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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 1220]
NZ property values keep rising in January: QV
Monday, 11 February 2013, 12:59 pm | BusinessDesk
Feb. 11 (BusinessDesk) - New Zealand property values continued to rise in January, though those gains are extending beyond Auckland and Christchurch where limited supply has led to inflated sale prices. More >>
NZ Dollar Outlook: Kiwi may consolidate ahead of retail data
Monday, 11 February 2013, 12:18 pm | BusinessDesk
Feb. 11 (BusinessDesk) – The New Zealand dollar may consolidate in its recent range this week with little important economic data and a looming G-20 meeting where the strength of major currencies may come into focus. More >>
MIDDAY UPDATE: 'Not guilty' pleas from Dominion Finance trio
Monday, 11 February 2013, 12:10 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Three men involved in the failed lender Dominion Finance have pleaded not guilty to fraud charges in the High Court in Auckland today. More >>
NZ card spending growth accelerates in January, Paymark says
Monday, 11 February 2013, 11:23 am | BusinessDesk
Feb. 11 (BusinessDesk) - New Zealanders picked up the pace of spending last month, with the volume and value of transactions increasing at a faster rate than the traditionally busy Christmas period, according to Paymark figures. More >>
Horizon cuts guidance, says Mainzeal losses still to come
Monday, 11 February 2013, 9:05 am | BusinessDesk
Feb. 11 (BusinessDesk) - Eastern Bay of Plenty electricity lines company Horizon Energy has sliced its forecast earnings by a fifth on the cost of regulation and last year's Aquaheat acquisition, and signalled there may be more to come due to ... More >>
NZ dollar buoyed by US trade improvement, stock gains
Monday, 11 February 2013, 9:00 am | BusinessDesk
Feb. 11 (BusinessDesk) – The New Zealand dollar recovered some ground on Friday after figures showed a shrinking US trade deficit and gains on Wall Street helped stoke risk appetite. More >>
World Week Ahead: A yen for Obama
Monday, 11 February 2013, 7:44 am | BusinessDesk
Feb. 11 (BusinessDesk) – Investors will closely eye President Barack Obama's State of the Union address on Tuesday for his take on the economic recovery and the status of negotiations towards lifting the US debt ceiling as he details plans for his second ... More >>
Nick Smith leaps on councils' development charges
Sunday, 10 February 2013, 5:20 pm | BusinessDesk
Feb 10 (BusinessDesk) -Newly appointed Housing Minister Nick Smith has wasted no time on returning to Cabinet with the announcement of a fundamental review of the way local governments charge developers for infrastructure like roading, drainage ... More >>
Ceres’s local unit interested in buying Mainzeal
Friday, 8 February 2013, 6:23 pm | BusinessDesk
Feb. 8 (BusinessDesk) – CeresNZ, the Christchurch-based unit of American firm Ceres Environmental Services, says it has a “strong interest” in buying Mainzeal Property and Construction from the receivers. More >>
MARKET CLOSE: NZ shares gain on Chorus regulatory delay
Friday, 8 February 2013, 5:41 pm | BusinessDesk
Feb. 8 (BusinessDesk) – New Zealand shares rose, led by network company Chorus after the government pushed back draft plans to regulate its prices pending a wider review. Summerset Group rose to a new record on optimism about returns from retirement ... More >>
NZ dollar heads for 1.2% fall for the week as USD rallies
Friday, 8 February 2013, 5:23 pm | BusinessDesk
Feb. 8 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent fall against the greenback over the course of the week after the US currency rallied following a warning from European Central Bank boss Mario Draghi against the strength of the ... More >>
MONEY TALKS: The Beehive's humming a Chorus
Friday, 8 February 2013, 2:50 pm | BusinessDesk
If you were one of those investors who stuck by Chorus after it got a walloping on the prospect of tougher price regulation, you can send your letter of thanks to Telecommunications Minister Amy Adams. She's saved you a bundle. More >>
Hillside trumped in filling KiwiRail orders: Auditor-General
Friday, 8 February 2013, 12:55 pm | BusinessDesk
Feb. 8 (BusinessDesk) – China Northern Locomotive and Rolling Stock Industry Corp easily outbid KiwiRail’s Hillside workshops in tenders to supply new rolling stock, the Auditor-General says in ruling out an investigation of the contracts. More >>
MIDDAY UPDATE: Chorus gets boost from another telco review
Friday, 8 February 2013, 12:07 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Chorus, the former Telecom network unit, got a lift from the government's plans to put threatened price regulation on hold while it takes another look at rules governing the telecommunications sector. More >>
Vibrant fibre market more important than low prices: Adams
Friday, 8 February 2013, 11:36 am | BusinessDesk
Feb. 8 (BusinessDesk) - The lowest price of broadband internet access is less important than ensuring consumers move as quickly as possible to high-speed fibre-based services, says Telecommunications Minister Amy Adams. More >>
Strong demand for inflation linked bonds in 1st sale of 2013
Friday, 8 February 2013, 11:35 am | BusinessDesk
Feb. 8 (BusinessDesk) – Investors offered to buy more than six times the amount of inflation-indexed bonds on offer in the New Zealand Debt Management Office’s first sale of the securities this year. More >>
UDPATE: Wellington Airport says regulator's report flawed
Friday, 8 February 2013, 11:20 am | BusinessDesk
Feb. 8 (BusinessDesk) - Wellington International Airport, which is co-owned by Infratil and Wellington City Council, denies it's extracting excessive profits and says the Commerce Commission has used a flawed model in assessing the transport hub's returns. More >>
Chorus shares jump 12% as Adams delays price controls
Friday, 8 February 2013, 10:41 am | BusinessDesk
Feb 8 (BusinessDesk) - Shares in telecommunications network operator Chorus jumped 12 percent after Communications Minister Amy Adams shunted out threatened price controls until the end of 2015 in a reprieve for the taxpayer-subsidised investors in the ... More >>
Chorus gets reprieve as Adams puts price controls on hold
Friday, 8 February 2013, 9:52 am | BusinessDesk
Feb. 8 (BusinessDesk) - Telecommunications network operator Chorus has been given some breathing space over price regulation of its ageing copper lines after Communications Minister Amy Adams put the regulator’s plans on hold pending a wider review of ... More >>
Wellington Airport extracting 'excessive profits': regulator
Friday, 8 February 2013, 9:12 am | BusinessDesk
Feb. 8 (BusinessDesk) - Wellington International Airport, which is co-owned by Infratil and Wellington City Council, is extracting excessive profits by targeting higher returns than it should, according to the Commerce Commission. More >>
