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 1159]
MARKET CLOSE: NZ shares rise, helped by Wall St, kiwi
Friday, 14 June 2013, 5:43 pm | BusinessDesk
June 14 (BusinessDesk) – New Zealand shares rose after a rally on Wall Street helped lift equity markets across Asia and a gain in the kiwi dollar encouraged offshore investors. Auction site Trade Me led the advance and Metlifecare rose after lifting ... More >>
MONEY TALKS: It ain’t easy being governor
Friday, 14 June 2013, 5:31 pm | BusinessDesk
June 14 (BusinessDesk) – The problem with reporting the news from the Reserve Bank, aside from the early starts every six weeks for its formal monetary policy reviews, is the urge to take what it says at face value. More >>
NZ dollar heads for 2.2 percent weekly gain vs. greenback
Friday, 14 June 2013, 5:28 pm | BusinessDesk
June 14 (BusinessDesk) - The New Zealand dollar is heading for a 2.2 percent weekly gain against the greenback after the Reserve Bank kept rates on hold yesterday, and the first Federal Reserve approaches its first monetary policy review since signalling ... More >>
Air NZ’s Safe Air unit cuts 84 jobs in Blenheim
Friday, 14 June 2013, 3:17 pm | BusinessDesk
Air NZ’s Safe Air unit cuts 84 jobs in Blenheim as contracts end, high kiwi dents competitiveness More >>
Yellow Pages cuts 35 jobs, splits out print unit
Friday, 14 June 2013, 3:16 pm | BusinessDesk
June 14 (BusinessDesk) – Yellow Pages, the former Telecom directory company whose lenders seized control in 2010, will cut about 35 jobs and separate out its print unit to focus on digital growth. More >>
Ebos shareholders approve $1.1 bln purchase of Symbion
Friday, 14 June 2013, 1:58 pm | BusinessDesk
June 14 (BusinessDesk) – Ebos Group shareholders approved the company’s $1.1 billion purchase of the Symbion pharmaceutical wholesaler and distributer in Australia. More >>
MIDDAY UPDATE: Manufacturing activity at nine-year high
Friday, 14 June 2013, 12:42 pm | BusinessDesk
June 14 (BusinessDesk) – New Zealand manufacturing activity rose in May to the highest level since June 2004, painting a rosier picture of the sector than government figures released this week and suggesting the economy may be picking up pace. More >>
NZ food prices rise 0.3% in May, led by dearer fruit & veg
Friday, 14 June 2013, 11:40 am | BusinessDesk
NZ food prices rise 0.3% in May, led by more expensive fruit and vegetables More >>
NZ manufacturing climbs to 9-year high in May
Friday, 14 June 2013, 11:26 am | BusinessDesk
June 14 (BusinessDesk) - New Zealand manufacturing activity rose in May to the highest level since June 2004, led by new orders and production, stoking optimism the economy may be picking up pace. More >>
Turners & Growers names Alastair Hulbert as CEO
Friday, 14 June 2013, 11:02 am | BusinessDesk
June 14 (BusinessDesk) – Turners & Growers, New Zealand’s largest integrated fruit and vegetable marketer, named its international markets general manager Alastair Hulbert as new chief executive. More >>
NZ dollar gains as improving US economy stokes risk appetite
Friday, 14 June 2013, 8:59 am | BusinessDesk
June 14 (BusinessDesk) – The New Zealand dollar gained as signs of an improving US economy prompted investors to take on more risk, boosting equity markets and damping demand for gold and silver. More >>
NZ government, SkyCity extend deadline for convention deal
Friday, 14 June 2013, 8:54 am | BusinessDesk
June 14 (BusinessDesk) - The New Zealand government and SkyCity Entertainment Group are giving themselves another fortnight to cut a deal on the terms for the casino and hotel operator to build a $402 million convention centre in Auckland in exchange ... More >>
While you were sleeping: Retail sales, jobs lift stocks
Friday, 14 June 2013, 7:38 am | BusinessDesk
June 14 (BusinessDesk) – Stocks climbed as the latest data on US retail sales and jobs bolstered hope that the world's largest economy might be on track for a sustainable recovery. More >>
MARKET CLOSE NZ shares fall to 2-month low; HLG falls
Thursday, 13 June 2013, 5:40 pm | BusinessDesk
June 13 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a two-month low, amid concern equity markets worldwide have surged ahead of earnings potential. Hallenstein Glasson Holdings led the decline after a profit warning, while ... More >>
NZ dollar pares gain as RBNZ’s Wheeler outlines dilemma
Thursday, 13 June 2013, 5:31 pm | BusinessDesk
June 13 (BusinessDesk) - The New Zealand dollar pared its gain against the greenback after Reserve Bank governor Graeme Wheeler kept the key interest rate on hold while he weighs up the competing inflationary effects of a heating property market and ... More >>
RBNZ’s Wheeler seeks ‘soft landing’ for property market
Thursday, 13 June 2013, 4:04 pm | BusinessDesk
June 13 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is trying to cushion the landing for the country’s over-heating property markets in Auckland and Christchurch, in an effort to avoid the pitfalls seen in the US. More >>
RBNZ’s Wheeler seeks ‘soft landing’ for property market
Thursday, 13 June 2013, 4:04 pm | BusinessDesk
June 13 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is trying to cushion the landing for the country’s over-heating property markets in Auckland and Christchurch, in an effort to avoid the pitfalls seen in the US. More >>
Rio Tinto slashes Tiwai Point smelter value to near zero
Thursday, 13 June 2013, 3:57 pm | BusinessDesk
June 13 (BusinessDesk) – The Australian majority owners of the Tiwai Point aluminium smelter, Rio Tinto, have written more than half a billion dollars off the value of the ageing plant, leaving it with a value on its books of just $14.8 million, from ... More >>
From the Farm: Who’d be a sheep or beef farmer?
Thursday, 13 June 2013, 2:23 pm | BusinessDesk
June 12 (BusinesDesk) - The Ministry for Primary Industry’s 2013 Situation and Outlook for Primary Industries makes depressing reading unless you’re a dairy farmer. More >>
UPDATED David Ross remanded on bail until hearing next month
Thursday, 13 June 2013, 1:01 pm | BusinessDesk
June 13 (BusinessDesk) - Failed fund manager David Ross of Ross Asset Management appeared in the Wellington District Court today, charged with running a $400 million Ponzi scheme by the Serious Fraud Office. More >>
