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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 1226]
Sellers knock NZ dollar lower in overnight trading
Tuesday, 29 January 2013, 8:57 am | BusinessDesk
Jan. 29 (BusinessDesk) – The New Zealand dollar got a kicking in overnight trading but looked to be getting up off the floor this morning. More >>
While you were sleeping: Wall Street pauses
Tuesday, 29 January 2013, 7:34 am | BusinessDesk
Jan 29 (BusinessDesk) – Wall Street eased off five-year highs as investors were looking for more evidence that corporate earnings can justify continued optimism. More >>
MARKET CLOSE Fonterra holds up as NZX50 cracks 4,200
Monday, 28 January 2013, 6:02 pm | BusinessDesk
Jan 28 (BusinessDesk) - New Zealand shares rose again today, cracking through the 4,200 mark on the NZX50 Index of leading stocks, as Fonterra fought a global media blitz to allay concerns about the safety of New Zealand milk. More >>
Kiwi treads water in holiday trade ahead of OCR review
Monday, 28 January 2013, 5:07 pm | BusinessDesk
Jan. 28 (BusinessDesk) – The New Zealand dollar was mixed in a holiday-affected session on Monday ahead of the official cash rate review on Thursday. More >>
Fonterra CEO flays O'Connor's milk taint talk
Monday, 28 January 2013, 4:04 pm | BusinessDesk
Jan 28 (BusinessDesk) - Fonterra chief executive Theo Spierings has torn strips off Labour agriculture spokesman Damien O'Connor for, he says, endangering the whole of the New Zealand dairy industry with "drastic" allegations relating to ... More >>
Opposition hears manufacturers' calls for lower dollar
Monday, 28 January 2013, 12:43 pm | BusinessDesk
Jan 28 (BusinessDesk) - An Opposition party inquiry into the manufacturing sector heard from a cross-section of exporters at Parliament this morning, all of whom argued a lower exchange rate was more important to them than any specific government support ... More >>
Services sector sluggish at year end
Monday, 28 January 2013, 12:38 pm | BusinessDesk
Jan 28 (BusinessDesk) - The services sector is treading water, with the latest BNZ-Business New Zealand Performance of Services Index falling 2.7 points to 51.5 in December from its November levels, which in turn were 3.6 points down on October's outcome. More >>
MIDDAY REPORT: Fonterra units lose 9 cents after DCD scare
Monday, 28 January 2013, 12:32 pm | BusinessDesk
Jan 28 (BusinessDesk) - Fonterra Shareholders Fund units have slipped 1.24 percent in value, or 9 cents per unit, in trading on the NZX this morning, following international media attention on the discovery of minor traces of a nitrogen inhibitor in milkpowder ... More >>
Fonterra units hold up in early trading, despite DCD scare
Monday, 28 January 2013, 10:16 am | BusinessDesk
Jan 28 (BusinessDesk) - Fonterra Shareholders Fund units took a small, immediate knock as trading opened on the NZX this morning after a weekend in which international media latched onto the news that small traces of a nitrate inhibitor had been found ... More >>
New Zealand dollar mixed in holiday-reduced trade
Monday, 28 January 2013, 9:43 am | BusinessDesk
Jan. 28 (BusinessDesk) – The New Zealand dollar was firm during the weekend but started drifting off on Monday with trading reduced by holidays in Auckland and Australia. More >>
World Week Ahead: US data drop to set the tone
Monday, 28 January 2013, 8:05 am | BusinessDesk
Jan 28 (BusinessDesk) – Investors will look to corporate earnings, jobs data and a meeting of US Federal Reserve policy makers for further clues that the world's largest economy is recovering at a stronger-than-anticipated pace. More >>
Shearer outlines 'hands-on' policy-making push
Sunday, 27 January 2013, 5:22 pm | BusinessDesk
Jan 27 (BusinessDesk) - Labour Party leader David Shearer announced no new policy today in a much-hyped 'state of the nation' speech, but outlined a series of policy-making initiatives in 2013 for a new "hands-on" approach, including to "develop ... More >>
MARKET CLOSE NZ stocks end week on new high
Friday, 25 January 2013, 6:51 pm | BusinessDesk
Jan 25 (BusinessDesk) - New Zealand shares rose again to create a new high for the NZX50 Index, which is hovering just below the 4,200 mark, and close still to a 1,000 point index rise in 12 months. More >>
NZ dollar strong against weak yen
Friday, 25 January 2013, 5:19 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The New Zealand dollar was firm against a weak yen on a day in which Prime Minister John Key noted the benefits of a strong currency and economists reiterated that it will be strong for much of 2013. More >>
Fonterra CFO announces retirement
Friday, 25 January 2013, 3:48 pm | BusinessDesk
Jan 25 (BusinessDesk) - One of the chief architects of Fonterra's successfully launched listed units, chief financial officer Jonathan Mason, is to leave the co-operative. More >>
Delegats expands in Hawke’s Bay
Friday, 25 January 2013, 2:57 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Consolidation in the wine-making industry is continuing with Delegat's Group paying $8.5 million for the vineyard and winery assets of Matariki Wines and Stony Bay Wines, which are in receivership. More >>
Jevic ups VINZ offer, government policy affects valuation
Friday, 25 January 2013, 2:48 pm | BusinessDesk
Jan 25 (BusinessDesk) - Vehicle inspectors Jevic New Zealand has upped its offer for all the shares of Vehicle Inspection New Zealand (VINZ) to a level that has won approval of directors who can’t see a competing offer eventuating. More >>
Key warns councils to free up land for housing or else
Friday, 25 January 2013, 2:02 pm | BusinessDesk
Jan 25 (BusinessDesk) - The government will intervene to free up land for housing unless local governments, especially Auckland, plan to do so themselves, Prime Minister John Key said today in his state of the nation speech in Auckland. More >>
Herald purchase didn’t stack up for Sir Owen Glenn
Friday, 25 January 2013, 1:59 pm | BusinessDesk
Jan 25 (BusinessDesk) -Multi-millionaire philanthropist Sir Owen Glenn was given the opportunity to bid for The New Zealand Herald last year but decided not to proceed. More >>
Herald purchase didn’t stack up for Sir Owen Glenn
Friday, 25 January 2013, 1:43 pm | BusinessDesk
Jan 25 (BusinessDesk) –Multi-millionaire philanthropist Sir Owen Glenn was given the opportunity to bid for The New Zealand Herald last year but decided not to proceed. More >>
