Scoop has an Ethical Paywall
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 1190]
Telecom sets up incubator unit for new services in UFB world
Monday, 8 April 2013, 3:55 pm | BusinessDesk
April 8 (BusinessDesk) - Telecom Corp, the country's biggest telecommunications company, has set up a new incubator-style unit to come up with new services and products that can leverage the shift to an ultra-fast broadband world. More >>
NZ Dollar Outlook: Kiwi may gain, pushing TWI to record
Monday, 8 April 2013, 1:42 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may gain, pushing TWI to record as carry trade seen returning More >>
MIDDAY UPDATE: Kiwi TWI climbs to post-float high
Monday, 8 April 2013, 12:28 pm | BusinessDesk
MIDDAY UPDATE: Kiwi TWI at post-float high as BOJ prints more money, US jobs struggle More >>
NZ dollar reaches 5-yr high vs. yen after BOJ ‘game-changer'
Monday, 8 April 2013, 8:49 am | BusinessDesk
April 8 (BusinessDesk) – The New Zealand dollar rose to a five-year high against the yen following the Bank of Japan’s announcement last week of much greater quantitative and qualitative easing to end deflation and weaken its currency. More >>
World Week Ahead: Weak payrolls lift focus on earnings, FOMC
Monday, 8 April 2013, 7:08 am | BusinessDesk
April 8 (BusinessDesk) – A fresh round of earnings will set the tone for Wall Street after US stocks posted their largest weekly slide of 2013 on mounting evidence the recovery has slowed. More >>
MARKET CLOSE NZX 50 ekes out gain as MRP docs arrive
Friday, 5 April 2013, 6:21 pm | BusinessDesk
April 5 (BusinessDesk) - New Zealand shares rose, led by Port of Tauranga, the commodity port benefiting from dairy and logs. Fletcher Building rebounded, while retirement home operators Ryman Healthcare and Summerset Group were at record closes. More >>
NZ dollar gains vs. yen after new BoJ governor acts
Friday, 5 April 2013, 5:29 pm | BusinessDesk
NZ dollar gains vs. yen after new Bank of Japan governor brings out big guns More >>
NZ dollar gains vs. yen after new BoJ governor acts
Friday, 5 April 2013, 5:29 pm | BusinessDesk
NZ dollar gains vs. yen after new Bank of Japan governor brings out big guns More >>
Sealord’s annual results marred by Argentinian impairment
Friday, 5 April 2013, 4:57 pm | BusinessDesk
April 5 (BusinessDesk) – Sealord, New Zealand’s second-largest fishing company, reported a full-year profit that was dented by a charge against its Argentinian business, where a soaring peso and rampant inflation are driving up costs. More >>
MONEY TALKS: Mighty big reading coming your way
Friday, 5 April 2013, 4:23 pm | BusinessDesk
April 5 (BusinessDesk) - The biggest public share offering is coming our way and the government is keen for every man, woman and child (and possibly their dog) to get their hands on a piece, so forget about any plans you made this weekend, because ... More >>
Govt to raise up to $1.9B in MightyRiverPower share float
Friday, 5 April 2013, 1:38 pm | BusinessDesk
April 5 (BusinessDesk) - Shares in the partial privatisation of state-owned power company MightyRiverPower are expected to be priced between $2.35 and $2.80, with uncertainty about the future of the Tiwai Point aluminium smelter expected to skew ... More >>
Telecom to keep Yahoo! email service after hacking review
Friday, 5 April 2013, 1:06 pm | BusinessDesk
April 5 (BusinessDesk) – Telecom will keep its email relationship with Yahoo! after feedback from customers that they valued the service even after their accounts were hacked this year and malicious emails sent to their contacts. More >>
Elders’ accounts tagged as parent looks to exit ailing unit
Friday, 5 April 2013, 12:44 pm | BusinessDesk
April 5 (BusinessDesk) – Elders Rural Holdings, the unprofitable rural services company, had its annual accounts tagged by its auditor because of uncertainties including its ability to continue to rely on financial support of 50 percent owner Elders Ltd. More >>
MIDDAY UPDATE: Kiwi soars vs. yen as BoJ brings out big guns
Friday, 5 April 2013, 12:13 pm | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar charged to a five-year high against the yen after the Bank of Japan's new governor Haruhiko Kuroda kicked off his term with a plan to pull out all the stops in reigniting the world's third-biggest economy. More >>
Ngai Tahu’s Burt to lead Lyttelton Port board
Friday, 5 April 2013, 11:43 am | BusinessDesk
April 5 (BusinessDesk) - Trevor Burt, who chairs Ngai Tahu's commercial operations, has been elected to lead Lyttelton Port's board, replacing Rodger Fisher who leaves in November. More >>
National Party insider appointed to Takeovers Panel
Friday, 5 April 2013, 11:06 am | BusinessDesk
April 5 (BusinessDesk) - One of the country's most experienced public relations professionals, Tina Symmans, has been appointed to the Takeovers Panel. More >>
Crown operating deficit smaller than forecast
Friday, 5 April 2013, 10:22 am | BusinessDesk
April 5 (BusinessDesk) - The New Zealand government had a smaller operating deficit than expected in the first eight months of the financial year as it took in more income tax and tax from source deductions than it had forecast. More >>
NZX debt security trading dwindles as shares stay on a tear
Friday, 5 April 2013, 10:19 am | BusinessDesk
April 5 (BusinessDesk) - Trading in listed debt securities offering low yields stayed in the doldrums last month, even as shares continued to keep investors keen, according to the stock exchange's monthly update. More >>
CORRECT: Xero doubles annual sales, sees FY loss below $15M
Friday, 5 April 2013, 10:11 am | BusinessDesk
CORRECT: Xero doubles annual sales as customer numbers surge, sees FY loss below $15 mln More >>
Summerset Group 1Q occupation right sales rise 20% vs. 4Q
Friday, 5 April 2013, 9:41 am | BusinessDesk
April 5 (BusinessDesk) - Summerset Group, the retirement village operator and developer whose shares have climbed 78 percent in the past 12 months, said sales of occupation rights to its units rose by a fifth in the first quarter from the fourth quarter ... More >>
