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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 1279]
NZ shares mixed as heavyweight stocks fall, retailers gain
Tuesday, 9 October 2012, 5:45 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand shares were mixed in trading today as declining heavyweight stocks, including Fletcher Building and Contact Energy, were offset by gains in retail stocks offering investors better returns than term deposits. More >>
NZ dollar rises as Asian stocks gain amid hopes for China
Tuesday, 9 October 2012, 5:15 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar followed Asian equity markets higher amid hopes China's government will boost stimulus policies to stop the slowdown in the economy. More >>
Hannah on SMEs: Diversity, it's in vogue
Tuesday, 9 October 2012, 3:07 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Diversity, it's the latest business buzzword. Everywhere you look small and medium sized firms are champing at the bit to get amongst the business of diversity. More >>
KiwiSaver comparison rules released for comment
Tuesday, 9 October 2012, 1:30 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Commerce Minister Craig Foss is seeking submissions on draft rules he wants to impose that would lift disclosure requirements for KiwiSaver funds to make it easier for investors to make direct comparisons. More >>
NZ property values climb higher in September
Tuesday, 9 October 2012, 1:29 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand property values extended their gains last month, and have recovered the losses seen after the global financial crisis and the bursting of the country's housing bubble, according to government valuer Quotable Value. More >>
NZ property values climb higher in September
Tuesday, 9 October 2012, 1:25 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand property values extended their gains last month, and have recovered the losses seen after the global financial crisis and the bursting of the country's housing bubble, according to government valuer Quotable Value. More >>
NZ teens face $10.80 an hour youth wage rate
Tuesday, 9 October 2012, 12:44 pm | BusinessDesk
NZ teens face $10.80 an hour youth wage rate in government jobs boost bid More >>
h3>MIDDAY UPDATE: NZ dollar falls; business mood sags
Tuesday, 9 October 2012, 12:11 pm | BusinessDesk
Oct. 9 (BusinessDesk) – The New Zealand dollar fell against the greenback and the euro as European finance ministers prepare to meet in Luxembourg amid speculation Spain is struggling to avoid a bailout request. More >>
NZ credit, debit card spending falls 0.6% in September
Tuesday, 9 October 2012, 11:15 am | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealanders' credit and debit card spending fell in September, snapping August's gains after kiwis cut down how much they spent on consumable items such as food and liquor. More >>
NZIER sees slow second half as business confidence slides
Tuesday, 9 October 2012, 10:06 am | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand's economic growth is poised to slow in the second half of the year as local businesses got gloomier in the third quarter in a deteriorating trading environment, according to the New Zealand Institute of Economic Research. More >>
Home affordability improves, except in Auckland
Tuesday, 9 October 2012, 9:39 am | BusinessDesk
Oct. 9 (BusinessDesk) - Auckland is the only region in New Zealand where home affordability has declined over the past year, according to Massey University Real Estate Home Affordability Report. More >>
Auckland Council to offer $175M in retail bonds
Tuesday, 9 October 2012, 9:37 am | BusinessDesk
Oct. 8 (BusinessDesk) - Auckland Council, New Zealand's biggest local body after its amalgamation of eight of the region's councils into one in November 2010, wants to raise up to $175 million in a retail bond offer. More >>
NZ dollar falls as Spanish bailout still in focus
Tuesday, 9 October 2012, 8:16 am | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar fell against the greenback and the euro as European finance ministers prepare to meet in Luxembourg amid speculation Spain is struggling to avoid a bailout request. More >>
While you were sleeping: East Asian slowdown takes toll
Tuesday, 9 October 2012, 8:04 am | BusinessDesk
Oct. 9 (BusinessDesk) - Stocks on Wall Street and in Europe retreated after the World Bank cut its growth forecast for East Asia, sparking fears the global slowdown is snowballing, and as US quarterly earnings season looms. More >>
Domestic demand to drive Asian economies in coming slowdown
Monday, 8 October 2012, 6:14 pm | BusinessDesk
Oct. 8 (BusinessDesk) - The emerging economies of East Asia will rely on the growing spending power of their own people more than exporting to rich nations over the next year, with a slowdown in growth across the Asia-Pacific region, says the World Bank. More >>
Xero's ASX prospectus sees more losses, capital needs
Monday, 8 October 2012, 5:54 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Xero, the cloud accounting software firm, expects to make more losses in its push to become a global player and may raise more cash to pay for those plans, according to its prospectus for a secondary listing on the ASX. More >>
MARKET CLOSE NZ shares rise led by yield stocks
Monday, 8 October 2012, 5:41 pm | BusinessDesk
Oct. 8 (BusinessDesk) - New Zealand shares rose to a fresh four and a half year high as investors were drawn to stocks with relatively appealing dividend yields. The gainers were paced by the Warehouse Group, and electricity companies TrustPower and ... More >>
NZ dollar pares loss as US election raises questions for Fed
Monday, 8 October 2012, 5:20 pm | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar pared its loss from Friday when strong US jobs figures stoked demand for the greenback, with the possibility of a new US President raising question marks over the US Federal Reserve's monetary policy under ... More >>
Allied Farmers faces default as lender calls in $500k loan
Monday, 8 October 2012, 5:03 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Allied Farmers faces default on a repayment after a lender called in a $500,000 loan just hours after the company lodged annual accounts with the NZX in which the auditor, PwC, refused to give any opinion on their validity. More >>
NZ home sales, prices rise in Sept on strong Auckland demand
Monday, 8 October 2012, 3:03 pm | BusinessDesk
Oct. 8 (BusinessDesk) - New Zealand house sales rose in September, with a shortage of listings causing buyers to make rapid decisions and lifting house prices to record-highs in the Auckland and Nelson/Marlborough regions, according to the Real Estate Institute. More >>
