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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 1170]
NZ dollar holds gains vs. greenback before Bernanke
Tuesday, 21 May 2013, 5:21 pm | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar held gains against the greenback in local trading as investors pondered whether Federal Reserve chairman Ben Bernanke will give any hint of unwinding his money printing programme this year. More >>
F&P Healthcare shares at 2-year high
Tuesday, 21 May 2013, 1:29 pm | BusinessDesk
F&P Healthcare shares at 2-year high as First NZ raises rating on better outlook More >>
Deep-sea phosphate miner CRP on track for final investment
Tuesday, 21 May 2013, 12:50 pm | BusinessDesk
May 21 (BusinessDesk) - Independent research commissioned by would-be undersea phosphate miner Chatham Rock Phosphate has raised the company's share price to a target value of $2 from $1.87 last September as the timetable firms for mining from early 2015. More >>
NZ exodus across the Tasman slows
Tuesday, 21 May 2013, 11:28 am | BusinessDesk
May 21 (BusinessDesk) - The number of New Zealanders quitting this country for a better life across the Tasman slowed to its smallest monthly pace in almost three years, as the local economic prospects start overshadowing Australia’s. More >>
NZOG's Griffiths backs director liability on health, safety
Tuesday, 21 May 2013, 10:25 am | BusinessDesk
May 21 (BusinessDesk) - New Zealand Oil & Gas chairman Peter Griffiths has thrown his support behind legislative moves to make directors liable if the companies they govern fail to meet health and safety obligations. More >>
NZ dollar gains on concern Bernanke to be cautious on growth
Tuesday, 21 May 2013, 9:20 am | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar rose as the greenback weakened on trader bets that Federal Reserve Chairman Ben Bernanke on Wednesday may say he is still cautious about the pace of recovery in the world's largest economy. More >>
While you were sleeping: Hesitancy after new records
Tuesday, 21 May 2013, 7:41 am | BusinessDesk
May 21 (BusinessDesk) – Wall Street touched fresh records earlier in the day before giving up gains as investors await clues from the US Federal Reserve on its plans for maintaining stimulus measures. More >>
NZ targets $30M extra tax from mining tax changes
Monday, 20 May 2013, 6:11 pm | BusinessDesk
May 20 (BusinessDesk) - The government's enthusiasm for mining does not run to leaving " very concessionary" tax treatment rules for mining company expenses in place, with Revenue Minister Peter Dunne tabling new legislation to raise around ... More >>
MARKET CLOSE: NZ shares rise, led by F&P Healthcare
Monday, 20 May 2013, 6:08 pm | BusinessDesk
May 20 (BusinessDesk) – New Zealand shares edged higher, led by Fisher & Paykel Healthcare and NZX, while concerns about the Australian housing market weighed on Fletcher Building. More >>
NZ dollar pares loss as Bernanke’s Wednesday testimony looms
Monday, 20 May 2013, 5:19 pm | BusinessDesk
May 20 (BusinessDesk) - The New Zealand dollar pared its decline in local trading as the prospect of Federal Reserve chairman Ben Bernanke’s Congressional testimony on Wednesday keeps traders wary of taking their greenback support too far. More >>
MightyRiverPower shares dip below $2.50 offer price
Monday, 20 May 2013, 4:27 pm | BusinessDesk
May 20 (BusinessDesk) - Shares in MightyRiverPower, which the government partially privatised earlier this month, dipped below their $2.50 float price in afternoon trading, 10 days after listing on the stock exchange. More >>
Independent Liquor plans major facelift for Mill chain
Monday, 20 May 2013, 4:19 pm | BusinessDesk
May 20 (BusinessDesk) - The Mill Liquorsave retail chain faces a major rebranding exercise after Asahi-owned Independent Liquor announced its purchase of the 35 stores across the country. More >>
Capital gains targeted in govt's Auckland homes plan
Monday, 20 May 2013, 4:09 pm | BusinessDesk
May 20 (BusinessDesk) - The government is aiming to cool housing inflation, seen as a threat to New Zealand’s financial stability, while speeding up consents as part of a plan to encourage construction of 39,000 new homes in Auckland. More >>
NZ Dollar Outlook: Kiwi may decline this week as US appeals
Monday, 20 May 2013, 1:46 pm | BusinessDesk
May 20 (BusinessDesk) - The New Zealand dollar may decline this week as expectations of a US economic recovery lure investors to the world's largest economy and the greenback. More >>
Independent Liquor buys Mill chain for undisclosed sum
Monday, 20 May 2013, 11:20 am | BusinessDesk
May 20 (BusinessDesk) - Independent Liquor, whose Japanese owner Asahi is locked in a court battle over the $1.5 billion price tag it paid for the booze empire, is extending its reach into retailing by acquiring the Mill Liquorsave bottlestore chain. More >>
World Week Ahead: Central bank watch
Monday, 20 May 2013, 8:35 am | BusinessDesk
May 20 (BusinessDesk) – Wall Street seems destined to push to fresh highs again this week as investors continue to bet on both an improving economic outlook and a solid commitment from the US Federal Reserve to counter any weakness. More >>
MONEY TALKS: What the budget didn't tell you
Friday, 17 May 2013, 6:42 pm | BusinessDesk
May 17 (BusinessDesk) – Long-gone is the romance of huddling round the wireless waiting for the Budget Speech to be read aloud to discover a whopping tax cut or a hike in the price of your favourite vice. More >>
MARKET CLOSE NZ shares fall; MRP finishes week at $2.53
Friday, 17 May 2013, 5:57 pm | BusinessDesk
May 17 (BusinessDesk) – New Zealand shares fell, with Nuplex Industries cutting its full-year earnings guidance a second time and Summerset Group modestly weaker after its biggest shareholder reduced its stake in a discounted sale. More >>
RBNZ will explain before using new asset bubble tools
Friday, 17 May 2013, 5:32 pm | BusinessDesk
May 17 (BusinessDesk) - New Zealand's Reserve Bank will clearly explain concerns it has about risks to financial stability before using any of its new tools to cool asset bubbles, in the hope that may prevent their use. More >>
NZ consumer confidence gains in May amid rising house prices
Friday, 17 May 2013, 2:04 pm | BusinessDesk
May 17 (BusinessDesk) - New Zealand consumers continued to get more optimistic this month as rising house prices and an improving labour market underpinned the rosier outlook. More >>
