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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 1173]
NZ Dollar Outlook: Kiwi may fall this week on US strength
Monday, 13 May 2013, 2:13 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may fall this week as signs of US recovery support greenback More >>
Tiwai Point smelter ‘losing millions’ every month
Monday, 13 May 2013, 12:16 pm | BusinessDesk
May 13 (BusinessDesk) - The Tiwai Point aluminium smelter is "losing millions of dollars every month" and can ill-afford to give shift workers a 50 percent increase in leave without increasing hours worked, the company says. More >>
NZ house sales fall in April; Auckland, Christchurch strong
Monday, 13 May 2013, 11:04 am | BusinessDesk
May 13 (BusinessDesk) - The number of New Zealand house sales slipped from a six-year high last month, with prices deflating a little, though the national market is still being driven by the country’s two biggest cities, Auckland and Christchurch. More >>
Chorus lifts broadband connections in March quarter
Monday, 13 May 2013, 10:20 am | BusinessDesk
May 13 (BusinessDesk) - Chorus, the telecommunications network operator carved out of Telecom, lifted its number of broadband connections in the first three months of the year, even as its fixed-line connections edged lower. More >>
Kiwi Income FY earnings fall 15%, sees smaller 2014 payout
Monday, 13 May 2013, 9:39 am | BusinessDesk
May 13 (BusinessDesk) - Kiwi Income Property Trust, the owner of Auckland’s Sylvia Park Shopping Centre, reported a 15 percent fall in annual earnings due to a drop in rental income and expects to pay a smaller return to investors in 2014. More >>
NZ dollar falls on expectations Fed will pull back on QE
Monday, 13 May 2013, 9:11 am | BusinessDesk
May 13 (BusinessDesk) - The New Zealand dollar fell after a report that the US Federal Reserve is planning to slow its policy of quantitative easing, increasing the attractiveness of US dollar assets. More >>
World Week Ahead: US retail sales, Europe, Japan GDP
Monday, 13 May 2013, 6:54 am | BusinessDesk
May 13 (BusinessDesk) – The resiliency of Wall Street's record run so far this calendar year has left investors comfortable that there is room to extend the gains. More >>
MightyRiverPower shares rise 4.8% on debut
Friday, 10 May 2013, 6:18 pm | BusinessDesk
May 10 (BusinessDesk) –MightyRiverPower shares rose 4.8 percent from their offer price in their first day of trading on the NZX as investors added to their holdings after receiving less stock than they asked for. More >>
NZ dollar heads for 1.8% weekly fall vs. greenback
Friday, 10 May 2013, 5:20 pm | BusinessDesk
NZ dollar heads for 1.8% weekly fall vs. greenback as surprises clear out speculative positions More >>
SFO investigation into Hanover cost $1.1 million
Friday, 10 May 2013, 5:13 pm | BusinessDesk
May 10 (BusinessDesk) -The Serious Fraud Office investigation into failed company Hanover Finance cost the regulator about $1.1 million. More >>
TrustPower FY earnings fall 6% on dwindling customers
Friday, 10 May 2013, 4:59 pm | BusinessDesk
May 10 (BusinessDesk) - TrustPower, the utility controlled by Infratil, reported a 6 percent fall in underlying annual earnings as it went faced a tougher environment with dwindling customer numbers and thinner margins. The shares gained. More >>
Westpac spins off management of $650M of funds to Salt
Friday, 10 May 2013, 3:51 pm | BusinessDesk
Westpac spins off management of $650 million of equities to firm owned by former staff More >>
MONEY TALKS: Shock! You might need to save for a home loan
Friday, 10 May 2013, 3:46 pm | BusinessDesk
For those of us who dabble in the dark art of attempting to interpret the Reserve Bank, one message came through loud and clear this week – low equity home loans bad, high equity home loans good. More >>
Regulator sticks to its guns in cartel dispute with Air NZ
Friday, 10 May 2013, 2:06 pm | BusinessDesk
May 10 (BusinessDesk) - The Commerce Commission is sticking to its guns in the long-running air cargo cartel case against Air New Zealand, which yesterday renewed its bid to have the case dropped after what it says was key evidence was withdrawn. More >>
MightyRiverPower debuts at $2.73, a 9.2% gain from IPO
Friday, 10 May 2013, 12:37 pm | BusinessDesk
May 9 (BusinessDesk) -MightyRiverPower shares climbed 9.2 percent to $2.73 when they debuted on the NZX as investors who’d been scaled back in the initial public offering sought to lift their holdings on market. More >>
Warehouse Red Sheds, stationery boost 3Q sales
Friday, 10 May 2013, 9:31 am | BusinessDesk
May 10 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, boosted third-quarter sales at its Red Sheds and stationery outlets, and has kept its annual guidance unchanged. More >>
NZ dollar falls on bets US economic pickup heralds end to QE
Friday, 10 May 2013, 9:11 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar fell as the greenback strengthened above 100 yen to a four-year high on speculation an improvement in the U.S. economy may bring forward an end to quantitative easing. More >>
Air NZ pressures regulator to drop ‘untenable’ cartel case
Friday, 10 May 2013, 9:07 am | BusinessDesk
Air NZ puts pressure on regulator to drop ‘untenable’ cartel case ahead of court hearing More >>
While you were sleeping: Wall St fluctuates
Friday, 10 May 2013, 7:30 am | BusinessDesk
May 10 (BusinessDesk) – An unexpected drop in US weekly jobless claims and solid earnings including from News Corp weren't enough to keep Wall Street from sliding after initially setting fresh records. More >>
MARKET CLOSE: NZX 50 holds near record high; Fletcher up
Thursday, 9 May 2013, 5:50 pm | BusinessDesk
MARKET CLOSE: NZX 50 holds near record high as MRP priced; Fletcher, Trade Me up More >>
