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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 1109]
RBNZ’s home loan restrictions trim projected rate hikes
Thursday, 12 September 2013, 9:15 am | BusinessDesk
Sept. 12 (BusinessDesk) - The Reserve Bank’s looming restrictions on how much private banks can lend against small deposits will help governor Graeme Wheeler from having to hike interest rates when he does start trying to quell inflation. More >>
RBNZ keeps OCR at 2.5%, signals steeper rates hike in 2014
Thursday, 12 September 2013, 9:13 am | BusinessDesk
RBNZ’s Wheeler keeps OCR at 2.5 percent , signals steeper rate hikes next year More >>
NZ dollar advances on demand for risk-sensitive assets
Thursday, 12 September 2013, 8:51 am | BusinessDesk
Sept 12 (BusinessDesk) – The New Zealand dollar advanced ahead of today’s Reserve Bank’s decision on interest rates and as investors favoured higher risk assets. More >>
While you were sleeping: Apple turns sour
Thursday, 12 September 2013, 7:22 am | BusinessDesk
Sept 12 (BusinessDesk) – Wall Street advanced as the likelihood of a US military strike against Syria diminished, outweighing a drop in Apple shares amid disappointment about its two latest iPhone products. More >>
MARKET CLOSE: NZ stocks mixed as handful of stocks go ex-div
Wednesday, 11 September 2013, 5:46 pm | BusinessDesk
Sept. 11 (BusinessDesk) – New Zealand stocks were mixed in trading today. Early signs were that the market would break a two day mild upward run, but the trend reversed late in the day to be slightly positive at day’s end, with several stocks going ... More >>
NZ dollar little changed ahead of RBNZ rate review
Wednesday, 11 September 2013, 5:21 pm | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand dollar was little changed ahead of tomorrow’s rate review by the central bank, which will give analysts their first insight into the likely impact of home loan restrictions. More >>
DNZ appoints Auckland Airport property GM as new chief
Wednesday, 11 September 2013, 3:45 pm | BusinessDesk
Sept. 11 (BusinessDesk) - DNZ Property Fund has hired Auckland International Airport’s property boss Peter Alexander to take over the reins when current chief executive Paul Duffy departs. More >>
Govt sets up $2 mln fund to help SMEs caught by food scare
Wednesday, 11 September 2013, 3:17 pm | BusinessDesk
Govt sets up $2 mln fund to help SMEs caught up in Fonterra’s false food scare More >>
Bridgecorp was on a path to insolvency, Crown says
Wednesday, 11 September 2013, 1:55 pm | BusinessDesk
Sept. 11 (BusinessDesk) – Bridgecorp, the failed finance company whose directors were imprisoned for making false statements in offer documents seeking investor funds, was on the path to insolvency when it issued the prospectus in 2006, Crown lawyer ... More >>
SFO gets top ASIC litigator as new boss
Wednesday, 11 September 2013, 12:34 pm | BusinessDesk
Sept 11 (BusinessDesk) – The new head of the New Zealand Serious Fraud Office is an Australian, Julie Read, currently Special Counsel (Litigation) at the Australian Securities and Exchange Commission. More >>
CORRECT: Dunne and Maori Party torpedo RMA reforms
Wednesday, 11 September 2013, 11:34 am | BusinessDesk
Sept 11 (BusinessDesk) – The National-led government has lost its parliamentary majority to pass reforms to the Resource Management Act, with the United Future and Maori parties announcing this morning they will not vote for changes that undermine ... More >>
Tenon on a tear as US housing recovers, says Edison report
Wednesday, 11 September 2013, 10:39 am | BusinessDesk
Sept 11 (BusinessDesk) – Taupo-based moulded wood products manufacturer Tenon is due for further share price growth as preparations made for the recovery of the US housing market start to bear fruit, says Edison Investment Research in a new report ... More >>
Dunne and Maori Party torpedo RMA reforms
Wednesday, 11 September 2013, 10:04 am | BusinessDesk
Sept 11 (BusinessDesk) – The National-led government has lost its parliamentary majority to pass reforms to the Resource Management Act, with the United Future and Maori parties announcing this morning they will not vote for changes that undermine ... More >>
Second dairy hub to double Fonterra's China milk output
Wednesday, 11 September 2013, 9:41 am | BusinessDesk
Sept. 11 (BusinessDesk) - Fonterra Cooperative Group, which was embroiled in a false food safety alarm last month, is seeking to double its Chinese milk production in China with plans for a second farming hub in the Shanxi Province. More >>
NZ dollar rises on Chinese data, easing Syria tensions
Wednesday, 11 September 2013, 9:01 am | BusinessDesk
Sept 11 (BusinessDesk) – The New Zealand and Australian dollars advanced as investors took heart from improving Chinese data and easing tensions over Syria. More >>
While you were sleeping: Good news on Syria, China
Wednesday, 11 September 2013, 7:34 am | BusinessDesk
Sept 11 (BusinessDesk) – Wall Street gained amid optimism that a US-led military strike against Syria might be avoided and as China produced more signs that its economy is gathering steam. More >>
MARKET CLOSE: NZ shares continue slow rise, Diligent up
Tuesday, 10 September 2013, 5:49 pm | BusinessDesk
Sept 10 (BusinessDesk) – New Zealand shares rose again, with direction given by Diligent Board Member Services, which appears to be re-rating ahead of a delayed earnings announcement and following stock exchange censure, amid a positive tone ... More >>
Kiwi gains on upbeat trans-Tasman data, tapering caution
Tuesday, 10 September 2013, 5:20 pm | BusinessDesk
Sept 10 (BusinessDesk) - The New Zealand dollar gained as upbeat local retail spending figures and improving Australian business confidence mixed local buoyancy with uncertainty over the US Federal Reserve’s plans to unwind stimulus after a lacklustre US jobs ... More >>
Auckland and Otago tumble in top world university rankings
Tuesday, 10 September 2013, 2:41 pm | BusinessDesk
Sept 10 (BusinessDesk) – New Zealand’s top two world-ranked universities, Auckland and Otago, have taken sharp drops in the latest annual QS World University rankings, although Auckland remains in the top 100 at 94th. More >>
Port of Tauranga shares fall to 3-week low on contract loss
Tuesday, 10 September 2013, 2:34 pm | BusinessDesk
Port of Tauranga shares fall to 3-week low after losing major log marshaling contract More >>
