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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 1192]
NZ dollar gains after weak euro-zone, UK data
Wednesday, 3 April 2013, 9:14 am | BusinessDesk
NZ dollar gains after weak euro-zone, UK data; seen capped at 84.50 US cts More >>
While you were sleeping: US factory orders, health care
Wednesday, 3 April 2013, 7:46 am | BusinessDesk
April 3 (BusinessDesk) – Wall Street advanced as solid economic data and a sigh of relief for the health care industry underpinned sentiment. More >>
Dairy prices rise 14.2% to record as drought shrinks volumes
Wednesday, 3 April 2013, 7:38 am | BusinessDesk
April 3 (BusinessDesk) – Prices of dairy products surged to a record in Fonterra's latest GlobalDairyTrade auction as traders competed for a shrinking volume of milk powder in the face of the continuing impact of drought. More >>
MARKET CLOSE: NZ shares fall; Smelter standoff hurts Contact
Tuesday, 2 April 2013, 6:00 pm | BusinessDesk
April 2 (BusinessDesk) – New Zealand shares fell as investors fretted the standoff between Rio Tinto and the government over the price of electricity to the Bluff smelter could see the plant closed, denting power demand and hurting profits at Contact Energy. More >>
NZ dollar climbs above 84 US cts after RBA keeps rate at 3%
Tuesday, 2 April 2013, 5:34 pm | BusinessDesk
NZ dollar climbs above 84 US cts after RBA keeps rate at 3%, says more scope to cut More >>
RBA keeps key rate unchanged, repeats view on scope to ease
Tuesday, 2 April 2013, 5:12 pm | BusinessDesk
Reserve Bank of Australia keeps key rate unchanged, repeats view it has scope for easing More >>
Bathurst Resources to reincorporate as NZ company
Tuesday, 2 April 2013, 1:51 pm | BusinessDesk
April 2 (BusinessDesk) - Bathurst Resources, the West Australia-based company that gained tentative approval for its Escarpment coal mine on the West Coast's Denniston Plateau last month, plans to reincorporate as a New Zealand company. More >>
NZ commodity prices surge 7.4% in March, led by jump in WMP
Tuesday, 2 April 2013, 1:30 pm | BusinessDesk
NZ commodity prices surge 7.4% in March, led by jump in whole milk powder More >>
MIDDAY UPDATE: Key calls bluff on Rio Tinto smelter
Tuesday, 2 April 2013, 12:34 pm | BusinessDesk
April 2 (BusinessDesk) - Prime Minister John Key is calling Rio Tinto's bluff over the Tiwai Point smelter, saying the government has walked away from negotiations after the global mining giant spurned a short-term subsidy to keep the plant open. More >>
NZ employment confidence turns positive
Tuesday, 2 April 2013, 11:54 am | BusinessDesk
April 2 (BusinessDesk) – New Zealand households’ employment confidence turned positive for the first time since the third quarter of 2011, as Canterbury and Auckland dragged up an otherwise gloomy nation. More >>
NorthWest looks to boost Vital Healthcare stake to 25%
Tuesday, 2 April 2013, 11:52 am | BusinessDesk
April 2 (BusinessDesk) - Canadian investor NorthWest International Healthcare Properties Real Estate Investment Trust plans to lift its stake in Vital Healthcare Property Trust to just under a quarter over the coming 12 months. More >>
Key calls Rio Tinto's bluff on smelter power price
Tuesday, 2 April 2013, 11:15 am | BusinessDesk
April 2 (BusinessDesk) - Prime Minister John Key has called Anglo-American mining giant Rio Tinto's bluff, saying the government will offer no more than the short-term subsidy offered last week to keep the Tiwai Point aluminium smelter open. More >>
KiwiRail to shutter Coastal Pacific service during winter
Tuesday, 2 April 2013, 10:32 am | BusinessDesk
April 2 (BusinessDesk) – KiwiRail, the state-owned railway, will close its Coastal Pacific train service between Picton and Christchurch for the winter months to stem losses running at $3 million a year. More >>
Emulex to mop up remaining Endace shares
Tuesday, 2 April 2013, 10:32 am | BusinessDesk
April 2 (BusinessDesk) - Emulex Corp, the US computer network provider, will mop up the remaining shares in New Zealand-based, London AIM exchange-listed Endace after crossing the threshold to enforce compulsory acquisition in its fourth extension ... More >>
Yashili gets OIO approval to build $212M Pokeno dairy plant
Tuesday, 2 April 2013, 10:10 am | BusinessDesk
April 2 (BusinessDesk) - Yashili International Holdings, which makes and distributes infant milk formula products in China, has got Overseas Investment Office approval for its proposed 1.1 billion yuan ($212 million) milk processing plant in Pokeno. More >>
Kathmandu boss Halkett on leave after surgery complications
Tuesday, 2 April 2013, 10:08 am | BusinessDesk
April 2 (BusinessDesk) – Kathmandu managing director Peter Halkett will take up to three months of extended leave to recuperate from a severe infection, the outdoor equipment retailer says. More >>
NZ dollar gains as US manufacturing disappoints, RBA looms
Tuesday, 2 April 2013, 9:01 am | BusinessDesk
April 2 (BusinessDesk) – The New Zealand dollar rose against the greenback after a measure of US manufacturing printed weaker than expected and as traders await the Reserve Bank of Australia’s policy review, which may retain scope to cut interest ... More >>
World Week Ahead: US jobs, ECB, BOJ
Tuesday, 2 April 2013, 6:51 am | BusinessDesk
April 2 (BusinessDesk) – Wall Street declined, sending the Standard & Poor’s 500 Index down from its record high close on Thursday, after the latest headline manufacturing data fell short of expectations. More >>
Mad Butcher flags 7 cents divvy in 2014, none for this year
Thursday, 28 March 2013, 6:20 pm | BusinessDesk
March 28 (BusinessDesk) - The Mad Butcher franchise business expects to pay a dividend of 7 cents per share in 2014, though nothing will be available in the current financial year. More >>
Meridian on Rio Tinto: We're not dealing with Grandma
Thursday, 28 March 2013, 6:07 pm | BusinessDesk
March 29 (BusinessDesk) - Even before the Tiwai Point aluminium smelter opened in 1972, it was the subject of the same controversy now playing out. More >>
