Scoop has an Ethical Paywall
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 1227]
Key says high NZ dollar has benefits
Friday, 25 January 2013, 1:18 pm | BusinessDesk
Jan. 25 (BusinessDesk) – While other countries like Japan manage their currencies lower, New Zealand Prime Minister John Key says there are benefits to a strong exchange rate, even as it creates headaches for exporters. More >>
MIDDAY UPDATE: TAG Oil plans 130-plus new Taranaki wells
Friday, 25 January 2013, 12:32 pm | BusinessDesk
Jan 25 (BusinessDesk) - Onshore Taranaki oil explorer TAG Oil is planning more than 130 new onshore wells, with 13 to drilled in 2013 and consents sought for platforms from which another 120 could eventually be drilled. More >>
Govt’s underlying budget deficit better than forecast
Friday, 25 January 2013, 10:35 am | BusinessDesk
Jan. 25 (BusinessDesk) – A month after releasing new budget forecasts, the New Zealand government is tracking above them. More >>
NZ dollar weakens on risk aversion, yen also weak
Friday, 25 January 2013, 9:04 am | BusinessDesk
Jan. 25 (BusinessDesk) – The New Zealand dollar is lower on Friday morning after risk aversion rose on concerns about nuclear testing by North Korea, but it rose against a weak Japanese yen. More >>
While you were sleeping: US jobs, Netflix surprise
Friday, 25 January 2013, 7:33 am | BusinessDesk
Jan 25 (BusinessDesk) – Wall Street moved higher on better-than-expected economic data, while earnings including those of Netflix also surpassed estimates, outweighing the disappointment on Apple's results. More >>
MARKET CLOSE NZ shares edge higher
Thursday, 24 January 2013, 5:55 pm | BusinessDesk
Jan 24 (BusinessDesk) – New Zealand shares rose again as Chinese manufacturing figures rose to a two year high, adding to increasingly positive sentiment about global economic conditions in 2013. More >>
NZ dollar ticks up on Chinese PMI report
Thursday, 24 January 2013, 5:12 pm | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand dollar market gleaned support from a positive purchasing managers' report in China after earlier being reassured by a vote that bought time on the US debt ceiling issue. More >>
Stoush brewing over radical electricity transmission scheme
Thursday, 24 January 2013, 4:18 pm | BusinessDesk
Jan 24 (BusinessDesk) - Major electricity users and most electricity companies are gearing up to challenge a radical new Electricity Plan changing the way they pay for access to the national grid. More >>
Regulation of petrol prices doesn’t work, says expert
Thursday, 24 January 2013, 3:53 pm | BusinessDesk
Jan. 24 (BusinessDesk) – A visiting competition expert says regulating petrol prices doesn't work, and that international attention is now turning to the role refineries play in the industry. More >>
MIDDAY UPDATE: Auditor-General monitoring Novopay
Thursday, 24 January 2013, 12:10 pm | BusinessDesk
Jan 24 (BusinessDesk) - The government's auditor is closely watching the debacle over Novopay, the problem-plagued software being used to pay teachers' salaries, but is holding off on a full inquiry while an independent probe occurs. More >>
Manufacturing flat, according to BNZ – BusinessNZ survey
Thursday, 24 January 2013, 11:55 am | BusinessDesk
Jan. 24 (BusinessDesk) – The property market may be taking off, but there is no sign of the manufacturing sector doing the same, according to the latest BNZ-Business New Zealand Performance of Manufacturing Index. More >>
Fairfax moves more jobs from Australia to NZ
Thursday, 24 January 2013, 11:44 am | BusinessDesk
Jan. 24 (BusinessDesk) – Publisher Fairfax Media is moving more sub-editing work from Australia to New Zealand in a bid to reduce costs. More >>
NZ dollar firms on US vote, traders await Chinese data
Thursday, 24 January 2013, 8:47 am | BusinessDesk
Jan. 24 (BusinessDesk) – The New Zealand dollar firmed slightly on approval of a temporary increase in the US debt ceiling, which came after a mixed session overnight. More >>
While you were sleeping: Temporary relief for US debt
Thursday, 24 January 2013, 7:43 am | BusinessDesk
Jan 24 (BusinessDesk) – Wall Street extended gains after the US House voted in favour of a plan that allows the Treasury to borrow beyond the US$16.4 trillion limit until May 19 to avoid the threat of default. More >>
MARKET CLOSE Positive New Year tone rumbles on
Wednesday, 23 January 2013, 5:51 pm | BusinessDesk
Jan 23 (BusinessDesk) – New Zealand shares eked out another rise as the broadly positive tone since New Year continued, with substantial volumes noted in some key stocks. More >>
NZ dollar gains after weak Aussie inflation figures
Wednesday, 23 January 2013, 5:11 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar firmed against the Australian dollar after a weaker-than-expected inflation report increased the chances of a an official interest rate cut by the Reserve Bank of Australia. More >>
Christchurch rebuild opens door to German wallboard giant
Wednesday, 23 January 2013, 4:36 pm | BusinessDesk
Jan 23 (BusinessDesk) - A $40 million government procurement deal to supply wallboard for the Christchurch rebuild is being used as a way to inject competition into New Zealand's high-cost home building market. More >>
Credit application growth shows NZ economy picking up: Veda
Wednesday, 23 January 2013, 4:03 pm | BusinessDesk
Jan. 23 (BusinessDesk) – Mortgage applications rose nearly 20 percent in December from a year ago and people are also taking out more personal loans, in what personal credit rating agency Veda says proves the economy is recovering. More >>
Ebos kicks tyres on potential acquisitions
Wednesday, 23 January 2013, 3:43 pm | BusinessDesk
Jan. 23 (BusinessDesk) – Ebos Group is progressing a couple of acquisition opportunities after indicating to shareholders last year that it was looking to follow up the successful purchase of Masterpet. More >>
Government sets up fund to get water projects over the line
Wednesday, 23 January 2013, 3:36 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The government is setting up a fund to play a “bridging role” for investments in regional water storage and irrigation projects to facilitate private investment. More >>
