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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 1317]
NZ guest nights rise in June, snapping 5 months of declines
Friday, 10 August 2012, 11:30 am | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand guest nights rose in June, snapping five months of declines, led by an increase in domestic guest nights. More >>
NZ credit, debit card spending falls 0.8% in July
Friday, 10 August 2012, 11:15 am | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealanders' credit and debit card spending fell in July, snapping three months of gains, as kiwis cut down on how much they spent at bars and restaurants in what's traditionally the year's coldest month. More >>
Prime Port axes 50 jobs after losing container services
Friday, 10 August 2012, 10:54 am | BusinessDesk
Aug. 10 (BusinessDesk) - Prime Port Timaru, the most centrally located South Island port, will axe more than 50 jobs by the end of September after losing container shipping services in July, says the union whose members are affected.. More >>
NZ Refining’s refinery margins improve in May and June
Friday, 10 August 2012, 10:10 am | BusinessDesk
Aug. 10 (BusinessDesk) – New Zealand Refining, which operates the nation’s only oil refinery, said refinery fees improved to an average US$4.92 a barrel in the months of May and June, up from US$4.01 in the previous two months.. More >>
Heartland expects decision on banking licence in November
Friday, 10 August 2012, 10:02 am | BusinessDesk
Aug. 10 (BusinessDesk) - Heartland New Zealand, the lender formed from the merger of Pyne Gould's Marac Finance with the Canterbury and Southern Cross building societies, expects to get the decision on whether it can have a banking licence in November. More >>
Steel and Tube annual profit drops 23 percent
Friday, 10 August 2012, 9:10 am | BusinessDesk
Aug. 10 (BusinessDesk) - Steel & Tube, the constructions materials supplier, reported a 23 percent fall in annual profit as dwindling demand and stiff competition squeezed margins. More >>
NZ dollar falls as unemployment dents rate hike expectations
Friday, 10 August 2012, 8:27 am | BusinessDesk
Aug. 10 (BusinessDesk) - The New Zealand dollar fell against the greenback after weaker-than-forecast local unemployment data stoked expectations the Reserve Bank to push out its path to higher interest rates. More >>
While you were sleeping: Hope for central bank help
Friday, 10 August 2012, 7:34 am | BusinessDesk
August 10 (BusinessDesk) – Wall Street held on to recent gains as data showing China’s inflation and industrial production growth cooled in July fanned hopes that the central bank of the world's second-largest economy will act to accelerate ... More >>
NZ dollar falls to 3-week low vs Aus$ on jobs data
Thursday, 9 August 2012, 6:05 pm | BusinessDesk
NZ dollar falls to 3-week low vs Australian as figures show diverging labour markets More >>
MARKET CLOSE: NZ shares rise, paced by Fletcher, Cavalier
Thursday, 9 August 2012, 5:51 pm | BusinessDesk
Aug. 9 (BusinessDesk) - New Zealand shares rose, paced by construction firm Fletcher Building and carpet maker Cavalier after figures showed property values and homes sales jumped last month. More >>
Treed cats face uncertain future amid Fire Service review
Thursday, 9 August 2012, 5:44 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Firefighters are fulfilling community demands they're not funded for and are overlapping with other emergency services, the government says in terms of reference for a review of the activities and funding of the New Zealand ... More >>
Fiscal consolidation 'may persist' as economy rebalances
Thursday, 9 August 2012, 5:03 pm | BusinessDesk
Aug. 9 (BusinessDesk) - The New Zealand government may have to keep its spending in check for a while yet as the economy slowly rebalances away from the debt-fuelled consumption of the past couple of decades that saw private sector borrowing rise ... More >>
Joyce uses jobs data to make case for oil, intensive farming
Thursday, 9 August 2012, 4:34 pm | BusinessDesk
Aug 9 (BusinessDesk) - Economic Development Minister Steven Joyce has sought to deflect an unexpected jump in unemployment numbers to argue the case for economic growth in areas attracting strong public opposition. More >>
UPDATED: FMA mulls prospect of revisiting Blue Chip
Thursday, 9 August 2012, 4:28 pm | BusinessDesk
Aug. 9 (BusinessDesk) - The Financial Markets Authority is mulling what action it could take against Blue Chip now that the Supreme Court has ruled it was in breach of the Securities Act with a scheme to sell apartments in Auckland. More >>
NZ Post sells software support firm to B2BE
Thursday, 9 August 2012, 4:17 pm | BusinessDesk
Aug. 9 (BusinessDesk) - New Zealand Post, the state-owned postal service, sold its software support subsidiary in its latest move towards a slimmer operation as it deals with dwindling demand for its primary business. More >>
NZ home sales rise 20% in July; Auckland, Christchurch lead
Thursday, 9 August 2012, 4:00 pm | BusinessDesk
Aug. 9 (BusinessDesk) - New Zealand home sales climbed 20 percent in July as the property market extended its recovery from the 2011 lows on continued strength in Auckland and Christchurch even as prices fell from June's record high. More >>
Cue outlines four new wells for Maari field next year
Thursday, 9 August 2012, 3:51 pm | BusinessDesk
Aug 9 (BusinessDesk) - Cue Energy has unveiled plans to drill four new oil wells next year to increase oil production from the Taranaki offshore oil and gas field, Maari. More >>
Court relaxes freezing order on NZF Group assets
Thursday, 9 August 2012, 2:46 pm | BusinessDesk
Aug. 9 (BusinessDesk) - The High Court has relaxed a freezing order over NZF Group's assets as the troubled financial services firm battles with the receiver of its failed lending unit. More >>
Blue Chip investors win appeal in Supreme Court
Thursday, 9 August 2012, 2:10 pm | BusinessDesk
Aug. 9 (BusinessDesk) - A group of investors in Blue Chip have won their Supreme Court appeal against being forced to buy apartments in Auckland that were originally to be funded with assistance from the failed finance group. More >>
NZ consumer confidence lifts in August as outlook improves
Thursday, 9 August 2012, 1:52 pm | BusinessDesk
Aug. 9 (BusinessDesk) - New Zealand consumer confidence lifted in August as households feel more optimistic about their financial well-being. More >>
