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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 1165]
While you were sleeping: US equities drop
Wednesday, 5 June 2013, 7:48 am | BusinessDesk
June 5 (BusinessDesk) – Wall Street slumped as investors locked in profits in anticipation of a potential downgrade to the US Federal Reserve's US$85 billion-a-month bond-buying program. More >>
Dairy product prices fall 5.3%, third straight decline
Wednesday, 5 June 2013, 7:29 am | BusinessDesk
June 5 (BusinessDesk) - Prices of dairy products fell for the third auction in a row, continuing to ease from April’s record highs as volumes increase and the effects of drought wash out of the supply chain. More >>
NZ dollar little changed vs. AUD after RBA statement
Tuesday, 4 June 2013, 5:15 pm | BusinessDesk
June 4 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept its benchmark interest rate on hold at 2.75 percent, while saying there is scope for a future cut if need be. More >>
Xero topples Port of Tauranga as highest priced local stock
Tuesday, 4 June 2013, 4:34 pm | BusinessDesk
June 4 (BusinessDesk) - Cloud-based accounting firm Xero has toppled Port of Tauranga as the highest priced local stock on the NZX as it charts another notch in its belt, having more than tripled in the past 12 months. More >>
NZ posts smaller operating deficit on bumper tax take
Tuesday, 4 June 2013, 10:15 am | BusinessDesk
June 4 (BusinessDesk) - The New Zealand government reported a smaller operating deficit than predicted in last month’s Budget forecasts as improving corporate profitability underpinned a bigger company tax take. More >>
Snakk boosts annual sales 83%, seeks acquisitions
Tuesday, 4 June 2013, 9:27 am | BusinessDesk
June 4 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, boosted annual sales 83 percent and is on the prowl for investment opportunities with its new $6.5 million war chest. More >>
OECD urges capital gains tax, deposit insurance
Tuesday, 4 June 2013, 8:01 am | BusinessDesk
June 4 (BusinessDesk) – A report on New Zealand by the Organisation for Economic Cooperation and Development supports key elements of the Labour and Green parties’ policies for making the economy grow faster and distribute wealth more fairly. More >>
While you were sleeping: Merck, Intel lift Dow
Tuesday, 4 June 2013, 7:37 am | BusinessDesk
June 4 (BusinessDesk) – The Dow Jones Industrial Average advanced, boosted by shares of Merck and Intel, though disappointing manufacturing data kept a lid on gains. More >>
MARKET CLOSE: SLI listing boosts tech stocks, NZX gains
Friday, 31 May 2013, 5:53 pm | BusinessDesk
May 31 (BusinessDesk) - New Zealand shares gained, paced by tech companies Xero and Diligent Board Member Services, after the 19 percent stag of SLI Systems on debut attracted investors to web-based firms. More >>
NZ dollar takes big drop in May on slowing QE, RBNZ moves
Friday, 31 May 2013, 5:41 pm | BusinessDesk
May 31 (BusinessDesk) - The New Zealand dollar is heading for a 5.5 percent slide this month as investors rallied behind the greenback in growing anticipation the US Federal Reserve will start unwinding its asset purchase programme, and after the ... More >>
Port of Tauranga chairman Parker to retire in October
Friday, 31 May 2013, 3:31 pm | BusinessDesk
Port of Tauranga chairman Parker will retire in October after 17 years as a director More >>
SLI Systems soars on debut as NZ market resurgence continues
Friday, 31 May 2013, 2:29 pm | BusinessDesk
May 31 (BusinessDesk) – Shares in SLI Systems, a website search operator, rose as much as 20 percent after listing on the NZX this morning, joining a slew of New Zealand companies going public in the face of resurgent demand for the returns available ... More >>
Xero chair, COO book million-dollar paydays by selling stock
Friday, 31 May 2013, 1:35 pm | BusinessDesk
Xero chair, COO book million-dollar paydays after shares more than triple in past year More >>
AWF's Hull sells $7.25M stake at 7.9% discount
Friday, 31 May 2013, 10:18 am | BusinessDesk
May 31 (BusinessDesk) - AWF Group managing director Simon Hull and his family interests have sold down their stake in the contract labour firm at a 7.9 percent discount in a bid to boost liquidity in the stock and attract institutional investors. More >>
NZ dollar falls after central bank warns it may sell more
Friday, 31 May 2013, 8:54 am | BusinessDesk
NZ dollar falls after central bank says it may scale up currency intervention to limit gains More >>
TSB lifts profit 11% on rural, commercial lending
Friday, 31 May 2013, 8:50 am | BusinessDesk
May 31 (BusinessDesk) - TSB Bank, which took a quarter stake in fund manager Fisher Funds earlier this year, lifted annual profit 11 percent as it lifted rural and commercial lending faster than its traditional sector in household mortgages. More >>
While you were sleeping: Sluggish data welcomed
Friday, 31 May 2013, 7:33 am | BusinessDesk
May 31 (BusinessDesk) – US economic data falling short of expectations bolstered hope that the Federal Reserve might see the need to support the world's largest economy a little longer than it has recently hinted. More >>
NZ dollar falls after RBNZ’s Wheeler keeps markets guessing
Thursday, 30 May 2013, 5:12 pm | BusinessDesk
May 30 (BusinessDesk) - The New Zealand dollar fell after Reserve Bank governor Graeme Wheeler said he’s prepared to keep intervening in foreign exchange markets to keep a lid on the local currency. More >>
Reserve Bank sells net $256 mln in April dollar intervention
Thursday, 30 May 2013, 3:32 pm | BusinessDesk
May 30 (BusinessDesk) - The Reserve Bank sold a net $256 million into foreign exchange markets last month as it looked to trim the kiwi dollar’s high points in April, and its governor Graeme Wheeler is willing to ramp up his currency intervention as ... More >>
NPT turns to profit on insurance payouts, property values
Thursday, 30 May 2013, 3:00 pm | BusinessDesk
May 30 (BusinessDesk) – NPT, the listed property investor, turned to a profit in 2013 after it gained from payouts on an earthquake damaged Christchurch building and the overall value of its properties rose. More >>
