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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 1294]
Treaty settlement top-ups for Tainui, Ngai Tahu loom in 2013
Thursday, 13 September 2012, 8:38 am | BusinessDesk
Sept. 12 (BusinessDesk) – The Waikato-Tainui and Ngai Tahu iwi are poised to claim top-ups on their 1990s Treaty settlements because of a relativity clause that gets triggered when the so-called fiscal envelope is exceeded. More >>
NZ dollar falls vs. euro after German ruling, RBNZ awaited
Thursday, 13 September 2012, 8:31 am | BusinessDesk
Sept. 13 (BusinessDesk) – The New Zealand dollar weakened against the euro after a German court paved the way for the creation of a European Union bailout fund and as traders await Reserve Bank governor Alan Bollard’s final monetary policy statement ... More >>
While you were sleeping: German green light for Fed
Thursday, 13 September 2012, 7:31 am | BusinessDesk
Sept 13 (BusinessDesk) – After a German court paved the way for the creation of a European Union bailout fund, investors took a collective sigh of relief and refocused on whether the US Federal Reserve will announce a new round of bond-buying tomorrow. More >>
MARKET CLOSE: NZ share rise; F&P Appliances leads gainers
Wednesday, 12 September 2012, 6:00 pm | BusinessDesk
New Zealand shares rose, with Fisher & Paykel Appliances leading gainers for a third day after its biggest shareholder, Haier, detailed its offer to buy the remaining 80 percent of the company at a premium to recent trading. Retailers Michael Hill ... More >>
NZ dollar rises as QE3, German ruling on rescue fund looms
Wednesday, 12 September 2012, 5:28 pm | BusinessDesk
NZ dollar rises above 82 US cts as QE3, German ruling on rescue fund loom; RBNZ in background More >>
Dulux, Resene, Valspar win $90M Chch paint deal
Wednesday, 12 September 2012, 4:07 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Dulux Group, Resene Paints and Valspar Corp have won a $90 million government contract to supply 8 million liters of paint for use in rebuilding houses in Christchurch. More >>
Australia's Pie Face to open in NZ in April
Wednesday, 12 September 2012, 3:47 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Pie Face, the Sydney-based fast food bakery chain, has signed a memorandum of understanding with South Island Subway owners, Jared Palmer and Julian Field to roll out at least 62 stores in New Zealand over the 10 years. More >>
Wool Equities doubles loss as scouring cutbacks hit returns
Wednesday, 12 September 2012, 2:31 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Wool Equities, which develops and markets wool for its grower shareholders, doubled its annual loss amid cut backs in the scouring sector. More >>
From the Farm: Going high-tech
Wednesday, 12 September 2012, 2:22 pm | BusinessDesk
What’s the biggest recipient of the government’s 2012 Science Investment Round? A $15 million, six-year project by Industrial Research Ltd to create “a platform of critical enabling technologies targeted at developing high value co-products from ... More >>
CORRECTION Reserve Bank sticks to its guns on timing
Wednesday, 12 September 2012, 12:37 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Australian-owned banks operating in New Zealand are being required to meet new global capital adequacy rules two years ahead of their trans-Tasman parents. More >>
MIDDAY UPDATE: Haier flags possible sale of FPA finance
Wednesday, 12 September 2012, 12:00 pm | BusinessDesk
Sept. 12 (BusinessDesk) – Haier has signalled the possible sale of Fisher & Paykel Appliances’ finance unit, suggesting the consumer credit business may come on the market if the Chinese manufacturer succeeds in its bid for control of the ... More >>
Haier flags possible sale of FPA finance as shares rise
Wednesday, 12 September 2012, 11:36 am | BusinessDesk
Haier flags possible sale of FPA finance unit as target share price rises to near offer More >>
NZ guest nights fall in July, snapping two months of gains
Wednesday, 12 September 2012, 11:34 am | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand guest nights fell in July, snapping two months of gains, led by a fall in domestic and international guest nights. More >>
NZ Oil & Gas chairman Radford to depart after AGM
Wednesday, 12 September 2012, 10:45 am | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand Oil & Gas founding chairman Tony Radford will step down after next month's annual meeting and will be replaced by fellow director Peter Griffiths. More >>
ETS defenders seek 50% limit on foreign carbon credits
Wednesday, 12 September 2012, 10:36 am | BusinessDesk
Sept 12 (BusinessDesk) - Politicians are in for an ear-bashing from both environmentalists and foresters at select committee hearings this morning on the need to limit New Zealand industrial carbon emitters' use of foreign-sourced carbon credits to 50 percent ... More >>
Vital Healthcare sells Point Chevalier property for $5.25M
Wednesday, 12 September 2012, 10:18 am | BusinessDesk
Sept. 12 (BusinessDesk) - Vital Healthcare Property Trust, the NZSX-listed investor in health properties, has sold its Pitman House site in Auckland's Point Chevalier for $5.25 million. More >>
Paper Plus ran ruler over Whitcoulls, got very close
Wednesday, 12 September 2012, 10:18 am | BusinessDesk
Sept. 12 (BusinessDesk) - Paper Plus New Zealand, the cooperative franchisor of the Paper Plus, Take Note and Office Spot book and stationery stores, got “very close” to acquiring the Whitcoulls business from administrators last year though it was ... More >>
F&P Appliances set to jump to $1.20 offer price from Haier
Wednesday, 12 September 2012, 9:29 am | BusinessDesk
F&P Appliances set to jump to $1.20 offer price with Haier in reach of 50 percent minimum target More >>
Hannah on SMEs: don't underrate social media
Wednesday, 12 September 2012, 9:19 am | BusinessDesk
Sept 11. (BusinessDesk) - We've talked about traditional forms of advertising before - newspapers, magazines, television or radio advertisements, direct mail outs - advertising's bread and butter. More >>
Fitch affirms NZ's AA credit rating
Wednesday, 12 September 2012, 9:10 am | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand's AA sovereign credit rating has been affirmed by Fitch Ratings on the strength of its prudent management of monetary and fiscal policies, though the agency is skeptical the government will get its books back in ... More >>
