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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 1271]
More people are supplying their own technology for work
Wednesday, 24 October 2012, 11:51 am | BusinessDesk
Oct 24 (BusinessDesk) - Companies are being more flexible about allowing employees to use their own technology at work and are using social media more for communication, according to a report. More >>
A2 Corp talks up Chinese infant formula market potential
Wednesday, 24 October 2012, 10:42 am | BusinessDesk
Oct. 24 (BusinessDesk) - A2 Corp, which markets milk products with a protein variant claimed to have health benefits, says a distribution deal it has done in China should generate $US50 million of revenue in four years' time. The shares rose to a month-high. More >>
CORRECT:Fisher-managed Marlin Global faces fight over future
Wednesday, 24 October 2012, 10:40 am | BusinessDesk
(Fixes Elevation's involvement in Salvus restructure in 7th graph in story that first ran Oct. 17)) More >>
Vector faces 25% price cut for gas lines under proposal
Wednesday, 24 October 2012, 9:52 am | BusinessDesk
Oct. 24 (BusinessDesk) - Vector, the Auckland network owner, would have to accept a 25 percent cut to its transmission charges for gas pipelines under proposed default price-quality paths proposed by the Commerce Commission. More >>
Livestock Improvement in talks with Agria over $10M loan
Wednesday, 24 October 2012, 9:50 am | BusinessDesk
Oct. 24 (BusinessDesk) - Livestock Improvement Corp, which has been compensating some farmers for selling bull semen that caused 'hairy calf' mutations, is in talks with Chinese-linked agriculture firm Agria Corp over a $10 million loan that is due ... More >>
ANZ increases lending ahead of National Bank brand change
Wednesday, 24 October 2012, 9:21 am | BusinessDesk
Oct. 24 (BusinessDesk) - ANZ Banking Group, New Zealand's biggest bank, increased gross loans and advances by more than any of its main banking rivals in the three months to June 30, ahead of the announcement of the demise of its National Bank of ... More >>
NZ dollar drops as weak US earnings add to ‘risk off’ mood
Wednesday, 24 October 2012, 9:03 am | BusinessDesk
Oct. 24 (BusinessDesk) – The New Zealand dollar fell as weak US earnings weighed on equities and added to a risk off tone in currency markets. More >>
Besieged insurer IAG happy with the numbers in NZ
Wednesday, 24 October 2012, 8:33 am | BusinessDesk
Oct. 24 (BusinessDesk) – Insurance Australia Group, the insurance company besieged by angry clients in Christchurch, has told shareholders it is happy with its strong operating performance, which will improve further in New Zealand. More >>
While you were sleeping: More disappointments
Wednesday, 24 October 2012, 7:36 am | BusinessDesk
Oct 24 (BusinessDesk) – A new day with more disappointing US corporate earnings sent Wall Street lower as investors grew increasingly concerned about the impact of slowing global economic growth. More >>
MARKET CLOSE: NZ shares gain as yield appeal endures
Tuesday, 23 October 2012, 5:44 pm | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index above 4000 for only the second time since January 2008, as low interest rates at home and abroad lifted the appeal of returns from equities in markets known for their relatively ... More >>
NZ dollar little changed as central bank meetings loom
Tuesday, 23 October 2012, 5:21 pm | BusinessDesk
Oct 23 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors gear up for central bank meetings in the US, Canada and New Zealand and for inflation figures across the Tasman. More >>
NZ ties to insider trading case show ease of forming company
Tuesday, 23 October 2012, 5:00 pm | BusinessDesk
NZ links to insider trading case highlight pitfalls of ease in setting up a company More >>
NZ fund managers reap $125.8M in fees from KiwiSaver
Tuesday, 23 October 2012, 2:18 pm | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand fund managers pulled $125.8 million in administration and investment management fees from the country's KiwiSaver schemes, which continued to expand in the 2011 financial year. More >>
English delays removing Mighty River Power from SOE Act
Tuesday, 23 October 2012, 2:08 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The government has delayed removing Mighty River Power from the State Owned Enterprises Act after the High Court granted an urgent hearing for the Maori Council’s application for a judicial review of the government’s plan ... More >>
SFO charges options trader Greg Arnott with $2.5M fraud
Tuesday, 23 October 2012, 1:50 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The Serious Fraud Office has charged options trader Greg Arnott for using some $2.5 million of investor funds for other purposes, and expects to charge another person soon. More >>
NZ DOLLAR OUTLOOK: Kiwi may weaken ahead of RBNZ review
Tuesday, 23 October 2012, 12:41 pm | BusinessDesk
Oct. 23 (BusinessDesk) – The New Zealand dollar may fall this week, rounding out the quietest month in at least a year, amid expectations the new Reserve Bank governor will keep rates unchanged or even hint at cuts in his debut review of monetary policy. More >>
MIDDAY UPDATE: Courtroom showdown on asset sales begins
Tuesday, 23 October 2012, 12:09 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The government's plan to sell up to half its stake in state-owned energy companies hit the High Court in Wellington today as the Maori Council seeks to slow proceedings so a full hearing can be held. More >>
Pastoral farm profits chewed away for coming season
Tuesday, 23 October 2012, 11:37 am | BusinessDesk
Oct. 23 (BusinessDesk) – Pastoral farm businesses are expected to tighten up spending as product prices come off recent highs, according to the Ministry for Primary Industries. More >>
NZ Oil & Gas misses out on stake in deepwater permit
Tuesday, 23 October 2012, 11:31 am | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand Oil & Gas has missed out on acquiring a stake in a deepwater exploration permit in the Taranaki basin after the existing partners exercised their right to buy it. More >>
Martinborough Vineyard returns to Unlisted bourse
Tuesday, 23 October 2012, 11:26 am | BusinessDesk
Oct. 23 (BusinessDesk) - Martinborough Vineyard Estates, which touts its award-winning pinot noir, has rejoined the Unlisted trading bourse after a three-year absence. More >>
