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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 1261]
NZ dollar weakens vs. Australian dollar on rate differential
Friday, 9 November 2012, 8:58 am | BusinessDesk
Nov. 9 (BusinessDesk) – The New Zealand dollar fell to a five-week low against its Australian counterpart as rising unemployment at home and stronger job prospects across the Tasman stoked talk the gap in interest rates won’t narrow any time soon. More >>
While you were sleeping: EU weakness, Greek concern
Friday, 9 November 2012, 7:36 am | BusinessDesk
Nov 9 (BusinessDesk) – Stocks on both sides of the Atlantic slid amid renewed concern about the impact of Europe's debt crisis on the global economy after ECB chief Mario Draghi said the euro zone economy is expected to remain weak next year. More >>
MARKET CLOSE: NZ shares gain as kiwi weakens; FPH gains
Thursday, 8 November 2012, 5:46 pm | BusinessDesk
Nov. 8 (BusinessDesk) - New Zealand shares rose, led by Xero and Fisher & Paykel Healthcare, as the kiwi dollar weakened against its Australian counterpart and offshore investors were drawn to an economy that stands out in a weak global environment. More >>
NZ dollar falls to two-month low vs. Aussie
Thursday, 8 November 2012, 5:17 pm | BusinessDesk
NZ dollar falls to two-month low vs. Aussie as trans-Tasman labour markets diverge More >>
Govt risks Maori wrath with oil and gas exploration offer
Thursday, 8 November 2012, 5:04 pm | BusinessDesk
Nov. 8 (BusinessDesk) - The government is offering up a huge swathe of offshore Northland acreage for oil and gas exploration in a move that is sure to test a new iwi consultation protocol intended to minimise Maori protests against oil exploration, such as occurred ... More >>
NZ jobless rate spike stokes talk of Reserve Bank rate cuts
Thursday, 8 November 2012, 12:43 pm | BusinessDesk
Nov. 8 (BusinessDesk) - New Zealand's 13-year high unemployment rate has opened the door for the Reserve Bank to cut interest rates to help underpin growth in an economy recovering from the deepest recession in two decades. More >>
Invacare’s Dynamic Controls to shed up to 60 jobs
Thursday, 8 November 2012, 11:07 am | BusinessDesk
Nov. 8 (BusinessDesk) - Dynamic Controls, which designs and makes controls for powered wheelchairs, is to wind down its contract manufacturing business in Christchurch in a move the EPMU union says could result in up to 60 job losses. More >>
NZX names Amelia Wong as head of cash markets
Thursday, 8 November 2012, 11:04 am | BusinessDesk
Nov. 8 (BusinessDesk) - NZX, the stock market operator, named Amelia Wong as head of Cash Markets, effective Dec. 10. More >>
NZ jobless rate reaches 13-year high 7.3%; kiwi tumbles
Thursday, 8 November 2012, 10:53 am | BusinessDesk
Nov 8 (BusinessDesk) - New Zealand's unemployment rate unexpectedly rose to a 13-year high as the pool of jobs shrank for a second straight quarter with a flat labour market in Auckland and fewer full-time workers. The kiwi dollar tumbled about half ... More >>
Todd Energy opens books on fracking in NZ, says it's safe
Thursday, 8 November 2012, 9:04 am | BusinessDesk
Nov 7 (BusinessDesk) - Todd Energy has been involved in hydraulic fracturing on 26 occasions in New Zealand and says the controversial process, known colloquially as fracking, is safe when used at great depth and away from freshwater aquifers. More >>
NZ dollar gains vs. euro on subdued outlook for euro-zone
Thursday, 8 November 2012, 9:00 am | BusinessDesk
Nov. 8 (BusinessDesk) – The New Zealand dollar advanced against the euro after the European Commission slashed its growth forecasts and retail sales across the region fell. The kiwi gave up its gains against the greenback as stocks tumbled. More >>
While you were sleeping: Euro trouble, US fiscal cliff
Thursday, 8 November 2012, 7:43 am | BusinessDesk
Nov 8 (BusinessDesk) – So much for a relief rally. For most investors today has been a reality check in the face of a steep fiscal cliff for the US and another downgrade of the expected pace of economic expansion for the euro zone. More >>
NZ dollar falls as US election sows uncertainty
Wednesday, 7 November 2012, 5:35 pm | BusinessDesk
NZ dollar falls as US election sows uncertainty in global markets, RBNZ's Wheeler mulls strong currency More >>
MARKET CLOSE: NZ shares gain as US counts vote
Wednesday, 7 November 2012, 5:32 pm | BusinessDesk
Nov. 7 (BusinessDesk) – New Zealand shares rose in light trading as investors await the outcome of the US presidential election. Fletcher Building paced the advance. Steel & Tube Holdings rose on news it will return to the benchmark index. More >>
Mobil Oil wins 5-year contract to supply fuel to KiwiRail
Wednesday, 7 November 2012, 2:30 pm | BusinessDesk
Mobil Oil wins 5-year contract to supply up to $495M of bulk fuel to KiwiRail More >>
Governor Wheeler’s parliamentary debut ends with a whimper
Wednesday, 7 November 2012, 2:15 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Reserve Bank head Graeme Wheeler's first appearance in front of a parliamentary select committee descended into farce when the room was cleared to let politicians argue for more time with the new governor. More >>
Midday Update: Briscoe sales fall, Govt tax take down
Wednesday, 7 November 2012, 12:09 pm | BusinessDesk
Nov. 7 (BusinessDesk) – Briscoe Group posted a 0.5 percent decline in third-quarter sales, reflecting a drop in sales of sporting goods that benefited a year earlier from the Rugby World Cup. More >>
Two more Canadian oil explorers appear in Hawke's Bay
Wednesday, 7 November 2012, 11:12 am | BusinessDesk
Nov. 7 (BusinessDesk) -Two new Canadian oil and gas explorers have appeared in New Zealand, taking a 965 square kilometre onshore licence area in Hawke's Bay, in what appears to be the first outcome from the government's new "block offer" ... More >>
SMELLIE on SMEs: Write stuff down or you'll regret it
Wednesday, 7 November 2012, 11:12 am | BusinessDesk
Nov. 6 (BusinessDesk) - For the last few years, I've had exposure to a situation where someone didn't write things down at the start of a business relationship. It's been like watching a slow motion train wreck. More >>
NZ operating deficit wider than forecast on smaller tax take
Wednesday, 7 November 2012, 10:30 am | BusinessDesk
Nov. 7 (BusinessDesk) – The New Zealand government’s operating deficit was wider than forecast in the first quarter of the financial year as the Crown took in less tax than expected in a subdued economy. The operating balance before gains and losses ... More >>
