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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 1336]
MARKET CLOSE: NZ shares fall; Fletcher, FPH drop
Tuesday, 10 July 2012, 5:48 pm | BusinessDesk
New Zealand shares fell after figures showed China’s imports growing less than expected and as investors await the start of US earnings season. Fletcher Building and Fisher & Paykel Healthcare paced the decline. More >>
NZ dollar falls as Chinese imports grow less than expected
Tuesday, 10 July 2012, 5:32 pm | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar fell in local trading after figures showed the pace of Chinese import growth was slower than expected, raising fears demand is waning in the world's second-biggest economy. More >>
2degrees founder loses bid to stop his job being eliminated
Tuesday, 10 July 2012, 4:12 pm | BusinessDesk
July 10 (BusinessDesk) - Simon ‘Tex’ Edwards, one of the founders of the company now known as Two Degrees Mobile, has lost a bid to stop his job being eliminated and will leave at the end of this week. More >>
GPG mulls ways to bridge pension liabilities
Tuesday, 10 July 2012, 1:47 pm | BusinessDesk
July 10 (BusinessDesk) - Guinness Peat Group's board is looking at ways to meet the investment firm's pension obligations as its winds down its portfolio, having reached a 20.3 million pound settlement to cover the funding deficit of one of the Staveley ... More >>
Michael Hill FY same-store sales growth slowed by Australia
Tuesday, 10 July 2012, 1:39 pm | BusinessDesk
July 10 (BusinessDesk) - Michael Hill International, the listed jewellery chain, said full-year same-store sales edged up 0.3 percent as revenue in its largest market of Australia continuing to shrink. More >>
NZ property values extend gains in June: QV
Tuesday, 10 July 2012, 12:23 pm | BusinessDesk
July 10 (BusinessDesk) - New Zealand property values extended their gains last month as homes in Auckland and Christchurch continued to appreciate amid a shortage of supply, according to government valuer Quotable Value. More >>
MIDDAY UPDATE: NZ property values gain in June
Tuesday, 10 July 2012, 12:01 pm | BusinessDesk
July 10 (BusinessDesk) - The pace of annual gains in the value of houses climbed in June, with all the main centres recording increases over the past year, according to government valuer Quotable Value. More >>
New York-based fund emerges with 7.5% stake in Rubicon
Tuesday, 10 July 2012, 11:57 am | BusinessDesk
July 10 (BusinessDesk) - Sophrosyne Capital, a New York-based fund manager, has emerged with a 7.5 percent in Rubicon after doubling the size of its investment in the New Zealand forestry biotech firm’s recent rights issue. More >>
RESEND: Trafigura to buy copper from OceanaGold’s Didipio
Tuesday, 10 July 2012, 11:48 am | BusinessDesk
July 10 (BusinessDesk) - Trafigura Beheer BV, a global commodity trading firm, has agreed to buy all of the copper/gold concentrate from OceanaGold’s Didipio project in Luzon, northern Philippines. More >>
Trafigura agrees to buy copper from OceanaGold’s Didpio
Tuesday, 10 July 2012, 11:47 am | BusinessDesk
July 10 (BusinessDesk) - Trafigura Beheer BV, a global commodity trading firm, has agreed to buy all of the copper/gold concentrate from OceanaGold’s Didipio project in Luzon, northern Philippines. More >>
NZ credit, debit card spending rises 0.3% in June
Tuesday, 10 July 2012, 11:25 am | BusinessDesk
July 10 (BusinessDesk) - New Zealanders’ credit and debit card spending increased for a third consecutive month in June, led by an increase in hospitality and consumable purchases. More >>
Quantec to reap $2 million from Chinese milk protein deal
Tuesday, 10 July 2012, 10:27 am | BusinessDesk
July 10 (BusinessDesk) - Quantec, the Hamilton-based biotech company, has signed a $2 million deal with NZ New Paradise to use its patented milk protein ingredient, IDP, in its oral and throat care exports to China. More >>
NZ business confidence dims as economic recovery lags
Tuesday, 10 July 2012, 10:06 am | BusinessDesk
July 10 (BusinessDesk) - New Zealand firms became more pessimistic in the second quarter as the nation's economic recovery lagged behind expectations, according to the New Zealand Institute of Economic Research. More >>
NZ house prices hit new median high in June
Tuesday, 10 July 2012, 9:46 am | BusinessDesk
July 10 (BusinessDesk) - New Zealand house sales rose and the median price reached a new record high in June on the continued strength of the Auckland and Christchurch property markets, according to Real Estate Institute figures. More >>
Z bonds offered at 6.5 percent
Tuesday, 10 July 2012, 9:30 am | BusinessDesk
July 10 (BusinessDesk) - Z Energy's $100 million retail bonds issue will carry an interest rate of 6.5 percent, with bonds maturing on Nov. 15 2019, the company announced. More >>
Genesis Research sells shares equal to 20% of capital
Tuesday, 10 July 2012, 9:30 am | BusinessDesk
Genesis Research sells new shares equal to 20% of existing capital at 1 cent apiece More >>
Metlifecare receives OIA approval for merger deal
Tuesday, 10 July 2012, 9:02 am | BusinessDesk
July 10 (BusinessDesk) - Metlifecare, the retirement village operator, has received approval under the Overseas Investment Act for its merger with Vision Senior Living and Private Life Care. More >>
NZ dollar holds near record-high vs euro amid EU summit
Tuesday, 10 July 2012, 8:26 am | BusinessDesk
NZ dollar holds near record-high vs euro ahead of finance minister meeting, Spanish bond yields rise More >>
While you were sleeping: Worry about US earnings
Tuesday, 10 July 2012, 7:28 am | BusinessDesk
July 10 (BusinessDesk) – Wall Street fell as investors awaited Alcoa's results amid concern that Europe's debt crisis is out of control and hampering the recovery of the world's largest economy. More >>
Rakon board seeks fees rise to cover new director
Monday, 9 July 2012, 6:09 pm | BusinessDesk
July 9 (BusinessDesk) - Rakon, the communications components maker which dropped out of the NZX 50 index last month, will ask shareholders to lift its pool for directors' fees to cover the latest addition to the board. More >>
