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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 1241]
NZ dollar surges to 4-year high vs. yen after LDP victory
Monday, 17 December 2012, 8:37 am | BusinessDesk
NZ dollar surges to 4-year high vs. yen as Japan’s LDP sweeps to victory More >>
MONEY TALKS: The rise of Dorchester under the Bakery's eye
Friday, 14 December 2012, 5:39 pm | BusinessDesk
A couple of years ago Dorchester Pacific put up one of the more convoluted deals to keep the receivership vultures at bay. More >>
MARKET CLOSE: NZ shares mixed; Goodman, Refining fall
Friday, 14 December 2012, 5:28 pm | BusinessDesk
Dec. 14 (BusinessDesk) – New Zealand shares were mixed, with Goodman Fielder and NZ Refining down ahead of their exit from the NZX 50 Index, while Ryman Healthcare, rated ‘outperform’ in a Reuters poll, led gainers. More >>
NZ dollar heads for 3.1% gain vs. yen as election looms
Friday, 14 December 2012, 5:05 pm | BusinessDesk
Dec. 14 (BusinessDesk) - The New Zealand dollar is headed for a 3.1 percent gain against the yen this week as Japanese voters prepare to go to the polls in an election that's expected to install a new government that backs unlimited monetary easing. More >>
Trade negotiation mindset hurts climate change talks: Greens
Friday, 14 December 2012, 3:27 pm | BusinessDesk
Dec. 14 (BusinessDesk) - Global efforts to get a new deal to combat climate change are foundering because they are based on the competitive mindset of trade negotiations rather than collaborative problem-solving, says Green Party climate change spokesman ... More >>
Second NZX adviser fined over Trade Me IPO dealings
Friday, 14 December 2012, 3:09 pm | BusinessDesk
Dec. 14 (BusinessDesk) – A second unnamed NZX adviser has been fined over a rule breach related to auction site Trade Me’s $363.5 million initial public offering last December. More >>
Jim Delegat loses suit against failed boat builder director
Friday, 14 December 2012, 1:40 pm | BusinessDesk
Dec. 14 (BusinessDesk) – Jim Delegat, managing director of winemaker Delegat’s Group, has failed in a High Court attempt to recover payments on an incomplete yacht from a director of failed luxury yacht maker Salthouse Marine. More >>
MIDDAY UPDATE: Capital + Merchant judge unmoved by appeal
Friday, 14 December 2012, 12:09 pm | BusinessDesk
Dec. 14 (BusinessDesk) - The Serious Fraud Office has lost its first round in its appeal against the acquittals of Capital + Merchant Finance directors Neal Nicholls and Wayne Douglas. More >>
SFO loses first round in Capital + Merchant 'hub' appeal
Friday, 14 December 2012, 11:20 am | BusinessDesk
Dec. 14 (BusinessDesk) - The Serious Fraud Office has lost the first round in it its bid to appeal a ruling clearing Capital + Merchant Finance directors Wayne Douglas and Neal Nicholls over the so-called 'Hub loans'. More >>
IAG sells unprofitable UK unit to buyout firm, managers
Friday, 14 December 2012, 11:19 am | BusinessDesk
Dec. 14 (BusinessDesk) – Insurance Australia Group, whose ASX-listed shares have surged 63 percent this year, is selling its unprofitable UK operations, taking a loss of about $240 million on them in the 2013 year. More >>
NZ dollar falls; stuck fiscal cliff talks sap risk appetite
Friday, 14 December 2012, 8:55 am | BusinessDesk
Dec. 14 (BusinessDesk) – The New Zealand dollar fell from a nine-month high amid concerns politicians in Washington are making no progress in talks to avert the fiscal cliff, countering the impetus growth assets got from the Federal Reserve’s further ... More >>
While you were sleeping: Fiscal cliff looming larger
Friday, 14 December 2012, 7:39 am | BusinessDesk
Dec 14 (BusinessDesk) – Wall Street declined as US House Speaker John Boehner renewed concern about the lack of progress in talks aimed at preventing US$600 billion in tax increases and spending cuts taking effect on January 1. More >>
MARKET CLOSE: NZ stocks weak; Fonterra units top $7
Thursday, 13 December 2012, 6:12 pm | BusinessDesk
Dec. 13 (BusinessDesk) - New Zealand shares fell as investors continued to take profits, foundation investors in Infratil reduced their holdings, and previously top 50 stocks prepared to leave the index. More >>
NZ dollar strong as Fed targets jobs
Thursday, 13 December 2012, 5:52 pm | BusinessDesk
Dec. 13 (BusinessDesk) - The New Zealand dollar rose to a four-year high against the yen after the US Federal Reserve cranked up its money printing presses, heightening the appeal of countries offering high interest rates, and as Japan's general election ... More >>
Kiwi strong as Fed targets jobs, hits 4-year high on yen
Thursday, 13 December 2012, 5:46 pm | BusinessDesk
Dec. 13 (BusinessDesk) - The New Zealand dollar rose to a four-year high against the yen after the US Federal Reserve cranked up its money printing presses, heightening the appeal of countries offering high interest rates, and as Japan's general election ... More >>
NZ to lead global research on methane gas emissions
Thursday, 13 December 2012, 2:36 pm | BusinessDesk
New Zealand is leveraging its understanding of methane emissions from farm animals to lead global research on reducing the powerful, but short-lived gas's production. More >>
NZ consumer confidence edges up in Dec as outlook brightens
Thursday, 13 December 2012, 1:36 pm | BusinessDesk
Dec. 13 (BusinessDesk) - New Zealand consumer confidence edged up in December from November, with more kiwis expecting their families to be better off in a year’s time and the nation to have better times over the next five years. More >>
ERA decision picks $40k scab off Ports of Auckland
Thursday, 13 December 2012, 1:11 pm | BusinessDesk
Dec. 13 (BusinessDesk) - An Employment Relations Authority decision has whacked Ports of Auckland with a $40,000 fine for employing strike-breakers when its unionised workforce was picketing earlier this year. More >>
MIDDAY UPDATE: Kiwi soars as Fed prints even more money
Thursday, 13 December 2012, 12:13 pm | BusinessDesk
Dec. 13 (BusinessDesk) - The New Zealand dollar rose as high as 84.52 US cents after the US Federal Reserve decided to keep printing more money to revive a sluggish economic recovery and create jobs in a persistently dreary labour market. More >>
Settle trans-Tasman tax credits once and for all
Thursday, 13 December 2012, 11:50 am | BusinessDesk
Dec. 13 (BusinessDesk) - The New Zealand and Australian governments should settle once and for all the long-running argument over the tax treatment of imputation credits, which currently penalises trans-Tasman investors, says a new report from the two ... More >>
