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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 1291]
Dairy prices rise 2.4%, fourth straight gain, in GDT auction
Wednesday, 19 September 2012, 7:01 am | BusinessDesk
Sept. 19 (BusinessDesk) - Dairy prices rose in the fourth straight gain on the GlobalDairyTrade platform, with gains for whole and skim milk powder, the largest products by volume sold. More >>
NZ dollar reaches 5-mth high vs. Australian dollar
Tuesday, 18 September 2012, 5:44 pm | BusinessDesk
NZ dollar reaches 5-mth high vs. Australian dollar as RBA sees risks in strong currency More >>
MARKET CLOSE: NZX 50 falls from 4-year high
Tuesday, 18 September 2012, 5:40 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index down from its highest in more than four years, as commodity prices gave up recent gains, weighing on stocks including NZ Oil & Gas and OceanaGold. More >>
Plan for a moribund economy, says BusinessNZ
Tuesday, 18 September 2012, 4:37 pm | BusinessDesk
Sept. 18 (BusinessDesk) - More evidence is emerging that the New Zealand economy remains stuck in a subdued, low-growth pattern, with BusinessNZ’s September Planning Forecast report showing the economy is "more or less stagnant." More >>
Last of the Fletchers retires from Fletcher Building
Tuesday, 18 September 2012, 4:33 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Fletcher Building non-executive director Hugh Fletcher will step down from the board of the country's biggest listed construction company, ending a family association with the firm stretching back more than 100 years. More >>
Hannah on SMEs: the people we love to hate
Tuesday, 18 September 2012, 3:22 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Bosses, the people we love to hate. Nine to five can be a dream or a nightmare depending on who's in charge. More >>
Australia releases draft of pension portability law
Tuesday, 18 September 2012, 1:57 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The Australian Federal Government is calling for public submissions on legislation to let superannuation schemes cross the Tasman, just one day after a joint Productivity Commissions' report into Closer Economic Relations ... More >>
National Finance’s Braithwaite gets 10 months home detention
Tuesday, 18 September 2012, 1:01 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Former National Finance 2000 director Carol Braithwaite has been sentenced to 10 months home detention and 300 hours community work after being convicted on one charge of making untrue statements in a prospectus. More >>
MIDDAY UPDATE: NZ dollar falls; IAG pays for miscalculation
Tuesday, 18 September 2012, 11:51 am | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar fell against the greenback as investors pause to consider the impact of the Federal Reserve's latest quantitative easing programme, pushing stock markets and other risk-sensitive assets lower. More >>
RESEND: KPMG expands reach in BoP via merger with Frasers
Tuesday, 18 September 2012, 11:25 am | BusinessDesk
Sept. 18 (BusinessDesk) - KPMG has brought the Tauranga and Bay of Plenty-based accounting firm Frasers for an undisclosed sum. More >>
IAG to pay up to $3.5M to policyholders after miscalculation
Tuesday, 18 September 2012, 11:24 am | BusinessDesk
Sept. 18 (BusinessDesk) - IAG New Zealand, the insurer that bought the good business of AMI Insurance for $380 million, has agreed to pay up to $3.5 million after finding a miscalculation in last year's Canterbury earthquake claims in some historical home ... More >>
KPMG expands reach in Bay of Plenty with merger with Frasers
Tuesday, 18 September 2012, 10:59 am | BusinessDesk
Sept 18 (BusinessDesk) - KPMG has brought the Tauranga and Bay of Plenty-based accounting firm Frasers for an undisclosed sum. More >>
Low-ball investor targets Unlisted's Rural Equities
Tuesday, 18 September 2012, 10:32 am | BusinessDesk
Sept. 18 (BusinessDesk) – Australia’s Stock and Share Trading has again targeted companies on the Unlisted platform, with an offer to shareholders of Rural Equities that is about 29 percent below their market price. More >>
EQC funding, structure come under microscope in govt review
Tuesday, 18 September 2012, 10:28 am | BusinessDesk
Sept. 18 (BusinessDesk) - The Earthquake Commission's funding and structure will come under scrutiny in a government review of the legislation designed to provide a degree of public insurance when natural disasters strike. More >>
PwC buys Asia-Pacific Risk Management for undisclosed sum
Tuesday, 18 September 2012, 9:26 am | BusinessDesk
Sept. 18 (BusinessDesk) - PwC, one of the big four global accounting firms, has bought local advisory firm Asia-Pacific Risk Management for an undisclosed sum and will appoint the directors as partners next month. More >>
NZ dollar falls as investors consider impact of Fed's QE3
Tuesday, 18 September 2012, 8:31 am | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar fell against the greenback as investors pause to consider the impact of the Federal Reserve's latest quantitative easing programme, pushing stock markets and other risk-sensitive assets lower. More >>
While you were sleeping: Apple soars, bucks trend
Tuesday, 18 September 2012, 7:34 am | BusinessDesk
Sept 18 (BusinessDesk) – Last week's rally proved a little too hard to sustain at the start of the week as investors reassessed equity valuations near five-year highs. Still, shares of Apple were deemed to contain plenty of value as iPhone 5 ... More >>
Government awaits Spring Creek rescue package advice
Monday, 17 September 2012, 5:58 pm | BusinessDesk
Sept 17 (BusinessDesk) - The government should cut Solid Energy some slack and allow the Spring Creek underground coal mine to stay open with reduced commercial expectations while global coking coal prices are low, says leading Australasian broking house ... More >>
NZ's financial stability very worrying, JB Were says
Monday, 17 September 2012, 5:54 pm | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand should be "very worried" about the stability of the country's financial system and active government support is required to save key regional industries, such as Solid Energy's Spring Creek coal mine, says ... More >>
MARKET CLOSE: NZ shares rise to new 4-year high; Fletcher up
Monday, 17 September 2012, 5:48 pm | BusinessDesk
MARKET CLOSE: NZ shares rise to new 4-year high; Fletcher at 6-month high More >>
