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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 1327]
NZ dollar gains before OCR review, rises vs. pound
Thursday, 26 July 2012, 8:54 am | BusinessDesk
July 26 (BusinessDesk) - The New Zealand dollar rose against the greenback ahead of the central bank’s review of interest rates and strengthened against the pound after figures showed a deeper than expected UK recession. More >>
While you were sleeping: Boeing, Caterpillar lift outlook
Thursday, 26 July 2012, 7:43 am | BusinessDesk
July 26 (BusinessDesk) – Boeing and Caterpillar upgraded their full-year profit forecasts, providing a lift to Wall Street, as did bank stocks. More >>
While you were sleeping: Boeing, Caterpillar lift outlook
Thursday, 26 July 2012, 7:40 am | BusinessDesk
July 26 (BusinessDesk) – Boeing and Caterpillar upgraded their full-year profit forecasts, providing a lift to Wall Street, as did bank stocks. More >>
MARKET CLOSE: NZ shares join global slide, led by Xero, GFF
Wednesday, 25 July 2012, 6:07 pm | BusinessDesk
New Zealand shares joined a global side as markets focused on Europe’s debt crisis. The decline was paced by stocks as diverse as Xero, Goodman Fielder and SkyCity. More >>
Correct: Dorchester offers early buyback of notes
Wednesday, 25 July 2012, 5:51 pm | BusinessDesk
July 23 (BusinessDesk) - Dorchester Pacific, which avoided failure in 2010 by convincing investors to accept a debt-for-equity swap, is offering to buy back its June 2013 notes early for 92 cents in the dollar after gaining a new funding line for the purpose. More >>
NZ dollar falls after weak Australian inflation; RBNZ looms
Wednesday, 25 July 2012, 5:08 pm | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar fell to a five-week low as tepid inflation across the Tasman pared market bets the Reserve Bank of Australia will cut rates at its next meeting, which had been eroding the yield advantage of the ... More >>
Wig fumigation, honey tests & cheese rules among export woes
Wednesday, 25 July 2012, 4:43 pm | BusinessDesk
July 25 (BusinessDesk) - A survey of New Zealand exporters finds them optimistic about growth in the next year, despite battling needless wig fumigation, new manuka honey testing that throws up false positives, and other countries' finicky rules ... More >>
Hannah on SMEs: time's ticking; knee-rug sales to boom
Wednesday, 25 July 2012, 3:08 pm | BusinessDesk
July 24 (BusinessDesk) - New Zealand has a rapidly ageing population. In the past year our over 65 population has grown by 4 percent, while the under 40 population has shrunk, according to the New Zealand Institute of Economic Research latest Insights. More >>
NY-based Panache Beverages in talks to buy VnC
Wednesday, 25 July 2012, 2:38 pm | BusinessDesk
NY-based Panache Beverages may renew NZ ties, in talks to buy Auckland’s VnC Cocktails More >>
AWF Group expects strong annual profit growth
Wednesday, 25 July 2012, 1:45 pm | BusinessDesk
July 25 (BusinessDesk) - Contract labour company AWF Group expects strong profit growth this year, managing director Mike Huddleston told the annual shareholders' meeting. More >>
Allied granted waiver for $1.2M loan for bobby calf business
Wednesday, 25 July 2012, 1:45 pm | BusinessDesk
July 25 (BusinessDesk) - Allied Farmers, the company whose market value was all but wiped out when it acquired the financial assets of Hanover Finance, has been granted a waiver to borrow up to $1.2 million for the operations of its bobby calf venture. More >>
Comvita to seek deeper pool for directors' fees at AGM
Wednesday, 25 July 2012, 1:02 pm | BusinessDesk
July 25 (BusinessDesk) - Comvita, which makes products based the virtues of honey, will ask shareholders to approve a deeper pool of fees for directors to draw on at tomorrow's annual meeting. More >>
MIDDAY UPDATE: NZ dollar falls; trade surplus widens
Wednesday, 25 July 2012, 12:15 pm | BusinessDesk
July 25 (BusinessDesk) – The New Zealand dollar fell after Spain’s borrowing costs rose and European officials said Greece had little hope of meeting the terms of its bailout, sapping risk appetite and demand for so-called growth assets. More >>
NZ June trade surplus wider than expected on dairy exports
Wednesday, 25 July 2012, 11:40 am | BusinessDesk
July 25 (BusinessDesk) - New Zealand's trade surplus was wider than expected in the month of June as the country's dairy producers sold more product overseas. More >>
Choco-ade instigator swears campaign 'genuine' as sales soar
Wednesday, 25 July 2012, 11:36 am | BusinessDesk
July 25 (BusinessDesk) - Amber Johnson, the 35-year-old Upper Hutt mum who instigated the return of Griffin's Choco-ade, swears the private equity-owned biscuit maker played a genuine role in the grassroots campaign and not that of an ‘Astroturf’ ... More >>
Stewart, Royston Trust sew up control of Wakefield Health
Wednesday, 25 July 2012, 9:56 am | BusinessDesk
July 25 (BusinessDesk) - A joint venture between Stewart family's interests and the Royston Hospital Trust Board has pre-emptively sewn up control of Wakefield Health in a partial takeover bid for the private health service provider. More >>
NZ dollar falls as Spain, Greek debt fears sap risk appetite
Wednesday, 25 July 2012, 8:50 am | BusinessDesk
July 25 (BusinessDesk) - The New Zealand dollar shed about half a US cent after Spain's borrowing costs rose and European officials said Greece had little hope of meeting the terms of its bailout, sapping risk appetite and demand for so-called growth assets. More >>
While you were sleeping: UPS, Whirlpool disappoint
Wednesday, 25 July 2012, 7:30 am | BusinessDesk
July 25 (BusinessDesk) – Earnings that failed to meet expectations, including from United Parcel Service and Whirlpool, and further signs of deterioration in the euro zone hammered the mood on both sides of the Atlantic. More >>
Court overthrows Brownlee on Chch airport noise zone
Tuesday, 24 July 2012, 8:55 pm | BusinessDesk
July 24 (BusinessDesk) - A High Court judge has clipped Earthquake Recovery Minister Gerry Brownlee's emergency powers by setting aside a decision by Brownlee to prevent residential development on private land around Christchurch International Airport, ... More >>
Goff warns US on TPP expectations, cuddles China
Tuesday, 24 July 2012, 6:43 pm | BusinessDesk
July 24 (BusinessDesk) - A Labour-led government would not allow the United States to dictate terms on the Trans-Pacific Partnership free trade agreements or allow the US to use the agreement as a pretext for containing "China's economic advance." More >>
