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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 1235]
MIDDAY UPDATE: Fletcher sells galvanising steel business
Friday, 4 January 2013, 12:07 pm | BusinessDesk
Jan. 4 (BusinessDesk) - Fletcher Building will sell its CSP Coating galvanising steel business to the Hamilton-based Perry Group for an undisclosed amount as it looks to trim back under-performing divisions. More >>
Fletcher Building sells CSP galvanised steel unit to Perry
Friday, 4 January 2013, 9:11 am | BusinessDesk
Jan. 4 (BusinessDesk) - Fletcher Building, the country's biggest listed company, is to sell its CSP Coating galvanised steel unit to Hamilton-based Perry Group as it looks to replace some of its treated metal products with imports. More >>
NZ dollar falls as Fed minutes show desire to end QE in 2013
Friday, 4 January 2013, 8:34 am | BusinessDesk
Jan. 4 (BusinessDesk) – The New Zealand dollar fell below 83 US cents after minutes of the US Federal Reserve’s last policy meeting showed several members favoured an end to quantitative easing this year, earlier than the Fed’s stated timeline ... More >>
While you were sleeping: Equity rally fades
Friday, 4 January 2013, 7:36 am | BusinessDesk
Jan 4 (BusinessDesk) – Wall Street held onto yesterday's gains sparked by the US budget deal, but was cautious about extending the rally as attention turned to the next political hot potato overhanging financial markets -- the nation's debt ceiling. More >>
MARKET CLOSE: NZ shares rise on broker picks, global gains
Thursday, 3 January 2013, 5:37 pm | BusinessDesk
Jan. 3 (BusinessDesk) – New Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare. More >>
NZ dollar holds above 83 cts as fiscal cliff euphoria abates
Thursday, 3 January 2013, 5:16 pm | BusinessDesk
Jan. 3 (BusinessDesk) - The New Zealand dollar held above 83 US cents in local trading today after global market euphoria abated on US politicians averting the US$600 billion fiscal cliff during the New Year holiday. More >>
MIDDAY UPDATE: NZ shares gain in NY open on Washington deal
Thursday, 3 January 2013, 12:10 pm | BusinessDesk
Jan. 3 (BusinessDesk) - New Zealand shares gained on the open of the local stock market, following the global euphoria on US policymakers cutting a deal to prevent the US$600 billion fiscal cliff of spending cuts and tax hikes. More >>
GPG realises 18.7M pounds in latest round of asset sales
Thursday, 3 January 2013, 10:16 am | BusinessDesk
Jan. 3 (BusinessDesk) - Guinness Peat Group, the investment firm liquidating its asset portfolio, has realised some 18.7 million pounds in the latest grab-bag of asset sales. More >>
Pyne Gould's Kerr finds buyer for Perpetual wealth units
Thursday, 3 January 2013, 9:42 am | BusinessDesk
Jan. 3 (BusinessDesk) - Pyne Gould Corp managing director George Kerr has found a buyer for its Perpetual wealth management businesses and will throw in the firm's stake in Australian research and management firm van Eyk Research. More >>
NZ dollar falls as some traders take profits near 84 US cts
Thursday, 3 January 2013, 9:23 am | BusinessDesk
Jan. 3 (BusinessDesk) – The New Zealand dollar, which soared along with stocks on Wall Street and in Europe on the US fiscal cliff deal, gave up some of its gains as traders sold the currency as it neared 84 US cents. More >>
Dairy product prices rise 2% in first GDT auction of 2013
Thursday, 3 January 2013, 9:05 am | BusinessDesk
Jan. 3 (BusinessDesk) - The price of dairy products rose 2 percent in the first GlobalDairyTrade auction of 2013, recovering losses through the tail-end of last year. More >>
While you were sleeping: Stocks embrace budget deal
Thursday, 3 January 2013, 7:36 am | BusinessDesk
Jan 3 (BusinessDesk) – Equity markets on both sides of the Atlantic rallied on the first day of trading in 2013, buoyed by a US budget agreement that eliminated tax increases that might have tipped the world's No. 1 economy into recession. More >>
While you were sleeping: Progress on US budget deal
Wednesday, 2 January 2013, 7:23 am | BusinessDesk
Jan 2 (BusinessDesk) – The New Year could begin on a positive note if US lawmakers in the House of Representatives approve – as did their counterparts in the Senate – a deal that averts the worst impact of falling over the fiscal cliff. More >>
NZX boss Bennett gets $1.87M of stock under incentive scheme
Monday, 31 December 2012, 2:48 pm | BusinessDesk
Dec. 31 (BusinessDesk) - NZX boss Tim Bennett featured in the final NZX stock filing for 2012, an announcement that he has acquired 1.58 million shares in the bourse operator from his long-term incentive scheme. More >>
MARKET CLOSE: NZ shares slip; round out best year since 2004
Monday, 31 December 2012, 2:18 pm | BusinessDesk
Dec. 31 (BusinessDesk) – New Zealand shares fell on the last trading day of the year, though not enough to prevent 2012 being the best for the NZX 50 Index since 2004, with the strongest gains coming from growth stocks and companies making comebacks. More >>
NZ dollar heads for 5.8% gain in year on higher rates
Monday, 31 December 2012, 2:18 pm | BusinessDesk
NZ dollar heads for 5.8% gain in year on higher rates; fiscal cliff unresolved More >>
Fairfax faces siege in 2013 as Rinehart, Singleton team up
Monday, 31 December 2012, 12:45 pm | BusinessDesk
Dec. 31 (BusinessDesk) - Fairfax Media Group will face another raid by shareholder and iron ore magnate Gina Rinehart after she teamed with Macquarie Radio Network's John Singleton to exert control over the publisher of the Dominion Post, Sydney Morning ... More >>
MIDDAY UPDATE: NZ shares fall as US fiscal cliff dominates
Monday, 31 December 2012, 12:05 pm | BusinessDesk
Dec. 31 (BusinessDesk) - New Zealand shares fell in early trading of the last day of 2012 as the few traders still at their desks watched the inability of US politicians to cut a deal to prevent legislation that will send the world's biggest economy back ... More >>
NZ dollar little changed as US budget deadline looms
Monday, 31 December 2012, 9:13 am | BusinessDesk
Dec. 31 (BusinessDesk) – The New Zealand dollar was little changed against the greenback as traders awaited developments on US budget talks, with the fiscal cliff deadline now just two days away. More >>
World Week Ahead: D-day on fiscal cliff
Monday, 31 December 2012, 8:03 am | BusinessDesk
The largest stumbling block remains disagreement between Democrats and Republicans over the annual income threshold that will separate those who will see an extension in tax cuts and those who will not. More >>
