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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 1322]
ACCC ok with News Corp moving to control Foxtel
Thursday, 2 August 2012, 2:08 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The Australian Competition and Consumer Commission won't oppose News Corp’s A$1.97 billion takeover bid for rival Consolidated Media Holdings which would give the Rupert Murdoch-controlled media group control of Australia's ... More >>
From the Farm: Global prices distorted by climate
Thursday, 2 August 2012, 1:49 pm | BusinessDesk
When the latest results of the GlobalDairyTrade sale of dairy products were published overnight there was barely a flicker of reaction in currency markets. Perhaps the slightest movement of the kiwi against the greenback and the Australian dollar after ... More >>
NZ commodity prices fall 0.5% in July, 6th monthly decline
Thursday, 2 August 2012, 1:28 pm | BusinessDesk
Aug. 2 (BusinessDesk) - New Zealand commodity prices fell for the sixth straight month in July, as uncertainty over the global economy and Europe’s worsening debt crisis sapped demand for raw materials. More >>
ACCC ok with News Corp moving to control Foxtel
Thursday, 2 August 2012, 1:28 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The Australian Competition and Consumer Commission won't oppose News Corp’s A$1.97 billion takeover bid for rival Consolidated Media Holdings which would give the Rupert Murdoch-controlled media group control of Australia's ... More >>
Turners & Growers lifts first-half profit 2.2% to $7.1M
Thursday, 2 August 2012, 12:57 pm | BusinessDesk
Aug. 2 (BusinessDesk) - Turners & Growers said first-half net profit rose 2.2 percent to $7.1 million but didn't provide any other details. More >>
Craft beers lead uptake in NZ breweries
Thursday, 2 August 2012, 12:15 pm | BusinessDesk
Aug. 2 (BusinessDesk) – The number of New Zealand breweries almost doubled over the past four years, led by an increase in the number of small craft brewers, according to a Brewers Guild survey. More >>
MIDDAY UPDATE: NZ dollar falls as Fed on hold; Brewing booms
Thursday, 2 August 2012, 12:10 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve kept US monetary policy unchanged even while noting the world’s biggest economy may need help. More >>
Orange Finance moratorium ends in receivership
Thursday, 2 August 2012, 11:18 am | BusinessDesk
Aug 2 (BusinessDesk) - Orange Finance, the lender owned by Doug Somers-Edgar and managed by his Matrix Funding Group, has been sent to receivers after its three-and-a-half year moratorium on interest payments drew to a close with 72 cents in the dollar ... More >>
NZ dollar weakens as Fed keeps policy on hold; ECB looms
Thursday, 2 August 2012, 8:43 am | BusinessDesk
Aug. 2 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve kept US monetary policy unchanged even while noting the world’s biggest economy may need help. The greenback was broadly stronger after the statement. More >>
While you were sleeping: Fed leaves markets wanting
Thursday, 2 August 2012, 7:33 am | BusinessDesk
August 2 (BusinessDesk) – The Federal Reserve said that US economic activity had "decelerated somewhat" since its policymakers last met but failed to provide fresh clues on potential action to revive growth. More >>
Nufarm settles class action suit for A$43.5 mln
Thursday, 2 August 2012, 7:06 am | BusinessDesk
Aug. 2 (BusinessDesk) - Agricultural chemicals company Nufarm said it has reached a A$43.5 million conditional settlement of class action proceedings brought against it in early 2011 and which alleged material non-disclosure and over-optimistic profit ... More >>
Dairy product prices rise 3.5% in only fourth gain this year
Thursday, 2 August 2012, 7:00 am | BusinessDesk
Dairy product prices rise 3.5% in only fourth gain this year at GDT sale More >>
Participants sought for head-scratch on affording the future
Wednesday, 1 August 2012, 6:32 pm | BusinessDesk
Aug. 1 (BusinessDesk) - Plans are advancing rapidly for a high level, two-day conference in December in which a panel of experts and commentators will test the Treasury's assumptions about what New Zealand will need to earn to afford its future wishes ... More >>
MARKET CLOSE NZ shares fall as Chinese manufacturing slows
Wednesday, 1 August 2012, 5:56 pm | BusinessDesk
Aug 1 (BusinessDesk) - New Zealand shares fell from a 2 ½-month high as figures showing China's manufacturing expanded at the slowest pace in eight months weighed on equity markets and investors await the outcome of central bank meetings in the ... More >>
Failed Pacific Fibre 'too risky' for Super Fund
Wednesday, 1 August 2012, 5:48 pm | BusinessDesk
Aug 1 (BusinessDesk) - Pacific Fibre, which today pulled the plug on plans to build another international telecommunications cable linking New Zealand with the rest of the world, was too risky a proposition for the New Zealand Superannuation Fund ... More >>
NZ dollar rises; Chinese manufacturing slows, ECB, Fed loom
Wednesday, 1 August 2012, 5:22 pm | BusinessDesk
Aug 1 (BusinessDesk) - The New Zealand dollar rose above 8 1 US cents in local trading as official Chinese figures showed manufacturing in the world's second-biggest economy is still growing, albeit at a slower pace, and ahead of the European and US central ... More >>
Vodafone, iiNet call for NZ cable rivalry Pac Fibre fails
Wednesday, 1 August 2012, 4:54 pm | BusinessDesk
Aug 01 (BusinessDesk) - Vodafone New Zealand and iiNet back more competition among international cable networks, though neither is prepared to bear the brunt of Pacific Fibre abandoning its plans after struggling to attract funding. More >>
New EEZ regime too weak, environment commissioner says
Wednesday, 1 August 2012, 3:59 pm | BusinessDesk
Aug. 1 (BusinessDesk) – The parliament's independent environmental watchdog says the government's proposed law governing the vast ocean resources covered by New Zealand's Exclusive Economic Zone are too weak. More >>
China Taiping exits NZ citing reinsurance difficulties
Wednesday, 1 August 2012, 3:46 pm | BusinessDesk
Aug. 1 (BusinessDesk) - China Taiping Insurance (NZ), the local unit of the Hong Kong stock exchange-listed insurer, will exit the New Zealand market, effective immediately, citing difficulties obtaining reinsurance. More >>
Israeli Soda Stream investor to the rescue for 4RF
Wednesday, 1 August 2012, 2:48 pm | BusinessDesk
Aug 1 (BusinessDesk) - Fortissimo Capital, an Israeli private equity group, has acquired 4RF Limited for an undisclosed sum, allowing the award-winning Wellington-based microwave radio products developer to continue its growth path after its holding company was ... More >>
