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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 1197]
APEC-wide deal on e-commerce tax avoidance proposed
Thursday, 21 March 2013, 10:39 am | BusinessDesk
March 21 (BusinessDesk) - A new kind of international pact to ensure taxes and customs duties are collected on goods bought online is proposed in new research by Victoria University's New Zealand Institute for the Study of Competition and Regulation. More >>
Flannagan to leave Tower after strategic review, asset sales
Thursday, 21 March 2013, 10:29 am | BusinessDesk
March 21 (BusinessDesk) – Rob Flannagan is to step down as managing director of Tower following the completion of the listed insurer’s strategic review and sale of its health and investment units. More >>
Flannagan to leave Tower after strategic review, asset sales
Thursday, 21 March 2013, 10:29 am | BusinessDesk
March 21 (BusinessDesk) – Rob Flannagan is to step down as managing director of Tower following the completion of the listed insurer’s strategic review and sale of its health and investment units. More >>
NZ dollar steady before GDP, slips vs. euro
Thursday, 21 March 2013, 9:00 am | BusinessDesk
March 21 (BusinessDesk) – The New Zealand dollar was little changed against the greenback ahead of figures forecast to show the economy picked up pace in the fourth quarter. It dropped against the euro on speculation may provide aid as an alternative ... More >>
While you were sleeping: Wall Street regains momentum
Thursday, 21 March 2013, 7:21 am | BusinessDesk
March 21 (BusinessDesk) – As Cyprus continued its efforts to seek financial help that will prevent its bankruptcy, investors turned their focus toward positive news from companies including Lennar and Adobe. More >>
MARKET CLOSE: NZ shares gain as Xero charts new record
Wednesday, 20 March 2013, 5:49 pm | BusinessDesk
March 20 (BusinessDesk) – New Zealand shares rose, led by cloud-based accounting firm Xero, which added another $100 million to its market value to reach a new record while Sky Network Television rose to the highest in almost two years. More >>
NZ dollar falls on wider current account gap, Cyprus impasse
Wednesday, 20 March 2013, 5:07 pm | BusinessDesk
March 20 (BusinessDesk) – The New Zealand dollar extended its slide after figures showed the current account deficit widened more than expected in the fourth quarter and the bailout impasse in Cyprus kept the US dollar well bid. More >>
Update: GDT dairy volumes sink to 2-year low
Wednesday, 20 March 2013, 1:46 pm | BusinessDesk
March 20 (BusinessDesk) – The volume of dairy products offered in the latest GlobalDairyTrade auction fell to the lowest level in almost two years as drought in the North Island curbed milk production. More >>
Dairy product volumes fall to 2-year low at latest GDT sale
Wednesday, 20 March 2013, 1:13 pm | BusinessDesk
March 20 (BusinessDesk) – The volume of dairy products offered in the latest GlobalDairyTrade auction fell to the lowest level in almost two years as drought in the North Island curbed milk production. More >>
Auckland Airport, Warehouse back plan to boost director pool
Wednesday, 20 March 2013, 12:43 pm | BusinessDesk
March 20 (BusinessDesk) –Auckland International Airport and Warehouse Group are backing a scheme to deepen the pool of directors in New Zealand and up skill a new generation of business people. More >>
NZ current account gap widens on lower dairy, oil, tourism
Wednesday, 20 March 2013, 10:55 am | BusinessDesk
March 20 (BusinessDesk) - New Zealand's current account deficit widened more than anticipated in the three months to Dec. 31, clocking in at $10.5 billion for the 2012 calendar year, or 5 percent of gross domestic product. More >>
NZ dollar falls as Cyprus rejects bank tax
Wednesday, 20 March 2013, 9:18 am | BusinessDesk
March 20 (BusinessDesk) – The New Zealand dollar fell against the greenback and gained against the euro after the Cyprus parliament rejected a bank tax proposed as part of a European Union bailout, leaving the rescue plan in disarray and denting ... More >>
Dairy product prices soar 14.8% to 2-year high on drought
Wednesday, 20 March 2013, 7:32 am | BusinessDesk
March 20 (BusinessDesk) – Prices of dairy products surged to the highest in two years in Fonterra's latest GlobalDairyTrade auction as drought curtails production in the North Island. The GDT-TWI Price Index rose 14.8 percent compared to the last ... More >>
While you were sleeping: Cyprus outweighs US housing
Wednesday, 20 March 2013, 6:53 am | BusinessDesk
March 20 (BusinessDesk) – Concern about Europe's squabbling over a palatable plan to save Cyprus from financial collapse weighed on Wall Street, even as the latest US housing data showed further signs of a sustainable recovery in the industry. More >>
MARKET CLOSE Late rally as NZ shares beat global gloom
Tuesday, 19 March 2013, 6:21 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand shares rallied late in the day, after suffering from the same negative sentiment induced in other overseas markets by the banking crisis in Cyprus. The NZX 50 Index rose 4.016 points, or 0.093 percent, to 4,345.040 ... More >>
NZ dollar little changed as RBA minutes confirm rate views
Tuesday, 19 March 2013, 5:27 pm | BusinessDesk
March 19 (BusinessDesk) – The New Zealand dollar was little changed after the Reserve Bank of Australia released minutes of its last policy meeting, giving little further in the way of clues to its interest rate intentions. More >>
GPG hires broker to promote standalone Coats
Tuesday, 19 March 2013, 5:12 pm | BusinessDesk
March 19 (BusinessDesk) - Guinness Peat Group has hired a London-based brokerage to promote Coats as a standalone business and begun the search for a chairman for what will be its remaining asset. More >>
Smart washers spur review of government’s $23B ICT survey
Tuesday, 19 March 2013, 3:07 pm | BusinessDesk
March 19 (BusinessDesk) – The spread of computer chips into products as diverse as washing machines, toasters and medical equipment is forcing Statistics New Zealand to overhaul its biennial technology survey. More >>
CORRECTION: Gull takes Customs to Supreme Court
Tuesday, 19 March 2013, 3:07 pm | BusinessDesk
CORRECTION: Gull to appeal Customs decision to Supreme Court (Second paragraph of original story alleging butane "watered down" petrol removed, not accurate) More >>
SMELLIE ON SME'S: Are things a little better?
Tuesday, 19 March 2013, 2:58 pm | BusinessDesk
March 19 (BusinessDesk) - Two significant pieces of regular research by credit agency Dun & Bradstreet and accounting software provider MYOB have landed in the last week, suggesting small and medium-sized business owners are feeling better about ... More >>
