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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 1247]
No float yet for Synlait Milk
Wednesday, 5 December 2012, 10:02 am | BusinessDesk
Dec 5 (BusinessDesk) - Synlait Milk's Chinese and New Zealand shareholders still want to list the company's shares on the NZX, but there will be no float in the near future, says the Dunsandel milk processor's chief executive, John Penno. More >>
Contact sells mothballed New Plymouth power station for $24M
Wednesday, 5 December 2012, 9:57 am | BusinessDesk
Dec. 5 (BusinessDesk) - Contact Energy has sold its mothballed New Plymouth power station for $24 million to Port of Taranaki and Methanex New Zealand. More >>
RESEND: NZ dollar creeps higher after RBA rate cut
Wednesday, 5 December 2012, 9:09 am | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after the Reserve Bank of Australia cut interest rates in line with expectations and soothing fears the world's 12th biggest economy could be in for a big fall as ... More >>
NZ dollar rises after RBA rate cut, before RBNZ
Wednesday, 5 December 2012, 9:02 am | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher after the Reserve Bank of Australia cut interest rates in line with expectations and soothing fears the world's 12th biggest economy could be in for a big fall as ... More >>
While you were sleeping: Republicans bicker as plan rejected
Wednesday, 5 December 2012, 7:36 am | BusinessDesk
Dec. 5 (BusinessDesk) – US House Speaker John Boehner tabled a plan to avert the fiscal cliff that left out tax increases for the wealthy and was rejected within an hour by the Whitehouse The plan also highlighted divisions among factions of the ... More >>
Dairy product prices drop 2% in GDT auction
Wednesday, 5 December 2012, 6:17 am | BusinessDesk
Dec. 5 (BusinessDesk) – Prices of dairy products fell in Fonterra’s latest GlobalDairyTrade auction, the first decline in four sales, led by whole milk powder and cheddar.. More >>
Todd Property buys Pegasus town development from receivers
Tuesday, 4 December 2012, 6:11 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Todd Property Group, the property development arm of the country's wealthiest family, has bought the beleaguered Pegasus Town development in North Canterbury out of receivership. More >>
MARKET CLOSE: NZ shares fall a 2nd day; Chorus extends slide
Tuesday, 4 December 2012, 6:07 pm | BusinessDesk
Dec. 4 (BusinessDesk) – New Zealand shares fell for a second day, retreating from a five-year high as Chorus extended its slide on concerns about price regulation and Xero fell from a record high. More >>
NZ dollar gains after RBA cuts interest rates
Tuesday, 4 December 2012, 5:33 pm | BusinessDesk
NZ dollar gains after RBA cuts interest rates in a bid to revive slowing economy More >>
RBA cuts key rate to 3 percent on subdued economic outlook
Tuesday, 4 December 2012, 5:19 pm | BusinessDesk
RBA cuts key rate to 3 percent on subdued labour market, below average global growth More >>
Synlait posts $6.3M maiden profit, likely to seek capital
Tuesday, 4 December 2012, 5:12 pm | BusinessDesk
Dec. 4 (BusinessDesk) – Powdered dairy products exporter Synlait Milk has turned in a maiden profit of $6.3 million for the year to July 31 and expects to seek fresh capital from its two shareholders as it pursues "further strongly profitable ... More >>
Kirkcaldie property sale falls through as buyer walks away
Tuesday, 4 December 2012, 4:30 pm | BusinessDesk
Dec. 4 (BusinessDesk) - The mystery buyer of Kirkcaldie & Stain's Harbour City Centre on Wellington's Lambton Quay has walked away after deciding the building wasn't the right fit as an investment. More >>
No need of panic about upper North Island ports: PwC
Tuesday, 4 December 2012, 4:14 pm | BusinessDesk
Dec. 4 (BusinessDesk) – A report on ports in the upper North Island kills the idea that Northland’s natural deep water port may one day be a hub for container ships and doesn’t see New Zealand becoming a branch of an Australian hub port either. More >>
S&P downplays regulation impact on Chorus credit rating
Tuesday, 4 December 2012, 3:37 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Standard & Poor's has downplayed the threat of looming price regulation to access Chorus's switchgear on its ageing copper lines, saying the final ruling will probably be amended given the highly political nature of the ... More >>
Delegat's sees lift in FY earnings in face of high kiwi
Tuesday, 4 December 2012, 3:32 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Delegat's Group is flagging a small increase in annual earnings for 2013, though it’s warning that the strong kiwi dollar is making life hard for the wine-maker. More >>
Winston Peters calls on his own MP, Brendan Horan, to resign
Tuesday, 4 December 2012, 3:28 pm | BusinessDesk
Dec 4 (BusinessDesk) - New Zealand First party leader Winston Peters told Parliament this afternoon he had no confidence in his MP, Brendan Horan, and called on him to resign as a Member of Parliament. More >>
RBNZ's Wheeler drawn into Green Party politicking on banks
Tuesday, 4 December 2012, 1:30 pm | BusinessDesk
RBNZ's Wheeler drawn into Green Party politicking, says bank returns still below GFC levels More >>
NZ commodity prices post fourth month of gains, rising 1%
Tuesday, 4 December 2012, 1:20 pm | BusinessDesk
Dec. 4 (BusinessDesk) – New Zealand commodity prices rose for a fourth straight month in November, led by pelts, beef and wood pulp. Lamb prices fell to a 31-month low. More >>
Quickflix gets Freeview channel in NZ distribution deal
Tuesday, 4 December 2012, 1:04 pm | BusinessDesk
Dec. 4 (BusinessDesk) - ASX-listed streaming and on-demand video supplier Quickflix has cut a deal with Freeview to secure a channel on the free-to-air set-top-box. More >>
Brazilian oil giant Petrobas dumps NZ exploration permits
Tuesday, 4 December 2012, 12:13 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Brazilian oil company Petrobras is to hand back exploration licences it holds for deep sea oil and gas prospects in the Raukumara Basin, off East Cape, in what appears a reaction to a string of difficulties which have seen ... More >>
