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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 1199]
NZ dollar dips on concern Cyprus will shoot down EU bailout
Monday, 18 March 2013, 8:54 am | BusinessDesk
March 18 (BusinessDesk) – The New Zealand dollar fell at the open after Cyprus delayed a vote on austerity measures that are part of a 10 billion euro bailout devised by euro zone finance ministers and would result in the island’s depositors losing ... More >>
Pencarrow Private Equity eyes Canterbury opportunities
Monday, 18 March 2013, 7:35 am | BusinessDesk
March 15 (BusinessDesk) - Pencarrow Private Equity, whose past investments have included paper merchant BJ Ball and buggy maker Phil & Teds, is keeping an eye on ways to leverage the $30 billion rebuild of Christchurch having raising $124 million for ... More >>
World Week Ahead: Cyprus threat ahead
Monday, 18 March 2013, 7:32 am | BusinessDesk
March 18 (BusinessDesk) – A much-maligned weekend deal to rescue Cyprus from financial collapse appears set to unravel within days and could renew concerns about the euro zone and its continuing debt crisis. More >>
MARKET CLOSE: NZ shares rise; Sky TV, Xero advance
Friday, 15 March 2013, 6:03 pm | BusinessDesk
March 15 (BusinessDesk) – New Zealand stocks ended the week on a high note, with the NZX 50 Index edging up to a new record, as news the government is adopting cloud computing added to Xero’s rally and investors were drawn to returns on offer in ... More >>
NZ dollar heads for 1.1% weekly drop vs. Aust dollar
Friday, 15 March 2013, 5:26 pm | BusinessDesk
NZ dollar heads for 1.1% weekly drop vs. Aust dollar as trans-Tasman fortunes reverse More >>
MONEY TALKS: From Xero to a billion and beyond
Friday, 15 March 2013, 5:23 pm | BusinessDesk
A couple of years ago Xero boss Rod Drury was rejecting suggestions the local investment community didn’t get the cloud, and you'd be hard-pressed to say they haven't got the message now. More >>
Wrightson parent Agria posts wider 1H loss on impairments
Friday, 15 March 2013, 3:16 pm | BusinessDesk
March 15 (BusinessDesk) – Agria Corp, the Chinese parent of PGG Wrightson, posted a wider first-half loss after taking an impairment against rent it had paid on un-used farmland it leases from village collectives. More >>
RBNZ rate cut would lift inflation to target: McDermott
Friday, 15 March 2013, 12:58 pm | BusinessDesk
March 15 (BusinessDesk) - The Reserve Bank might be able to accelerate inflation to its target 2 percent sooner than expected if it cuts rates, but that would come at the expense of plumping an already bubbling property market, assistant governor ... More >>
Midday Update: Manufacturing on a tear, Xero extends record
Friday, 15 March 2013, 12:40 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand manufacturing expanded for a third month to reach the highest level in a year in February, driven by an accelerating pace of production, though the survey may be picking up some effects of increased stock slaughter ... More >>
Nib Holdings names Abano’s Clarke as chair of Tower Medical
Friday, 15 March 2013, 12:11 pm | BusinessDesk
March 15 (BusinessDesk) - ASX-listed nib holdings has named Abano Healthcare managing director Alan Clarke as chairman of Tower Medical Insurance, the business it acquired from Tower last year for $102 million. More >>
NZ manufacturing climbs to 12-month high as production grows
Friday, 15 March 2013, 11:25 am | BusinessDesk
March 15 (BusinessDesk) – New Zealand manufacturing expanded for a third month to reach the highest level in a year in February, driven by an accelerating pace of production and new orders. More >>
Turners & Growers boss Hipkins leaves firm
Friday, 15 March 2013, 10:55 am | BusinessDesk
March 15 (BusinessDesk) - Turners & Growers chief executive Geoff Hipkins has left the fruit marketer immediately, just one week after the company played down speculation his departure was imminent. More >>
Minister Guy officially declares North Island as dry
Friday, 15 March 2013, 10:36 am | BusinessDesk
March 15 (BusinessDesk) - Primary Industries Minister Nathan Guy has officially declared the a drought to be across the whole of the North Island, opening up access to welfare for farmers stricken by the arid conditions. More >>
NZ dollar claws back some of RBNZ-induced slide
Friday, 15 March 2013, 9:09 am | BusinessDesk
March 15 (BusinessDesk) – The New Zealand dollar clawed back some of yesterday’s central bank-induced slide ahead of manufacturing data today while falling against the pound as some traders deemed Britain’s currency oversold. More >>
While you were sleeping: Jobs data bolster record streak
Friday, 15 March 2013, 7:17 am | BusinessDesk
March 15 (BusinessDesk) – Wall Street advanced, pushing the Dow Jones Industrial Average to another record, as jobless claims posted a surprise drop last week, offering the latest clue that the labour market is gathering strength along with the rest ... More >>
Expat US high-tech leader to head Callaghan Innovation
Thursday, 14 March 2013, 6:09 pm | BusinessDesk
March 14 (BusinessDesk) - The government's flagship innovation vehicle, Callaghan Innovation, will be led by Mary Quin. More >>
MARKET CLOSE: NZ shares rise; FPH gains as kiwi falls
Thursday, 14 March 2013, 5:32 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; F&P Healthcare gains as kiwi falls, Xero at record again More >>
NZ dollar sinks after RBNZ's veiled threat to cut rates
Thursday, 14 March 2013, 5:12 pm | BusinessDesk
NZ dollar sinks after RBNZ's veiled threat to cut rates, drops against Aust dollar on jobs data More >>
RBNZ's new tool kit won't cool Auckland housing
Thursday, 14 March 2013, 3:38 pm | BusinessDesk
RBNZ's new tool kit won't be able to stop rampant Auckland housing market More >>
Solid Energy debt expansion was all its own work: Palmer
Thursday, 14 March 2013, 2:51 pm | BusinessDesk
March 14 (BusinessDesk) - Solid Energy opposed the government's pressure to load more debt on its balance sheet in 2009, but the biggest driver of the $389 million debt that has driven the company into crisis were decisions of its own to invest ... More >>
