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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 1147]
'Olde tyme’ telecoms regulations up for review
Tuesday, 9 July 2013, 10:43 am | BusinessDesk
July 9 (BusinessDesk) – Rules requiring Telecom and Chorus to provide free local calling, internet dial-up connections and a free listing in the telephone book are up for review in a discussion document released by Communications Minister Amy Adams. More >>
Business confidence holds at three-year high in 2Q: NZIER
Tuesday, 9 July 2013, 10:12 am | BusinessDesk
July 9 (BusinessDesk) – Business confidence held at a three-year high in the second quarter as domestic trading activity eased, according to the latest Quarterly Survey of Business Opinion from the New Zealand Institute of Economic Research. More >>
NZ dollar gains as investors temper optimism over US jobs
Tuesday, 9 July 2013, 8:40 am | BusinessDesk
July 9 (BusinessDesk) – The New Zealand dollar gained after investors bet the greenback had advanced too far too fast following upbeat US employment numbers last week. More >>
While you were sleeping: Stocks up before Alcoa results
Tuesday, 9 July 2013, 7:41 am | BusinessDesk
July 9 (BusinessDesk) – Equities on Wall Street and in Europe gained as investors awaited the unofficial start of the US second-quarter earnings season with the results of Alcoa due after the close of the American markets. More >>
MARKET CLOSE: NZ shares eke out gains; Ryman, Xero at record
Monday, 8 July 2013, 5:43 pm | BusinessDesk
July 8 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to the highest close since late May, as Ryman Healthcare resumed its gains to a new record and Xero continued to draw investors betting on its global expansion plans. More >>
English hints at wrangling among Solid Energy’s lenders
Monday, 8 July 2013, 5:18 pm | BusinessDesk
July 8 (BusinessDesk) – Finance Minister Bill English has indicated that differences among Solid Energy’s banks and other lenders are to blame for the fact there is no sign of a resolution to the troubled state-owned coal miner’s emergency management ... More >>
NZ dollar pares loss as exporters step in
Monday, 8 July 2013, 5:10 pm | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar pared its losses after better than expected jobs growth in the US stoked expectations the Federal Reserve will slow down its money-printing programme as early as September. More >>
Christchurch City credit rating cut over consenting debacle
Monday, 8 July 2013, 4:37 pm | BusinessDesk
July 8 (BusinessDesk) - Christchurch City Council has had its credit rating cut one notch and is still on a negative outlook after losing its accreditation to issue building consents. More >>
NZ median house price edges up 0.5% in June as sales fall
Monday, 8 July 2013, 3:28 pm | BusinessDesk
July 8 (BusinessDesk) – New Zealand’s median house price rose in June to within $6,000 of its March record while the volume of sales fell nationally from the strongest May month in six years. More >>
NZ Dollar Outlook Kiwi may decline as US tapering eyed
Monday, 8 July 2013, 1:12 pm | BusinessDesk
July 8 (BusinessDesk) – The New Zealand dollar may decline this week as traders increase bets that the Federal Reserve will start to reduce stimulus in September as the US economy shows signs of improvement. More >>
MIDDAY UPDATE: Crown support for Solid Energy short-term
Monday, 8 July 2013, 12:15 pm | BusinessDesk
July 8 (BusinessDesk) – Any government support for ailing coal miner Solid Energy will be a short-term thing, and if used, would be set up to ensure the Crown got its money back. More >>
Streamlined ERA process raises risk of error, judges say
Monday, 8 July 2013, 11:58 am | BusinessDesk
July 8 (BusinessDesk) - Government plans to streamline industrial disputes with rulings on the day of hearings creates a “substantial risk of error,” according to the bench of the Employment Court. More >>
Frucor posts 31% drop in FY profit, halves dividend
Monday, 8 July 2013, 11:56 am | BusinessDesk
July 8 (BusinessDesk) – Frucor Beverages, whose parent Suntory Beverage & Food debuted on the Tokyo Stock Exchange last week, posted a 31 percent decline in annual profit as costs rose and sales fell. More >>
Crown support for Solid Energy short term, unused
Monday, 8 July 2013, 11:36 am | BusinessDesk
July 8 (BusinessDesk) – The $100 million in asset sales proceeds earmarked to assist debt-laden Solid Energy is a short term standby facility which hasn’t been used and would see the government get its money back if it were, says Finance Minister ... More >>
Summerset occupation right sales rise 23% in second quarter
Monday, 8 July 2013, 10:09 am | BusinessDesk
July 8 (BusinessDesk) – Summerset Group, New Zealand’s third-largest listed retirement village operator and developer, sold 23 percent more occupation rights in the second quarter than the year-earlier period. More >>
BUSINESS BREAKDOWN: Meridian pre-sale roadshow kicks off
Monday, 8 July 2013, 9:25 am | BusinessDesk
July 8 (BusinessDesk) – Meridian Energy executives are heading into a round of briefings with institutional investors this week in what the NZ Herald reports is a “pre-sale roadshow” for the partial privatisation of the largest state-owned ... More >>
NZ dollar falls near two-week on strong US jobs report
Monday, 8 July 2013, 8:36 am | BusinessDesk
NZ dollar drops to lowest in almost two weeks as US jobs report brings forward tapering expectations More >>
NZ again seeking clarification from China over meat exports
Monday, 8 July 2013, 8:19 am | BusinessDesk
July 8 (BusinessDesk) – New Zealand officials are again seeking clarification from China after meat consignments were stalled on Chinese wharves for the second time in as many months. More >>
World Week Ahead: Bernanke watch, US earnings
Monday, 8 July 2013, 6:56 am | BusinessDesk
July 8 (BusinessDesk) –Federal Reserve Chairman Ben Bernanke's speech on Wednesday will be firmly on everyone's radar for clues on the tapering of the central bank's bond-buying program following the latest better-than-expected US employment report. More >>
NZ dollar TWI heads for 0.9% weekly gain
Friday, 5 July 2013, 5:06 pm | BusinessDesk
NZ dollar TWI heads for 0.9% weekly gain as central banks keep easing bias More >>
