Scoop has an Ethical Paywall
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 1333]
NZ dollar rises ahead of CPI, traders mull US retail sales
Tuesday, 17 July 2012, 8:54 am | BusinessDesk
July 17 (BusinessDesk) - The New Zealand dollar gains before figures expected to show inflation is tame enough to rule out any immediate increase in interest rates and as traders digested weaker US retail sales and a cut to forecast global growth ... More >>
While you were sleeping: US retail sales disappoint
Tuesday, 17 July 2012, 7:44 am | BusinessDesk
July 17 (BusinessDesk) – Wall Street fell as US retail sales declined for a third straight month, while the International Monetary Fund reduced its forecasts for worldwide growth. More >>
MARKET CLOSE: NZ shares fall, paced by Telecom, Chorus
Monday, 16 July 2012, 5:55 pm | BusinessDesk
July 16 (BusinessDesk) - New Zealand shares extended their slide from a two-month high, paced by the biggest companies on the bourse, Telecom, Chorus and Fletcher Building, as offshore investors lightened their NZX holdings. More >>
NZ dollar little changed before CPI, Bernanke testimony
Monday, 16 July 2012, 5:19 pm | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar was little changed from the close of trading last week ahead of tomorrow's consumer price index, which is expected to show benign inflation in the second three months of the year. More >>
NZ’s main centres shine in otherwise gloomy trading for SMEs
Monday, 16 July 2012, 2:59 pm | BusinessDesk
July 16 (BusinessDesk) - Auckland, Wellington and Christchurch have topped an otherwise gloomy trading outlook for New Zealand's small to medium size enterprises, according to MYOB's July business monitor. More >>
Court orders liquidation of Hubbard-financed Papamoa project
Monday, 16 July 2012, 1:46 pm | BusinessDesk
July 16 (BusinessDesk) - The High Court at Timaru has appointed liquidators to a Papamoa property development over some $2.5 million owed to the frozen Aorangi Securities. More >>
OceanaGold says Didipio costs blow out by US$35M to US$220M
Monday, 16 July 2012, 1:06 pm | BusinessDesk
July 16 (BusinessDesk) - Macraes goldfield operator OceanaGold said its Didipio gold and copper project in the Philippines is now estimated to cost US$220 million, US$35 million more than the company announced in June last year. More >>
Wakefield Health to change name to Acurity
Monday, 16 July 2012, 12:28 pm | BusinessDesk
July 16 (BusinessDesk) - Wakefield Health, the private hospital investor, will ask shareholders next month to approve a name change to Acurity Health Group and a 5 percent increase in the pool of directors’ fees. More >>
MIDDAY UPDATE: NZ service sector grows at slower pace
Monday, 16 July 2012, 11:56 am | BusinessDesk
MIDDAY UPDATE: NZ service sector grows at slower pace; Hawaiian airlines to fly to Auckland More >>
NZ Dollar Outlook: Kiwi may fall on Bernanke; CPI looms
Monday, 16 July 2012, 11:50 am | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar may fall this week amid expectations Federal Reserve Chairman Ben Bernanke won't signal further monetary easing, while locally inflation numbers are likely to be tame enough to rule out interest rate ... More >>
NZ services sector grows at slower pace in June
Monday, 16 July 2012, 11:19 am | BusinessDesk
July 16 (BusinessDesk) - New Zealand’s services sector expanded at a slower pace in June, while remaining in growth for the 23rd month in a row, led by strong new orders/business. More >>
Hawaiian Airlines to fly direct to Auckland thrice weekly
Monday, 16 July 2012, 10:49 am | BusinessDesk
July 16 (BusinessDesk) - Hawaiian Airlines will start flying non-stop between Auckland and Honolulu three times a week from March 14 next year, Auckland International Airport (AIA) said. More >>
Telstra may get more from NZ sale in Vodafone spectrum swap
Monday, 16 July 2012, 10:48 am | BusinessDesk
July 16 (BusinessDesk) - Telstra Corp, the Australian phone company, may add to the $840 million it will get from the sale of its New Zealand unit by swapping certain spectrum rights with Vodafone New Zealand that could then be on-sold. More >>
NZ dollar gains as JPMorgan earnings beat expectations
Monday, 16 July 2012, 8:48 am | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar gained as investors were more upbeat after better-than-expected second-quarter earnings from investment bank JPMorgan & Chase, stoking appetite for higher-yielding assets. More >>
Transpower upgrade, food, building costs feature in 2Q CPI
Monday, 16 July 2012, 7:35 am | BusinessDesk
July 16 (BusinessDesk) - Higher electricity costs, as power companies hike prices to pay for Transpower’s grid upgrade, a jump in food prices and emerging pressure in building costs probably marked an otherwise tame pace of inflation in the second ... More >>
World Week Ahead: Bernanke's address to Congress
Monday, 16 July 2012, 6:52 am | BusinessDesk
World Week Ahead: Bernanke's address to Congress By Margreet Dietz July 16 (BusinessDesk) – All eyes will be on US Federal Reserve Chairman Ben Bernanke's semi-annual testimony to Congress on Tuesday and Wednesday as investors look for any clues about the potential ... More >>
MARKET CLOSE: NZ shares fall in face of Asia weakness
Friday, 13 July 2012, 5:48 pm | BusinessDesk
July 13 (BusinessDesk) - New Zealand shares fell, paced by the biggest companies on the bourse, Telecom and Fletcher Building after figures showed China's economy slowed as expected while Singapore’s contracted. More >>
NZ dollar gains as high yields draw demand on Asia weakness
Friday, 13 July 2012, 5:31 pm | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar rose in local trading as investors looked for assets that are still making positive returns in the face of slowing Asian economies. More >>
AMP Capital takes advantage of strong Telecom price to sell
Friday, 13 July 2012, 3:59 pm | BusinessDesk
July 13 (BusinessDesk) - AMP Capital Investors (New Zealand) has sold down its stake in Telecom to below 5 percent, taking advantage of a stock price trading around its highest levels in four years. More >>
MONEY TALKS: Tiptoeing into the interest-rate debate
Friday, 13 July 2012, 3:12 pm | BusinessDesk
They keep your mortgage repayments down, and when they're low it's generally an indication that prices aren't rising and don't look like doing so. More >>
