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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 1335]
From The Farm: Halal and other religious requirements
Thursday, 12 July 2012, 10:32 am | BusinessDesk
I’d love to catch a wild deer or pig to make sausages. These days hunting is high-tech with GPS collars for the dogs and a swift coup de grace with a knife to finish the beast. In the bush, animal ethics can get a bit iffy but hunting is a big part of ... More >>
PGC's Perpetual freezes mortgage fund
Thursday, 12 July 2012, 9:34 am | BusinessDesk
July 12 (BusinessDesk) - Pyne Gould's Perpetual Trust has frozen its $56.2 million mortgage fund after a surged in investors seeking to pull their cash out amid increased scrutiny of the firm's related party loans. More >>
HireQuip owners in receivership, operating units to be sold
Thursday, 12 July 2012, 9:12 am | BusinessDesk
July 12 (BusinessDesk) - The owners of equipment rental company HireQuip have been placed in receivership and the operating business is being prepared for sale, according to KordaMentha. More >>
NZ dollar pares gains after Fed fails to give QE3 signal
Thursday, 12 July 2012, 8:48 am | BusinessDesk
NZ dollar pares gains from 80 cents after Fed fails to give explicit stimulus signal More >>
While you were sleeping: Fed only talks the talk
Thursday, 12 July 2012, 7:42 am | BusinessDesk
July 12 (BusinessDesk) – Wall Street fell amid disappointment at the lack of a consensus among Federal Reserve policymakers to stimulate the pace of the world's largest economy. More >>
SpongeBob coins won’t cost NZ Mint as US broker collapses
Thursday, 12 July 2012, 7:25 am | BusinessDesk
July 12 (BusinessDesk) - The collapse of Iowa-based brokerage PFGBest won't leave NZ Mint out of pocket after the local precious metal minter was paid in full for its novelty SpongeBob Squarepants coins. More >>
Advanced Technology Institute launch looms, IRL role unclear
Wednesday, 11 July 2012, 6:21 pm | BusinessDesk
July 11 (BusinessDesk) - Science and Innovation Minister Steven Joyce is to launch the government's flagship innovation engine, the new Advanced Technology Institute, tomorrow but the Crown Research Institute at the heart of the proposal appears not ... More >>
MARKET CLOSE: NZ shares rise; Westpac, RBD gain
Wednesday, 11 July 2012, 5:53 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand shares rose after a report showed a jump in Australian consumer confidence, lifting stocks including Westpac Banking Corp. Restaurant Brands, the fast-food restaurant operator, led gainers. More >>
NZ dollar ekes out gains on upbeat Australian consumers
Wednesday, 11 July 2012, 5:37 pm | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar followed its trans-Tasman counterpart higher after an upbeat Australian consumer confidence report snapped pessimism after US stocks and commodity prices weakened. More >>
Gough founder's grandson takes control of family firm
Wednesday, 11 July 2012, 5:02 pm | BusinessDesk
July 11 (BusinessDesk) - Ben Gough, the grandson of a co-founder of Gough Group, has built up a controlling stake in the Christchurch-based equipment and machinery supplier. More >>
Oil explorers accused of ‘gaming’ Gisborne resource consents
Wednesday, 11 July 2012, 3:00 pm | BusinessDesk
July 11 (BusinessDesk) - The Environmental Defence Society is considering legal action and accuses Canada’s TAG Oil and its 50/50 Texan partner, Apache Corp, of "effectively gaming the system to make it easier for them to get consent for exploration drilling" ... More >>
MIDDAY UPDATE: Guest nights fall; NZ dollar cedes gains
Wednesday, 11 July 2012, 12:03 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand’s hotels and motels extended their run of falling guest nights in May, led by a decline in international visitor numbers. More >>
Falling foreign visitors drag down NZ guest nights
Wednesday, 11 July 2012, 11:46 am | BusinessDesk
July 11 (BusinessDesk) - New Zealand’s hotels and motels extended their run of falling guest nights in May, led by a decline in international visitor numbers. More >>
Hannah on SMEs: Credit cards and the small business
Wednesday, 11 July 2012, 10:33 am | BusinessDesk
July 10 (BusinessDesk) - As Liza Minnelli infamously sang in 1972 in Cabaret, "money makes the world go around … a mark, a yen, a buck, or a pound is all that makes the world go around, that clinking, clanking sound." More >>
ACC says low rates drive up cost of future claims
Wednesday, 11 July 2012, 9:38 am | BusinessDesk
ACC says NZ interest rates may stay low for longer, driving up cost of future claims More >>
NZ dollar cedes overnight gains as commodities, stocks drop
Wednesday, 11 July 2012, 8:54 am | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar gave up its overnight gains, to be little changed from yesterday, after commodity prices fell and US stocks weakened, taking the wind out of growth-linked currencies such as the kiwi. More >>
While you were sleeping: US earnings fall short
Wednesday, 11 July 2012, 7:42 am | BusinessDesk
July 11 (BusinessDesk) – Wall Street dropped as disappointing earnings reports fuelled concern that corporate America is struggling more than anticipated with the slowdown in European and Chinese economies. More >>
Timaru port boss takes a crack at Fonterra, KiwiRail
Tuesday, 10 July 2012, 6:49 pm | BusinessDesk
July 10 (BusinessDesk) - Timaru has lost its container port thanks to New Zealand government subsidies for its KiwiRail business and dairy cooperative Fonterra's decision to bypass Timaru in favour of Port of Lyttelton three years ago, says Timaru port's ... More >>
UPDATE: Port of Lyttelton winner as Timaru loses containers
Tuesday, 10 July 2012, 6:10 pm | BusinessDesk
(adds Fonterra quote at fourth paragraph, deletes reference to Timaru as "major" point of shipment in third paragraph) More >>
Lyttelton the likely winner as container lines drop Timaru
Tuesday, 10 July 2012, 6:02 pm | BusinessDesk
July 10 (BusinessDesk) - The port of Timaru has lost its container shipping services, leaving Lyttelton, Port Chalmers and Nelson offering containerised freight services as global shipping lines Maersk and Hamburg Sud pull the plug on the central South ... More >>
