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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 1337]
MARKET CLOSE: NZ shares mixed in light trading
Monday, 9 July 2012, 5:50 pm | BusinessDesk
July 09 (BusinessDesk) - New Zealand shares were mixed as investors wait for companies to offer guidance on how they see the current environment when the local earnings season kicks off later this month. PGG Wrightson led gainers, while Kathmandu was ... More >>
NZ dollar hits 65 euro cents before finance ministers meet
Monday, 9 July 2012, 5:46 pm | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar touched a record-high against the euro as the region's finance ministers meet to discuss crisis-fighting measures adopted at June's Brussels summit. More >>
Bluff smelter posts loss for 2011 financial year
Monday, 9 July 2012, 3:18 pm | BusinessDesk
July 9 (BusinessDesk) - Rio Tinto's aluminium smelter at Bluff turned in an operating loss before revaluations of financial instruments of $19.56 million for the year to Dec. 31, close to the previous year's losses despite a 7.2 percent lift in total ... More >>
Tomlinson is Heartland's biggest shareholder after PGC sale
Monday, 9 July 2012, 1:37 pm | BusinessDesk
July 09 (BusinessDesk) - South Island businessman Greg Tomlinson has become the biggest shareholder in would-be bank Heartland New Zealand after Pyne Gould Corp sold down its holding last week. More >>
MIDDAY UPDATE: NZ dollar down over weekend, job ads up
Monday, 9 July 2012, 12:10 pm | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar fell from its recent two-month high against the greenback after US employment figures missed forecasts, reigniting fears the world's biggest economy isn't recovering as quickly as expected. More >>
Chatham Rock and Boskalis set to extend partnership
Monday, 9 July 2012, 11:54 am | BusinessDesk
July 9 (BusinessDesk) - Deep sea miner Chatham Rock Phosphate will start work on the next stage of its undersea project after meetings last week with Netherlands-based maritime infrastructure company, Royal Boskalis Westminster. More >>
NZ Dollar Outlook: US jobs, Europe woes to weigh on kiwi
Monday, 9 July 2012, 11:14 am | BusinessDesk
July 09 (BusinessDesk) - The New Zealand dollar faces downward pressure this week as investors search for fresh clues on the pace of global growth after US employment figures missed estimates and Europe struggles to find a credible solution to its ... More >>
Spurt in second quarter job ads, Trade Me listings show
Monday, 9 July 2012, 10:43 am | BusinessDesk
July 9 (BusinessDesk) - Growth in New Zealand job advertisements on the Trade Me website accelerated in the second quarter of the year, underpinned by continued demand for construction and architecture workers in Canterbury and a jump in legal and banking ... More >>
Chorus, TelstraClear cut deal over rural phone service levy
Monday, 9 July 2012, 10:28 am | BusinessDesk
July 9 (BusinessDesk) - Telecommunications companies Chorus and TelstraClear have cut a deal over the levies Telecom charged to run the nation's unprofitable rural phone services. More >>
Goodman sells Vector Centre for $20.35m
Monday, 9 July 2012, 10:24 am | BusinessDesk
July 9 (BusinessDesk) - Goodman Property Trust has sold the Vector Centre in Newmarket, Auckland for $20.35 million to a private investor. More >>
World Week Ahead: US earnings, China data
Monday, 9 July 2012, 8:34 am | BusinessDesk
By Margreet Dietz July 9 (BusinessDesk) – The next round of American corporate earnings, kicked off by Alcoa on Monday, are expected to show the negative impact of Europe's continued struggle to get its sovereign debt crisis under control, as ... More >>
NZ dollar falls below 80 US cts on weak US jobs report
Monday, 9 July 2012, 8:24 am | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar fell from its recent two-month high against the greenback after US employment figures missed forecasts, reigniting fears the world's biggest economy isn't recovering as quickly as expected. More >>
MARKET CLOSE: NZ shares fall as earnings season approaches
Friday, 6 July 2012, 6:08 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as markets wait on earnings season; PGC sells down HNZ, PGW stakes More >>
NZ dollar holds above 80 cents ahead of US employment data
Friday, 6 July 2012, 5:19 pm | BusinessDesk
July 6 (BusinessDesk) - The New Zealand dollar held near its recent two-month high in local trading ahead of US employment figures which are likely to show world's largest economy remains on track. More >>
Sanford takes $2M impairment on Northland oyster farms sale
Friday, 6 July 2012, 5:18 pm | BusinessDesk
July 6 (BusinessDesk) - Fishing and aquaculture firm Sanford is to sell its Pacific oyster farms in Northland to Maori-owned Aotearoa Fisheries, suffering a $2 million impairment on exit. More >>
MONEY TALKS: The curious case of Torchlight and the PGC loan
Friday, 6 July 2012, 4:14 pm | BusinessDesk
Humble pie is something I've become more accustomed to eating with age, and in the case Pyne Gould Corp, I think I'd have to applaud the majority of shareholders who took the money and got out when they had the chance. More >>
Renaissance shareholders approve sale of IT distribution
Friday, 6 July 2012, 3:30 pm | BusinessDesk
July 06 (BusinessDesk) - Shareholders of Renaissance Corp, which used to have a monopoly on national supply of Apple products, have voted to sell its IT distribution division to Exeed Limited, halving the size of its balance sheet. More >>
CORRECT: Adidas NZ returns to profit on Rugby World Cup
Friday, 6 July 2012, 1:52 pm | BusinessDesk
July 6 (BusinessDesk) - Adidas New Zealand, a subsidiary of the world's second-biggest sporting goods maker, returned a profit last year for the first time since 2007 after the Rugby World Cup helped lift sales. More >>
UPDATE: PGC's Torchlight sells down HNZ, PGW stakes
Friday, 6 July 2012, 1:02 pm | BusinessDesk
UPDATE: PGC's Torchlight sells down Heartland, Wrightson stakes amid probe into related party loans More >>
Tauranga port boss to Meridian board ahead of part-sale
Friday, 6 July 2012, 12:42 pm | BusinessDesk
July 6 (BusinessDesk) - Port of Tauranga chief executive Mark Cairns is among a crop of new directors appointed to the boards of Meridian and Genesis Energy as the two state-owned power companies prepare for partial privatisation. More >>
