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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 1083]
Auck airport outlines Guangzhou hub plan, targets Indians
Friday, 1 November 2013, 5:19 pm | BusinessDesk
Nov. 1 (BusinessDesk) – Auckland International Airport sees India as one of the most attractive sources of immediate growth in passenger arrivals and is planning to more than double last year’s 29,856 visitor arrivals from India by 2020. More >>
Finance Minister English to stand as list candidate in 2014
Friday, 1 November 2013, 4:28 pm | BusinessDesk
Nov. 1 (BusinessDesk) - Finance Minister Bill English will step down from his electorate seat at next year’s election, standing only as a list candidate. More >>
Heartland on track to meeting FY earnings target
Friday, 1 November 2013, 3:28 pm | BusinessDesk
Heartland on track to meeting FY earnings target with $8.5 mln profit in 1Q More >>
Capital-hungry Kiwibank cornerstone in NZ Post’s future
Friday, 1 November 2013, 1:00 pm | BusinessDesk
Nov. 1 (BusinessDesk) - Kiwibank, the country’s fifth biggest lender by assets, will play a key role in the future of New Zealand Post, which today announced it will cut its workforce by as much as a fifth as it contends with an “irreversible ... More >>
MIDDAY UPDATE: NZ Post to cut as many as 2,000 jobs
Friday, 1 November 2013, 12:50 pm | BusinessDesk
MIDDAY UPDATE: NZ Post to cut as many as 2,000 jobs over three years More >>
Bauer to buy APN's NZ magazine titles
Friday, 1 November 2013, 12:32 pm | BusinessDesk
Nov 1 (BusinessDesk) – APN News & Media, which publishes the New Zealand Herald newspaper, is seeking competition authorities’ clearance to sell its New Zealand Magazines business to German rival Bauer Media Group for an undisclosed sum. More >>
Up to 2,000 NZ Post jobs to go in three year shake-up
Friday, 1 November 2013, 11:42 am | BusinessDesk
Nov 1 (BusinessDesk) – Between 1,500 and 2,000 New Zealand Post staff will lose their jobs over the next three years as the state-owned postal operator and owner of KiwiBank cuts swathes off its costs by reducing mail deliveries, closing Post ... More >>
Fabric retailer Arthur Toye closing its doors after 75 years
Friday, 1 November 2013, 11:02 am | BusinessDesk
Nov 1 (BusinessDesk) – Arthur Toye Fabrics is closing down after 75 years of fabric retailing in New Zealand, selling the last of its stock at half price at its remaining three North Island stores. More >>
Sir Doug Graham to keep knighthood: Key
Friday, 1 November 2013, 10:44 am | BusinessDesk
Nov. 1 (BusinessDesk) - Prime Minister John Key has decided against stripping former Lombard Finance & Investment chairman Sir Doug Graham of his knighthood after the Supreme Court upheld his conviction last week. More >>
Fonterra takes Bega stake as Aussie dairy consolidates
Friday, 1 November 2013, 9:02 am | BusinessDesk
Nov. 1 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has built a 6 percent stake in ASX-listed Bega Cheese, signalling its support for a complex battle for control of third tier players in the Australian dairy industry ... More >>
NZ dollar surges vs. euro as weak data weighs on Europe
Friday, 1 November 2013, 8:57 am | BusinessDesk
NZ dollar surges against euro as weaker data prompts speculation ECB will add more stimulus More >>
While you were sleeping: Eurozone inflation slows
Friday, 1 November 2013, 8:07 am | BusinessDesk
Nov. 1 (BusinessDesk) – The euro weakened against most of its peers, falling to a two-week low against the greenback after inflation slowed more than expected and unemployment in the eurozone rose to a record. More >>
Ministers dodged meeting with MRP chair Withers over buyback
Thursday, 31 October 2013, 6:13 pm | BusinessDesk
Oct. 31 (BusinessDesk) - MightyRiverPower’s shareholding ministers Bill English and Tony Ryall dodged a phone conference with chair Joan Withers in the lead-up to the power company announcing its share buyback after Treasury officials warned they ... More >>
Crowd-funding for investment, not refinancing loans
Thursday, 31 October 2013, 5:52 pm | BusinessDesk
Oct. 31 (BusinessDesk) – Draft regulations governing the practice of crowd-funding suggest such offers should be limited by a “principal purpose” test to ensure crowd-funding services match issues with investors who have small amounts to invest. More >>
MARKET CLOSE: NZ shares rise, as blue chips gain
Thursday, 31 October 2013, 5:50 pm | BusinessDesk
Oct. 31 (BusinessDesk) – New Zealand shares rose as Fletcher Building climbed to its highest in more than five years and Telecom paced gains among blue chip companies. Tech start-up GeoOp soared 120 percent in its NZAX debut. More >>
NZ dollar gains after Australian building approvals, RBNZ
Thursday, 31 October 2013, 5:12 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher as a jump in Australian building consents helped lift both currencies and after Reserve Bank governor Graeme Wheeler said a strong kiwi may limit the timing ... More >>
War on tax dodging prompts U-turn on foreign profit reports
Thursday, 31 October 2013, 4:24 pm | BusinessDesk
Oct. 31 (BusinessDesk) – The government is reversing a decision that would have excluded most foreign-owned New Zealand companies from having to publish annual financial statements publicly as global tax authorities focus on the growing problem of multi-national ... More >>
Ex-RBNZ staffers appeal over top-up on pension
Thursday, 31 October 2013, 3:40 pm | BusinessDesk
Ex-RBNZ executives take fight for top-up on ‘gold-plated’ pension to Appeal Court More >>
Meridian says Bank of New York Mellon has 3.98%, not 8.12%
Thursday, 31 October 2013, 2:08 pm | BusinessDesk
Oct 31 (BusinessDesk) – Meridian Energy, which listed on the New Zealand stock exchange on Tuesday, says Bank of New York Mellon Corp. has just 3.98 percent of the company, after the bank filed a substantial security notice today stating a higher ... More >>
NZ business confidence holds near five-year high
Thursday, 31 October 2013, 2:07 pm | BusinessDesk
Oct. 31 (BusinessDesk) - New Zealand business confidence slipped from a five-year high in October, while remaining at an elevated level, with firms more bullish about exports and slightly less so on profits and lifting prices. More >>
