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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 1108]
MARKET CLOSE: NZX50 Index heads towards May’s record high
Friday, 13 September 2013, 5:42 pm | BusinessDesk
Sept 13 (BusinessDesk) – New Zealand shares continued their climb this week, approaching a record high reached in May, buoyed by a positive earnings season and fading fears of western military action in Syria. More >>
NZ dollar heads for 1.5% weekly gain on rates hike prospect
Friday, 13 September 2013, 5:13 pm | BusinessDesk
Sept. 13 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent weekly gain after the Reserve Bank yesterday said it will probably start hiking rates next year, though the prospect of the US Federal Reserve unwinding its money printing ... More >>
NZ consumer confidence slips in September, mood still upbeat
Friday, 13 September 2013, 1:40 pm | BusinessDesk
Sept. 13 (BusinessDesk) – New Zealand consumer confidence slipped this month although the mood remains buoyant. More >>
Central Plains irrigation scheme seeks $43M
Friday, 13 September 2013, 12:35 pm | BusinessDesk
Sept. 13 (BusinessDesk) – The $145 million dollar first stage of a major South Canterbury irrigation scheme, Central Plains Water, has taken a big step forward with farmers in the catchment being offered shares in a private capital-raising of ... More >>
MIDDAY UPDATE: Warehouse profits on asset sales, new units
Friday, 13 September 2013, 12:22 pm | BusinessDesk
Sept. 13 (BusinessDesk) – The country’s biggest listed retailer Warehouse Group boosted its annual profit by 61 percent as it reaped the gains from selling property and adding new revenue streams from acquisitions in the year. More >>
NZ manufacturing activity slows in August
Friday, 13 September 2013, 11:29 am | BusinessDesk
Sept. 13 (BusinessDesk) – New Zealand manufacturing activity slipped in August but remained in broad expansion mode. More >>
Food prices fall 0.5% in August, led by meat and groceries
Friday, 13 September 2013, 11:12 am | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand food prices fell in August, the first drop in five months, with cheaper meat, poultry and fish, and grocery items leading the way. More >>
Sky TV board adds Snakk’s Handley, ex-SAP exec McBride
Friday, 13 September 2013, 10:45 am | BusinessDesk
Sept. 13 (BusinessDesk) - Sky Network Television, the country’s dominant pay-TV provider, has added two new independent directors to its board, beefing up its experience in mobile and software technology. More >>
Business NZ defends RMA reforms as misunderstood and overdue
Friday, 13 September 2013, 10:23 am | BusinessDesk
Sept. 13 (BusinessDesk) – Proposed reforms to the Resource Management Act are overdue and rightly seek a new balance between environmental and economic development priorities, says the head of the country’s largest business lobby group, Business New Zealand. More >>
Warehouse FY profit jumps 61% on asset sales, acquisitions
Friday, 13 September 2013, 9:27 am | BusinessDesk
Sept. 13 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, boosted annual profit 61 percent after reaping gains on property sales early in the year, and from the contributions of its Torpedo7 and Noel Leeming acquisitions. More >>
NZ dollar jumps to 3-week high on rate hikes next year
Friday, 13 September 2013, 9:01 am | BusinessDesk
NZ dollar jumps to three-week high after RBNZ says interest rates to rise next year More >>
While you were sleeping: US jobless claims, gold fall
Friday, 13 September 2013, 7:18 am | BusinessDesk
Sept. 13 (BusinessDesk)- Wall Street halted a seven-day gain as investors positioned for the next move from the US Federal Reserve and President Barack Obama's plan for Syria. More >>
Claim against Perpetual Trust re Capital + Merchant cleared
Thursday, 12 September 2013, 5:54 pm | BusinessDesk
Sept. 12 (BusinessDesk) - A claim by the receiver of failed lender Capital + Merchant Finance against its trustee Perpetual Trust has got the go-ahead after the High Court in Auckland appointed state-owned Public Trust to take over as the trustee of last ... More >>
NZ dollar soars vs. Aust as RBNZ flags rate hike next year
Thursday, 12 September 2013, 5:53 pm | BusinessDesk
NZ dollar soars vs. Aust as RBNZ flags rate hike next year, employment falls across the Tasman More >>
MARKET CLOSE: NZ shares lift as RBNZ confirms recovery
Thursday, 12 September 2013, 5:51 pm | BusinessDesk
Sept. 12 (BusinessDesk) – New Zealand shares continued their upwards creep so far this week with no major announcements among listed companies, but confirmation from the Reserve Bank of New Zealand that it believes economic recovery is gaining momentum. More >>
Rio Tinto’s last roll of the dice to NZ govt - give us $60M
Thursday, 12 September 2013, 4:44 pm | BusinessDesk
Sept 12 (BusinessDesk) – Tiwai Point aluminium smelter owner Rio Tinto failed to get open-ended government subsidies to lower its electricity and transmission costs, and made a last grab for $60 million rather than the $30 million taxpayer sweetener ... More >>
RBNZ expects LVR impacts within 6 months, Spencer says
Thursday, 12 September 2013, 3:05 pm | BusinessDesk
Sept. 12 (BusinessDesk) - The Reserve Bank expects to see the impacts of its restrictions on low equity home loans within six months, which it hopes will take the sting out of a heating property market in the country’s two biggest cities, Auckland and ... More >>
MIDDAY UPDATE: Wheeler says rates rising next year
Thursday, 12 September 2013, 12:25 pm | BusinessDesk
Sept. 12 (BusinessDesk) – Reserve Bank governor Graeme Wheeler expects to start hiking interest rates next year as the booming housing market and growing construction sector look set to start fuelling inflation. More >>
Bathurst seeks further $6M from Aussie shareholders only
Thursday, 12 September 2013, 10:49 am | BusinessDesk
Sept. 12 (BusinessDesk) – Bathurst Resources is to raise a further A$5.4 million (NZ$6 million) from Australian shareholders not involved in the placement earlier this month with institutional and “sophisticated” investors, which raised $18.9 ... More >>
Kiwi jumps half a cent as RBNZ signals steeper rates
Thursday, 12 September 2013, 10:41 am | BusinessDesk
NZ dollar jumps half a cent as RBNZ signals steeper interest rate hikes next year More >>
