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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 1141]
World Week Ahead: Apple among slew of earnings
Monday, 22 July 2013, 7:04 am | BusinessDesk
July 22 (BusinessDesk) – After Federal Reserve Chairman Ben Bernanke’s reassurances that the central bank of the world’s largest economy will keep monetary policy both loose and flexible, investors can focus on a big week of US earnings reports ... More >>
MONEY TALKS: Plugging into the stock exchange
Friday, 19 July 2013, 6:01 pm | BusinessDesk
July 19 (BusinessDesk) – Today’s entry of intelligence software developer Wynyard Group to the local stock exchange was a wake-up call for the tech community. More >>
MARKET CLOSE: NZ shares fall with MRP to join NZX50
Friday, 19 July 2013, 5:55 pm | BusinessDesk
MARKET CLOSE NZ shares fall as investors prepare for MRP to join top 50 index More >>
Govt roped in FMA chair Allen to help close SkyCity deal
Friday, 19 July 2013, 5:35 pm | BusinessDesk
July 19 (BusinessDesk) – The government employed Financial Markets Authority chairman Simon Allen to help negotiate its $402 million convention centre-for-gaming concessions deal with SkyCity Entertainment Group. More >>
NZ dollar heads for 2.1 percent weekly gain vs. greenback
Friday, 19 July 2013, 5:13 pm | BusinessDesk
July 19 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent weekly gain against the greenback as investors pare their bets on the world’s reserve currency in a week where US Federal Reserve chairman Ben Bernanke reiterated that ... More >>
Godfrey Hirst plans to cut 50 jobs at Dannevirke plant
Friday, 19 July 2013, 4:16 pm | BusinessDesk
Godfrey Hirst plans to cut 50 jobs at Dannevirke plant as demand for wool carpets wanes More >>
MIDDAY UPDATE: Wynyard debut fizzles
Friday, 19 July 2013, 12:07 pm | BusinessDesk
July 19 (BusinessDesk) – Wynyard Group, which develops intelligence software for spy agencies, has had a disappointing debut on the NZX, falling as much as 4.3 percent in its first morning of trading. More >>
NZ monthly net migration at 4-year high in June
Friday, 19 July 2013, 11:19 am | BusinessDesk
July 19 (BusinessDesk) - New Zealand’s monthly inbound migration rose to a four-year high in June as more kiwis stayed at home amid the dwindling attraction of Australia’s slowing economy. More >>
Wynyard Group falls 4.3% in NZX debut
Friday, 19 July 2013, 10:34 am | BusinessDesk
July 19 (BusinessDesk) - Wynyard Group, the local spy software developer, fell 4.3 percent in its NZX debt, having listed at the $1.15 offer price. More >>
NZ dollar gains against Aussie as local economy outperforms
Friday, 19 July 2013, 8:40 am | BusinessDesk
July 19 (BusinessDesk) – The New Zealand dollar rose to a week high against its Australian counterpart as the outlook for the local economy continues to outperform that of its closest neighbour. More >>
From the Farm: Feeding Chinese kids
Friday, 19 July 2013, 8:20 am | BusinessDesk
July 19 (BusinessDesk) - It is hard to overstate the importance of China to Fonterra. The Middle Kingdom was the single largest market for the Auckland-based dairy company in its first half, generating $1.28 billion of external revenue, a 47 percent jump ... More >>
While you were sleeping: Wall Street climbs to record
Friday, 19 July 2013, 7:41 am | BusinessDesk
July 19 (BusinessDesk) – Wall Street rose to a record after better-than-expected economic data and corporate earnings fuelled investors' optimism the US economy is gathering steam as Federal Reserve Chairman Ben Bernanke reiterated the central bank's ... More >>
Rangatira acquires 12% stake in MRI company Magritek
Friday, 19 July 2013, 7:26 am | BusinessDesk
July 19 (BusinessDesk) - Magritek, which makes magnetic resonance imaging and nuclear magnetic resonance devices, has attracted Wellington-based investment group Rangatira as an investor. More >>
MARKET CLOSE: NZ shares extend drop from 2-month high
Thursday, 18 July 2013, 5:49 pm | BusinessDesk
July 18 (BusinessDesk) – New Zealand shares extended their decline from a two-month high, paced by network company Chorus, Auckland International Airport and Fletcher Building as investors mulled the potential for mixed results in the looming earnings ... More >>
NZ dollar little changed; Bernanke says tapering not preset
Thursday, 18 July 2013, 5:20 pm | BusinessDesk
July 18 (BusinessDesk) - The New Zealand dollar was little changed in the local trading session after US Federal Reserve chairman Ben Bernanke said any wind-down in the central bank’s money printing programme isn’t a done deal, and will rely on economic ... More >>
House price surge not a bubble, LVRs not justified
Thursday, 18 July 2013, 4:29 pm | BusinessDesk
July 18 (BusinessDesk) – Surging prices for Auckland and Christchurch real estate do not constitute a housing market bubble because bank lending volumes have been plummeting for the last two months, says the executive director of the New Zealand ... More >>
Blue Chip liquidators confirm end of legal pursuit
Thursday, 18 July 2013, 2:39 pm | BusinessDesk
July 18 (BusinessDesk) – The liquidator of Blue Chip Group has dropped proceedings against the failed property investment group’s former directors and auditors saying it was unable to raise enough funds for a legal battle. More >>
NZ consumer confidence eased in July from 3-yr high
Thursday, 18 July 2013, 1:55 pm | BusinessDesk
July 18 (BusinessDesk) – New Zealand consumer confidence eased in July as higher petrol prices and the prospect of rising mortgage rates dented financial sentiment. More >>
Milford Funds reaps $19 mln in fees as funds beat targets
Thursday, 18 July 2013, 1:51 pm | BusinessDesk
July 18 (BusinessDesk) - Milford Funds, a unit of Milford Asset Management that discloses financial statements, more than tripled its fee income, driving up annual profit, as it reaped the benefits of strong investment returns on growing funds under management. More >>
Spend tourism money on innovation instead: Treasury report
Thursday, 18 July 2013, 1:34 pm | BusinessDesk
July 18 (BusinessDesk) – The government’s $40 million a year tourism spending boost was a waste by comparison with adding those funds to the pot to encourage high value manufacturing and service industries, the Treasury advised before the May budget. More >>
