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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 1107]
Chorus calls on ex-Telco Commissioner to back its case
Tuesday, 17 September 2013, 10:49 am | BusinessDesk
Sept. 17 (BusinessDesk) - Chorus, the network operator carved out of Telecom in 2011, has turned to former Telecommunications Commissioner Ross Patterson in its bid for a rewrite of regulation governing its ability to set prices on its ageing copper ... More >>
NZ dollar little changed before RBA minutes
Tuesday, 17 September 2013, 9:12 am | BusinessDesk
Sept. 17 (BusinessDesk) – The New Zealand dollar is little changed against the Australian dollar before the release of minutes from the Reserve Bank of Australia’s last meeting which may signal whether Australian interest rates will remain on hold ... More >>
Edison, Woodward Partners to put out Meridian research
Tuesday, 17 September 2013, 9:00 am | BusinessDesk
Sept. 17 (BusinessDesk) - Stock-exchange operator NZX will publish reports by research houses Edison and Woodward Partners on the upcoming Meridian Energy float as part of a plan to keep retail investors informed of the government’s planned partial ... More >>
While you were sleeping: Summers exit lifts stocks
Tuesday, 17 September 2013, 7:41 am | BusinessDesk
Sept 17 (BusinessDesk) – Wall Street gained after Lawrence Summers withdrew his candidacy for the top Federal Reserve job and as agreement on a plan to get rid of Syria's chemical weapons removed the imminent threat of US military action. More >>
MARKET CLOSE: NZX 50 at record 5 years after Lehman collapse
Monday, 16 September 2013, 6:09 pm | BusinessDesk
Sept. 16 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a record high on the fifth anniversary of the collapse of Lehman Brothers, as confidence about continued economic growth and a recovery in Australia’s housing market lifted ... More >>
Asset sales will struggle to net $5 billion, says Key
Monday, 16 September 2013, 5:48 pm | BusinessDesk
Sept. 16 (BusinessDesk) – The government’s asset sales programme risks raising less than the $5 billion lower end of its target range for proceeds, Prime Minister John Key said today. More >>
NZ dollar hits four-month high after Summers exits Fed race
Monday, 16 September 2013, 5:30 pm | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar rose to a four-month high in local trading after former US Treasury secretary Larry Summers pulled out of the race to head the US Federal Reserve, ahead of the first expected tapering of the US central ... More >>
Key confirms Meridian float, documents to be filed on Friday
Monday, 16 September 2013, 4:37 pm | BusinessDesk
Sept. 16 (BusinessDesk) – The government will go ahead with its planned partial sale of Meridian Energy and will lodge the offer documents on Friday. More >>
RESEND NZ Dollar Outlook Kiwi may gain on rate rise focus
Monday, 16 September 2013, 3:40 pm | BusinessDesk
Sept. 16 (BusinessDesk) – The New Zealand dollar may gain this week as investors overlook a temporary dip in second-quarter growth and a modest start to tapering in the US to focus on a looming interest rate hike next year. More >>
Argosy buys Wiri property for $38 mln
Monday, 16 September 2013, 3:39 pm | BusinessDesk
Sept. 16 (BusinessDesk) – Argosy Property, which raised $86.9 million last month, has bought a new warehouse in South Auckland’s Wiri for $38 million. More >>
RESEND: NZ Dollar Outlook: Kiwi may gain on rates outlook
Monday, 16 September 2013, 2:14 pm | BusinessDesk
RESEND: NZ Dollar Outlook: Kiwi may gain as investors focus on future rate hike; overlook GDP, tapering More >>
NZ Dollar Outlook: Kiwi may gain as investors focus on rates
Monday, 16 September 2013, 2:09 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may gain as investors focus on future rate hike; overlook GDP, tapering More >>
Abano continues to resist takeovers, rejects approach
Monday, 16 September 2013, 1:53 pm | BusinessDesk
Sept. 16 (BusinessDesk) – Abano Healthcare Group, the healthcare services investor, has rejected an amended takeover proposal from Archer Capital and shareholding director Peter Hutson saying they don’t offer enough for control and the buyout firm is ... More >>
SkyCity’s Queenstown ambitions face convention centre test
Monday, 16 September 2013, 1:24 pm | BusinessDesk
Sept. 16 (BusinessDesk) –SkyCity Entertainment Group’s Queenstown growth ambitions will be tested tomorrow when the local council decides whether to greenlight a proposed $50 million convention centre with the casino company as preferred operator. More >>
MIDDAY UPDATE: Pace of house sales slows
Monday, 16 September 2013, 12:14 pm | BusinessDesk
Sept. 16 (BusinessDesk) – The pace of growth in New Zealand’s property market slowed last month as looming restrictions on the ability of people to borrow with small deposits kept potential sellers in check. More >>
NZ services sector activity slows
Monday, 16 September 2013, 11:14 am | BusinessDesk
Sept. 16 (BusinessDesk) – New Zealand’s services sector, which accounts for almost two-thirds of the economy, slowed in August as dwindling activity in the South Island dragged on the national figure. More >>
Kiwis less bullish on buying big ticket items, still upbeat
Monday, 16 September 2013, 10:27 am | BusinessDesk
Sept. 16 (BusinessDesk) – New Zealand consumers are less keen on buying major household items though broadly confidence remains strong, based on the Westpac McDermott Miller Consumer Confidence Index. More >>
NZ house sales growth slow in August
Monday, 16 September 2013, 10:24 am | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand house sales growth slowed in August as the pending limits on low equity home loans kept sellers uncertain as to their impact on what’s been a bubbling market. More >>
World Week Ahead: It’s taper time
Monday, 16 September 2013, 6:30 am | BusinessDesk
Sept. 16 (BusinessDesk) - After months of setting the stage, the US Federal Reserve is days away from starting to rein in the massive stimulus it has been providing to the world's biggest economy. More >>
Chairman props up $600k Allied Farmers bond issue
Friday, 13 September 2013, 5:49 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Allied Farmers, which is slowly rebuilding from a disastrous takeover of the Hanover and United Finance loan books, has staved off insolvency after raising $600,000 in a bond issue, almost half of which was bought by interests ... More >>
