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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.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 1228]

Forex trader charged over alleged thefts, cover-up

Wednesday, 23 January 2013, 1:05 pm | BusinessDesk

Jan 23 (BusinessDesk) - An Auckland foreign exchange trader is facing 15 charges of theft, dishonesty and false statements ina case involving the alleged misappropriation of $837,046 for personal use and mis-statement of clients' financial positions by ... More >>

MIDDAY UPDATE: Alleged forex scam leads to criminal charges

Wednesday, 23 January 2013, 12:52 pm | BusinessDesk

Jan 23 (BusinessDesk) - The Serious Fraud Office has laid criminal charges against an Auckland foreign exchange dealer whose alleged offending bears similarities to that of David Ross, whose Ross Asset Management declared false income gains to clients ... More >>

Comvita buys Aussie groves to expand olive extract output

Wednesday, 23 January 2013, 11:27 am | BusinessDesk

Jan 23 (BusinessDesk) - Comvita, which uses produces health products from manuka honey and olive leaves, has bought an 85 hectare organic olive estate with potential to expand its production of olive leaf extracts by 130 percent over the next five ... More >>

NZ dollar firm as focus turns to Australian CPI data

Wednesday, 23 January 2013, 8:51 am | BusinessDesk

Jan. 23 (BusinessDesk) – The New Zealand dollar is firmer ahead of Australian inflation data and after the Bank of Japan came out with an open-ended stimulus programme. More >>

While you were sleeping: US earnings hopes

Wednesday, 23 January 2013, 7:49 am | BusinessDesk

Jan 23 (BusinessDesk) – Wall Street advanced amid optimism that quarterly corporate earnings will continue to surpass modest expectations. More >>

NZ Super Fund returns nearly 20 percent in 2012

Tuesday, 22 January 2013, 7:00 pm | BusinessDesk

Jan 22 (BusinessDesk) - Investment returns from the New Zealand Superannuation Fund, the country's main savings vehicle to fund public pension entitlements, came in at 19.17 percent in the 12 months to Dec. 31, the fund's guardians report. More >>

MARKET CLOSE Late rally as Bank of Japan acts

Tuesday, 22 January 2013, 5:52 pm | BusinessDesk

Jan 22 (BusinessDesk) – New Zealand stocks eased slightly until a late rally, in line with cautious sentiment across the Asian region ahead of a crucial Bank of Japan decision to loosen monetary policy, announced just before 5pm local time. More >>

NZ dollar up on most currencies as Japan announces stimulus

Tuesday, 22 January 2013, 5:49 pm | BusinessDesk

Jan. 22 (BusinessDesk) - The New Zealand dollar rose during the local trading day as market-watchers across Asia waited for a crucial Japanese monetary policy decision. More >>

SFO's Hawkins Construction probe ends without charges

Tuesday, 22 January 2013, 4:12 pm | BusinessDesk

Jan 22 (BusinessDesk) -The Serious Fraud Office (SFO) has walked away from an investigation of Hawkins Construction while claiming there were some "unusual" aspects to contracts in a project for state-owned Transpower. More >>

Kordia chief executive departs in March

Tuesday, 22 January 2013, 3:41 pm | BusinessDesk

Jan.22 (BusinessDesk) - State-owned communications company Kordia says chief executive Geoff Hunt is leaving at the end of March. More >>

SMELLIE ON SME's: Online shoppers exposed

Tuesday, 22 January 2013, 3:40 pm | BusinessDesk

Jan. 21 (BusinessDesk) - This column talked last week about the growing importance of understanding and harnessing mobile technology for business success. More >>

MIDDAY UPDATE: New faces in Cabinet as Key wields axe

Tuesday, 22 January 2013, 1:23 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Prime Minister John Key has brought two new faces to his Cabinet, given a big boost to junior Minister Simon Bridges, and sacked two Ministers from the energy, housing, labour and conservation portfolios. More >>

Clifford Bay hots up as issue as investigation gears up

Tuesday, 22 January 2013, 12:31 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Marlborough's mayor is hoping meetings early this year will shed light on why the government is seriously considering a $422 million ferry terminal at Clifford Bay which will knock the economy of Picton. More >>

Two sackings in reshuffle; Smith back; Bridges, Kaye winners

Tuesday, 22 January 2013, 12:28 pm | BusinessDesk

Jan 22 (BusinessDesk) - Prime Minister John Key welcomed Nick Smith back into the Cabinet in a reshuffle in which he has also sacked the Labour and Conservation Minister, Kate Wilkinson, and Energy and Housing Minister Phil Heatley. He also relieved Associate ... More >>

NZ dollar trades in narrow range, focus on Bank of Japan

Tuesday, 22 January 2013, 9:26 am | BusinessDesk

Jan. 22 (BusinessDesk) - The New Zealand dollar was trading in a narrow range as traders waited for direction on Japanese monetary police and for US markets to gear up again after the Martin Luther King holiday. More >>

While you were sleeping: Germany's signs of recovery

Tuesday, 22 January 2013, 7:54 am | BusinessDesk

Jan 22 (BusinessDesk) – Equities in Europe advanced as Germany's central bank said the nation's economy is showing signs of recovery in the first quarter of the year. More >>

MARKET CLOSE NZ stocks resume positive tone

Monday, 21 January 2013, 5:53 pm | BusinessDesk

Jan 21 (BusinessDesk) - New Zealand stocks regained their positive tone today, with gentle rises across the board in light trading, affected by Wellington Anniversary Day and subdued global markets owing to the Martin Luther King long weekend in the ... More >>