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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 1232]
World Week Ahead: US bank earnings in focus
Monday, 14 January 2013, 8:33 am | BusinessDesk
Jan 14 (BusinessDesk) – US fourth-quarter earnings season picks up speed in the coming days with some of the major banks reporting. More >>
Fonterra's dairy trumps Cavalier's wool in NZX 50 reshuffle
Friday, 11 January 2013, 5:47 pm | BusinessDesk
Jan. 11 (BusinessDesk) - The Fonterra Shareholders' Fund, whose units soared 26 percent on their first day of trading, will tip wool carpetmaker Cavalier Corp out of the benchmark NZX 50 index this month. More >>
MARKET CLOSE: NZ shares rise for fifth session, led by SKL
Friday, 11 January 2013, 5:41 pm | BusinessDesk
Jan. 11 (BusinessDesk) – New Zealand shares rose for a fifth straight session, as the local market continued to bask in its status as relatively high yielding in an economy that’s growing modestly. Skellerup Holdings and Cavalier led gainers ... More >>
NZ dollar heads for 1.3% weekly gain on China, Euro outlook
Friday, 11 January 2013, 5:27 pm | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent weekly gain against the greenback after better-than-expected Chinese trade figures and an upbeat European Central Bank sapped demand for the world's reserve currency. More >>
MONEY TALKS: The nonsense of crystal-ball gazing
Friday, 11 January 2013, 1:31 pm | BusinessDesk
Around this time of year many pundits like to pretend they know the rub of a thing or two and will put their proverbials on the block with some fool-hardy predictions of what's to come. More >>
MIDDAY UPDATE: More Chinese dairy investors coming to NZ
Friday, 11 January 2013, 12:03 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Another Chinese dairy investor is coming to New Zealand with some $210 million to build a new milk processing plant. More >>
China's Yashili plans $210M milk operation in NZ
Friday, 11 January 2013, 10:26 am | BusinessDesk
China's Yashili International to set up shop in NZ with $210M milk processing operation More >>
Michael Hill says Christmas trading missed forecasts
Friday, 11 January 2013, 9:24 am | BusinessDesk
Jan. 11 (BusinessDesk) – Michael Hill International, the jewellery chain that bears its founder’s name, said sales growth stalled in the second quarter, which limited earnings growth in the first half of the year. More >>
NZ dollar tumbles vs. euro after Draghi comments
Friday, 11 January 2013, 8:54 am | BusinessDesk
Jan. 11 (BusinessDesk) – The New Zealand dollar tumbled against the euro after European Central Bank President Mario Draghi said the euro-zone economy should gradually recover later this year and signalled there was no interest at the ECB in cutting ... More >>
While you were sleeping: Chinese engine kicks into gear
Friday, 11 January 2013, 7:43 am | BusinessDesk
Jan 11 (BusinessDesk) – Wall Street advanced as better-than-expected exports data from China underpinned hope the world's second largest economy will help propel growth elsewhere. More >>
MARKET CLOSE: NZ shares rise to new 5-year high; FBU gains
Thursday, 10 January 2013, 5:34 pm | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new five-year high, as expectations of a pickup in building activity lifted companies such as Fletcher Building, Steel & Tube Holdings and Cavalier. PGG Wrightson ... More >>
NZ dollar rallies as Chinese trade surplus grows
Thursday, 10 January 2013, 5:13 pm | BusinessDesk
Jan. 10 (BusinessDesk) - The New Zealand gained as a stronger-than-expected Chinese trade surplus stoked investors' confidence the world's second-biggest economy has weathered a slowdown and can regain momentum. More >>
Brightwater ordered to pay $77K over shoddy redundancy
Thursday, 10 January 2013, 3:13 pm | BusinessDesk
Jan. 10 (BusinessDesk) - Nelson-based Brightwater Group, which last year threatened redundancies over delays to Bathurst Resources' proposed coal mine on the Denniston Plateau, has been ordered to pay more than $77,000 to in lost wages and compensation ... More >>
ANZ, BNZ may make call on high-coupon notes
Thursday, 10 January 2013, 2:45 pm | BusinessDesk
ANZ, BNZ may make call on high-coupon notes, sending $1.28B looking for new home More >>
NZ commodity prices rise 1% in December
Thursday, 10 January 2013, 1:19 pm | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealand commodity prices rose for a fifth straight month in December, led by a surge in pelt prices and gains for aluminium and beef, though a strong New Zealand dollar eroded the benefits to local producers. More >>
NZ property values climb 5.7% in 2012, Auckland to gain more
Thursday, 10 January 2013, 12:34 pm | BusinessDesk
Jan. 10 (BusinessDesk) - New Zealand property values rose 5.7 percent last year, driven by gains in Auckland and a recovery in Christchurch, and the housing market in the country's biggest city is set to keep climbing, according to Quotable Value. More >>
MIDDAY UPDATE: Summerset shares gain on sales growth
Thursday, 10 January 2013, 12:10 pm | BusinessDesk
Jan. 10 (BusinessDesk) - Shares in Summerset Group climbed 0.9 percent to $2.28 after the retirement village operator and developer beat the sales forecasts published in its initial public offer document last year. More >>
NZ records fourth straight monthly trade deficit
Thursday, 10 January 2013, 11:39 am | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealand recorded its fourth monthly trade deficit in a row due to a drop in exports of dairy products and crude oil, and resulting in a wider-than-expected annual gap. More >>
Departing Satara boss Wilson takes final jab at Zespri fees
Thursday, 10 January 2013, 11:03 am | BusinessDesk
Jan. 10 (BusinessDesk) - Departing Satara Cooperative Group boss Tom Wilson has taken a stab at Zespri International's brokerage fees at the expense of growers in his last update to shareholders. More >>
From the Farm: ‘Green’ Americans underpin price of beef
Thursday, 10 January 2013, 10:19 am | BusinessDesk
It is possible to be too cute about cause and effect, but America’s determination to reduce greenhouse gas emissions and bolster its fuel security ultimately benefits New Zealand beef farmers. More >>
