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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 1219]
MARKET CLOSE: NZ shares fall, led by OceanaGold
Tuesday, 12 February 2013, 5:50 pm | BusinessDesk
Feb. 12 (BusinessDesk) – New Zealand shares fell, paced by gold miner OceanaGold and casino operator Sky City Entertainment Group ahead of their earnings this week. Turners Auctions rose after meeting guidance and lifting its dividend. More >>
NZ dollar sheds gains amid reports of North Korean nuke test
Tuesday, 12 February 2013, 5:23 pm | BusinessDesk
Feb. 12 (BusinessDesk) - The New Zealand dollar shed gains in local trading amid fears seismic activity in North Korea may be the result of nuclear testing, a prospect likely to spook investors. More >>
Tichbon, Strahl among members of Ross Asset committee
Tuesday, 12 February 2013, 3:45 pm | BusinessDesk
Feb. 12 (BusinessDesk) – Bruce Tichbon, who set up the support group for investors in the failed Ross Asset Management, and former commercial lawyer John Strahl are among those named to a liquidation committee set to meet this month. More >>
Telecom threatens to drop Yahoo as email service provider
Tuesday, 12 February 2013, 2:51 pm | BusinessDesk
Feb 12 (BusinessDesk) - Telecom has put its email service provider Yahoo! on notice after what one executive says is a service that has left Telecom running no more than "a very expensive customer complaints service." More >>
MIDDAY UPDATE: Musical chairs for govt number crunchers
Tuesday, 12 February 2013, 12:07 pm | BusinessDesk
Feb. 12 (BusinessDesk) - The government's top two financial advisers and its department that counts up all the numbers have had a shake around today with three new appointments on the Treasury board and the head of Statistics New Zealand joining the Reserve ... More >>
NZ guest nights rise in December on demand from foreigners
Tuesday, 12 February 2013, 11:31 am | BusinessDesk
Feb. 12 (BusinessDesk) - New Zealand guest nights rose to a six-month high in the final month of 2012 as international visitors filled local accommodation in Auckland, Canterbury and Otago. More >>
NZ card spending rises 0.3 percent in January
Tuesday, 12 February 2013, 11:23 am | BusinessDesk
Feb. 12 (BusinessDesk) – New Zealanders lifted spending on their credit, debit and charge cards last month, led by consumables such as food and liquor, and fuel. More >>
Turners Auctions FY profit rises 14% on sales growth
Tuesday, 12 February 2013, 11:18 am | BusinessDesk
Feb. 12 (BusinessDesk) - Turners Auctions, the country's biggest auction house, boosted annual profit 14 percent as it lifted car sales. The company said it is holding off making a special return while it looks at "growth opportunities." More >>
NZ house prices slip from record in January, volume dips
Tuesday, 12 February 2013, 10:35 am | BusinessDesk
Feb. 12 (BusinessDesk) - New Zealand house prices eased from a record last month while the volume of sales had a seasonal dip compared to December, according to the Real Estate Institute. More >>
Chief statistician Bascand to leave for RBNZ after census
Tuesday, 12 February 2013, 10:33 am | BusinessDesk
Feb. 12 (BusinessDesk) - The government's chief statistician, Geoff Bascand, will leave Statistics New Zealand in May to take up a senior role at the Reserve Bank of New Zealand. More >>
Chief statistician to leave after census
Tuesday, 12 February 2013, 10:30 am | BusinessDesk
Feb 12 (BusinessDesk) - The government's chief statistician, Geoff Bascand, will leave Statistics New Zealand in May to take up a senior role at the Reserve Bank of New Zealand. More >>
Norris, Dewes join Treasury board
Tuesday, 12 February 2013, 9:24 am | BusinessDesk
Feb 12 (BusinessDesk) - Former head of the Commonwealth Bank of Australia, Sir Ralph Norris, and prominent Maori professional director Whaimutu Dewes have been appointed to the board of the Treasury. More >>
NZ dollar gains on Kuroda’s comments, Weidmann view on euro
Tuesday, 12 February 2013, 9:08 am | BusinessDesk
Feb. 12 (BusinessDesk) – The New Zealand dollar rose against most of its trading peers after a contender for Bank of Japan chief said he favoured more stimulus and after Bundesbank chief Jens Weidmann scotched comments that the euro is overvalued. More >>
While you were sleeping: It's about the economy, stupid
Tuesday, 12 February 2013, 7:41 am | BusinessDesk
Feb 12 (BusinessDesk) – All eyes are on President Barack Obama's annual State of the Union address, the first in his second term in office, Tuesday evening. More >>
MARKET CLOSE: NZ shares fall ahead of earnings
Monday, 11 February 2013, 5:43 pm | BusinessDesk
Feb. 11 (BusinessDesk) – New Zealand shares fell on a day when holidays in Asia kept markets quiet and as investors ponder whether earnings will match bullish expectations. SkyCity Entertainment Group and Fletcher Building led the decline. More >>
NZ dollar falls as Australian home lending declines
Monday, 11 February 2013, 5:31 pm | BusinessDesk
Feb. 11 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart lower after official figures showed home lending shrank across the Tasman in December, in another sign of a slowing economy for New Zealand's biggest trading partner. More >>
'Handful' of buyers lining up for Mainzeal, says receiver
Monday, 11 February 2013, 4:19 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Receivers for collapsed construction firm Mainzeal Property and Construction say they are entertaining approaches from "a handful" of would-be buyers for either the whole firm or individual projects within it. More >>
Jevic succeeds in takeover of VINZ after upping its offer
Monday, 11 February 2013, 3:58 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Jevic New Zealand, the vehicle inspection firm, has won control of rival Vehicle Inspection New Zealand after upping its offer last month and winning support of the target’s directors. More >>
Lender runs out of patience, seeks repayment from Allied
Monday, 11 February 2013, 2:32 pm | BusinessDesk
Feb. 11 (BusinessDesk) – Allied Farmers says it won’t be able to repay a $500,000 loan without support from its secured lender and may have to write off the asset it had planned to sell to make the payment. More >>
JB Hi-Fi 1H NZ sales fall 6% after RWC boom; profit gains
Monday, 11 February 2013, 2:31 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Australian discount consumer electronics chain JB Hi-Fi's New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup, though it still managed to lift profit. More >>
