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BusinessDesk - Latest News [Page 1201]

NZ dollar hits 4-year high vs. yen on talk of BOJ easing

Tuesday, 12 March 2013, 5:13 pm | BusinessDesk

NZ dollar hits 4-year high vs. yen as expectations for more BOJ easing grow More >>

NZ house prices rise 7.6% in February

Tuesday, 12 March 2013, 2:37 pm | BusinessDesk

March 12 (BusinessDesk) - New Zealand house prices rose in February, edging back toward the record high set in December and highlighting the heating property market that’s likely to be concerning the central bank. More >>

Foss plans more oversight for financial service providers

Tuesday, 12 March 2013, 1:46 pm | BusinessDesk

March 12 (BusinessDesk) - The government has agreed to stricter monitoring rules for financial service providers, giving regulators the ability to probe deeper into the affairs of firms and block anyone who doesn't pass muster. More >>

MIDDAY UPDATE: Kordia's Orcon up for grabs

Tuesday, 12 March 2013, 12:26 pm | BusinessDesk

March 12 (BusinessDesk) - State-owned Kordia's internet service provider Orcon is up for grabs, with the telecommunications company in talks with potential buyers for several months and likely to make a formal statement in coming weeks. More >>

Buyer interest in Orcon heats up, Kordia says

Tuesday, 12 March 2013, 12:14 pm | BusinessDesk

March 12 (BusinessDesk) - Orcon, the internet service provider owned by state-owned Kordia, has attracted "intensified" buyer interest in recent months and an announcement is expected to be made in "coming weeks". More >>

NZ dollar gains as S&P 500 heads for record high

Tuesday, 12 March 2013, 9:04 am | BusinessDesk

March 12 (BusinessDesk) – The New Zealand dollar rose, and has regained much of the ground shed after the US non-farm payrolls report on Friday, as the Standard & Poor’s 500 Index edged toward a record high, stoking risk sentiment. More >>

While you were sleeping: S&P 500 tiptoes to record

Tuesday, 12 March 2013, 6:58 am | BusinessDesk

March 12 (BusinessDesk) – Global stocks have started the week mixed, with sentiment dampened by concerns about growth in China and the continuing political impasse in Italy. More >>

MARKET CLOSE: NZX 50 Index charts record high again

Monday, 11 March 2013, 5:50 pm | BusinessDesk

March 11 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new record, as investors were attracted by the prospect of continued earnings and dividend growth and tech companies Diligent Board Member Services and Xero continued ... More >>

South Canterbury five to stand trial in High Court next year

Monday, 11 March 2013, 5:47 pm | BusinessDesk

March 11 (BusinessDesk) - The five former directors and executives of failed Timaru lender South Canterbury Finance will stand trial in the High Court next February after losing a bid to keep the hearing in the district court. More >>

NZ dollar may fall as greenback strengthens, drought weighs

Monday, 11 March 2013, 5:16 pm | BusinessDesk

March 11 (BusinessDesk) - The New Zealand dollar may fall with the greenback expected to blossom on the strength of last weeks' jobs report, and as drought looks set to hold back the local economic recovery. More >>

Diligent shrugs shoulders over soaring shares, volumes

Monday, 11 March 2013, 3:13 pm | BusinessDesk

March 11 (BusinessDesk) - Diligent Board Member Services, which reported an almost trebling of annual profit earlier this month, can't explain a surge in its share price and hefty trading volumes in recent days. More >>

UPDATE: NZ banks face class suit over $1 bln in default fees

Monday, 11 March 2013, 2:22 pm | BusinessDesk

March 11 (BusinessDesk) - The country's registered banks have been accused of overcharging 1 million kiwis to the tune of $1 billion in default fees claimed by lenders over the past six years and face what's being billed as New Zealand's biggest class action. More >>

NZ Dollar Outlook: Kiwi may fall as greenback shines

Monday, 11 March 2013, 2:18 pm | BusinessDesk

March 11 (BusinessDesk) – The New Zealand dollar may fall this week, extending its decline in New York on Friday when US employment data added to signs the world’s largest economy is reviving. More >>

Wellington Drive raises $4M in placement

Monday, 11 March 2013, 12:31 pm | BusinessDesk

March 11 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, raised $4 million in a placement to institutions, managers and existing investors such as SuperLife Investments. The stock jumped when it came ... More >>

MIDDAY UPDATE: Banks face battle with law firms over fees

Monday, 11 March 2013, 12:16 pm | BusinessDesk

March 11 (BusinessDesk) - The country's major lenders are set to do battle with three of the biggest Australasian law firms over $1 billion in fees charged on fees for missed and late payments. More >>

QBE settles with former manager Craig Anderson over Herbert

Monday, 11 March 2013, 11:30 am | BusinessDesk

March 11 (BusinessDesk) - QBE Insurance (International), a unit of Australia's biggest insurer, has settled its battle with former executive Craig Anderson over a $1.5 million liability the firm feared would arise from underwriting business to the failed ... More >>