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BusinessDesk - Latest News [Page 1112]

NZ dollar jumps on global growth optimism

Thursday, 5 September 2013, 9:16 am | BusinessDesk

Sept. 5 (BusinessDesk) – The New Zealand dollar surged on optimism global economic growth is recovering and as safe haven currencies declined in light of no imminent western military action in Syria. More >>

Tenon beefs up credit line with US$70 mln banking facility

Thursday, 5 September 2013, 9:05 am | BusinessDesk

Sept. 5 (BusinessDesk) - Tenon, the wood mouldings company controlled by former Fletcher Challenge unit Rubicon, boosted its funding lines, signing up to a bigger banking facility as it seeks to cash in on the US housing recovery. More >>

While you were sleeping: US car sales accelerate

Thursday, 5 September 2013, 7:39 am | BusinessDesk

Sept 5 (BusinessDesk) – Wall Street gained amid data showing US car sales are on track for their best month in six years, underpinning the view that the world's largest economy is accelerating its recovery. More >>

MARKLET CLOSE: NZ shares rise, Fletcher at 7-month high

Wednesday, 4 September 2013, 5:47 pm | BusinessDesk

Sept. 4 (BusinessDesk) – New Zealand shares rose, as Fletcher Building gained to a 7-month high on signs of life in the Australian economy and amid perceptions the local market offers reasonably attractive dividend yields in a world of low interest ... More >>

Kim Dotcom resigns Mega directorship

Wednesday, 4 September 2013, 5:42 pm | BusinessDesk

Sept. 4 (BusinessDesk) - Flamboyant internet entrepreneur Kim Dotcom has resigned as a director of his Mega data storage empire to focus on his efforts on fighting extradition to the United States and other projects. More >>

NZ dollar falls vs. Aust as RBA rate cut talk dims

Wednesday, 4 September 2013, 5:25 pm | BusinessDesk

Sept. 4 (BusinessDesk) - The New Zealand dollar extended its decline against its trans-Tasman counterpart after faster-than-expected second-quarter growth in Australia dulled expectations that country’s Reserve Bank will have to cut interest rates ... More >>

From the Farm: Animal welfare failures

Wednesday, 4 September 2013, 4:56 pm | BusinessDesk

Sept. 4 (BusinessDesk) - A dairy farmer pleaded guilty to nine animal welfare charges in the Ashburton District Court this week. The offences are two years old and from the Ministry for Primary Industries description of the situation, could have been ... More >>

Fonterra contamination not escalated to CEO fast enough

Wednesday, 4 September 2013, 4:14 pm | BusinessDesk

Sept. 4 (BusinessDesk) – Managers at Fonterra Cooperative Group waited days before escalating a clostridium bacteria contamination that led to a global recall up to chief executive level, according to the dairy giant’s own operational review. More >>

Govt to seek minimum $198M for 4G spectrum

Wednesday, 4 September 2013, 4:08 pm | BusinessDesk

Sept. 4 (BusinessDesk) - The government plans to begin its auction of fourth generation mobile broadband radio spectrum on Oct. 29 and will be seeking a minimum of $198 million for the rights, which are expected to be fought over by Telecom, Vodafone, ... More >>

TVNZ dividend relief tied to refurbishment costs

Wednesday, 4 September 2013, 1:36 pm | BusinessDesk

Sept. 4 (BusinessDesk) - State-owned broadcaster Television New Zealand is still ironing out the details of its dividend relief with its shareholding ministers, which will be linked to the cost of upgrading its Victoria St West building and won’t ... More >>

A2 Corp’s Babidge, Mair trim holdings as price surges

Wednesday, 4 September 2013, 12:25 pm | BusinessDesk

Sept. 4 (BusinessDesk) – A2 Corp managing director Geoffrey Babidge and director David Mair have taken of a 38 percent surge in the share price of the dairy marketing company to trim their holdings. More >>

MIDDAY UPDATE: TVNZ sells land to SkyCity for $10.6 mln

Wednesday, 4 September 2013, 12:18 pm | BusinessDesk

Sept. 4 (BusinessDesk) – Television New Zealand has settled a deal with SkyCity Entertainment Group to sell its Hobson St land in Auckland, paving the way for the casino operator to build a $400 million international convention centre. More >>

Auckland house prices stabilise after rapid gains: Barfoot

Wednesday, 4 September 2013, 11:36 am | BusinessDesk

Sept. 4 (BusinessDesk) – Auckland house prices have stabilised following a rapid increase in the first quarter of this year, as more properties are listed, according to Barfoot & Thompson, the city’s biggest realtor. More >>

NZ residential building activity dips in second quarter

Wednesday, 4 September 2013, 11:24 am | BusinessDesk

Sept. 4 (BusinessDesk) – New Zealand residential building activity unexpectedly fell in the second quarter, led by a drop-off in Canterbury from a high level as that region continues its rebuild after the earthquakes. More >>

TVNZ ekes out 1.4% lift in annual profit, ahead of forecast

Wednesday, 4 September 2013, 10:46 am | BusinessDesk

TVNZ ekes out 1.4% lift in annual profit, ahead of forecast, misses revenue target More >>

Opus shares rise to three-month high on Canadian buy

Wednesday, 4 September 2013, 10:39 am | BusinessDesk

Sept. 4 (BusinessDesk) – Shares in Opus International Consultants rose to a three-month high after the engineering consultancy agreed to pay as much as C$90 million for engineering and environmental advisers Stewart Weir, propelling its Canadian business ... More >>