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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 1184]
From the Farm: No surprise about the eels
Friday, 19 April 2013, 7:30 am | BusinessDesk
The poor old Department of Conservation comes in for criticism for not having a specific plan to protect the long-fin eel, in the Parliamentary Commissioner for the Environment’s probe into a species managed under New Zealand’s quota management system. Maybe ... More >>
RESEND: NZ dollar little changed as investors cash in gains
Thursday, 18 April 2013, 6:18 pm | BusinessDesk
April 18 (BusinessDesk) – The New Zealand dollar was little changed in local trading as investors cashed in gains amid growing uncertainty over the next direction for global financial markets. More >>
MARKET CLOSE: NZ shares fall, paced by power companies
Thursday, 18 April 2013, 5:58 pm | BusinessDesk
April 18 (BusinessDesk) – New Zealand shares fell as investors assessed the potential threat to power company earnings from a Labour Party-Green Party plan to overhaul the electricity sector if elected. Contact Energy, TrustPower, Infratil and Vector ... More >>
NZ dollar little changed as investors cash in gains
Thursday, 18 April 2013, 5:28 pm | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors cashed in gains amid growing uncertainty over the next direction for global financial markets. More >>
Supreme Court rejects appeal on minister's quake rulings
Thursday, 18 April 2013, 4:37 pm | BusinessDesk
April 18 (BusinessDesk) - The Supreme Court has rejected a bid by two Christchurch firms to appeal a decision relating to the way Earthquake Recovery Minister Gerry Brownlee used his powers over land zoning in Christchurch, saying it would be "inappropriate" ... More >>
Fonterra appoints Singaporean Simon Israel to board
Thursday, 18 April 2013, 3:44 pm | BusinessDesk
April 18 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, has appointed Singaporean director Simon Israel to its board to replace the retiring Ralph Waters. More >>
Pike River Coal found guilty on 9 health and safety charges
Thursday, 18 April 2013, 3:38 pm | BusinessDesk
April 18 (BusinessDesk) - Pike River Coal, the failed operator of the West Coast coal mine where two explosions killed 29 underground miners in 2010, has been convicted of nine health and safety charges. More >>
'Evasive' Ken Wikeley loses US$1.5M suit over Chile venture
Thursday, 18 April 2013, 3:00 pm | BusinessDesk
April 18 (BusinessDesk) – Ken Wikeley has lost a US$1.5 million lawsuit brought by an investor in a failed mining venture related to Orion Minerals Group in a judgement that describes the businessman as “frequently evasive under cross-examination.” More >>
Labour-Greens power policy hits Contact Energy share price
Thursday, 18 April 2013, 2:53 pm | BusinessDesk
April 18 (BusinessDesk) - The share price of the country's largest listed electricity generator-retailer, Contact Energy, has taken a 3 percent knock immediately following the joint announcement by the Labour and Green parties of a radical rewind from electricity ... More >>
Govt adviser urges big shake-up of local govt water services
Thursday, 18 April 2013, 1:45 pm | BusinessDesk
April 18 (BusinessDesk) - All local councils should start charging ratepayers for both drinking and waste water by volume, while new water infrastructure should be delivered regionally because of its high cost for smaller communities, says a government ... More >>
NZ consumers upbeat about big ticket purchases
Thursday, 18 April 2013, 1:38 pm | BusinessDesk
April 18 (BusinessDesk) - New Zealand consumers are more upbeat about buying big ticket items than they have been in five-and-a-half years, with confidence increasing last month. More >>
Labour-Greens to rip up the book on electricity pricing
Thursday, 18 April 2013, 1:01 pm | BusinessDesk
April 18 (BusinessDesk) - The Labour and Green parties have promised to rip up the existing electricity market model, returning to a centrally planned electricity system, a single state-owned power buyer, and breaking up the integrated generator-retailer ... More >>
MIDDAY UPDATE: SLI Systems sees NZX listing to boost sales
Thursday, 18 April 2013, 12:20 pm | BusinessDesk
April 18 (BusinessDesk) - Christchurch-based website search developer SLI Systems wants to raise $27 million in an NZX listing as it looks to ramp up its sales and expand into new markets. More >>
SLI Systems looks to raise $27 mln in IPO to boost sales
Thursday, 18 April 2013, 10:47 am | BusinessDesk
SLI Systems looks to raise $27 mln in IPO to boost sales of search software More >>
ASX-listed CSR talks down role in NZ leaky schools suit
Thursday, 18 April 2013, 10:20 am | BusinessDesk
April 18 (BusinessDesk) - CSR, the ASX-listed building products maker, is talking down its role in New Zealand's leaky buildings claim by the Ministry of Education after being named as one of a number of parties in the suit. More >>
NZ dollar climbs vs. euro on Weidmann comments
Thursday, 18 April 2013, 9:15 am | BusinessDesk
April 18 (BusinessDesk) – The New Zealand dollar rose against the euro after Bundesbank President Jens Weidmann said the European Central Bank may cut interest rates if data warrants and European stocks tumbled. More >>
While you were sleeping: US earnings miss the mark
Thursday, 18 April 2013, 7:43 am | BusinessDesk
April 18 (BusinessDesk) – Wall Street declined as disappointing American corporate earnings including from Bank of America fuelled unease that the recent gains in equities might not be justified by the economic outlook. More >>
MAKET CLOSE: NZ stocks rally; Ryman, POT at records
Wednesday, 17 April 2013, 6:00 pm | BusinessDesk
April 17 (BusinessDesk) – New Zealand shares rose as persistently low interest rates globally polished the appeal of equities and drew investors to companies with consistent earnings such as Ryman Healthcare and Port of Tauranga. More >>
NZ Education Ministry sues James Hardie over leaky schools
Wednesday, 17 April 2013, 5:27 pm | BusinessDesk
April 17 (BusinessDesk) - New Zealand's Ministry of Education has launched a representative action against two James Hardie Industries subsidiaries and other parties, claiming several thousand schools buildings are leaky and is seeking repair costs and damages. More >>
NZ dollar slips after tepid 1Q inflation meets expectations
Wednesday, 17 April 2013, 5:24 pm | BusinessDesk
April 17 (BusinessDesk) - The New Zealand dollar fell in local trading after tepid first-quarter inflation meet market expectations, and reaffirmed the prospects low interest rates will stay in place. More >>
