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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 1175]
NZ dollar ‘significantly overvalued’, RBNZ’s Wheeler says
Wednesday, 8 May 2013, 9:43 am | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar, which has gained 11 percent from its lows a year ago on a trade-weighted basis, is “significantly overvalued,” Reserve Bank governor Graeme Wheeler says. More >>
RBNZ willing to set limits on risky lending
Wednesday, 8 May 2013, 9:18 am | BusinessDesk
RBNZ willing to set limits on risky lending if it poses ‘significant risk’ to financial system More >>
Reserve Bank watching farming sector as drought adds stress
Wednesday, 8 May 2013, 9:11 am | BusinessDesk
May 8 (BusinessDesk) – The Reserve Bank is “carefully monitoring” an already highly indebted agriculture sector after the recent drought in the North Island is likely to more strain on already stretched balance sheets. More >>
Rising housing pressures pose risk to NZ financial stability
Wednesday, 8 May 2013, 9:06 am | BusinessDesk
May 8 (BusinessDesk) – Increasing pressure in a housing market where supply is failing to meet demand is posing a growing risk to New Zealand’s financial stability, according to the Reserve Bank. More >>
NZ dollar falls before RBNZ's financial stability report
Wednesday, 8 May 2013, 8:43 am | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar fell ahead of a report by the central bank today which may flag concern about the country's buoyant housing market and the impact of a high currency on exporters. More >>
While you were sleeping: Record dance continues
Wednesday, 8 May 2013, 7:44 am | BusinessDesk
May 8 (BusinessDesk) – Wall Street climbed to new records, and Germany's DAX too, amid expectations that global central bank support will continue to help underpin corporate profits. More >>
MARKET CLOSE: NZ shares gain as Fletcher recovers
Tuesday, 7 May 2013, 5:53 pm | BusinessDesk
May 7 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new record high, as Fletcher Building recovered from a selloff sparked by an investor presentation last week and better retail data helped lift Kathmandu and Warehouse ... More >>
NZ dollar climbs to 4-year high vs. Aust as RBA cuts rates
Tuesday, 7 May 2013, 5:18 pm | BusinessDesk
NZ dollar climbs to four-year high vs. Aust after RBA cuts rates By Paul McBeth More >>
SMELLIE ON SME's: More care, all your responsibility
Tuesday, 7 May 2013, 11:59 am | BusinessDesk
May 6 (BusinessDesk) - At one of the places I once worked, there was a set of marble stairs and a rather low-hanging arch which the taller members of staff could clip their heads on if they didn't duck. More >>
Summerset plans to list in Australia after investor demand
Tuesday, 7 May 2013, 11:11 am | BusinessDesk
May 7 (BusinessDesk) - Summerset Group, New Zealand’s second-largest listed retirement village operator and developer, plans to list on the Australian stock exchange, putting its shares in front of an investor pool more than 20 times larger than in its home ... More >>
SLI Systems to sell shares at $1.50 apiece
Tuesday, 7 May 2013, 10:28 am | BusinessDesk
SLI Systems to sell shares at $1.50 apiece in bid for long-term growth in Japan, Brazil More >>
Warehouse seeks better workforce with higher pay, more train
Tuesday, 7 May 2013, 9:48 am | BusinessDesk
May 7 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, has unveiled plans to lift staff wages and create a better-trained workforce, rewarding long-term service at an extra cost of up to $2.5 million in each of the next two ... More >>
NZ dollar at 3 1/2-yr high vs. Australian dollar before RBA
Tuesday, 7 May 2013, 9:42 am | BusinessDesk
NZ dollar holds near 3 1/2-year high vs. Australian dollar, may rise on bets on RBA rate cut More >>
While you were sleeping: Bulls keep upper hand
Tuesday, 7 May 2013, 7:32 am | BusinessDesk
May 7 (BusinessDesk) – Wall Street climbed to fresh records, carrying the momentum from Friday's jobs data into renewed optimism about the US economy and corporate profits. More >>
MARKET CLOSE: NZ shares rise, led by Ryman, Telecom, FBU
Monday, 6 May 2013, 6:02 pm | BusinessDesk
May 6 (BusinessDesk) – New Zealand shares rose, joining a global rally on optimism about world growth, as Ryman Healthcare charted another record high and Fletcher Building and Telecom gained. More >>
NZ dollar hits new 3 ½ year high vs. Australian dollar
Monday, 6 May 2013, 5:32 pm | BusinessDesk
NZ dollar hits new 3 ½ year high vs. Aust after weaker than expected March retail sales; RBA looms More >>
Foreign providers spurred Foss to tighten register rules
Monday, 6 May 2013, 4:37 pm | BusinessDesk
May 6 (BusinessDesk) - Foreign companies looking to boost their international credibility with a New Zealand registration were behind Commerce Minister Craig Foss’ plans to tighten up the database. More >>
NZ Dollar Outlook: Kiwi may gain on growth signs, jobs data
Monday, 6 May 2013, 2:56 pm | BusinessDesk
May 6 (BusinessDesk) - The New Zealand dollar may rise this week as stronger global equity and commodity markets stoke demand for the currency and an improving local economy boosts employment. More >>
GPG sells stake in ASX-listed Ridley Corp for A$54 mln cash
Monday, 6 May 2013, 12:49 pm | BusinessDesk
May 6 (BusinessDesk) - Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats later this year, has sold its 20 percent stake in ASX-listed agri-products maker Ridley Corp. More >>
APN pinches News Ltd’s Miller for new CEO
Monday, 6 May 2013, 12:40 pm | BusinessDesk
May 6 (BusinessDesk) - APN News & Media, whose stable of publications includes the New Zealand Herald newspaper, has appointed News Ltd’s Michael Miller as its new chief executive, effective from mid-June. More >>
