Scoop has an Ethical Paywall
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 1077]
DNZ 1H earnings rise 8.7%, expects to maintain dividends
Wednesday, 13 November 2013, 12:11 pm | BusinessDesk
DNZ Property posts 8.7% rise in 1H earnings, expects dividends to hold for FY14, FY15 More >>
Bank fees class action fingers Kiwibank as next target
Wednesday, 13 November 2013, 11:38 am | BusinessDesk
Nov. 13 (BusinessDesk) – A class action lawsuit claiming banks charge unfair penalty fees has added Kiwibank to its existing suit against ANZ Bank New Zealand. More >>
NZ food prices fall 1% in October, led by slide in tomatoes
Wednesday, 13 November 2013, 11:13 am | BusinessDesk
NZ food prices fall 1% in October as tomatoes lead slide in fruit and vegetables More >>
NZ dollar slumps as markets digest RBNZ’s risk outlook
Wednesday, 13 November 2013, 9:47 am | BusinessDesk
Nov 13 (BusinessDesk) – The New Zealand dollar slumped to a two-month low after the Reserve Bank highlighted risks facing the economy in its Financial Stability Report released this morning. More >>
Four insurers licensed with conditions on Canterbury claims
Wednesday, 13 November 2013, 9:23 am | BusinessDesk
Nov. 13 (BusinessDesk) – Four of the 99 insurers licensed under the Reserve Bank’s new prudential supervision regime have specific conditions related to solvency and capital risk stemming from their exposure to the Canterbury earthquake. More >>
Household saving threatened by rising credit appetite: RBNZ
Wednesday, 13 November 2013, 9:09 am | BusinessDesk
Nov. 13 (BusinessDesk) - Improvements in the country’s household savings rate in recent years as people got on top of stretched balance sheets during the longest recession in 20 years may be under threat amid increased appetite for credit, according ... More >>
NZ dairy sector highly indebted, vulnerable to price fall
Wednesday, 13 November 2013, 9:08 am | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand’s dairy sector is still highly indebted and vulnerable to a fall in record high commodity prices and rising interest rates, according to the Reserve Bank. More >>
RBNZ says too early to assess impact of LVR loan limits
Wednesday, 13 November 2013, 9:06 am | BusinessDesk
Nov. 13 (BusinessDesk) - The Reserve Bank says it’s too early to draw conclusions on the impact of its restrictions on low equity home loans, though the early indications are that they have tweaked lenders’ behaviour. More >>
NZ dollar weakens on optimism about US economic revival
Wednesday, 13 November 2013, 8:42 am | BusinessDesk
Nov. 13 (BusinessDesk) – The New Zealand dollar weakened as investors bet better jobs figures in the US point to a revival in the world’s largest economy which could see the Federal Reserve taper its monetary stimulus programme as early as December. More >>
While you were sleeping: Fed's mixed message
Wednesday, 13 November 2013, 7:49 am | BusinessDesk
Nov 13 (BusinessDesk) – Wall Street declined, pushing the Dow Jones Industrial Average down from a record high, as investors assessed comments by US Federal Reserve policy makers for clues about its monetary stimulus program. More >>
MARKET CLOSE: NZ shares mixed; Chorus, Sky TV fall, KIP gain
Tuesday, 12 November 2013, 5:59 pm | BusinessDesk
Nov. 12 (BusinessDesk) – New Zealand shares were mixed, with the NZX 50 Index slipping as Chorus and Sky Network Television fell, while Kiwi Income Property Group and Ryman Healthcare gained. More >>
NZ dollar drifts lower as investors mull US recovery
Tuesday, 12 November 2013, 5:13 pm | BusinessDesk
Nov. 12 (BusinessDesk) - The New Zealand dollar drifted lower in local trading as investors mull the prospects of the US economic recovery and look ahead to tomorrow’s financial stability report from the Reserve Bank. More >>
Kiwi Income raised to ‘buy’ from 'hold' at Craigs
Tuesday, 12 November 2013, 2:11 pm | BusinessDesk
Kiwi Income raised to ‘buy’ at Craigs on ‘earnings accretive’ plan to take management inhouse More >>
MIDDAY UPDATE: House prices keep rising in October
Tuesday, 12 November 2013, 12:09 pm | BusinessDesk
Nov. 12 (BusinessDesk) – New Zealand house prices continued their meteoric rise to new records heights in October, the first month the Reserve Bank’s restrictions on home lending kicked in, though sales volumes were up at a slower pace. More >>
Vector wades in on 4G spectrum, opposes telcos buying more
Tuesday, 12 November 2013, 11:18 am | BusinessDesk
Nov. 12 (BusinessDesk) – Vector opposes antitrust approval being given to dominant mobile phone operators Telecom and Vodafone New Zealand to buy more radio spectrum set aside for fourth-generation mobile technology, saying it would lock out other ... More >>
NZ median house price rises to record in October, sales slow
Tuesday, 12 November 2013, 11:02 am | BusinessDesk
NZ median house price rises to record in October, sales volumes dented by LVR restrictions More >>
Greenies run out of gas in appealing Denniston Plateau mine
Tuesday, 12 November 2013, 9:50 am | BusinessDesk
Nov. 12 (BusinessDesk) - The Royal Forest & Bird Protection Society won’t appeal an Environment Court ruling signing off on a planned coal mine for the West Coast’s Denniston Plateau after cutting a deal with mining company Bathurst Resources yesterday. More >>
Infratil lifts 1H dividend as Z sell-down floods coffers
Tuesday, 12 November 2013, 9:30 am | BusinessDesk
Nov. 12 (BusinessDesk) - Infratil, the listed infrastructure investor, raised its first-half dividend after trebling its money from the sell-down of service station chain Z Energy, while pretax earnings were hurt by smaller contributions from power ... More >>
Mainfreight first-half profit jumps 51% on Bosman settlement
Tuesday, 12 November 2013, 9:25 am | BusinessDesk
Nov. 12 (BusinessDesk) – Mainfreight, the transport and logistics group, reported a 51 percent increase in first-half profit, helped by its settlement with the former owners of Wim Bosman and improved performance in Australasia and Asia. More >>
NZ dollar declines in quiet trading during US holiday
Tuesday, 12 November 2013, 8:53 am | BusinessDesk
NZ dollar declines in quiet trading during US holiday, focus on Fed tapering, NZ house price data More >>
