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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 1158]
NZ Energy Corp recuts deal for Origin Energy Taranaki assets
Tuesday, 18 June 2013, 10:11 am | BusinessDesk
June 18 (BusinessDesk) – New Zealand Energy Corp has recut its troubled deal with Origin Energy for a range of onshore Taranaki oil and gas assets, cutting the purchase price by C$9 million to C$33.5 million, dropping one licence area, and assuming management ... More >>
NZ dollar declines in volatile trading before FOMC meeting
Tuesday, 18 June 2013, 9:19 am | BusinessDesk
June 18 (BusinessDesk) – The New Zealand dollar declined in volatile trading as improving US economic data before this week’s Federal Reserve meeting spurred some investors to increase their bets that the central bank may start to reduce stimulus ... More >>
While you were sleeping: Stocks up ahead of Fed
Tuesday, 18 June 2013, 7:52 am | BusinessDesk
June 18 (BusinessDesk) – Wall Street advanced, though gave up some of its earlier gains, following a Financial Times report that US Federal Reserve Chairman Ben Bernanke will signal the central bank is close to easing its US$85 billion-a-month bond-buying ... More >>
MARKET CLOSE: NZ shares gain as pockets of value seen
Monday, 17 June 2013, 6:09 pm | BusinessDesk
June 17 (BusinessDesk) – New Zealand shares rose for second day after the NZX 50 Index’s slide from its mid-May record high gave investors confidence there were ‘pockets of value’ emerging in a relatively expensive market. Michael Hill International ... More >>
Kiwi gains on greenback ahead of local data, Fed decisions
Monday, 17 June 2013, 5:17 pm | BusinessDesk
June 17 (BusinessDesk) - The New Zealand dollar extended its gain against the greenback from the tail-end of last week ahead of data which will likely augur well for the local economy and as the US Federal Reserve prepares to review monetary policy. More >>
NZ Dollar Outlook: Kiwi may rise on improving local economy
Monday, 17 June 2013, 2:32 pm | BusinessDesk
June 17 (BusinessDesk) – The New Zealand dollar may advance this week as signs of an improving local economy boost demand for the local currency while a continuation of economic stimulus in the US debases the greenback. More >>
Optimizer HQ raises $4 mln from eligible investors
Monday, 17 June 2013, 1:58 pm | BusinessDesk
June 17 (BusinessDesk) - Optimizer HQ, the Auckland-based tech company, raised $4 million from eligible investors as it mulls joining the local stock exchange after two less than successful listings overseas. More >>
Fonterra to spend $30 mln beefing up Taranaki supply
Monday, 17 June 2013, 1:54 pm | BusinessDesk
June 17 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, will spend $30 million beefing up its dry distribution centre in Taranaki as it clamps down on freight costs. More >>
Cavalier Bremworth founder Tony Timpson dies
Monday, 17 June 2013, 1:51 pm | BusinessDesk
June 17 (BusinessDesk) - Tony Timpson, who helped found what’s now the listed carpet maker Cavalier Corp, has died at the age of 80. More >>
NZ services activity rises to highest May level in 6 years
Monday, 17 June 2013, 12:34 pm | BusinessDesk
June 17 (BusinessDesk) – New Zealand’s services sector edged up in May to its highest level for the month in six years, reflecting widespread expansion and stoking optimism the economy may be picking up pace. More >>
Business NZ pitted against export manufacturers, report says
Monday, 17 June 2013, 12:30 pm | BusinessDesk
June 17 (BusinessDesk) – The Opposition parties’ inquiry into manufacturing has found major “fissures” in the sector, with traditional agricultural producers pitted against new, high value industries, and industries focused on the local market ... More >>
MIDDAY UPDATE: MediaWorks’ bankers set to take over
Monday, 17 June 2013, 12:16 pm | BusinessDesk
June 17 (BusinessDesk) – TV3 owner MediaWorks NZ has been put into receivership by its bankers who have come up with a plan to take control, ousting major shareholder IronBridge Capital. More >>
MediaWorks' lenders set to control, leave Ironbridge out
Monday, 17 June 2013, 11:32 am | BusinessDesk
June 17 (BusinessDesk) - MediaWorks NZ’s stable of lenders are in the box seat to take control of the heavily indebted broadcaster, appointing receivers and embarking on a plan that will leave Australian private equity owner Ironbridge Capital out ... More >>
NZ consumer confidence jumps to 3-year high in June
Monday, 17 June 2013, 11:31 am | BusinessDesk
NZ consumer confidence jumps to highest in three years in June on better economic prospects More >>
UPDATE New ownership for Mediaworks well advanced
Monday, 17 June 2013, 9:31 am | BusinessDesk
June 17 (BusinessDesk) - MediaWorks NZ, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is “well advanced” with plans for new ownership after being placed in receivership this ... More >>
TV3 owner to be put into receivership today
Monday, 17 June 2013, 9:06 am | BusinessDesk
June 17 (BusinessDesk) - MediaWorks New Zealand, the broadcaster whose stable includes TV3 and Four, and radio stations including Radio Live, the Rock and MoreFM, is expected to be put into receivership today after a planned recapitalisation failed to win ... More >>
NZ dollar little changed as traders weigh local growth
Monday, 17 June 2013, 9:03 am | BusinessDesk
June 17 (BusinessDesk) – The New Zealand dollar was little changed as traders weigh growth prospects for the local economy with the possible tapering of stimulus in the US. More >>
NZ economy probably grew 0.6%
Monday, 17 June 2013, 7:33 am | BusinessDesk
June 17 (BusinessDesk) – New Zealand’s economy probably grew at a slower pace in the first three months of the year, after expanding at the fastest clip in three years in the fourth quarter of 2012, led by construction and manufacturing. More >>
NZ economy probably grew 0.6% in 1st qtr
Monday, 17 June 2013, 7:28 am | BusinessDesk
June 17 (BusinessDesk) – New Zealand’s economy probably grew at a slower pace in the first three months of the year, after expanding at the fastest clip in three years in the fourth quarter of 2012, led by construction and manufacturing. More >>
World Week Ahead: Finally, the Fed meets
Monday, 17 June 2013, 7:23 am | BusinessDesk
World Week Ahead: Finally, the Fed meets By Margreet Dietz June 17 (BusinessDesk) – The clear focus this week is on the US Federal Reserve and any clues on its plans for the future of its monthly bond-buying program. More >>
