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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 1081]
NZ unemployment falls to 6.2% as companies hire; kiwi jumps
Wednesday, 6 November 2013, 10:56 am | BusinessDesk
Nov. 6 (BusinessDesk) - New Zealand’s unemployed rate fell more than expected in the third quarter as construction, retail and hospitality firms hired workers. The kiwi dollar jumped a third of a US cent on the figures. The unemployment rate slipped ... More >>
Nuplex forecasts lift in 2014 earnings, largely flat markets
Wednesday, 6 November 2013, 9:50 am | BusinessDesk
Nov. 6 (BusinessDesk) - Nuplex Industries, the specialty chemicals maker, affirmed guidance for a pickup in earnings this year, while reiterating that markets are expected to remain “largely flat” and the results will turn on trading in Australia and ... More >>
Govt proposes shake-up to cut cost of building materials
Wednesday, 6 November 2013, 9:42 am | BusinessDesk
Nov. 6 (BusinessDesk) - The government is set to shake-up the construction sector in a bid to bring down the cost of building materials, which it says are “too high”, unveiling a raft of proposals such as rejigging compliance settings, tweaking import ... More >>
NZ dollar advances to week-high as kiwi favoured over Aussie
Wednesday, 6 November 2013, 9:09 am | BusinessDesk
Nov. 6 (BusinessDesk) – The New Zealand dollar touched a week high on strong demand for the local currency after the Reserve Bank of Australia said that nation’s currency was too high. More >>
While you were sleeping: Data points to US expansion
Wednesday, 6 November 2013, 7:49 am | BusinessDesk
Nov 6 (BusinessDesk) – US Treasuries fell amid signs of better-than-expected growth in the American services sector last month, ahead of key reports on economic growth and employment. More >>
Dairy product prices fall 1.8% in GDT auction
Wednesday, 6 November 2013, 7:19 am | BusinessDesk
Dairy product prices fall 1.8% in GDT auction, led by whole milk powder, butter More >>
Government puts $900K into taking WOW global
Tuesday, 5 November 2013, 6:50 pm | BusinessDesk
Nov. 5 (BusinessDesk) – The World of Wearable Arts event will get a $900,000 boost from the government’s Major Events Fund to push it onto the global stage, Economic Development Minister Steven Joyce has announced. More >>
MARKET CLOSE: NZ shares gain; Xero, Ryman at record
Tuesday, 5 November 2013, 5:56 pm | BusinessDesk
Nov. 5 (BusinessDesk) – New Zealand shares rose as Xero, Ryman Healthcare and Summerset Group all rose to record highs. Chorus was the biggest decliner after the regulator reiterated the need for price cuts for network access. More >>
RBA keeps rates on hold, ‘uncomfortably high’ currency falls
Tuesday, 5 November 2013, 5:19 pm | BusinessDesk
Nov. 5 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged as expected while noting that its currency is “uncomfortably high”. The Australian dollar fell against the greenback and the kiwi after the statement. More >>
NZ dollar gains vs. Aust counterpart after RBA statement
Tuesday, 5 November 2013, 5:16 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate unchanged and said the Australian currency is “still uncomfortably high”. More >>
Auditor gives mixed report on EQC for Christchurch rebuild
Tuesday, 5 November 2013, 3:24 pm | BusinessDesk
Nov. 5 (BusinessDesk) – The Earthquake Commission gets a mixed report from Auditor General for managing home repairs after the Canterbury quakes, with a pass mark for managing the programme and controlling costs, and a fail for how it has dealt with ... More >>
FMA charges OPI Pacific directors over offer documents
Tuesday, 5 November 2013, 1:01 pm | BusinessDesk
Nov. 5 (BusinessDesk) – The Financial Markets Authority is charging four directors of failed lender OPI Pacific Finance, which owes more than 10,000 investors about $247 million, with making untrue statements in offer documents. More >>
Gale cedes ground on copper pricing, citing investment needs
Tuesday, 5 November 2013, 1:01 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Telecommunications Commissioner Stephen Gale has defended his proposal to cut Chorus’s copper network pricing, saying he has ceded some ground because he doesn’t want to deter investment in fibre. More >>
MIDDAY UPDATE: Chorus shares slump on cheaper copper prices
Tuesday, 5 November 2013, 12:19 pm | BusinessDesk
Nov. 5 (BusinessDesk) – Shares in Chorus dropped to a four-month low after Telecommunications Commissioner Stephen Gale set cheaper prices for wholesale access to the company’s ageing copper network. More >>
Auckland house sales not constrained by lending limits
Tuesday, 5 November 2013, 11:09 am | BusinessDesk
Auckland house sales weren’t constrained by tougher Reserve Bank rules in October, Barfoot says More >>
Summerset, Auckland Council reach compromise on Hobsonville
Tuesday, 5 November 2013, 11:02 am | BusinessDesk
Nov. 5 (BusinessDesk) – Summerset Group says it has reached a compromise with Auckland Council over the company’s proposed $120 million retirement village in Hobsonville, north of Auckland, after the original design was vetoed by the council in February. More >>
UPDATED: Telco Commissioner proposes smaller cut to copper
Tuesday, 5 November 2013, 9:22 am | BusinessDesk
Nov. 5 (BusinessDesk) – Telecommunications Commissioner Stephen Gale has ceded some ground in setting the final regulated price for Chorus’s wholesale copper services, though is still backing a cheaper price than what the government has put ... More >>
NZ dollar advances on weaker US data
Tuesday, 5 November 2013, 8:56 am | BusinessDesk
Nov. 5 (BusinessDesk) – The New Zealand dollar advanced on the coattails of weaker US data and buoyant Australian economic figures. More >>
Telco Commissioner Gale proposes smaller cut to copper price
Tuesday, 5 November 2013, 8:19 am | BusinessDesk
Nov. 5 (BusinessDesk) – Telecommunications Commissioner Stephen Gale has ceded some ground in setting the final regulated price for Chorus’s wholesale copper services, though is still backing a cheaper price than what the government has put ... More >>
While you were sleeping: Eyes on GDP, jobs
Tuesday, 5 November 2013, 7:23 am | BusinessDesk
Nov 5 (BusinessDesk) – Wall Street was mixed as investors awaited key reports on economic growth and employment later this week. More >>
