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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 1347]
Air NZ passenger numbers rise in May
Wednesday, 20 June 2012, 3:43 pm | BusinessDesk
June 20 (BusinessDesk) - Air New Zealand's long-haul passenger numbers rose 4.8 percent in May, led by increase in the number of kiwis departing for Asia and Australia. More >>
BNZ CFO Ken Christie to take up NAB role
Wednesday, 20 June 2012, 3:41 pm | BusinessDesk
Bank of NZ chief financial officer Ken Christie to return to Australia for NAB role More >>
Tertiary students financial literacy target of new programme
Wednesday, 20 June 2012, 3:36 pm | BusinessDesk
June 20 (BusinessDesk) - Tertiary students' money management will be given a helping hand thanks to a joint initiative by the Commission for Financial Literacy and Retirement Income and Visa launched in Wellington today. More >>
MIDDAY UPDATE: NZ current-account deficit widens in 1Q
Wednesday, 20 June 2012, 12:00 pm | BusinessDesk
MIDDAY UPDATE: NZ current-account deficit widens in 1Q; NZ dollar hat 7-wk high More >>
Endace strategic review points to bigger focus on US market
Wednesday, 20 June 2012, 11:58 am | BusinessDesk
June 20 (BusinessDesk) - Endace, which commercialised cyber-security research done by Waikato University, will spend more time and money trying to break the back of the US market on the advice of a strategic review by Deutsche Bank. More >>
High Court erred in limiting claims against packaging cartel
Wednesday, 20 June 2012, 11:57 am | BusinessDesk
June 20 (BusinessDesk) – The Commerce Commission says the High Court erred in rejecting a much wider pattern of alleged cartel behaviour in the New Zealand packaging market when it dismissed much of its case against Australia’s Visy Board and a former ... More >>
Co-operative Bank names McLachlan as CEO, profit falls
Wednesday, 20 June 2012, 11:54 am | BusinessDesk
June 20 (BusinessDesk) - The Co-operative Bank, formerly known as PSIS, has appointed Bruce McLachlan as its new chief executive. The bank announced a fall in full-year profits. More >>
Tax crackdown bridges revenue loss from asset sales: Dunne
Wednesday, 20 June 2012, 11:00 am | BusinessDesk
June 20 (BusinessDesk) - The Inland Revenue Department's clampdown on tax avoidance and loopholes will bridge the gap left by the government's planned sell-down of its energy company holdings, according to Revenue Minister Peter Dunne. More >>
Pressure mounts on Japan as Canada joins TPP talks: Groser
Wednesday, 20 June 2012, 8:57 am | BusinessDesk
June 20 (BusinessDesk) - Japan will be keenly watching developments in Trans-Pacific Partnership after Canada followed Mexico's lead in accepting the offer to join the Asia Pacific bloc of nations negotiating a far-reaching trade deal. More >>
NZ dollar hits 7-week high on rumours of more US stimulus
Wednesday, 20 June 2012, 8:28 am | BusinessDesk
NZ dollar hits 7-week high amid speculation Fed will add stimulus to US economy More >>
While you were sleeping: EU spurs Greeks to move fast
Wednesday, 20 June 2012, 7:09 am | BusinessDesk
June 20 (BusinessDesk) – Expectations that the US Federal Reserve will announce measures tomorrow to prop up the flagging expansion bolstered Wall Street. More >>
MARKET CLOSE: NZ shares rise, pushing NZX 50 to month-high
Tuesday, 19 June 2012, 5:45 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand shares rose pushing the NZX 50 index to its highest level this month, as cloud-based accounting firm Xero benefited from its inclusion in the benchmark index while Air NZ rose after announcing a new chief executive. More >>
RBNZ backs inflation targeting, wants wider framework
Tuesday, 19 June 2012, 4:05 pm | BusinessDesk
June 19 (BusinessDesk) - The Reserve Bank backs inflation targeting as its primary goal, and wants a broader forecasting model to investigate what can lead to a disappointing economic recovery. More >>
RESEND: Solid Energy lifts Taranaki coal seam gas estimate
Tuesday, 19 June 2012, 3:31 pm | BusinessDesk
June 19 (BusinessDesk) - Solid Energy, the state-owned coal miner being prepared for partial sale, has announced a more-than fourfold increase in its contingent resources of coal seam gas in the Taranaki after exploration results were assessed by the US ... More >>
Solid Energy lifts Taranakiu coal seam gas estimate
Tuesday, 19 June 2012, 3:08 pm | BusinessDesk
June 19 (BusinessDesk) - Solid Energy, the state-owned coal miner being prepared for partial sale, has announced a more-than fourfold increase in its contingent resources of coal seam gas in the Taranaki after exploration results were assessed by the US ... More >>
Air NZ's new CEO Luxon sees profit in kiwis heading to US
Tuesday, 19 June 2012, 2:43 pm | BusinessDesk
June 19 (BusinessDesk) - Air New Zealand's new chief executive sees profit in kiwis heading to the US as the airliner targets a $110 million lift in earnings from its long-haul services by 2015. More >>
Telecom adds $400 mln to bank funding line
Tuesday, 19 June 2012, 1:48 pm | BusinessDesk
June 19 (BusinessDesk) - Telecom, New Zealand's biggest listed company, has added a further $400 million to its bank credit lines which it says it will use to repay short-term debt and general corporate purposes. More >>
MIDDAY UPDATE: Air NZ names Luxon as CEO
Tuesday, 19 June 2012, 12:00 pm | BusinessDesk
Air New Zealand, the airline slated for the government to sell down its stake, has named former Uniliver Christopher Luxon as the person to replace outgoing chief executive Rob Fyfe. More >>
NZ takeover of ASX-listed Hydromet on the home run
Tuesday, 19 June 2012, 11:19 am | BusinessDesk
June 19 (BusinessDesk) - New Zealand hazardous chemicals business Chempro Logistics is poised to take over ASX-listed industrial waste recycler Hydromet after hitting 90 percent acceptance Hydromet shareholders. More >>
Hannah on SMEs: prepared for the unexpected?
Tuesday, 19 June 2012, 10:57 am | BusinessDesk
June 19 (BusinessDesk) - Earthquakes and liquefaction are buzzwords that have become assimilated into kiwis' vocab in the wake of the Christchurch earthquakes. More >>
