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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 1104]
MARKET CLOSE: NZ shares fall as Meridian float looms
Monday, 23 September 2013, 6:01 pm | BusinessDesk
Sept. 23 (BusinessDesk) – New Zealand shares fell, with the NZX 50 Index extending its drop from a record, as investors prepare for the Meridian Energy sale and mull the potential end of US monetary stimulus. Sky Network Television and Fonterra Shareholders’ ... More >>
NZ dollar little changed after upbeat Chinese manufacturing
Monday, 23 September 2013, 5:16 pm | BusinessDesk
Sept. 23 (BusinessDesk) - The New Zealand dollar was little changed in local trading after Chinese manufacturing figures beat expectations, as investors rethink last week’s action when the Federal Reserve didn’t embark on slowing down its pace ... More >>
Cunliffe confirms Parker’s economic approach
Monday, 23 September 2013, 4:35 pm | BusinessDesk
Sept. 23 (BusinessDesk) – Labour plans no change to key economic planks, including a capital gains tax, the single buyer electricity policy, affordable home-building policy, and a broader mandate for monetary policy than inflation control, Labour’s ... More >>
Wrightson chair John Anderson to retire at October meeting
Monday, 23 September 2013, 2:47 pm | BusinessDesk
Sept. 23 (BusinessDesk) - PGG Wrightson chairman John Anderson will retire from the rural services company at the annual meeting next month. More >>
Z heads into first strategy refresh since founding
Monday, 23 September 2013, 2:21 pm | BusinessDesk
Sept. 23 (BusinessDesk) – Newly listed transport fuels distributor Z Energy is heading into the first refresh of its corporate strategy since launching three years ago. More >>
Alison Andrew appointed to head Transpower
Monday, 23 September 2013, 12:51 pm | BusinessDesk
Sept. 23 (BusinessDesk) – State-owned national grid operator Transpower named former senior executive at Fletcher Challenge and Fonterra Cooperative Group, Alison Andrew, to replace outgoing chief executive Patrick Strange early next year. More >>
MIDDAY UPDATE: Kiwis work longer, produce less
Monday, 23 September 2013, 12:21 pm | BusinessDesk
Sept. 24 (BusinessDesk) – New Zealanders typically work longer hours than their peers in developed nations, but have less to show for themselves, according to a Productivity Commission report. More >>
NZ Dollar Outlook: Kiwi may trade in narrow range
Monday, 23 September 2013, 12:19 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may trade in narrow range as investors mull Fed tapering outlook More >>
Telecom backs setting copper prices until 2020
Monday, 23 September 2013, 10:44 am | BusinessDesk
Telecom backs setting copper prices until 2020, warns against getting too far away from input cost More >>
Kiwis work longer, produce less: Productivity Commission
Monday, 23 September 2013, 10:05 am | BusinessDesk
Sept. 23 (BusinessDesk) – New Zealanders work longer hours than the average of their peers in other developed countries but produce a fifth less, according to a Productivity Commission report that finds little evidence the situation is improving. More >>
NZ dollar weakens as investors ponder start to Fed tapering
Monday, 23 September 2013, 8:42 am | BusinessDesk
Sept. 23 (BusinessDesk) – The New Zealand dollar weakened as investors evaluate whether the Federal Reserve may start tapering its monetary stimulus next month after unexpectedly keeping the programme unchanged this month. More >>
World Week Ahead: Data reality check
Monday, 23 September 2013, 7:01 am | BusinessDesk
Sept. 23 (BusinessDesk) – While the Fed’s decision not to begin its taper captured most of the headlines last week, it was the US central bank’s dimming view of economic growth that investors will be focused on this week. More >>
MARKET CLOSE: NZX 50 falls from record on profit taking
Friday, 20 September 2013, 5:43 pm | BusinessDesk
Sept. 20 (BusinessDesk) – New Zealand shares declined for the first time in two weeks as investors took advantage of gains to sell their shares at a profit. More >>
Kiwi heads for 3.1 percent weekly gain after Fed holds fire
Friday, 20 September 2013, 5:30 pm | BusinessDesk
NZ dollar heads for 3.1 percent weekly gain after Fed holds fire, local recovery continues More >>
RBNZ refines definitions of loans terms to ensure compliance
Friday, 20 September 2013, 5:12 pm | BusinessDesk
Sept. 20 (BusinessDesk) – New Zealand’s Reserve Bank is refining definitions of loans, valuations and properties to ensure banks implement new restrictions on high debt loans consistently. More >>
Abano bid undervalues dental and ignores other units: MD
Friday, 20 September 2013, 3:41 pm | BusinessDesk
Sept. 20 (BusinessDesk) - A potential takeover bid of Abano Healthcare led by private equity firm Archer Capital and involving former director Peter Hutson significantly undervalues the targeted dental business and completely ignores the other units, ... More >>
Meridian entry price massaged to be $1 a share
Friday, 20 September 2013, 2:38 pm | BusinessDesk
Sept. 20 (BusinessDesk) – Almost one million extra Meridian shares have been issued to bring the entry price for participation down to $1 a share in the first instalment of the government’s second partial privatisation. More >>
‘Trinity’ companies told to pay 15-year-old $2.5M tax bill
Friday, 20 September 2013, 1:25 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Companies associated with the Trinity forestry scheme have been ordered to pay $2.43 million in 15-year-old back-taxes and penalties, or face potential liquidation. More >>
MIDDAY UPDATE: Meridian is coming
Friday, 20 September 2013, 12:16 pm | BusinessDesk
Sept. 20 (BusinessDesk) – The government has lodged the formal offer documents for its partial privatisation of the country’s biggest power company, Meridian Energy, in what will raise up to $2.9 billion. More >>
NZ net migration rises in August as fewer people move to Aus
Friday, 20 September 2013, 12:11 pm | BusinessDesk
NZ net migration rises in August as fewer people move to Australia, boosting local economy More >>
