrest of Mega founder Kim Dotcom were deficient, but not so much as to be invalid and could still be understood by a reasonable person, according to the Crown. More >>
NZ business confidence rises to near 15-year high
Thursday, 28 November 2013, 2:03 pm | BusinessDesk
Nov. 28 (BusinessDesk) - New Zealand business confidence rose to near a 15-year high this month, led by a surge in sentiment among retailers and a happier agricultural sector. Expectations for hiring, investments, activity and pricing all rose. More >>
Ironsands miner Trans Tasman eyes raising of up to US$500M
Thursday, 28 November 2013, 1:32 pm | BusinessDesk
Ironsands miner Trans Tasman eyes capital-raising of up to US$500M by mid-2014 More >>
RBA's IMF payment spooks market on alert for intervention
Thursday, 28 November 2013, 1:15 pm | BusinessDesk
RBA’s routine IMF payment catches out market on high alert for intervention, people say More >>
Home loan restrictions are biting, Reserve Bank says
Thursday, 28 November 2013, 12:24 pm | BusinessDesk
Nov 28 (BusinessDesk) – Banks reduced the number of high debt mortgages they signed up in October, the first month of new Reserve Bank of New Zealand lending restrictions. More >>
Airport expects no credit rating impact from capital return
Thursday, 28 November 2013, 11:18 am | BusinessDesk
Nov. 28 (BusinessDesk) – Auckland International Airport, the second largest company on the NZX 50 Index by market value, expects to maintain its credit rating while taking on debt to part fund a $454 million capital return to shareholders, says chief ... More >>
Rob Everett, former UK consultant, banker, named CEO of FMA
Thursday, 28 November 2013, 10:15 am | BusinessDesk
Nov. 28 (BusinessDesk) – Rob Everett, a UK-based regulatory consultant and former investment banker, has been named chief executive of the Financial Markets Authority, replacing Sean Hughes. More >>
Comvita posts 1H loss of $790k on margin squeeze
Thursday, 28 November 2013, 9:09 am | BusinessDesk
Nov. 28 (BusinessDesk) - Comvita, which makes health products from Manuka honey, reported a first-half small loss as its margins were squeezed by expensive honey and as trading conditions in Australia and the UK were stretched by stiff competition. More >>
Auckland Airport plans to return $454M to shareholders
Thursday, 28 November 2013, 9:02 am | BusinessDesk
Nov. 28 (BusinessDesk) – Auckland International Airport, the nation’s busiest gateway, plans to return $454 million to shareholders by way of a share cancellation, with 60 percent of the payment to be treated as a taxable dividend. More >>
NZ dollar weakens after positive US data
Thursday, 28 November 2013, 8:52 am | BusinessDesk
Nov 28 (BusinessDesk) – The New Zealand dollar weakened as investors bet positive US data increases the chances the Federal Reserve will taper its monetary stimulus soon, bolstering the greenback. More >>
While you were sleeping: Jobless claims, HP surprise
Thursday, 28 November 2013, 7:41 am | BusinessDesk
Nov 28 (BusinessDesk) – Wall Street advanced amid better-than-expected US jobs data and earnings including from Hewlett-Packard, bolstering optimism about the outlook for the world's largest economy and corporate profits. More >>
