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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 1296]
Ngati Tama faces shortfall on Korean fishing venture
Monday, 10 September 2012, 4:49 pm | BusinessDesk
Sept 10 (BusinessDesk) - Taranaki iwi Ngati Tama faces a multi-million dollar shortfall from its investment in a Korean fishing vessel, whose Indonesian crew jumped ship last year amid claims of abuse and substandard pay conditions. More >>
MTS Energy, agent for Sinopec lubricants, lists on Unlisted
Monday, 10 September 2012, 4:36 pm | BusinessDesk
Sept. 10 (BusinessDesk) - MTS Energy, an importer and distributor of automotive lubricants, has listed its shares on Unlisted, bringing total companies on the platform to 16. More >>
NZ house sales gain 16% in August; Auckland leads
Monday, 10 September 2012, 2:13 pm | BusinessDesk
Sept 10 (BusinessDesk) - New Zealand home sales climbed 16 percent in August as the property market recovers from 2011's lows on the continued strength of the Auckland and Christchurch property markets. More >>
NZ policymakers back criminal sanctions for reckless boards
Monday, 10 September 2012, 12:29 pm | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealand directors could face criminal sanctions if their reckless behaviour leads to offer documents containing false statements as an overhaul of the nation's decades-old Securities Act gets a step closer. More >>
NZ manufacturing volumes rose 0.3 percent in second quarter
Monday, 10 September 2012, 12:25 pm | BusinessDesk
NZ manufacturing volumes rose 0.3 percent in second quarter, led by meat, dairy products More >>
MIDDAY UPDATE: F&P Appliances soars on Haier interest
Monday, 10 September 2012, 11:58 am | BusinessDesk
MIDDAY UPDATE: F&P Appliances soars on Haier interest; NZ dollar holds above 81 US cents More >>
NZ Dollar Outlook: Kiwi may rise as central banks meet
Monday, 10 September 2012, 11:31 am | BusinessDesk
Sept 10 (BusinessDesk) - The New Zealand dollar may rise this week after weak US employment data stoked expectations the Federal Reserve will loosen its monetary policy further, while at home, Reserve Bank governor Alan Bollard is expected to ... More >>
Pyne Gould mulls options as court rules FMA raids unlawful
Monday, 10 September 2012, 11:20 am | BusinessDesk
Sept. 10 (BusinessDesk) - Pyne Gould Corp and its trustee unit Perpetual Group are weighing up their options after the High Court ruled the Financial Markets Authority's raid for information was unlawful, though the market watchdog didn't have to return ... More >>
UPDATE: F&P Appliances soars to 4-year high on takeover talk
Monday, 10 September 2012, 10:25 am | BusinessDesk
UPDATE: F&P Appliances soars to 4-year high after Haier signals takeover offer at premium More >>
Telecom's Moutter steps down from board of debt-issuing unit
Monday, 10 September 2012, 9:53 am | BusinessDesk
Sept. 10 (BusinessDesk) - Telecom Corp boss Simon Moutter has stepped down from the board of the phone company's debt-issuing unit to focus on running the firm's main operations. More >>
China's Haier signals takeover bid for F&P Appliances
Monday, 10 September 2012, 9:19 am | BusinessDesk
Sept. 10 (BusinessDesk) - Fisher & Paykel Appliances says 20 percent shareholder Haier of China has indicated it may offer to buy the whole company and has approached three other major investors. More >>
RESEND: NZ dollar little changed as case for QE3 builds
Monday, 10 September 2012, 8:43 am | BusinessDesk
RESEND: NZ dollar holds above 81 US cents as weak US, Chinese data stokes QE3 prospects More >>
NZ dollar holds above 81 US cts amid building case for QE3
Monday, 10 September 2012, 8:29 am | BusinessDesk
Sept 10 (BusinessDesk) - The New Zealand dollar held above 81 US cents after by weaker-than-expected data out of the world's two largest economies, China and the US, stokes expectations their respective central banks will loosen monetary policy further. More >>
OCR may stay low until June 2013 MPS
Monday, 10 September 2012, 7:10 am | BusinessDesk
OCR may stay low until June 2013 MPS as modest growth keeps inflation in check More >>
World Week Ahead: Cue the Fed
Monday, 10 September 2012, 7:06 am | BusinessDesk
Sept. 10 (BusinessDesk) - The key question in the coming days is whether Federal Reserve policy makers will follow the example of their European counterparts by making good on a promise to help accelerate an increasingly languid US economy. The latest ... More >>
Green groups fight 'eccentric', 'misleading' RMA reforms
Sunday, 9 September 2012, 5:02 pm | BusinessDesk
Sept 9 (BusinessDesk) - A coalition of the country's leading environmental lobby groups has united to oppose what it says are an eccentric "dog's breakfast" of proposed reforms to the Resource Management Act. More >>
NZ central bank scolds Rabobank for pulling credit rating
Friday, 7 September 2012, 6:11 pm | BusinessDesk
Sept 7 (BusinessDesk) - New Zealand's Reserve Bank sent a formal warning to the local subsidiary of Dutch agricultural lender Rabobank for briefly withdrawing its credit rating in July. More >>
Trade Me eclipses parent Fairfax Media in market value
Friday, 7 September 2012, 5:43 pm | BusinessDesk
Trade Me shares climb to 3-month high as it joins S&P/ASX 300, market cap eclipses Fairfax More >>
REMARKET CLOSE: NZX 50 tops 3700, first time since Feb. 2008
Friday, 7 September 2012, 5:32 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index above 3700 for the first time since February 2008 as offshore investors were drawn to the relatively high dividend yields and defensive nature of the nation’s listed companies. More >>
MARKET CLOSE: NZX 50 tops 3700, frist time since Feb. 2008
Friday, 7 September 2012, 5:30 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index above 3700 for the first time since February 2008 as offshore investors were drawn to the relatively high dividend yields and defensive nature of the nation’s listed companies. More >>
