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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 1295]
NZ dollar climbs as Moody's warns on US credit rating
Wednesday, 12 September 2012, 8:42 am | BusinessDesk
NZ dollar climbs to month-high vs greenback as Moody's warns on US credit rating More >>
While you were sleeping: Fed bullishness prevails, for now
Wednesday, 12 September 2012, 7:50 am | BusinessDesk
Sept. 12 (BusinessDesk) - Stocks advanced on Wall Street and in Europe as investors bet the US Federal Reserve will announce a round of fresh stimulus measures this week. More >>
Haier makes $1.20-a-share cash offer for F&P Appliances
Tuesday, 11 September 2012, 7:39 pm | BusinessDesk
Haier makes $1.20-a-share cash offer for F&P Appliances, valuing target at $869 mln More >>
MARKET CLOSE: NZ shares rise, led by F&P Appliances
Tuesday, 11 September 2012, 5:32 pm | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealand shares rose, led by Fisher & Paykel Appliances on expectation its biggest shareholder, China’s Haier, will shortly make a takeover offer. Telecom and Fletcher Building, the biggest companies on the bourse, were among ... More >>
NZ dollar steady before German ruling on eurozone fund
Tuesday, 11 September 2012, 5:18 pm | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors await the German Constitutional Court judgment on the legality of the euro-zone's rescue fund and Thursday's Federal Open Market Committee meeting which ... More >>
Metlifecare sells Christchurch site to Bupa Care for $9.4M
Tuesday, 11 September 2012, 4:05 pm | BusinessDesk
Sept 11 (BusinessDesk) - Metlifecare, the retirement village operator, has sold its Ilam Park site in Christchurch to rival Bupa Care Services New Zealand for $9.4 million. More >>
Fletcher concludes negotiations on $300M Wiri prison project
Tuesday, 11 September 2012, 3:02 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Fletcher Building, New Zealand’s biggest construction company, said it has concluded negotiations with the government on the $300 million design and build for South Auckland’s new Wiri prison. More >>
Asian investors look to NZ after Australian hotel buy-up
Tuesday, 11 September 2012, 2:31 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Asian investors are looking to the New Zealand hotel sector after an Australian spending spree boosted sales across the Tasman by 96 percent. More >>
Crown agrees $170M Tuhoe settlement, compromise on Urewera
Tuesday, 11 September 2012, 2:26 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Ngai Tuhoe negotiators have agreed to settle the tribe’s historic grievances with the Crown in a $170 million deal that includes shared management of Te Urewera National Park. More >>
Reserve Bank sticks to its guns on timing of new bank rules
Tuesday, 11 September 2012, 1:32 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 >>
NZ property values extend gains in August: QV
Tuesday, 11 September 2012, 12:45 pm | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealand property values extended their gains in August, as first-home buyer interest picks up, interest rates remain low and banks relax lending criteria, according to government valuer Quotable Value. National property ... More >>
MIDDAY UPDATE: NZ card spending climbs 3% in August
Tuesday, 11 September 2012, 11:54 am | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealanders ramped up spending on their plastic cards last month after a record-spike in expenditure at the petrol pump. More >>
NZ local authorities spend record $2.3 bln in 2Q
Tuesday, 11 September 2012, 11:44 am | BusinessDesk
NZ local authorities spend record $2.3 bln in second quarter, generating deficit of $145M More >>
NZ credit, debit card spending rises; spike in fuel
Tuesday, 11 September 2012, 11:38 am | BusinessDesk
NZ credit, debit card spending climbs 3% in August on record-spike in fuel expenditure More >>
Nasdaq-listed Citrix buys Wellington's Beetil
Tuesday, 11 September 2012, 9:58 am | BusinessDesk
Sept. 11 (BusinessDesk) - Nasdaq-listed Citrix Systems, which supplies cloud-based IT services to businesses, has bought Wellington-based software firm Beetil Service Management for an undisclosed amount. More >>
DMO hires banks to help sell inflation-indexed bonds
Tuesday, 11 September 2012, 9:16 am | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand Debt Management Office, which sells government bonds to help fund the executive's spending programme, will offer inflation-indexed notes from next month and has appointed a syndicate to aid with issuing the debt. More >>
NZ dollar dips as US consumer credit drops, Greek debt woes
Tuesday, 11 September 2012, 9:04 am | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand dollar fell against most of its peers after an unexpected drop in US consumer credit and the Greek prime minister failed to win support from coalition partners on stiff budget cuts, weighing on stocks and sapping ... More >>
While you were sleeping: Greek-sponsored retreat
Tuesday, 11 September 2012, 7:24 am | BusinessDesk
While you were sleeping: Greek-sponsored retreat Sept 11 (BusinessDesk) – Stocks retreated as investor wariness about the outlook for the EU debt crisis, in particular Greece, offset hopes that the US central bank will act decisively later this week ... More >>
MARKET CLOSE: NZ shares rise: F&P Appliances on bid talk
Monday, 10 September 2012, 5:34 pm | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealand shares rose, led by Fisher & Paykel Appliances, which soared to a four-year high after major shareholder Haier of China indicated it may buy the whole company. Telecom paced declining stocks. More >>
NZ dollar edges up as investors look for Fed to print money
Monday, 10 September 2012, 5:22 pm | BusinessDesk
Sept. 10 (BusinessDesk) - The New Zealand dollar rose through the local trading session as investors get set for the US Federal Reserve to print more money when its reviews monetary policy later this week after weak jobs growth spurs it to action. More >>
