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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 1293]
Windflow misses deadline for FY results, aims for Monday
Friday, 14 September 2012, 11:10 am | BusinessDesk
Sept. 14 (BusinessDesk) - Windflow Technology, the Christchurch-based manufacturer of wind turbines, missed the deadline for filing its annual results, saying a director is overseas, and has told the stock exchange it will file the report on Monday. More >>
Transport and local govt reforms at odds over 'well-beings'
Friday, 14 September 2012, 10:49 am | BusinessDesk
Sept. 14 (BusinessDesk) - An overhaul of the aims of local government, stripping its role back to core functions, may require changes to the Land Transport Management Act (LTMA) which contain similar, lofty aspirations for kiwis’ social, cultural ... More >>
CORRECT: Auckland Film Studios profit on blockbuster movie
Friday, 14 September 2012, 9:08 am | BusinessDesk
(Corrects net profit in second paragraph to include property revaluations, fixes chairman's name in 4th, gives group results in 9th in story that first ran on Sept. 13) Sept. 13 (BusinessDesk) - Local government-owned Auckland Film Studios returned ... More >>
NZ dollar climbs above 83 US cents after Fed unveils QE3
Friday, 14 September 2012, 8:28 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 >>
While you were sleeping: Fed delivers
Friday, 14 September 2012, 7:46 am | BusinessDesk
Sept 14 (BusinessDesk) – US Federal Reserve policy makers made good on a promise to help revive the world's largest economy with a plan for open-ended asset purchases and by pledging to keep its key interest rate at a record low until at least mid-2015. More >>
MARKET CLOSE: NZ shares fall, paced by Tower, PGW before Fed
Thursday, 13 September 2012, 6:07 pm | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand shares fell, nudging the NZX 50 Index from the highest in more than four years, on bets stocks have risen enough to account for any extra stimulus the Federal Reserve should announce this week. Tower and PGG ... More >>
Vital Healthcare buys Sportsmed•SA property for A$29.7M
Thursday, 13 September 2012, 5:49 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Vital Healthcare Property Trust, which invests in health clinics and other medical facilities, said it has acquired the land and buildings of Adelaide-based Sportsmed•SA for A$29.7 million, extending its footprint across ... More >>
NZ dollar gains in anticipation of Fed's QE3
Thursday, 13 September 2012, 5:19 pm | BusinessDesk
NZ dollar gains in anticipation of Fed's QE3, RBNZ pushes out timeline for rate hikes More >>
Auckland-owned film studio profits on Hollywood blockbuster
Thursday, 13 September 2012, 4:38 pm | BusinessDesk
Sept 13 (BusinessDesk) - Local government-owned Auckland Film Studios returned to profit as its facilities were kept busy by the post-World War II Hollywood production, Emperor, starring Matthew Fox and Tommy Lee Jones. More >>
Auckland University agrees to buy former Lion Breweries site
Thursday, 13 September 2012, 3:03 pm | BusinessDesk
Sept. 13 (BusinessDesk) - University of Auckland has conditionally agreed to buy a 5.2 hectare property in Newmarket that Lion Breweries bought back from property developers two years ago, saying the site could meet its expansion needs for years ... More >>
Bollard backs inflation-targeting in swansong appearance
Thursday, 13 September 2012, 2:58 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Reserve Bank governor Alan Bollard has thrown his support behind inflation as the primary target for the central bank's policy target agreement, and hosed down suggestions moving the official cash rate can have a lasting effect ... More >>
Homes and businesses lead energy efficiency gains, cars lag
Thursday, 13 September 2012, 2:08 pm | BusinessDesk
Sept 13 (BusinessDesk) - A swing away from heavy industry, more use of electricity for home heating and dramatically better use of planes contributed to an overall improvement in New Zealand's energy efficiency between 1990 and 2011, new figures ... More >>
MIDDAY UPDATE: RBNZ keeps OCR at 2.5%, manufacturing weakens
Thursday, 13 September 2012, 12:11 pm | BusinessDesk
Sept. 13 (BusinessDesk) - Reserve Bank governor Alan Bollard kept the official cash rate at 2.5 percent at his final review of monetary policy, saying the weak outlook for the country's trading partners threatens economic growth and the strong kiwi ... More >>
F&P Finance rating may be raised by S&P on Haier’s offer
Thursday, 13 September 2012, 12:05 pm | BusinessDesk
F&P Finance credit rating may be raised by S&P on Haier’s takeover of parent More >>
Bollard's last hurrah: rates on hold until 2014
Thursday, 13 September 2012, 11:28 am | BusinessDesk
Sept. 13 (BusinessDesk) – The Reserve Bank will probably keep interest rates on hold until the start of 2014 as New Zealand's trading partners struggle with a sluggish global economy, bringing it in line with market expectations. More >>
NZ manufacturing slips deeper into contraction in August
Thursday, 13 September 2012, 11:14 am | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand’s manufacturing sector fell further into contraction last month, with employment at its lowest since July 2009, suggesting weaker demand in key export markets and a resilient kiwi dollar are hurting companies. More >>
NZ govt austerity slows growth, keeps lid on rates RBNZ
Thursday, 13 September 2012, 9:17 am | BusinessDesk
Sept. 13 (BusinessDesk) - The New Zealand government's drive for fiscal austerity will hold back growth and keep interest rates lower for longer, the Reserve Bank says. More >>
Household savings set to shrink as bank funding improves
Thursday, 13 September 2012, 9:12 am | BusinessDesk
Sept. 13 (BusinessDesk) - New Zealand's lenders have found it easier to fund their lending profiles as strong local demand for term deposits and falling international wholesale rates pushes them well-beyond regulatory requirements, the central bank ... More >>
Bollard keeps OCR at 2.5%, citing EU weakness, high kiwi
Thursday, 13 September 2012, 9:10 am | BusinessDesk
Sept. 13 (BusinessDesk) - Reserve Bank governor Alan Bollard kept the official cash rate at 2.5 percent at his final review of monetary policy, saying the weak outlook for the country's trading partners threatens economic growth and the strong kiwi ... More >>
Tower chair Falconer steps down as insurer considers offers
Thursday, 13 September 2012, 8:59 am | BusinessDesk
Sept. 13 (BusinessDesk) – Tower chairman Bill Falconer has stepped down as the insurer considers proposals from other parties following a strategic review aimed at lifting the value of the company. More >>
