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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 1242]
NZ manufacturing 'muddling' along; activity contracts in Nov
Thursday, 13 December 2012, 11:49 am | BusinessDesk
Dec. 13 (BusinessDesk) - New Zealand's manufacturing is "muddling" along as activity contracted last month in anticipation of a pick-up next year when Canterbury's reconstruction effort gathers pace. More >>
NZ manufacturing 'muddling' along; activity contracts in Nov
Thursday, 13 December 2012, 11:38 am | BusinessDesk
Dec. 13 (BusinessDesk) - New Zealand's manufacturing is "muddling" along as activity contracted last month in anticipation of a pick-up next year when Canterbury's reconstruction effort gathers pace. More >>
NZ food prices fall 0.8% in November, led by drop in veges
Thursday, 13 December 2012, 11:17 am | BusinessDesk
Dec. 13 (BusinessDesk) – New Zealand food prices fell for the third straight month in November, driven by seasonally low prices for vegetables such as tomatoes, broccoli and lettuce. Meat prices also fell. More >>
Morrison & Co, Morrison family sell down stake in Infratil
Thursday, 13 December 2012, 10:57 am | BusinessDesk
Dec. 13 (BusinessDesk) - Infratil manager HRL Morrison & Co, chief investment officer Lib Petagna and trusts associated with the Morrison family have sold 10 million shares in the Wellington-based infrastructure investor to institutions and high net ... More >>
Tenon sees growth as US housing market revives
Thursday, 13 December 2012, 10:55 am | BusinessDesk
Dec. 13 (BusinessDesk) – Tenon, the unprofitable wool mouldings company, said operating earnings should rise this year amid signs of recovery in the US housing market. More >>
ANZ Bank’s UDC Finance unit lifts FY profit by 31%
Thursday, 13 December 2012, 9:52 am | BusinessDesk
Dec. 13 (BusinessDesk) – UDC Finance, the finance company subsidiary of Australia & New Zealand Banking Group, said full-year profit rose 31 percent on increased lending. More >>
Trade Me grows property portfolio with holidayhomes website
Thursday, 13 December 2012, 9:01 am | BusinessDesk
Dec. 13 (BusinessDesk) - Trade Me, the online auction site part-owned by Australia's Fairfax Media, has taken a bigger bite into the online property space, buying accommodation website holidayhomes.co.nz. More >>
NZ dollar reaches new 9-mth high as Fed extends QE
Thursday, 13 December 2012, 8:52 am | BusinessDesk
NZ dollar reaches new 9-mth high as Fed extends QE, ties low rates to unemployment More >>
While you were sleeping: Fed comes to the rescue
Thursday, 13 December 2012, 7:44 am | BusinessDesk
Dec 13 (BusinessDesk) – Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world's largest economy. More >>
Summerset, Metlifecare join NZX 50 Index
Wednesday, 12 December 2012, 5:48 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Retirement village operators and developers Summerset Group and Metlifecare will join the stock exchange's benchmark NZX 50 Index next week, replacing Goodman Fielder and NZ Refining. More >>
MARKET CLOSE: NZ shares fall as investors lock in gains
Wednesday, 12 December 2012, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as investors lock in recent gains; CEN, TEL, FBU drop More >>
NZ dollar rises toward 84 cts on prospect of more Fed easing
Wednesday, 12 December 2012, 5:13 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The New Zealand dollar rose to a nine-month high as it looks to break 84 US cents with the US Federal Reserve set to review monetary policy amid expectations it will roll out the printing presses for a fourth time. More >>
NZ Super Fund excludes 3 Israeli firms on ethical grounds
Wednesday, 12 December 2012, 4:34 pm | BusinessDesk
Dec. 12 (BusinessDesk) – The $20 billion New Zealand Superannuation Fund has excluded three Israeli companies from its portfolio on ethical grounds because of their involvement in illegal settlements and the security wall. More >>
From the Farm: The kiwi dollar paradox
Wednesday, 12 December 2012, 3:05 pm | BusinessDesk
The Ministry of Primary Industries’ half-year situation and outlook report has a map of the world coloured to reflect changes in the International Monetary Fund’s economic growth forecasts between April and October. Most of the map is orange to ... More >>
MIDDAY UPDATE: Kiwi dollar charges to 9-month high
Wednesday, 12 December 2012, 12:17 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The New Zealand dollar climbed to a nine-month high 83.95 US cents today and is probably heading beyond 84 cents. More >>
Port of Tauranga spends $34M on log marshaling business
Wednesday, 12 December 2012, 11:41 am | BusinessDesk
Dec. 12 (BusinessDesk) - Port of Tauranga, the country's biggest export port, will spend $34 million on Mount Maunganui-based log marshalling and scaling business Quality Marshalling. More >>
NZ guest nights rise 4.1% in October
Wednesday, 12 December 2012, 11:36 am | BusinessDesk
Dec. 12 (BusinessDesk) - New Zealand guest nights rose in October, led by an increase in short-term stays by overseas visitors. More >>
Reserve Bank clips Aussie banks for 'tax hair-cut'
Wednesday, 12 December 2012, 10:46 am | BusinessDesk
Dec. 11 (BusinessDesk) - The Reserve Bank has rejected submissions by Australian-owned banks operating in New Zealand for relief from new rules to guard against bank failures which will see them pay around $25 million in extra tax annually in this country. More >>
Restaurant Brands 3Q sales creep higher, Pizza Hut improves
Wednesday, 12 December 2012, 10:22 am | BusinessDesk
Dec. 12 (BusinessDesk) - Restaurant Brands, the fast food operator which recently launched the Carl's Jr brand in New Zealand, lifted third-quarter sales 0.5 percent as its Pizza Hut stores' cheap deals came up trumps in a highly competitive market. More >>
Smartpay pays $16.3M for Viaduct eftpos provider
Wednesday, 12 December 2012, 10:10 am | BusinessDesk
Dec. 12 (BusinessDesk) - Smartpay, which provides retailers with payments and transactions services, has agreed to buy eftpos terminal provider Viaduct for $16.3 million in cash and shares, a transaction representing almost a third of Smartpay's value. More >>
