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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 1340]
Dairy product prices fall 5.9% in GDT auction, volumes rise
Wednesday, 4 July 2012, 7:00 am | BusinessDesk
July 7 (BusinessDesk) – Prices of dairy products fell in Fonterra’s latest GlobalDairyTrade auction, mirroring a broader decline in New Zealand’s primary sector exports in the face of doubts about the strength of the world’s economic recovery. More >>
MARKET CLOSE: NZ shares extend gains; Fletcher at 2-wk high
Tuesday, 3 July 2012, 5:45 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand shares rose, with Fletcher Building gaining to a two-week high after closing a laminate plant in Spain and selling non-core assets in Australia. Renaissance, which is exiting its Apple distributorship, rose on light ... More >>
NZ dollar rises after RBA leaves rates unchanged
Tuesday, 3 July 2012, 5:13 pm | BusinessDesk
July 03 (BusinessDesk) - The New Zealand dollar rose against the greenback in local trading after the Reserve Bank of Australia left its official cash rate unchanged at 3.5 percent, even as it dimmed its international outlook. More >>
RBA keeps cash rate at 3.5% as global outlook dims
Tuesday, 3 July 2012, 5:08 pm | BusinessDesk
July 3 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 3.5 percent, saying inflation is likely to stay within its target range, though the international outlook has dimmed. More >>
ETS decisions to kill NZ carbon market for years
Tuesday, 3 July 2012, 3:24 pm | BusinessDesk
July 3 (BusinessDesk) - Government decisions to leave the emissions trading scheme at current settings indefinitely means the New Zealand carbon market has been "buried in a six-foot hole," says Nigel Brunel, head of carbon and energy trading at ... More >>
NZ commodity prices fall to lowest level since March 2010
Tuesday, 3 July 2012, 1:27 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand commodity prices fell to the lowest level in more than two years in June, led by dairy products such as milk powder, as Europe’s debt crisis weighs on global prices. More >>
MIDDAY UPDATE: NZ dollar holds above 80 US cents
Tuesday, 3 July 2012, 12:07 pm | BusinessDesk
MIDDAY UPDATE: NZ dollar holds above 80 US cents; Saville’s Utilico lifts stake in NZOG More >>
Hannah on SMEs: Pilates and a fruit bowl are not enough
Tuesday, 3 July 2012, 11:14 am | BusinessDesk
July 3 (BusinessDesk) - 6am. Your alarm clock buzzes and it feels like you haven't slept. You drag yourself out of bed and into the shower. Sigh - another day, another dollar. More >>
Mercer Group pays $1 mln for slice of Titan businesses
Tuesday, 3 July 2012, 9:13 am | BusinessDesk
July 3 (BusinessDesk) - Mercer Group, the stainless steel fabricator, has paid $1 million for a controlling stake in Titan Slicer, which designs and makes equipment to slice meats and cheese. More >>
NZ dollar rises after weaker-than-expected US manufacturing
Tuesday, 3 July 2012, 8:32 am | BusinessDesk
July 03 (BusinessDesk) - The New Zealand dollar rose after manufacturing data in the US unexpectedly shrank for the first time in three years, highlighting the relative strength of the Australasian economies. More >>
While you were sleeping: Manufacturing activity hit
Tuesday, 3 July 2012, 7:24 am | BusinessDesk
July 3 (BusinessDesk) – A bigger-than-expected slide in US manufacturing weighed on Wall Street, bolstering concern about a slowdown in the pace of expansion in the world's largest economy. More >>
MARKET CLOSE: NZ shares rise; EU pledge lifts risk sentiment
Monday, 2 July 2012, 5:42 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand shares rose, joining a global rally in equity markets after European leaders agreed to use their rescue funds to aid the region’s lenders. Telecom and Fletcher Building paced the advance. More >>
NZ dollar hits fresh 2-month high on EU bank pledge
Monday, 2 July 2012, 5:08 pm | BusinessDesk
NZ dollar hits fresh 2-mth high on EU’s bank pledge, central bank meetings More >>
TrustPower goes it alone on Snowtown Stage 2 for now
Monday, 2 July 2012, 4:10 pm | BusinessDesk
July 02 (BusinessDesk) - TrustPower is committing to the full cost of the A$465 million stage two development of the Snowtown South Australian wind farm, despite having no joint venture partner yet secured. More >>
NZ delays timing of higher ETS costs as global action stalls
Monday, 2 July 2012, 3:16 pm | BusinessDesk
July 2 (BusinessDesk) - The government has sided with advice from industry and farming lobbies, pushing out both the dates and levels at which New Zealand will face higher carbon costs under the country's emissions trading scheme. More >>
Pacific Brands repays A$15m, extends A$175m facility
Monday, 2 July 2012, 12:51 pm | BusinessDesk
July 2 (BusinessDesk) - Struggling clothing, footwear and homewares company Pacific Brands said it has extended its A$175 securitisation facility and repaid A$25 million of term debt. More >>
MIDDAY UPDATE: NZ dollar holds near 2-month high
Monday, 2 July 2012, 11:48 am | BusinessDesk
July 02 (BusinessDesk) – The New Zealand dollar held near a two-month high after European leaders pledged to provide aid for the region’s banks, spurring optimism that policymakers may be closer to resolving the euro-zone’s debt crisis. More >>
Freightways buys Dataprint for up to $6.5 million
Monday, 2 July 2012, 11:40 am | BusinessDesk
July 2 (BusinessDesk) - Freightways, the NZX listed courier and data management company, has purchased printing and data management firm Dataprint NZ Limited for up to $6.5 million. More >>
NZ Dollar Outlook: Kiwi may rise as central banks meet
Monday, 2 July 2012, 10:30 am | BusinessDesk
July 02 (BusinessDesk) - The New Zealand dollar may finish the week higher as markets digest the European Union's pledge to bail out the region's banks and as central banks around the world meet to discuss borrowing costs. More >>
NZ government workers are gloomiest in at least 6 years
Monday, 2 July 2012, 10:29 am | BusinessDesk
July 2 (BusinessDesk) - New Zealand government workers are the gloomiest about their own job security in at least six years, leading the fourth straight quarterly decline in the Westpac McDermott Miller Employment Confidence index. More >>
