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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 1292]
Renaissance settles legal action against Exeed
Monday, 17 September 2012, 5:12 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Renaissance Corp, which used to have a monopoly on New Zealand sales of Apple products, has settled legal action against Exeed over unresolved details of the sale of its IT distribution division. More >>
NZ dollar slips from six-month high as traders take profits
Monday, 17 September 2012, 5:08 pm | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar fell from near a six-month high against the greenback as some traders took profits on a currency that jumped in the wake of the Federal Reserve's announcement of a third round of large-scale asset ... More >>
NZ Dollar Outlook: Kiwi may rise on GDP, local data
Monday, 17 September 2012, 2:37 pm | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar may rise this week amid speculation figures will show the local economy has continued to expand in the face of weaker global growth. More >>
Farm loss case highlights Hubbard’s idiosyncratic records
Monday, 17 September 2012, 1:45 pm | BusinessDesk
Sept. 17 (BusinessDesk) - A Western Australian couple has lost a High Court case over the dissolution of a farm partnership in Canterbury where late businessman Allan Hubbard’s idiosyncratic record keeping made it difficult to prove what the partners ... More >>
MIDDAY UPDATE: Services sector stalls in August
Monday, 17 September 2012, 12:27 pm | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand's services sector stalled in August, led by a fall in employment and activity and sales, according to the BNZ-BusinessNZ performance of services index (PSI). More >>
NZ services sector stalls in August
Monday, 17 September 2012, 11:57 am | BusinessDesk
Sept 17 (BusinessDesk) - New Zealand's services sector stalled in August, led by a fall in employment and activity and sales, according to the BNZ-BusinessNZ performance of services index (PSI). More >>
NZ consumer confidence gains in Q3 as kiwis eye bargains
Monday, 17 September 2012, 10:33 am | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand consumer confidence has recovered in the third quarter of the year, with households more willing to buy major household items even as they report a deterioration in their own financial circumstances. More >>
NZ 2Q GDP seen slowing to 0.3 percent
Monday, 17 September 2012, 9:59 am | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand economy’s pace probably slowed in the second quarter from the first, though forecasts range from a small contraction to a modest 0.7 percent rise as economists ponder the impact of a strong kiwi dollar ... More >>
Warehouse buys Insight Traders for undisclosed sum
Monday, 17 September 2012, 9:54 am | BusinessDesk
Sept. 17 (BusinessDesk) - Warehouse Group, the biggest retailer on the NZX 50 Index, has purchased import specialist, Insight Traders for an undisclosed sum in a bid to better its bargain sourcing capabilities. More >>
NZ dollar falls after Egan-Jones cuts US rating on Fed's QE3
Monday, 17 September 2012, 8:31 am | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar fell after Egan-Jones Ratings cut its credit rating for the US, saying the Federal Reserve’s third round of large-scale asset purchases may hurt the world's biggest economy. More >>
World Week Ahead: Deciphering the data
Monday, 17 September 2012, 7:10 am | BusinessDesk
Sept. 17 (BusinessDesk) - Aggressive action by policy makers around the world has helped lift equities to multi-year highs, and these gains may be extended in coming days. Wall Street climbed to the highest levels since 2007 after the US Federal Reserve ... More >>
MONEY TALKS: Even the wise mistakes
Friday, 14 September 2012, 7:11 pm | BusinessDesk
Reserve Bank governor Alan Bollard made his last call on where interest rates should sit this week. More >>
REPEAT: NZ dollar reaches 6-month high as QE3 weighs on USD
Friday, 14 September 2012, 5:39 pm | BusinessDesk
REPEAT: NZ dollar jumps to 6-month high as QE3 weighs on greenback, stokes equity rally More >>
MARKET CLOSE: NZ shares rise to 4-yr high, paced by NZX, TME
Friday, 14 September 2012, 5:34 pm | BusinessDesk
MARKET CLOSE: NZ shares rise to 4-year high, paced by NZX, Trade Me, Fletcher More >>
NZ dollar jumps to 6-month high as QE3 weighs on greenback
Friday, 14 September 2012, 5:13 pm | BusinessDesk
NZ dollar jumps to 6-month high as QE3 weighs on greenback, stokes equity rally More >>
MONEY TALKS: Wise men make mistakes, fools repeat them
Friday, 14 September 2012, 3:27 pm | BusinessDesk
You might not have noticed amidst the hoopla of normal life, but Reserve Bank governor Alan Bollard made his last call on where interest rates should sit this week. More >>
NZ consumer confidence slips in September, caution prevails
Friday, 14 September 2012, 1:51 pm | BusinessDesk
Sept 14 (BusinessDesk) - New Zealand's consumer confidence eased in September as consumers remain cautious about spending money. More >>
MIDDAY UPDATE: NZ dollar above 83 US cents; Food price rise
Friday, 14 September 2012, 11:54 am | BusinessDesk
Sept 14 (BusinessDesk) – The New Zealand dollar climbed above 83 US cents for the first time since early March after the Federal Reserve said it will begin a third round of asset purchases in the world’s largest economy to boost growth and reduce ... More >>
NZ food prices rise in August, led by fruit and vegetables
Friday, 14 September 2012, 11:18 am | BusinessDesk
Sept. 14 (BusinessDesk) - New Zealand food prices rose in August, led by an increase in fruit and vegetables and non-alcoholic beverages. More >>
Southern Cross Medical Care annual surplus climbs 38%
Friday, 14 September 2012, 11:13 am | BusinessDesk
Sept. 14 (BusinessDesk) - Southern Cross Medical Care Society, the insurance arm of the not-for-profit health group, lifted its annual surplus 38 percent after a bottleneck in claims followed the 2011 Canterbury earthquake that levelled the country's ... More >>
