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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 1273]
NZ dollar falls after weak Google earnings, mixed US data
Friday, 19 October 2012, 8:26 am | BusinessDesk
Oct. 19 (BusinessDesk) - The New Zealand dollar followed US stock markets lower after internet search engine Google missed profit estimates and mixed US data eroded investors' appetite for higher-yielding, or riskier, assets. More >>
While you were sleeping: More mixed signals on US
Friday, 19 October 2012, 6:00 am | BusinessDesk
Oct 19 (BusinessDesk) – Wall Street was mixed as investors weighed economic data providing an equally mixed picture on the outlook as weekly jobless claims disappointed, while an index of leading indicators bettered expectations and manufacturing in the ... More >>
MARKET CLOSE: NZ shares rise, led by NZX, Fletcher, FPA
Thursday, 18 October 2012, 5:53 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by NZX, Fletcher Building; FPA rises on Haier offer More >>
Christchurch City Holdings profit up 25% on quake work
Thursday, 18 October 2012, 5:24 pm | BusinessDesk
Oct 18 (BusinessDesk) - Christchurch City Holdings Limited, the investment arm of the city's council, posted a 25 percent increase in full year profit after its City Care infrastructure unit doubled its construction activity as the region's rebuild ... More >>
NZ dollar may extend gains as Chinese growth spurs optimism
Thursday, 18 October 2012, 5:15 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The New Zealand dollar may extend its rally as Chinese economic didn't slow down as much as people feared, spurring investors to seek higher-yielding, or riskier, assets. More >>
NZICA reacts to CPA challenge, strengthens ties with IOD
Thursday, 18 October 2012, 5:01 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The New Zealand Institute of Chartered Accountants has announced a new alliance with the Institute of Directors on the same day as a rival organisation, CPA Australia, gained Financial Markets Authority permission to license auditors ... More >>
Vector chiefs rip into electricity regulators
Thursday, 18 October 2012, 4:12 pm | BusinessDesk
Oct. 18 (BusinessDesk) - The chairman and chief executive of Vector have both slammed the performance of its two regulators: the Commerce Commission and the Electricity Authority. More >>
Heartland investment grade credit rating affirmed, shares up
Thursday, 18 October 2012, 4:12 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Heartland New Zealand, the lender formed from the merger of Pyne Gould's Marac Finance with the Canterbury and Southern Cross building societies, had its investment grade credit rating affirmed as it crosses its fingers to secure ... More >>
Haier crosses 50% in F&P Appliances with sweeter bid
Thursday, 18 October 2012, 2:43 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Chinese whiteware maker Haier has pushed its bid Fisher & Paykel Appliances to $1.28 a share, the bottom end of the independent valuation range, gaining crucial support from institutional investors to meet its 50 percent ... More >>
Antitrust regulator checks up on credit card fee settlements
Thursday, 18 October 2012, 1:18 pm | BusinessDesk
Oct 18 (BusinessDesk) - The Commerce Commission has embarked on a survey of retailers to find out what impact its 2009 settlement agreements with credit card issuers MasterCard International and Visa and other financial institutions over the fees charged to ... More >>
MIDDAY UPDATE: NZ dollar gains after Spain retains rating
Thursday, 18 October 2012, 12:05 pm | BusinessDesk
Oct. 18 (BusinessDesk) – The New Zealand dollar rose after Moody’s Investors Service affirmed Spain’s investment grade credit rating, stoking risk appetite as traders position themselves ahead of the European Union summit starting Thursday ... More >>
CORRECT: Women remain 'under-utilised economic asset': Booz
Thursday, 18 October 2012, 11:40 am | BusinessDesk
Oct. 18 (BusinessDesk) - Women are an "under-utilised economic asset" in the global economy, according to a new survey by international consulting and management firm Booz and Co. More >>
Women remain 'under-utilised economic asset', Booze says
Thursday, 18 October 2012, 11:16 am | BusinessDesk
Oct 18 (BusinessDesk) - Women are an "under-utilised economic asset" in the global economy, according to a new survey by international consulting and management firm Booz and Co. More >>
Groser says government may ban some foreign carbon credits
Thursday, 18 October 2012, 10:41 am | BusinessDesk
Oct 17 (BusinessDesk) - Climate Change Minister Tim Groser has thrown a small bone to critics of the government's weakening of the emissions trading scheme, promising a review of low-quality foreign-sourced carbon credits that slipped through the cracks ... More >>
F&P Appliances halted pending announcement
Thursday, 18 October 2012, 10:31 am | BusinessDesk
Oct. 18 (BusinessDesk) - Fisher & Paykel Appliances shares have been halted pending an announcement after an independent evaluation deemed the takeover offer from 20 percent owner Haier of China was too low. More >>
CPA Australia wins accreditation to license auditors in NZ
Thursday, 18 October 2012, 10:03 am | BusinessDesk
Oct. 18 (BusinessDesk) - The Financial Markets Authority has accredited CPA Australia to license auditors who carry our audits in New Zealand in what is a challenge to dominance of the NZ Institute of Chartered Accountants. More >>
NZ dollar gains after Spain keeps rating, as EU summit looms
Thursday, 18 October 2012, 9:10 am | BusinessDesk
Oct. 18 (BusinessDesk) – The New Zealand dollar rose after Moody’s Investors Service affirmed Spain’s investment grade credit rating, stoking risk appetite as traders position themselves ahead of the European Union summit starting Thursday ... More >>
While you were sleeping: Housing offsets IBM, Intel
Thursday, 18 October 2012, 7:44 am | BusinessDesk
Oct 18 (BusinessDesk) – Wall Street opted to focus on another report pointing to better-than-expected signs of recovery in the American real estate market, as both Intel and IBM failed to deliver with their latest results. More >>
Fisher-managed Marlin Global faces fight from Elevation
Thursday, 18 October 2012, 7:26 am | BusinessDesk
Oct. 17 (BusinessDesk) - Marlin Global, the NZX-listed fund managed by Fisher Funds which invests in international equities, will be wound up with capital returned to shareholders if investor and rival fund manager Elevation Capital Management gets ... More >>
MARKET CLOSE: NZ shares rise as Telecom’s yield appeals
Wednesday, 17 October 2012, 5:41 pm | BusinessDesk
Oct. 17 (BusinessDesk) - New Zealand shares rose as investors were drawn to stocks with relatively appealing dividend yields such as Telecom and Restaurant Brands. SkyCity Entertainment Group rose ahead of its annual meeting. More >>
