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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 1171]
Vodafone NZ counsel Kreider wins bid to keep $541k job
Friday, 17 May 2013, 12:33 pm | BusinessDesk
Vodafone NZ’s general counsel Kreider wins bid to keep $541,000 a year job More >>
Heartland among eight smaller NZ banks put on notice: S&P
Friday, 17 May 2013, 8:49 am | BusinessDesk
Heartland among eight smaller NZ banks put on notice over rising housing risk by S&P More >>
While you were sleeping: US data lack lustre
Friday, 17 May 2013, 7:45 am | BusinessDesk
May 16 (BusinessDesk) – The latest reports on the US economy pointed to weakness, or at the least slower forward momentum, leading investors to press the brakes on Wall Street's record run. More >>
NZ dollar bounces off lows as NZ budget keeps surplus target
Thursday, 16 May 2013, 5:13 pm | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar came off its recent lows as Finance Minister Bill English’s budget kept the operating surplus target for 2014/15 intact, and as support for the greenback stumbled after US manufacturing data missed expectations ... More >>
BUDGET 2013: Rating agencies happy with NZ fiscal position
Thursday, 16 May 2013, 4:18 pm | BusinessDesk
May 16 (BusinessDesk) - The major international rating agencies have given Finance Minister Bill English the all-clear in today’s budget, which sticks to reaching an operational surplus in the 2014/15 year. More >>
Telecom’s Gen-i slims down with Davanti sale to management
Thursday, 16 May 2013, 3:27 pm | BusinessDesk
May 16 (BusinessDesk) - Telecom’s Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit. More >>
BUDGET 2013 COMMENT Plain sailing, but it's no America's Cup
Thursday, 16 May 2013, 2:16 pm | BusinessDesk
May 16 (BusinessDesk) - Compared to the last four budgets, this year's reflects an economy moving out of recession and into calmer waters. More >>
BUDGET 2013 Meridian mega-float by year's end
Thursday, 16 May 2013, 2:13 pm | BusinessDesk
May 16 (BusinessDesk) - The country's most valuable electricity company, Meridian Energy, will be partially privatised in the second of this year, assuming market conditions make it a good time to sell, Finance Minister Bill English announced in ... More >>
BUDGET 2013: ACC levy cuts to cancel out fiscal drag
Thursday, 16 May 2013, 2:10 pm | BusinessDesk
May 16 (BusinessDesk) - Accident Compensation Corp levies are projected to be cut progressively to give businesses savings of $1 billion a year by 2015/16, roughly cancelling out the impact of fiscal drag on the government's accounts. More >>
Budget 2013: Loss-making start-ups to get R&D tax deductions
Thursday, 16 May 2013, 2:09 pm | BusinessDesk
May 16 (BusinessDesk) - Loss-making start-up companies which invest heavily in research and development will be targeted for tax breaks under a scheme announcing a range of small concessions and new initiatives to more effectively tax foreign-owned companies ... More >>
BUDGET 2013: DMO trims $3 bln from borrowing programme
Thursday, 16 May 2013, 2:03 pm | BusinessDesk
May 16 (BusinessDesk) – The New Zealand Debt Management Office will cut its borrowing programme by $3 billion over the next two years as the government looks to clamp down on its growing interest bill and build a buffer for future shocks. More >>
BUDGET 2013: More tax, less spending keep surplus in sight
Thursday, 16 May 2013, 1:59 pm | BusinessDesk
May 16 (BusinessDesk) – Finance Minister Bill English will meet his targets for a return to budget surplus in 2015 and a drop in net debt by 2021 by putting a cap on new spending, taking in more tax and delaying the resumption of pension contributions. More >>
MRP senior managers in line for $1.2M in bonus shares
Thursday, 16 May 2013, 10:17 am | BusinessDesk
May 16 (BusinessDesk) - Senior executives of newly listed, state-controlled MightyRiverPower are in line for shares in lieu of cash bonuses worth $1.2 million for the year to June 30, one of the company's first disclosures to the NZX and ASX as a listed company ... More >>
Agria brushes off Wrightson warning as ‘temporary setback'
Thursday, 16 May 2013, 10:08 am | BusinessDesk
May 16 (BusinessDesk) - Agria Corp, the New York Stock Exchange-listed agriculture investor whose top executives left last year, has brushed off local subsidiary PGG Wrightson’s profit warning as a “temporary setback” and is still optimistic ... More >>
Ryman boosts FY profit 13% as fee income jumps
Thursday, 16 May 2013, 9:27 am | BusinessDesk
May 16 (BusinessDesk) - Ryman Healthcare, the retirement village operator whose shares have jumped by more than a third this year, boosted annual profit 13 percent as increased sales of units lifted its fee income and as the value of its property portfolio continued ... More >>
NZ dollar gaisn as budget awaited
Thursday, 16 May 2013, 9:09 am | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar strengthened against major currencies as investors take advantage of a dip in the kiwi to buy ahead of the government budget today. More >>
Telecom FY earnings to be at bottom end of guidance
Thursday, 16 May 2013, 9:05 am | BusinessDesk
Telecom FY earnings to be at bottom end of guidance on fixed-line rivalry, Gen-i squeeze More >>
While you were sleeping: US, EU data disappoint
Thursday, 16 May 2013, 7:43 am | BusinessDesk
May 16 (BusinessDesk) – Momentum helped lift Wall Street to records earlier in the day, even as US and European economic data disappointed some investors about the pace of the recovery. More >>
Dairy product prices extend decline from record high
Thursday, 16 May 2013, 6:59 am | BusinessDesk
May 16 (BusinessDesk) – Prices of dairy products extended their decline from a record high as a resurgent US dollar weighed more generally on commodity prices and concerns abated about the impact of drought in the North Island. More >>
MARKET CLOSE: NZ shares edge up; F&P Healthcare gains
Wednesday, 15 May 2013, 5:55 pm | BusinessDesk
May 15 (BusinessDesk) – New Zealand shares rose, led by Fisher & Paykel Healthcare, as the maker of breathing masks and respirators benefited from a kiwi dollar at a two-month low. NZX rose to a six-year high in anticipation of fees from new listings. More >>
