Scoop has an Ethical Paywall
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 1110]
You can’t shift blame, judge tells former Bridgecorp CFO
Tuesday, 10 September 2013, 1:43 pm | BusinessDesk
Sept 10 (BusinessDesk) – Former Bridgecorp chief financial officer Rob Roest suggested the losses to investors were not as severe or widespread and directors were acting in the company’s best interest by not putting it into receivership, when he appeared ... More >>
Govt to move back to Christchurch CBD in 2016
Tuesday, 10 September 2013, 1:34 pm | BusinessDesk
Sept 10 (BusinessDesk) – Up to 20 government departments will cut short leases for temporary accommodation taken after the 2010 and 2011 earthquakes and return to the Christchurch central business district en masse in 2016. More >>
Durable goods spending underpins payments growth
Tuesday, 10 September 2013, 11:30 am | BusinessDesk
Sept 10 (BusinessDesk) – Stronger consumer spending on durable goods resumed in August after a blip in July, led by a 2.8 percent increase in spending on durable goods. More >>
NZ dollar advances as US dollar weakens on softer jobs data
Tuesday, 10 September 2013, 8:52 am | BusinessDesk
Sept 10 (BusinessDesk) – The New Zealand dollar advanced, tracking most of its peers, as the US dollar weakened following softer US jobs data last week. More >>
While you were sleeping: Deals, China, Syria
Tuesday, 10 September 2013, 7:53 am | BusinessDesk
Sept 10 (BusinessDesk) – Better-than-expected Chinese data and takeover deals helped bolster Wall Street, which also welcomed a Russian proposal to put Syria's chemical weapons under international control in an effort to avert US military intervention. More >>
MARKET CLOSE NZ stocks drift up as Aussie stocks gain
Monday, 9 September 2013, 5:50 pm | BusinessDesk
Sept 9 (BusinessDesk) – New Zealand stocks rose slightly, as did Australian stocks, where markets were digesting the implications of a clear, but less emphatic than anticipated, win for the Liberal Party-led coalition of the new Prime Minister, Tony ... More >>
NZ dollar slips as investors look to Fed
Monday, 9 September 2013, 5:29 pm | BusinessDesk
Sept. 9 (BusinessDesk) - The New Zealand dollar edged lower as weaker-than-anticipated US jobs figures on Friday pared expectations for an aggressive withdrawal of stimulus by the US Federal Reserve, and as traders prepare for the local central bank to review ... More >>
NZ Dollar Outlook: Kiwi may gain as RBNZ mulls rates
Monday, 9 September 2013, 2:21 pm | BusinessDesk
Sept. 9 (BusinessDesk) – The New Zealand dollar may gain this week as the central bank’s pending decision on interest rates draws attention to the strengthening local economy, highlighting that the next move in interest rates will be up. More >>
Goodman Property plans new $22.4M Greenlane development
Monday, 9 September 2013, 1:19 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Goodman Property Trust, the country’s biggest listed property investor by market value, is planning to spend $22.4 million on a new building at its Central Park development in Auckland’s Greenlane. More >>
Property values accelerate on limited big city supply
Monday, 9 September 2013, 12:42 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Rising New Zealand property values accelerated last month as the lack of listings in Canterbury and Auckland continue to overheat the market, prompting the Reserve Bank to impose low-equity home lending restrictions from next ... More >>
MIDDAY UPDATE: Failed finance companies yesterday’s news
Monday, 9 September 2013, 12:13 pm | BusinessDesk
Sept. 9 (BusinessDesk) – The Financial Markets Authority has wrapped up another four probes into failed finance companies and expects to have more to say on its remaining five before the year is out. More >>
Infratil’s plans for Z proceeds include buyback, Aussie wind
Monday, 9 September 2013, 11:59 am | BusinessDesk
Sept 9 (BusinessDesk) – Infratil, the New Zealand stock exchange listed infrastructure investor, has paid down its bank debt and is considering buying back shares and ramping up wind farm investment in Australia after reaping about $400 million from the sale ... More >>
FMA closes four more finance company probes
Monday, 9 September 2013, 11:32 am | BusinessDesk
Sept. 9 (BusinessDesk) - The Financial Markets Authority has warned the failed Allied Nationwide Finance for probably breaching securities law, but won’t pursue tougher action as it wraps up another four investigations into the collapsed finance sector. More >>
Allied Farmers seeks $1M in bonds to pay tax, avoid wind-up
Monday, 9 September 2013, 10:18 am | BusinessDesk
Sept. 9 (BusinessDesk) - Allied Farmers, which is recovering from its disastrous takeover of the Hanover and United Finance loan books, wants to raise up to $1 million in a bond issue to settle an outstanding tax bill and stave off threatened liquidation ... More >>
NZ dollar gains after weak US jobs hang over Fed tapering
Monday, 9 September 2013, 9:03 am | BusinessDesk
Sept. 9 (BusinessDesk) – The New Zealand dollar rose after weaker US jobs data prompted some investors to pull back expectations for the Federal Reserve to start tapering its bond buying programme this month. More >>
World Week Ahead: Syria and the taper
Monday, 9 September 2013, 9:00 am | BusinessDesk
Sept 9 (BusinessDesk) – US President Barack Obama's speech aimed at gaining domestic support for military action against Syria and the continuing debate over the timing of the start of the Federal Reserve's taper will top this week's agenda. More >>
MARKET CLOSE NZ shares fall, paced by Fletcher; Diligent up
Friday, 6 September 2013, 6:06 pm | BusinessDesk
Sept 6 (BusinessDesk) – New Zealand shares fell with Australian shares amid investor caution ahead of this weekend’s federal election. The declines were paced by Fletcher Building as investors took advantage of a gain in its price to sell for a profit. More >>
Loss-making Rakon dangles dividends for grumpy investors
Friday, 6 September 2013, 5:55 pm | BusinessDesk
Sept 6 (BusinessDesk) - Rakon, the wireless device components maker, plans to start paying dividends in a bid to revive sagging investor confidence after successive years of an underperforming share price. More >>
NZ dollar edges up as US employment figures loom
Friday, 6 September 2013, 5:17 pm | BusinessDesk
Sept. 6 (BusinessDesk) - The New Zealand dollar increased in local trading ahead of US employment figures which are seen as the lynchpin to whether the US Federal Reserve will start “tapering” its US$85 billion monthly bond-buying stimulus. More >>
Red-faced Transfield promises overdue pay within two days
Friday, 6 September 2013, 2:42 pm | BusinessDesk
Sept. 6 (BusinessDesk) – Transfield Services, the Australian company at the centre of a row over payment of New Zealand sub-contractors on the national ultra-fast broadband project, has broken its two day silence on the issue to say all outstanding payments ... More >>
