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BusinessDesk - Latest News [Page 1098]

NZ dollar little changed on US stalemate

Friday, 4 October 2013, 5:44 pm | BusinessDesk

Oct. 4 (BusinessDesk) – The New Zealand dollar was little changed as investors are reluctant to take bets until a standoff on US budget talks is resolved. More >>

MARKET CLOSE: NZ shares fall on Meridian IPO, US impasse

Friday, 4 October 2013, 5:33 pm | BusinessDesk

MARKET CLOSE: NZ shares fall on Meridian IPO, US impasse; Z Energy at post-float high More >>

Solid Energy posts $335 mln loss on writedowns, costs

Friday, 4 October 2013, 5:13 pm | BusinessDesk

Oct. 4 (BusinessDesk) – Financially distressed state-owned coal miner Solid Energy has declared a $335 million loss for the year to June 30, reflecting writedowns in the value of its assets of $215.3 million and restructuring costs of $102.2 million. More >>

Exide Technologies turns to profit in 2013, sales slide

Friday, 4 October 2013, 4:10 pm | BusinessDesk

Exide Technologies turns to profit in 2013, sales slide after Petone plant closure, sale of unit More >>

Fisher Funds doubles full-year profit

Friday, 4 October 2013, 3:59 pm | BusinessDesk

Oct. 4 (BusinessDesk) – Fisher Funds Management more than doubled its profit last year as a strong performance and inflows for most of its funds allowed the privately owned firm to lift management fees and earn performance fees. More >>

Telecom lines up to buy 700MHz spectrum

Friday, 4 October 2013, 2:46 pm | BusinessDesk

Oct. 4 (BusinessDesk) – Telecom has registered as a bidder for this month’s government auction of spectrum in the 700 Megahertz range, which the phone company would use to build out its 4Gnetwork from major cities. More >>

MIDDAY UPDATE: Banks lure customers with iPads, TVs, phones

Friday, 4 October 2013, 12:17 pm | BusinessDesk

Oct. 4 (BusinessDesk) - Banks are improving the profit margins on their lending by competing less on cut-throat interest rates and instead are using giveaway offers for iPads, televisions and smartphones, according to the quarterly KPMG Financial ... More >>

REPEAT: Air NZ plans to raise stake in Virgin Australia

Friday, 4 October 2013, 10:41 am | BusinessDesk

REPEAT: Air NZ plans to raise stake in Virgin Australia to 25.9 percent after gaining approvals More >>

Air NZ plans to raise stake in Virgin Australia to 25.9%

Friday, 4 October 2013, 10:07 am | BusinessDesk

Air NZ plans to raise stake in Virgin Australia to 25.9% after gaining approvals More >>

NZ dollar retraces some of yesterday’s gains

Friday, 4 October 2013, 8:44 am | BusinessDesk

NZ dollar retraces some of yesterday’s gains as markets digest Wheeler interest rate comments More >>

While you were sleeping: Wall Street, Black Hawk down

Friday, 4 October 2013, 7:35 am | BusinessDesk

Oct 4 (BusinessDesk) – Wall Street declined on concern about the lack of progress in solving the political stalemate over a US budget agreement that has closed all non-essential government services and risks grinding the recovery in the world's ... More >>

Banks competing less on interest rates for mortgage lending

Friday, 4 October 2013, 6:54 am | BusinessDesk

Oct. 3 (BusinessDesk) – Banks are improving the margins on their lending by competing less on cut-throat interest rates and instead are increasingly using giveaway offers for iPads, televisions and smartphones, says the quarterly KPMG Financial Institutions ... More >>

MARKET CLOSE: Kathmandu on a tear as NZ shares edge up

Thursday, 3 October 2013, 6:08 pm | BusinessDesk

Oct. 3 (BusinessDesk) – Retailers dominated gainers on the NZX, with Kathmandu putting on a further 7 percent to close at $3.60 on a day when the market as a whole drifted up slightly. More >>

NZ dollar holds gains as Wheeler cites house-price inflation

Thursday, 3 October 2013, 5:27 pm | BusinessDesk

Oct. 3 (BusinessDesk) – The New Zealand dollar held its gains after jumping at the start of the day when Reserve Bank Governor Graeme Wheeler said he would raise interest rates more aggressively if mortgage lending limits don’t curb house-price ... More >>

From the Farm: MPI, on right track, has further to go

Thursday, 3 October 2013, 4:10 pm | BusinessDesk

Oct. 3 (BusinessDesk) - Martyn Dunne, a former Special Air Service commander in 1 Ranger Squadron, has his own page on Wikipedia (http://en.wikipedia.org/wiki/Martyn_Dunne). More >>

Power companies may ‘sue for peace’ if Labour-Greens win

Thursday, 3 October 2013, 4:08 pm | BusinessDesk

Oct. 3 (BusinessDesk) – Electricity companies would be likely to “sue for peace” if a Labour-Green coalition government takes power at the 2014 election, to try to forestall plans to upend existing electricity markets, says Edison International ... More >>