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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 1289]
Hubbard's Southbury assets worth just $700k, liquidator says
Friday, 21 September 2012, 11:04 am | BusinessDesk
Sept. 21 (BusinessDesk) - Southbury Group, the primary holding company for the empire of deceased Timaru businessman Allan Hubbard, has just $700,000 in cash, according to the first liquidator's report. More >>
From the Farm: Central bank no nearer to currency controls
Friday, 21 September 2012, 9:43 am | BusinessDesk
The policy targets agreement was signed yesterday. Incoming Reserve Bank Governor Graeme Wheeler and Finance Minister Bill English signed off on a PTA with tweaks. More >>
NZ dollar gains as growth swells appeal, global outlook dims
Friday, 21 September 2012, 9:04 am | BusinessDesk
Sept. 21 (BusinessDesk) – The New Zealand dollar gained as growth in the domestic economy partly offset weaker offshore news, including continued contraction in Chinese and Europe-wide manufacturing. More >>
While you were sleeping: Gloomy manufacturing data
Friday, 21 September 2012, 7:37 am | BusinessDesk
Sept 21 (BusinessDesk) – The latest manufacturing data from the US, China and Europe did little to inspire confidence in the recovery of the global economy. More >>
MARKET CLOSE NZ shares rise, led by NZX, Kathmandu
Thursday, 20 September 2012, 5:44 pm | BusinessDesk
Sept. 20 (BusinessDesk) - New Zealand shares rose, paced by Kathmandu after the retailer showed an improvement in second-half trading and said it expects a better performance in 2013. NZX and Contact Energy were among leading gainers. The NZX 50 Index rose ... More >>
NZ dollar pares gains from GDP stats as Asian equities fall
Thursday, 20 September 2012, 5:40 pm | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar pared gains as weaker equity markets across Asia took the sheen off stronger than expected local second quarter economic growth. More >>
NZ legal system fails if Dotcom doesn't get info held by US
Thursday, 20 September 2012, 5:31 pm | BusinessDesk
NZ legal system fails if Dotcom doesn't get info held by US, says lawyer More >>
No point in NZ trying to drop strong kiwi dollar English
Thursday, 20 September 2012, 5:29 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Finance Minister Bill English has no truck with mounting calls for intervention by the Reserve Bank of New Zealand to bring down the high value of the New Zealand dollar. More >>
Dotcom says Mega empire will emerge anew if US case fails
Thursday, 20 September 2012, 4:50 pm | BusinessDesk
Dotcom says Mega empire will emerge in new form if US govt case falls over More >>
New RBNZ Governor sees scope to lean against ‘imbalances'
Thursday, 20 September 2012, 4:30 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Incoming Reserve Bank of New Zealand Governor Graeme Wheeler says amendments to the policy targets agreement gives the bank more authority “to lean against the build-up of financial imbalances” in the economy. Wheeler today ... More >>
Politicians, drivers top NZ fatties list: Weight Watchers
Thursday, 20 September 2012, 2:48 pm | BusinessDesk
Sept 20 (BusinessDesk) - New Zealand's politicians and drivers are among the nation's most overweight people, according to a Weight Watchers At Work survey. More >>
US only needs to prove answerable Dotcom case, lawyer says
Thursday, 20 September 2012, 1:53 pm | BusinessDesk
Sept. 20 (BusinessDesk) - New Zealand court-ordered discovery of evidence held by the US Federal government is a step too far, as the nation only has to prove internet tycoon Kim Dotcom has a case to answer, the Court of Appeal heard today. More >>
Veteran analyst Guy Hallwright leaves brokerage Forsyth Barr
Thursday, 20 September 2012, 1:11 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Veteran analyst, Guy Hallwright has left Forsyth Barr just two months after being found guilty of reckless disregard for the safety of others, causing grievous bodily harm over a traffic incident in Auckland. More >>
MIDDAY UPDATE: NZ dollar rises as GDP beats forecasts
Thursday, 20 September 2012, 12:25 pm | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar gained and is edging back toward 83 US cents after figures showed the local economy grew at a faster-than-expected pace in the second quarter, driven by record milk production and increased building ... More >>
Kathmandu FY profit falls 11% though 2H performance improves
Thursday, 20 September 2012, 12:20 pm | BusinessDesk
Sept. 20 (BusinessDesk) - Kathmandu posted an 11 percent decline in full-year profit as its gross margin shrank though the results showed an improvement in second half trading and the outdoor equipment chain said it expects a better performance in 2013. ... More >>
Restaurant Brands' 2Q sales rise 2.3% on Pizza Hut, KFC
Thursday, 20 September 2012, 11:50 am | BusinessDesk
Sept. 20 (BusinessDesk) - Restaurant Brands, which operates the local Pizza Hut, KFC and Starbucks brands, reported second-quarter sales rose 2.3 percent, led by an increase in Pizza Hut and KFC revenue. More >>
NZ dollar rises as 2Q economic growth beats forecasts
Thursday, 20 September 2012, 11:25 am | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar gained and is edging back toward 83 US cents after figures showed the local economy grew at a faster-than-expected pace in the second quarter, driven by record milk production and increased building ... More >>
NZ economy grows 0.6% in 2Q, led by milk production
Thursday, 20 September 2012, 10:47 am | BusinessDesk
NZ economy grows 0.6% in 2Q, led by milk production; 1Q revised down to 1% More >>
PGG Wrightson boss George Gould paid $1.5M in FY 2012
Thursday, 20 September 2012, 9:41 am | BusinessDesk
Sept. 20 (BusinessDesk) - PGG Wrighton's managing director George Gould was paid $1.5 million in his first full year in charge of the country's biggest rural services firm, in a period when the company also increased its number of highly paid executives. More >>
PGG Wrightson boss George Gould paid $1.5M in FY 2012
Thursday, 20 September 2012, 9:41 am | BusinessDesk
Sept. 20 (BusinessDesk) - PGG Wrighton's managing director George Gould was paid $1.5 million in his first full year in charge of the country's biggest rural services firm, in a period when the company also increased its number of highly paid executives. More >>
