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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 1180]
NZ dollar weakens as US GDP disappoints, Italy gets new govt
Monday, 29 April 2013, 9:07 am | BusinessDesk
April 29 (BusinessDesk) – The New Zealand dollar weakened after US first-quarter economic growth came in weaker than expected and Italy ended a two-month political stalemate with the creation of a new coalition government. More >>
Infratil reopens $100M bond offer
Monday, 29 April 2013, 9:07 am | BusinessDesk
April 29 (BusinessDesk) - Infratil, the Wellington-based investor, has re-launched its sale of up to $100 million of June 2022 infrastructure bonds after tweaking its offer document to note the increased regulatory risk posed by the Labour and Green ... More >>
World Week Ahead: Eyes on ECB, Fed
Monday, 29 April 2013, 7:22 am | BusinessDesk
April 29 (BusinessDesk) – Hopes for fresh monetary stimulus might be answered this week in Europe, which also begins the week with a resolution to Italy's two-month political stalemate. More >>
Christchurch quake cost rises $10B to $40B
Sunday, 28 April 2013, 2:22 pm | BusinessDesk
April 28 (BusinessDesk) - The Christchurch rebuild just got $10 billion more expensive, of which the government expects to provide $2 billion, Prime Minister John Key has told the National Party's South Island regional conference. More >>
MARKET CLOSE: NZ shares rise; Diligent, Xero soar
Friday, 26 April 2013, 6:19 pm | BusinessDesk
April 26 (BusinessDesk) – New Zealand shares rose, nudging the NZX 50 Index to a new record, as investors continued to bid up the future earnings potential of Diligent Board Member Services and Xero. Sky Network Television continued its run unfettered ... More >>
NZ dollar holds near three-year high vs. Aust. dollar
Friday, 26 April 2013, 5:21 pm | BusinessDesk
NZ dollar holds near three-year high vs. A$ as China becomes biggest trading partner More >>
MONEY TALKS: Nobody knows the prices I've seen
Friday, 26 April 2013, 3:37 pm | BusinessDesk
April 26 (BusinessDesk) - One of the fundamental principles of a functioning market is making sure everyone has equal access to information, so when gremlins creep into those systems all hell can break loose. More >>
MIDDAY UPDATE: Groser drops out of WTO race
Friday, 26 April 2013, 12:16 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand Trade Minister Tim Groser has pulled out of the running for the top job of the World Trade Organisation, with a formal release on his exit slated for tomorrow. More >>
China overtakes Australia as NZ’s biggest export market
Friday, 26 April 2013, 11:22 am | BusinessDesk
April 26 (BusinessDesk) – China has overtaken Australia as New Zealand’s biggest export market for the first time, buying more meat, dairy products and pine logs, while shipments across the Tasman have fallen. More >>
Delegat's buys Barossa Valley off receivers for A$24.7M
Friday, 26 April 2013, 10:18 am | BusinessDesk
Delegat's buys Australia's Barossa Valley Estate assets out of receivership for A$24.7M More >>
NZ dollar rises above 85 US cts, reaches 3-yr high vs. Aust$
Friday, 26 April 2013, 9:14 am | BusinessDesk
April 26 (BusinessDesk) – The New Zealand dollar climbed above 85 US cents and reached the highest level against the Australian dollar since October 2009 as improving risk sentiment and the nation’s economic prospects drive demand for the kiwi. More >>
From the Farm: Did Olam buy a pup?
Friday, 26 April 2013, 8:31 am | BusinessDesk
To an outside observer, it has been a very uncomfortable five months for Olam International, the Singapore-based supply chain manager of agricultural products and food ingredients. More >>
While you were sleeping: US jobs data beats estimates
Friday, 26 April 2013, 7:34 am | BusinessDesk
April 26 (BusinessDesk) – Better-than-expected US jobs data helped propel Wall Street as did corporate earnings that exceeded expectations such as from United Parcel Service. More >>
While you were sleeping: Durable goods orders slump
Thursday, 25 April 2013, 7:31 am | BusinessDesk
April 25 (BusinessDesk) – There was a mixed bag of US corporate earnings and the latest in a string of lacklustre reports on the American economy. More >>
Moody's Analytics questions use of inflation targeting
Wednesday, 24 April 2013, 6:10 pm | BusinessDesk
April 24 (BusinessDesk) - New Zealand's inflation is so well and truly beaten the Reserve Bank of New Zealand should consider adding an economic growth component to the way it conducts monetary policy, says Moody's Analytics, an offshoot of Moody's ... More >>
MARKET CLOSE: NZX 50 at record close; A2, Diligent rise
Wednesday, 24 April 2013, 6:07 pm | BusinessDesk
April 24 (BusinessDesk) – New Zealand’s benchmark NZX 50 Index rose to a record close, as investors were lured to growth stories such as A2 Corp, Diligent Board Member Services and Xero. Warehouse Group rose to a 2 ½-year high after selling ... More >>
Chinese buyer of Cullen Fund forests keen on more acquisitio
Wednesday, 24 April 2013, 5:51 pm | BusinessDesk
April 24 (BusinessDesk) - China Forestry Group New Zealand, a subsidiary of state-owned China Forest Group Corp, is keen on mopping up more local forests after buying a chunk of estates from the New Zealand Superannuation Fund. More >>
Labour-Greens electricity policy halves public MRP appetite
Wednesday, 24 April 2013, 5:34 pm | BusinessDesk
April 24 (BusinessDesk) - A poll taken by the New Zealand Shareholders Association suggests up to half of people who intended to invest in the MightyRiverPower partial privatisation have changed their minds or are reconsidering. More >>
Pyne Gould sells Perpetual Trust for $11.9M
Wednesday, 24 April 2013, 5:31 pm | BusinessDesk
April 24 (BusinessDesk) - Pyne Gould, the South Island asset management firm controlled by George Kerr, has sold Perpetual Trust for $11.9 million to interests associated with London-based investor Andrew Barnes. More >>
NZ dollar gains after Wheeler statement, Australian CPI
Wednesday, 24 April 2013, 5:29 pm | BusinessDesk
April 24 (BusinessDesk) - The New Zealand dollar gained against the greenback after Reserve Bank governor Graeme Wheeler backed away from talking tough on the currency, while weaker than expected Australian inflation pushed the cross-rate in the local ... More >>
