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 1162]
Finance committee chair Todd McClay gets Dunne's old posts
Monday, 10 June 2013, 2:37 pm | BusinessDesk
June 10 (BusinessDesk) - National Party backbencher and chairman of Parliament’s finance and expenditure committee Todd McClay has picked up the revenue and associate health ministerial portfolios after Peter Dunne’s fall from grace last week. More >>
Postie Plus 3rd-quarter sales from continuing ops fall 14%
Monday, 10 June 2013, 2:14 pm | BusinessDesk
June 10 (BusinessDesk) - Postie Plus Group, the clothing retailer whose shares have fallen 29 percent this year, said third-quarter sales fell 14 percent after seasonal stock was disrupted by problems at its third-party distribution centre. More >>
NZ property values rise at a 7.1% annual pace
Monday, 10 June 2013, 1:11 pm | BusinessDesk
June 10 (BusinessDesk) – New Zealand property values held their annual pace of growth last month, as demand outstripped supply in Auckland and Christchurch, according to state valuer Quotable Value. More >>
Treasury misses out on say in RBNZ’s toolkit, papers show
Monday, 10 June 2013, 12:37 pm | BusinessDesk
June 10 (BusinessDesk) - The Treasury missed out on getting a say on how the Reserve Bank will roll out its new tools to take the steam out of potential asset bubbles, after pushing for at least a passive role, according to documents published on the ... More >>
Dorchester lifts Turners Auctions stake to 19.85%
Monday, 10 June 2013, 12:35 pm | BusinessDesk
June 10 (BusinessDesk) – Dorchester Pacific, the financial services firm whose shares have soared 237 percent in the past year, lifted its stake in Turners Auctions to 19.85 percent and said it has no immediate plans to make an offer for the company. More >>
MIDDAY UPDATE: Kiwi dollar slides to 11-month low
Monday, 10 June 2013, 12:26 pm | BusinessDesk
June 10 (BusinessDesk) – The New Zealand dollar slumped near an 11-month low as better than expected jobs figures in the US stoked expectations the Federal Reserve will slow its pace of printing money as early as this year. More >>
NZ primary sector exports to rise 2.2% in 2014
Monday, 10 June 2013, 11:38 am | BusinessDesk
June 10 (BusinessDesk) – New Zealand’s primary sector exports may shrug off some of the lingering effects of drought to grow 2.2 percent in 2014, and accelerate through 2017 as growth in dairy makes up for subdued meat and wool trade. More >>
NZ Super Fund quits backing nuclear base operators
Monday, 10 June 2013, 11:35 am | BusinessDesk
June 10 (BusinessDesk) - The New Zealand Superannuation Fund has excluded seven companies with operations in nuclear bases from its $22 billion portfolio, while clearing the return for four firms which had previously been excluded for their involvement in ... More >>
NZ dollar slumps to 11-month after US jobs growth in May
Monday, 10 June 2013, 8:50 am | BusinessDesk
June 10 (BusinessDesk) – The New Zealand dollar dropped to its lowest in almost 11 months after a US jobs report showed the world’s largest economy is recovering, spurring demand for the greenback. More >>
World Week Ahead: More weakness in China
Monday, 10 June 2013, 7:20 am | BusinessDesk
June 10 (BusinessDesk) – Friday's May US payrolls report appears to have quieted, but not put to rest, the main focus of investors: when will the US Federal Reserve begin to temper its monthly bond-buying program? More >>
Bathurst says High Court ruling generally favourable
Friday, 7 June 2013, 6:08 pm | BusinessDesk
June 7 (BusinessDesk) – Bathurst Resources, which wants to mine for coal on the Denniston Plateau on the South Island’s West Coast, said it chalked up another court win against an environment group. More >>
RESEND: NZ dollar heads for 2.4% weekly fall on TWI
Friday, 7 June 2013, 6:01 pm | BusinessDesk
RESEND: NZ dollar heads for 2.4% weekly fall on TWI as trans-Tasman currencies fall from favour More >>
MONEY TALKS: Spies like us
Friday, 7 June 2013, 5:51 pm | BusinessDesk
June 7 (BusinessDesk) – In the mad dash among local companies to get their name on the stock exchange board, the one I’ve been most looking forward to checking out is Wynyard Group. More >>
MARKET CLOSE: NZ shares fall ahead of key US, China data
Friday, 7 June 2013, 5:36 pm | BusinessDesk
June 7 (BusinessDesk) – New Zealand shares fell, joining generally weaker equity markets across Asia on concern key employment data from the US and inflation, retail sales and industrial production figures from China. Telecom and A2 Corp paced the ... More >>
NZ dollar heads for 2.4 percent weekly fall
Friday, 7 June 2013, 5:21 pm | BusinessDesk
NZ dollar heads for 2.4 percent weekly fall as trans-Tasman currencies fall from favour More >>
Dunne quits as Revenue Minister after GCSB leak probe
Friday, 7 June 2013, 4:09 pm | BusinessDesk
June 7 (BusinessDesk) – Peter Dunne has quit as Minister of Revenue after an investigation into the leaking of a report on the Government Communications Security Bureau pointed to a series of emails between him and the journalist who got the material. More >>
RBNZ’s high kiwi-hot housing dilemma still in place
Friday, 7 June 2013, 3:14 pm | BusinessDesk
RBNZ’s high kiwi-hot housing dilemma still in place for next week’s MPS More >>
Lyttelton Port flags $16M spend to handle record containers
Friday, 7 June 2013, 2:41 pm | BusinessDesk
June 7 (BusinessDesk) – Lyttelton Port Co., the South Island’s biggest port, plans to spend more than $16 million on equipment to help it handle a record numbers of containers. More >>
Greens put carbon tax back on the table
Friday, 7 June 2013, 12:37 pm | BusinessDesk
June 7 (BusinessDesk) – The Green Party is considering whether to revert to support for a carbon tax to force climate change behaviour changes, given the failure to date of local and global emissions trading scheme to place a meaningful price on ... More >>
Dorchester raises $4.1M in placement supported by investors
Friday, 7 June 2013, 12:20 pm | BusinessDesk
June 7 (BusinessDesk) - Dorchester Pacific has raised $4.1 million in a placement to institutions, with two major shareholders taking up an offer to sell down their own holdings in a secondary pool. More >>
