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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 1319]
Hannah on SMEs: passwords a secret worth managing
Wednesday, 8 August 2012, 11:03 am | BusinessDesk
Aug. 7 (BusinessDesk) - The golden rules to creating passwords are: don't tell anyone, don't use your birthday, and don't use the word "password" as your password. To me, these three rules are simple and blindingly obvious. But for too many small ... More >>
Pengxin welcomes Court rejection of Fay, Maori trust appeal
Wednesday, 8 August 2012, 11:02 am | BusinessDesk
Aug. 8 (BusinessDesk) - Shanghai Pengxin has welcomed a decision by the Court of Appeal to reject an attempt by Michael Fay and two Maori trusts to block the sale of the Crafar farms, saying it can now proceed with a programme of improvements for ... More >>
Brierley's Mercantile lifts offer for Adelaide Funds
Wednesday, 8 August 2012, 10:32 am | BusinessDesk
Aug. 8 (BusinessDesk) - Veteran corporate raider Ron Brierley's latest investment vehicle has lifted its offer for an Australian managed investment scheme in wind-down mode after missing with an opportunistic bid last year. More >>
Bendon merger with Pleasure State started with A$2M deposit
Wednesday, 8 August 2012, 9:07 am | BusinessDesk
Aug. 8 (BusinessDesk) - Bendon Group, which has the global distribution rights for Elle Macpherson Intimates and Stella McCartney underwear, put up A$2 million to kick off a 2011 merger with Australian rival Pleasure State in a deal that shrank millionaire ... More >>
NZ dollar falls over half a US cent; Key talks down currency
Wednesday, 8 August 2012, 8:47 am | BusinessDesk
Aug. 8 (BusinessDesk) - The New Zealand dollar fell over half a US cent after Prime Minister John Key indicated the kiwi has room to fall and its current strength could stifle the local economy. More >>
While you were sleeping: Earnings, jobs add up
Wednesday, 8 August 2012, 7:26 am | BusinessDesk
August 8 (BusinessDesk) – Solid earnings, including a record quarterly profit from Chesapeake Energy, and decent jobs numbers help put a positive spin on Wall Street today, underpinned by support for further bond-buying by the US Federal Reserve to ... More >>
MARKET CLOSE: NZ shares rise to 3-mth high as earnings loom
Tuesday, 7 August 2012, 5:35 pm | BusinessDesk
MARKET CLOSE: NZ shares rise to 3-mth high as earnings loom; Fletcher, KMD gain More >>
NZ dollar may extend gains after RBA more upbeat on outlook
Tuesday, 7 August 2012, 5:12 pm | BusinessDesk
Aug. 7 (BusinessDesk) - The New Zealand dollar may extend gains after the Reserve Bank of Australia was slightly more upbeat about the prospects for the so-called 'Lucky Country' and less pessimistic on China's slowdown, as it kept its target cash ... More >>
RBA keeps key rate at 3.5%; global outlook 'more subdued'
Tuesday, 7 August 2012, 5:09 pm | BusinessDesk
Reserve Bank of Australia keeps key rate at 3.5%, says global outlook ‘more subdued’ More >>
Helicopters NZ posts small loss in debut for Canadians
Tuesday, 7 August 2012, 12:53 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Helicopters NZ, acquired by Canadian Helicopters from the failed South Canterbury Finance last year, was dragged into the red in its debut reporting period under new owners because of related party interest costs and the ... More >>
2degrees hits 1 million customers
Tuesday, 7 August 2012, 12:40 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Two Degrees Mobile, the newest entrant in the mobile phone market, has continued to grab sales from bigger rivals Telecom and Vodafone New Zealand, boosting its market share to one million customers. More >>
2degrees hits 1 million customers
Tuesday, 7 August 2012, 12:29 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Two Degrees Mobile, the newest entrant in the mobile phone market, has continued to grab sales from bigger rivals Telecom and Vodafone New Zealand, boosting its market share to one million customers. More >>
MIDDAY UPDATE: NZ wages rise 0.5% in second quarter
Tuesday, 7 August 2012, 12:03 pm | BusinessDesk
Aug. 7 (BusinessDesk) - New Zealand wage inflation outpaced gains in consumer prices in the second quarter as employers added to their payrolls with longer hours worked in the period. More >>
Wellington commercial property market to remain subdued: KIP
Tuesday, 7 August 2012, 11:01 am | BusinessDesk
Aug. 7 (BusinessDesk) - Wellington's commercial property market is forecast to remain subdued for the next four years, according to Kiwi Income Property Trust. More >>
NZ wage inflation speeds more than consumer prices in 2Q
Tuesday, 7 August 2012, 10:56 am | BusinessDesk
Aug. 7 (BusinessDesk) - New Zealand wage inflation outpaced gains in consumer prices in the second quarter as employers added to their payrolls with longer hours worked in the period. More >>
NZ dollar climbs above 82 US cts as stocks, commodities gain
Tuesday, 7 August 2012, 9:04 am | BusinessDesk
Aug. 7 (BusinessDesk) - The New Zealand dollar climbed above 82 US cents for the first time in more than three months as stocks on Wall Street and commodity prices rallied, extending last week's upbeat sentiment on the prospect Spain will seek regional ... More >>
While you were sleeping: Wall Street off to good start
Tuesday, 7 August 2012, 7:35 am | BusinessDesk
August 7 (BusinessDesk) – Stocks advanced on both sides of the Atlantic as most US companies seem to have escaped the latest quarterly earnings season relatively unscathed, while there are reasons to be optimistic that Europe's sovereign debt ... More >>
Government buckles to green pressure, changes EEZ Bill
Monday, 6 August 2012, 7:32 pm | BusinessDesk
Aug. 6 (BusinessDesk) - The government has stepped back from a key part of its pro-growth agenda, softening the purpose clause in the bill permitting economic development in New Zealand's vast Exclusive Economic Zone. More >>
MARKET CLOSE: NZ shares join global rally, paced by Fletcher
Monday, 6 August 2012, 5:37 pm | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand stocks joined a region-wide rally after better-than-expected employment data in the US eased investors' concerns that global growth is slowing. The advance was paced by the biggest stocks on the bourse, Telecom and Fletcher Building. More >>
NZ dollar holds near 3-mth high on Bollard speech, US jobs
Monday, 6 August 2012, 5:34 pm | BusinessDesk
NZ dollar holds near 3-month high after Bollard points to low rates, US adds jobs More >>
