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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 1164]
Verifone spends $70 mln on Eftpos acquisition in NZ
Thursday, 6 June 2013, 10:59 am | BusinessDesk
June 6 (BusinessDesk) - VeriFone Systems, the New York Stock-exchange listed payments firm, spent $70 million to snap up ANZ New Zealand Bank’s eftpos terminal leasing unit as part of a bigger push into the local market. More >>
Auckland house price growth stalls for 2nd month in May
Thursday, 6 June 2013, 10:52 am | BusinessDesk
June 6 (BusinessDesk) – Auckland house price growth stalled for a second month in May as buyers baulked at rising prices, according to Barfoot & Thompson, the city’s biggest realtor. More >>
NZX cash trading tops $5 bln after MightyRiverPower listing
Thursday, 6 June 2013, 9:37 am | BusinessDesk
June 6 (BusinessDesk) - The value of cash market trading on the NZX topped $5 billion last month with the value of equities changing hands almost doubling from a year earlier after state-controlled energy company MightyRiverPower joined the bourse. More >>
NZ dollar drops to 9-mth low as investors favour Treasuries
Thursday, 6 June 2013, 8:42 am | BusinessDesk
NZ dollar drops to 9-month low as investors move to Treasuries on growth concerns More >>
While you were sleeping: Wall Street extends losses
Thursday, 6 June 2013, 7:42 am | BusinessDesk
June 6 (BusinessDesk) – Wall Street sank amid disappointing jobs data and concern about chances the US Federal Reserve will ease back its stimulus measures. More >>
CORRECT: Aussie targets NZ again for 150 call centre jobs
Wednesday, 5 June 2013, 6:13 pm | BusinessDesk
June 5 (BusinessDesk) – The latest in a recent spate of back-office jobs heading from Australia to New Zealand is a move by call centre operator Unity4 to hire 150 kiwis to service customers in both countries and on the US West Coast. More >>
NZ dollar gains vs. Australian dollar after growth report
Wednesday, 5 June 2013, 5:24 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after figures showed economic growth across the Tasman was short of economists’ expectations, adding to the prospect the Reserve Bank of Australia may have to cut ... More >>
RBNZ seeks feedback on low equity loan restrictions
Wednesday, 5 June 2013, 5:20 pm | BusinessDesk
June 5 (BusinessDesk) - The Reserve Bank is seeking feedback on its new macro-prudential tool to restrict lenders’ ability to write low equity loans. More >>
Foss eases back on criminalising directors
Wednesday, 5 June 2013, 4:40 pm | BusinessDesk
June 5 (BusinessDesk) - Commerce Minister Craig Foss has softened his legislative plans to impose greater criminal sanctions on directors for failing in their duties with a late tweak to the Companies and Limited Partnerships Amendment Bill. More >>
S&P sees biggest gain from tweaking capital buffers
Wednesday, 5 June 2013, 2:05 pm | BusinessDesk
S&P sees biggest gain from tweaking capital buffers in RBNZ’s new tool-kit More >>
NZ commodity prices fall from record in May, led by dairy
Wednesday, 5 June 2013, 1:58 pm | BusinessDesk
June 5 (BusinessDesk) – New Zealand commodity prices fell from a record in May, weighed down by lower prices for dairy products. More >>
Diligent's Sodi may get extra US$6.7M in tax-efficient bonus
Wednesday, 5 June 2013, 1:19 pm | BusinessDesk
June 5 (BusinessDesk) – Diligent Board Member Services plans to offer an additional US$6.7 million of performance-related cash, shares and options to its chief executive after its earlier bonus scheme fell afoul of regulations. More >>
Aussie targets NZ for another 150 new call centre jobs
Wednesday, 5 June 2013, 1:01 pm | BusinessDesk
June 5 (BusinessDesk) – The latest in a recent spate of back-office jobs heading from Australia to New Zealand is a move by call centre operator Unity4 to hire 150 kiwis to service customers in both countries and on the US West Coast. More >>
Heartland shares rise to 2-year high after impairment
Wednesday, 5 June 2013, 12:11 pm | BusinessDesk
Heartland shares rise to 2-year high, debt rating affirmed after taking control of bad loans More >>
Disputed transmission pricing proposals on slow track
Wednesday, 5 June 2013, 11:02 am | BusinessDesk
June 5 (BusinessDesk) – Controversial proposals to overhaul how to share the costs of the national electricity grid will no longer be pursued with such urgency, although they remain one of the Electricity Authority’s top 10 priorities. More >>
NZ building work expands for 6th quarter, led by residential
Wednesday, 5 June 2013, 10:59 am | BusinessDesk
NZ building work expands for 6th quarter, spurred by biggest residential spurt in a decade More >>
Electricity regulator lays into sector's critics
Wednesday, 5 June 2013, 10:24 am | BusinessDesk
June 4 (BusinessDesk) – The chairman of the Electricity Authority has let rip at the critics of current electricity market arrangements, singling out three individuals for leading the charge that has produced the Labour and Green parties’ central ... More >>
Dorchester investors exercise 134 mln options
Wednesday, 5 June 2013, 9:59 am | BusinessDesk
June 5 (BusinessDesk) - Dorchester Pacific investors have exercised more options than the financial services firm was expecting and it has asked major shareholders whether they are willing to sell down their stakes in a placement. More >>
Heartland cuts 2013 guidance on bad loans charge
Wednesday, 5 June 2013, 9:42 am | BusinessDesk
June 5 (BusinessDesk) - Heartland New Zealand, which gained bank registration in December, has cut its earnings expectations after deciding to take the management of distressed assets in-house. It was more upbeat about growth in 2014. More >>
NZ dollar falls as signs of US growth stoke greenback
Wednesday, 5 June 2013, 9:28 am | BusinessDesk
June 5 (BusinessDesk) – The New Zealand dollar fell as signs of a pickup in US economic growth spurred demand for the greenback. More >>
