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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 1188]
Curve ball for GPG as UK regulator probes Coats pension pla
Thursday, 11 April 2013, 10:57 am | BusinessDesk
Guinness Peat Group's wind-down may face a bump in the road after the UK Pensions Regulator indicated it's taking a look at two of the pensions schemes the investment firm is responsible for. More >>
OBR gives govt options in event of bank failure, RBNZ says
Thursday, 11 April 2013, 10:10 am | BusinessDesk
Open Bank Resolution gives govt options in event of bank failure, RBNZ's Fiennes says More >>
GPG's Campbell joins Tourism Holdings board
Thursday, 11 April 2013, 9:24 am | BusinessDesk
April 11 (BusinessDesk) - Guinness Peat Group chairman Rob Campbell, who was brought into the investment firm to oversee its wind-down, has joined the board of rental campervan operator Tourism Holdings. More >>
Caniwi in $60.5M Wellington commercial property spend-up
Thursday, 11 April 2013, 9:22 am | BusinessDesk
April 11 (BusinessDesk) - Wellington private equity investor Troy Bowker's Caniwi Capital is spending $60.55 million to purchase two central Wellington commercial properties on long term leases to the ANZ and Victoria University, taking the firm's ... More >>
NZ dollar at 20-month high amid Fed dissent over stimulus
Thursday, 11 April 2013, 9:06 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar climbed to a 20-month high against the greenback as equity markets rallied amid an early release of minutes to the last Federal Reserve policy meeting showing disagreement over the central bank's massive ... More >>
NZ dollar at 20-month high amid Fed dissent over stimulus
Thursday, 11 April 2013, 9:06 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar climbed to a 20-month high against the greenback as equity markets rallied amid an early release of minutes to the last Federal Reserve policy meeting showing disagreement over the central bank's massive ... More >>
NZ Energy Corp faces funding challenge on Origin assets buy
Thursday, 11 April 2013, 8:42 am | BusinessDesk
April 10 (BusinessDesk) - New Zealand Energy Corp, one of two Vancouver-based companies producing oil and gas in Taranaki, faces a shortfall in funds to buy C$42 million of assets from Origin Energy as overheads soar and cash reserves dwindle. More >>
While you were sleeping: Record run continues
Thursday, 11 April 2013, 7:43 am | BusinessDesk
April 11 (BusinessDesk) – Wall Street climbed to fresh highs as investors bet that the pace of the economic recovery, both at home and abroad, will sustain corporate profit growth. More >>
MARKET CLOSE: NZ shares rise; Contact, Fletcher, Telecom up
Wednesday, 10 April 2013, 5:57 pm | BusinessDesk
April 10 (BusinessDesk) – New Zealand shares rose as Fletcher Building, Telecom and Contact Energy, the biggest companies on the NZX 50 Index, gained and Restaurant Brands led gains among some retailers. More >>
Feltex receivership ends: ANZ $2.45M out of pocket
Wednesday, 10 April 2013, 5:45 pm | BusinessDesk
April 10 (BusinessDesk) - Failed carpetmaker Feltex's six and a half year receivership is over, and has left its lender Australia & New Zealand Banking Group out of pocket by A$2.45 million plus interest. More >>
NZ dollar holds above 85 US cts
Wednesday, 10 April 2013, 5:27 pm | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar held above 85 US cents in local trading after Chinese import figures were ahead of expectations, raising the nations' trade prospects with the world's second biggest economy. More >>
Carter Holt Australian Building Supplies wears A$264M charge
Wednesday, 10 April 2013, 2:48 pm | BusinessDesk
Carter Holt's Australian Building Supplies unit wears A$264M charge as loss widens in 2012 More >>
GPG agrees to sell stake in property dedeveloper for A$15M
Wednesday, 10 April 2013, 2:25 pm | BusinessDesk
Guinness Peat agrees to sell stake in Australian property developer CIC to Peet for A$15 mln More >>
MIDDAY UPDATE: Tiwai smelter talks resume today
Wednesday, 10 April 2013, 12:05 pm | BusinessDesk
April 10 (BusinessDesk) - Stalled negotiations between state-owned power company Meridian Energy and the owners of the Tiwai Point aluminium smelter resume in Wellington today. More >>
Fletcher executive Worley leaves as Crane brought in-house
Wednesday, 10 April 2013, 11:33 am | BusinessDesk
April 10 (BusinessDesk) - Fletcher Building executive Dave Worley has left the country's biggest listed company after the Crane unit he was responsible for was folded into the parent. More >>
NZ retail spending on electronic cards rises 0.5%
Wednesday, 10 April 2013, 11:16 am | BusinessDesk
NZ retail spending on electronic cards snaps 5 months of gains, falling 0.5% in March More >>
Crunch talks on smelter contract resume in Wellington
Wednesday, 10 April 2013, 9:20 am | BusinessDesk
April 10 (BusinessDesk) - Crucial face-to-face talks between the owners of the Tiwai Point aluminium smelter and its electricity supplier, Meridian Energy, resume in Wellington today, with both sides blocking out the rest of the week, if necessary, ... More >>
NZ dollar rises above 85 US cents as equity markets rise
Wednesday, 10 April 2013, 9:08 am | BusinessDesk
April 10 (BusinessDesk) – The New Zealand dollar rose above 85 US cents for the first time in two months as global equity markets rose, local business confidence improved and Federal Reserve chairman Ben Bernanke gave no hint that quantitative ... More >>
While you were sleeping: Wall Street hits records
Wednesday, 10 April 2013, 7:20 am | BusinessDesk
April 10 (BusinessDesk) – Wall Street advanced, with the Dow Jones Industrial Average sauntering to an intraday record as investors found value in Microsoft, Intel and Cisco. More >>
Opus minorities asked to give up say over capital for JV
Wednesday, 10 April 2013, 7:03 am | BusinessDesk
April 10 (BusinessDesk) – Minority shareholders of NZX-listed engineering consultancy Opus International Consultants will this morning vote on whether to give up having a say on capital the company may pump into a Middle East joint venture with a Malaysian ... More >>
