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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 1256]
NZ dollar gains amid hopes fiscal cliff will be scaled
Tuesday, 20 November 2012, 8:51 am | BusinessDesk
NZ dollar gains amid hopes fiscal cliff will be scaled, Greece will get bail-out cash More >>
While you were sleeping: Optimism lifts global shares
Tuesday, 20 November 2012, 7:35 am | BusinessDesk
Nov 20 (BusinessDesk) – Equities on Wall Street and in Europe advanced as the string of good news on the US housing market continued, while optimism grew that a deal to avoid the so-called fiscal cliff and safeguard the world's largest economy will ... More >>
MARKET CLOSE: NZ shares mixed; Diligent, Air NZ gain
Monday, 19 November 2012, 5:46 pm | BusinessDesk
Nov. 19 (BusinessDesk) – New Zealand shares were mixed, with market heavyweights Fletcher Building and Telecom pulling the NZX 50 Index lower, while Air New Zealand paced gainers after confirming it topped up its holding in Virgin Australia to avoid ... More >>
SMELLIE ON SME's: 10 questions for every business owner
Monday, 19 November 2012, 5:41 pm | BusinessDesk
Nov. 19 (BusinessDesk) - Wendy Kerr is one of those successful New Zealanders we never hear of. Based in London, her Corporate Crossovers business does amazing work helping businesswomen, particularly, to make the transition from corporate life to ... More >>
NZ dollar falls vs. Australian dollar as RBA minutes loom
Monday, 19 November 2012, 5:13 pm | BusinessDesk
Nov. 19 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart as investors prepare for the minutes from this month's Reserve Bank of Australia policy meeting and a speech from governor Glenn Stevens tomorrow. More >>
Aussie parochialism knobbles kiwi suppliers, Coles says
Monday, 19 November 2012, 2:21 pm | BusinessDesk
Nov. 19 (BusinessDesk) - New Zealand food exporters will struggle to crack one of Australia's biggest supermarket chains unless they do something different as parochial Australian consumers demand locally-made items lining their grocery aisles. More >>
NZ Dollar Outlook: Kiwi may range-trade as fiscal cliff eyed
Monday, 19 November 2012, 2:18 pm | BusinessDesk
Nov. 19 (BusinessDesk) – The New Zealand dollar may trade within its range of the past two months in a week shortened by Thanksgiving in the US as traders ponder the chances of America finding consensus over the fiscal cliff and as the currency takes ... More >>
Govt pools bureaucrats to finalise water policy
Monday, 19 November 2012, 1:56 pm | BusinessDesk
Nov. 19 (BusinessDesk) - The government has quietly formed a 40-strong Water Reform Directorate in the Ministry for the Environment to respond to last week's report of the four year experiment in consensus policy-making, the Land and Water Forum. More >>
SFO begins probe into David Ross, management firm
Monday, 19 November 2012, 12:37 pm | BusinessDesk
Nov. 19 (BusinessDesk) - Nov. 19 (BusinessDesk) – The Serious Fraud Office has begun an investigation into Wellington fund manager David Ross and his firm Ross Asset Management after court-appointed receivers found records for just $10.2 million ... More >>
MIDDAY UPDATE: SFO joins the Ross Asset Management fray
Monday, 19 November 2012, 12:28 pm | BusinessDesk
Nov. 19 (BusinessDesk) - The Serious Fraud Office will throw its investigative powers behind the probe into frozen fund manager, Ross Asset Management. More >>
APN to sell South Island titles, Wellington community papers
Monday, 19 November 2012, 12:26 pm | BusinessDesk
Nov. 19 (BusinessDesk) – APN News & Media, publisher of the New Zealand Herald, is to sell its South Island newspaper interests, along with its Wellington-based community papers. More >>
Air NZ tops up to keep Virgin stake at 19.99%
Monday, 19 November 2012, 12:09 pm | BusinessDesk
Nov. 19 (BusinessDesk) - Air New Zealand has kept its stake in partner airline Virgin Australia, buying 49.1 million shares to retain ownership at 19.99 percent after Singapore Airlines joined the shareholder register. More >>
NZ producer prices fall in 3Q, led by electricity, dairy
Monday, 19 November 2012, 11:57 am | BusinessDesk
Nov. 19 (BusinessDesk) - New Zealand producer input and output prices fell last quarter, led by electricity and dairy products, confirming there’s still little sign of inflation pressures in the economy. More >>
NPT returns to profit in first half as Eastgate mall revives
Monday, 19 November 2012, 11:20 am | BusinessDesk
Nov. 19 (BusinessDesk) - NPT, the listed property investor, returned to profit in the first half, reflecting an increase in the value of its rejuvenated Eastgate Shopping Centre in Christchurch after the value of property tumbled in the year earlier period. More >>
NZ services sector expands at fastest recorded pace in Oct
Monday, 19 November 2012, 11:17 am | BusinessDesk
NZ services sector expands at fastest recorded pace in October, ending horror run of data More >>
GPG sells Newbury Racecourse stake for 6.4M pounds
Monday, 19 November 2012, 9:11 am | BusinessDesk
GPG sells century-old Newbury Racecourse stake for 6.4 mln pounds in share buyback More >>
NZ dollar holds above 81 cents on fiscal cliff optimism
Monday, 19 November 2012, 9:02 am | BusinessDesk
Nov. 19 (BusinessDesk) - The New Zealand dollar rose back above 81 US cents after US Treasury Secretary Timothy Geithner indicated a resolution to the so-called fiscal cliff could be achieved within weeks, which would end a threat to the world’s biggest ... More >>
World Week Ahead: Greece, Spain and the fiscal cliff
Monday, 19 November 2012, 8:32 am | BusinessDesk
Nov. 19 (BusinessDesk) – The focus remains squarely on mountains of debt and fiscal, as well as profits, and the fiscal cliff this week. More >>
MONEY TALKS: Still time to tap into Australia's vibe?
Friday, 16 November 2012, 6:50 pm | BusinessDesk
Nov. 16 (BusinessDesk) - About 1,000 kiwis are jumping across the Ditch every week for sunnier skies and the chance of a better life. On the face of it, they're probably doing a rational thing. More >>
MARKET CLOSE: NZ shares fall, led by Cavalier
Friday, 16 November 2012, 5:36 pm | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand stocks were mixed in Friday trading as international attention turned to the Middle East, where tit-for-tat rocket attacks between Israel and Gaza are raising fears of escalating conflict and driving a return to safe haven ... More >>
