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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 1290]
Chris Quin appointed as CEO of Telecom Retail
Thursday, 20 September 2012, 9:24 am | BusinessDesk
Sept. 20 (BusinessDesk) - Telecom, the largest company on the NZX 50, named Chris Quin as chief executive of its retail unit, effective Oct. 1. More >>
Kiwibank's life insurer gets 'a-' credit rating from AM Best
Thursday, 20 September 2012, 8:49 am | BusinessDesk
Sept. 20 (BusinessDesk) - State-owned lender Kiwibank's life insurance unit, Kiwi Life Insurance, has been assigned an ‘a-‘ credit rating by AM Best on the strength of the overall group's balance sheet. More >>
NZ dollar holds near 6-month high ahead of GDP
Thursday, 20 September 2012, 8:13 am | BusinessDesk
Sept. 20 (BusinessDesk) - The New Zealand dollar held near a six-month high amid speculation second-quarter gross domestic product will show the local economy has expanded in the face of weaker global growth. The New Zealand dollar was little changed ... More >>
While you were sleeping: US housing shows strength
Thursday, 20 September 2012, 7:39 am | BusinessDesk
Sept 20 (BusinessDesk) – Better-than-expected housing data bolstered Wall Street, while the Bank of Japan's decision to follow policy makers in the US and Europe by providing further stimulus for its languishing economy helped underpin the mood. More >>
RESEND: MARKET CLOSE: NZ shares fell; Telecom sheds div
Wednesday, 19 September 2012, 6:57 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand shares fell as some of the country's biggest companies, including Telecom, Chorus and Port of Tauranga shed their dividend diminishing the appeal for investors. More >>
UPDATED: Pyne Gould’s Perpetual among 3 awaiting licence
Wednesday, 19 September 2012, 6:49 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Pyne Gould's Perpetual Trust unit says it is one of three applicants for a trustee licence that the Financial Markets Authority will decide upon by the end of this month. More >>
MARKET CLOSE NZ shares fall; Telecom, Chorus shed dividend
Wednesday, 19 September 2012, 5:48 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand shares fell as some of the country's biggest companies, including Telecom, Chorus and Port of Tauranga shed their dividend diminishing the appeal for investors. More >>
NZ dollar climbs to 5-mth high vs. yen as BOJ primes printer
Wednesday, 19 September 2012, 5:36 pm | BusinessDesk
NZ dollar climbs to 5-mth high vs. yen after Bank of Japan prints more money More >>
Scott Technology looks to buy WA conveyor systems maker
Wednesday, 19 September 2012, 5:35 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Dunedin-based industrial automation firm Scott Technology has taken a stake in a Western Australian developer of a patented conveyor belt technology of use in the mining, bulk handling and automated processes markets. More >>
Neville Todd, David Stanley join Woodward's broking unit
Wednesday, 19 September 2012, 5:26 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Neville Todd, the former NZ head of Citigroup Global Markets , and veteran analyst David Stanley have joined the newly NZX-accredited equities broker for institutions Woodward Partners Securities. More >>
Inflation targeting has failed, RBNZ needs to change: Parker
Wednesday, 19 September 2012, 4:08 pm | BusinessDesk
Sept 19 (BusinessDesk) - Two decades of conventional monetary policy targeting low inflation have failed New Zealand, which has come through the global financial crisis with an over-valued exchange rate and persistently high balance of payments deficit, ... More >>
Australia's Lempriere locks up 75% of NZ Wool Services
Wednesday, 19 September 2012, 3:27 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Australian wool merchant and processor Lempriere Holdings has locked up three-quarters of New Zealand Wool Services International, scuttling a local joint venture’s plan to create a national wool scouring monopoly. More >>
Pyne Gould’s Perpetual expects trustee licence by month end
Wednesday, 19 September 2012, 3:21 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Pyne Gould's Perpetual Trust unit says it is one of three applicants for a trustee licence that the Financial Markets Authority is expected to grant at the end of this month. More >>
MIDDAY UPDATE: Annual current account gap widens
Wednesday, 19 September 2012, 12:03 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand’s annual current account deficit widened in the second quarter, as the nation’s Australian-owned banks reaped bigger profits and imports rose with fuel costs. More >>
Jetstar adds aircraft to NZ fleet, increases services
Wednesday, 19 September 2012, 11:43 am | BusinessDesk
Sept. 19 (BusinessDesk) - Jetstar, the discount brand of Australian airline Qantas Airways, will lift its New Zealand-based fleet by one aircraft to nine Airbus A320 planes while increasing domestic and trans-Tasman services. More >>
ASB chairman Walker to lead NZ Super Fund board
Wednesday, 19 September 2012, 11:35 am | BusinessDesk
Sept. 19 (BusinessDesk) - ASB chairman Gavin Walker has been appointed the next chair of Guardians of New Zealand Superannuation, which governs the country's $19.15 billion New Zealand Superannuation Fund. More >>
NZ annual current account gap widens less than feared
Wednesday, 19 September 2012, 11:32 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand’s annual current account deficit widened in the second quarter, as the nation’s Australian-owned banks reaped bigger profits and imports rose with fuel costs. More >>
Michael Hill prepares response to ATO over IP transfer
Wednesday, 19 September 2012, 10:55 am | BusinessDesk
Sept. 19 (BusinessDesk) - Michael Hill International, the jewellery chain that relocated to Australia in a move that generated tax benefits, says it will shortly respond to the Australian Tax Office’s challenge to the valuation of intellectual property ... More >>
NZ dollar gains vs euro as Spanish concerns resurface
Wednesday, 19 September 2012, 9:03 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar rose against the euro as traders speculated on Spain’s willingness to seek financial aid and ahead of current account figures for the second quarter that are expected to show a widening deficit. More >>
While you were sleeping: Wall Street, FedEx slide
Wednesday, 19 September 2012, 7:23 am | BusinessDesk
Sept 19 (BusinessDesk) – Wall Street moved lower as a profit warning by FedEx underpinned the ongoing uncertainty about the flagging economy both at home and abroad, bolstering the appeal of US Treasuries. More >>
