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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 1260]
Genesis Research lacks funds, seeks legal advice on future
Monday, 12 November 2012, 12:32 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Genesis Research and Development, which in July abandoned plans to merge with an unlisted Australian company, is seeking legal advice and will make an announcement on its future amid a lack of funds to continue operating. More >>
MIDDAY UPDATE: Fulton Hogan's Aussie project stalls AGM
Monday, 12 November 2012, 12:07 pm | BusinessDesk
Local construction company Fulton Hogan has put off its annual meeting until mid-December as it tries to settle negotiations over one of its more problematic Australian contracts. More >>
NZ Dollar Outlook: Kiwi may fall as investors ponder economy
Monday, 12 November 2012, 11:42 am | BusinessDesk
Nov. 12 (BusinessDesk) - The New Zealand dollar, trading near a three-week low, may fall further amid concerns last week’s jobs data shows the domestic economy is struggling, putting the focus on upcoming figures including retail sales this week. More >>
NZ guest nights fall in September, led by overseas visitors
Monday, 12 November 2012, 11:41 am | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand guest nights fell in September as locals failed to pick up the slack from dwindling international visitor numbers. More >>
Fulton Hogan delays AGM amid talks on Australian project
Monday, 12 November 2012, 9:32 am | BusinessDesk
Nov. 12 (BusinessDesk) - Fulton Hogan, the privately held construction company, has delayed its annual meeting until mid-December amid negotiations relating to a problematic Australian project which has already scuttled a scheduled share buyback. More >>
Genesis Research halted from trading pending statement
Monday, 12 November 2012, 9:26 am | BusinessDesk
Nov. 12 (BusinessDesk) - Genesis Research and Development, which in July abandoned plans to merge with an unlisted Australian company, had its shares halted from trading pending an announcement. More >>
NZ dollar trades at 3-week low as RBNZ rate cut weighed
Monday, 12 November 2012, 9:09 am | BusinessDesk
NZ dollar trades at 3-week low as central bank seen with room to cut rates More >>
World Week Ahead: Correction chatter
Monday, 12 November 2012, 7:40 am | BusinessDesk
By Margreet Dietz Nov 12 (BusinessDesk) – As markets swoon in the wake of the US presidential election and as the fiscal outlook in both the US and the EU remains clouded, investors appear set to leap to the sidelines. In the past five days, the ... More >>
NZ, Australia part company as NZ abandons Kyoto Protocol
Friday, 9 November 2012, 9:29 pm | BusinessDesk
Nov 9 (BusinessDesk) - New Zealand is abandoning its pursuit of a second Commitment Period under the Kyoto Protocol governing global action on climate change, plumping instead for a competing initiative that involves the major emitters seen as crucial ... More >>
MONEY TALKS: Making sense when the numbers don't add up
Friday, 9 November 2012, 5:55 pm | BusinessDesk
Nov. 9 (BusinessDesk) - One thing that's really hard to argue with is historical data, so on the face of it, the property market is back and it wants your dollars. More >>
MARKET CLOSE: NZ shares rise as dividend yields appeal
Friday, 9 November 2012, 5:39 pm | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealand shares rose. Telecom rose as the nation’s relatively high dividend yields drew investors while Infratil fell after taking a charge against its UK airport investments. More >>
NZ dollar heads for weekly drop vs. Australian dollar
Friday, 9 November 2012, 5:18 pm | BusinessDesk
NZ dollar heads for 1.7 percent weekly drop vs. Australian dollar as jobs market deteriorates More >>
UPDATE: Solid Energy board putsch takes more scalps
Friday, 9 November 2012, 4:28 pm | BusinessDesk
Nov. 9 (BusinessDesk) - The putsch on the Solid Energy quickened pace this afternoon, with the resignations of long-serving directors John McDonald and Simon Marsters. More >>
MIDDAY UPDATE: House prices climb to new high as sales soar
Friday, 9 November 2012, 12:11 pm | BusinessDesk
Nov. 9 (BusinessDesk) - New Zealand house prices rose to a record-high last month as the number of sales took off, according to Real Estate Institute figures. More >>
From The Farm: Jobless shocker doesn’t include farms
Friday, 9 November 2012, 12:07 pm | BusinessDesk
Unemployment at 7.3 percent in the third quarter is the highest since 1999. But as manufacturing, construction and professional services thin their ranks, more people are working in agriculture, forestry and fishing. More >>
Supreme Court dashes fraud claims against IRD in Trinity
Friday, 9 November 2012, 11:30 am | BusinessDesk
Nov. 9 (BusinessDesk) - New Zealand's Supreme Court has rejected a claim the Inland Revenue Department fraudulently won its $3.7 billion tax case involving the 'Trinity' forestry scheme. More >>
NZ retail spending on electronic cards rises 0.4%
Friday, 9 November 2012, 11:12 am | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealand retail spending on electronic cards rose as expected last month, led by fuel, motor vehicle related spending and durables. More >>
Quiet clean-out of Solid Energy board begins
Friday, 9 November 2012, 10:09 am | BusinessDesk
Nov. 9 (BusinessDesk) - A quiet clean-out of the Solid Energy board has begun, with two resignations by directors filed with the Companies Office this week and the appointment of an experienced Australian mining expert, Neville Sneddon, to the board. More >>
NZ median house price sets new record as spring sales roar
Friday, 9 November 2012, 9:19 am | BusinessDesk
Nov. 9 (BusinessDesk) – The median house price in New Zealand rose to a record $380,000 last month as sales jumped by almost a third compared to October 2011, according to the Real Estate Institute. More >>
Infratil takes $43.9M charge on British airports up for sale
Friday, 9 November 2012, 9:19 am | BusinessDesk
Infratil takes $43.9M charge on British airports up for sale ahead of 1H result More >>
