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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 1183]
NZ attracts biggest monthly net migration since January 2010
Monday, 22 April 2013, 11:59 am | BusinessDesk
April 22 (BusinessDesk) - New Zealand rounded out its biggest monthly net gain of new migrants since January 2010 in March, with Chinese and Indians leading the charge. More >>
Ecoya beats 2013 earnings guidance as Trilogy dominates
Monday, 22 April 2013, 10:48 am | BusinessDesk
April 22 (BusinessDesk) - Ecoya, the scented candlemaker which derives more sales from its Trilogy skincare products range, turned profitable on an earnings before interest, tax, depreciation and amortisation basis, beating its November prediction ... More >>
NZ dollar falls amid doubts about pace of global growth
Monday, 22 April 2013, 9:09 am | BusinessDesk
April 22 (BusinessDesk) – The New Zealand dollar fell against most of its trading peers amid concern the US and Chinese economies may be stumbling, weighing on growth assets such as equities, the kiwi and Australian dollars. More >>
Dilemma for RBNZ as kiwi stays high, housing market heats up
Monday, 22 April 2013, 8:30 am | BusinessDesk
April 21 (BusinessDesk) – The Reserve Bank will keep interest rates unchanged this week, though it may use the six-weekly review to highlight the conflicts of a high currency keeping prices in check and a housing market that’s threatening to stoke ... More >>
World Week Ahead: Key week for US earnings, data
Monday, 22 April 2013, 7:02 am | BusinessDesk
April 22 (BusinessDesk) – Investors should be bracing themselves for more volatility as a slew of economic data and key US corporate earnings, including Apple, will either stoke deeper losses or ease concerns about the outlook. More >>
Electricity policy - Labour just changed the conversation
Friday, 19 April 2013, 6:40 pm | BusinessDesk
April 19 (BusinessDesk) - For those close to the development of today's electricity market over the last 25 years or so, the Labour and Green party announcements on a return to central planning have landed like a bomb. More >>
MONEY TALKS: Betting on blue to beat a Mighty River of red
Friday, 19 April 2013, 5:56 pm | BusinessDesk
April 19 (BusinessDesk) - The MightyRiverPower float just became a doozey with the opposition parties putting up a potentially popular policy to whack typically unpopular power companies. More >>
MARKET CLOSE: NZ shares rise: Ryman at record; Contact falls
Friday, 19 April 2013, 5:46 pm | BusinessDesk
April 19 (BusinessDesk) – New Zealand shares rose as Ryman Healthcare charted a new record high and Sky Network Television gained, helping offset a slide in TrustPower and Contact Energy in the wake of the Labour-Greens proposal to slash power prices. More >>
NZ dollar heads for 1.8% weekly drop on global weakness
Friday, 19 April 2013, 5:16 pm | BusinessDesk
April 19 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent fall against the greenback as optimism about the health of the global economy fades, sapping demand for risk-sensitive assets. More >>
Five Star Finance's Williams jailed
Friday, 19 April 2013, 4:49 pm | BusinessDesk
April 19 (BusinessDesk) - Five Star Finance's Neill Williams has been jailed for three years and seven months after pleading guilty for making false statements in the failed lender's offer documents. More >>
Labour's Parker recommended against power reforms in 2006
Friday, 19 April 2013, 3:30 pm | BusinessDesk
April 19 (BusinessDesk) - The single buyer model for electricity pricing would be more costly and less efficient than market arrangements, and would stifle innovation in energy efficiency and generation development, Labour's Energy Minister in 2006, ... More >>
Meridian, Rio keep talking; Labour-Greens plan muddies water
Friday, 19 April 2013, 2:51 pm | BusinessDesk
April 19 (BusinessDesk) - Meridian Energy and the owners of its largest customer, the Tiwai Point aluminium smelter, are continuing to talk after an intense three days' face to face negotiation last week, with parties in both Wellington and Sydney ... More >>
McDonald's pulls another big dividend from NZ unit
Friday, 19 April 2013, 1:12 pm | BusinessDesk
April 19 (BusinessDesk) - McDonald's Corp, which has seen its shares rise to a record high this month, pulled another large dividend out of New Zealand in 2012 as profit growth stalled at the local unit. More >>
Labour-Greens power policy could work, says Vector CEO
Friday, 19 April 2013, 12:30 pm | BusinessDesk
April 19 (BusinessDesk) - The electricity policy announced by the Labour and Green parties could be made to work and the current debate is overly emotive, says the chief executive of the regulated monopoly electricity and gas network owner, Vector. More >>
MIDDAY UPDATE: Power company shares plunge on politicking
Friday, 19 April 2013, 12:22 pm | BusinessDesk
April 19 (BusinessDesk) - Shares in power companies plunged in early trading as investors remain nervous about the Labour and Green parties' plans to overhaul the energy sector with a bulk buyer of wholesale electricity. More >>
Securities law reform may over-simplify offer documents
Friday, 19 April 2013, 12:14 pm | BusinessDesk
April 19 (BusinessDesk) - The government's planned overhaul of decades-old securities law threatens to make the short-form offer documents that many investors rely on too simple by limiting directors from judging what needs to be included, according ... More >>
'Hard to see' investment under Labour-Greens plan: Contact
Friday, 19 April 2013, 10:58 am | BusinessDesk
Contact shares drop to 2-month low, says 'hard to see' investment under Labour-Greens plan More >>
NZ dollar falls as US data adds to concern growth easing
Friday, 19 April 2013, 9:12 am | BusinessDesk
April 19 (BusinessDesk) – The New Zealand dollar fell as weaker US data and disappointing earnings stoked concerns global growth may be slowing and weighed on stocks and risk appetite. More >>
Z looks for savings with increased storage
Friday, 19 April 2013, 9:11 am | BusinessDesk
April 19 (BusinessDesk) - Z Energy, the petrol retailer whose owners are mulling a listing later this year, wants to reap significant savings in freight costs as it spends $40 million to boost storage at ports in Lyttelton and Tauranga. More >>
While you were sleeping: More signs of US weakness
Friday, 19 April 2013, 7:43 am | BusinessDesk
April 19 (BusinessDesk) – Wall Street dropped on disappointing earnings from companies including Morgan Stanley and eBay as well as the latest economic indicators suggesting a slowdown in the pace of the recovery. More >>
