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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 1348]
Advice as important as savings, say financial advisers
Tuesday, 19 June 2012, 10:29 am | BusinessDesk
June 19 (BusinessDesk) - Good financial advice is as important as the act of saving for retirement, says the Institute of Financial Advisers in response to proposals from the Financial Services Council that New Zealanders be encouraged to save 10 ... More >>
Mexican addition to TPP talks may help NZ jump NAFTA hurdle
Tuesday, 19 June 2012, 10:22 am | BusinessDesk
June 19 (BusinessDesk) - Mexico, the world's 13th biggest economy, has accepted an invitation to join regional trade negotiations including New Zealand and Australia in a deal that could free up market access that's been hindered by the 1994 North ... More >>
NZ raises IMF commitment to $4.1B on Euro-jitters
Tuesday, 19 June 2012, 10:06 am | BusinessDesk
June 19 (BusinessDesk) - New Zealand is committing to lend the International Monetary Fund another $1.26 billion in the event of global economic turmoil, ahead of announcements expected from today's G20 meeting in Mexico on measures to counter the ongoing Eurozone ... More >>
Air NZ names Luxon as CEO after 13 months with company
Tuesday, 19 June 2012, 9:53 am | BusinessDesk
June 19 (BusinessDesk) - Air New Zealand, the airline slated for a government selldown, named Christopher Luxon as chief executive effective at the end of the year. More >>
NZ dollar holds above 79 US cts, G20 leaders lean on Merkel
Tuesday, 19 June 2012, 8:44 am | BusinessDesk
NZ dollar holds above 79 US cts as G20 leaders urge Europe to contain debt crisis More >>
While you were sleeping: Greek hope, Spanish concern
Tuesday, 19 June 2012, 7:28 am | BusinessDesk
June 19 (BusinessDesk) – Equity markets on both sides of the Atlantic reflected optimism that the Greeks will be able to form a government this time around as well as concern about the ability of Spain to stave off financial disaster. More >>
Rinehart lifts Fairfax stake to 18.7% as shares climb
Monday, 18 June 2012, 4:27 pm | BusinessDesk
June 18 (BusinessDesk) - Australian mining magnate Gina Rinehart lifted her stake in Fairfax Media to 18.7 percent, strengthening her case for a board seat as the media company cuts back on printing and puts content behind a digital paywall to ... More >>
Fairfax shares jump to 3-wk high as digital paywall welcomed
Monday, 18 June 2012, 2:16 pm | BusinessDesk
June 18 (BusinessDesk) - Fairfax Media shares jumped 7.4 percent after the media company said it will put content behind a digital paywall and pare back its printing business to contain costs as consumers migrate to the internet for news. More >>
Odyssey Marine gets 12% of Chatham Rock in charter payment
Monday, 18 June 2012, 12:51 pm | BusinessDesk
June 18 (BusinessDesk) - Odyssey Marine Exploration, the Nasdaq-listed marine explorer, has emerged as a 12.2 percent shareholder in Chatham Rock Phosphate after the company investigating the feasibility of mining rock phosphate from the seabed used shares ... More >>
Fairfax sells down Trade Me to fund publishing overhaul
Monday, 18 June 2012, 12:20 pm | BusinessDesk
June 18 (BusinessDesk) - Fairfax Media, the media company battling to contain costs as consumers migrate to the internet for news, has sold down its stake in Trade Me to pay for a three-year restructuring of its newspapers that will cost A$248 million ... More >>
MIDDAY UPDATE: Fairfax sells down Trade Me to 51%
Monday, 18 June 2012, 12:04 pm | BusinessDesk
June 18 (BusinessDesk) - Fairfax Media, which publishes the Dominion Post, Press, and Sydney Morning Herald newspapers, has sold down its stake in Trade Me to help cover the A$248 million cost of introducing an online paywall, downsizing its masthead ... More >>
Economists lower NZ economic growth track; inflation subdued
Monday, 18 June 2012, 12:00 pm | BusinessDesk
June 18 (BusinessDesk) - Economists have trimmed their forecasts for economic growth over the next two years, reflecting “anaemic” global demand, a subdued local economy and delays in the rebuild of Canterbury, according to the NZIER Consensus ... More >>
NZ service sector growth eclipses Australia in May
Monday, 18 June 2012, 11:17 am | BusinessDesk
June 18 (BusinessDesk) - New Zealand's service sector growth eclipsed Australia in May as rapid expansion in new orders underpinned the second-fastest monthly pace since at least April 2007. More >>
NZ Dollar Outlook: Kiwi to rise on relief over Greek poll
Monday, 18 June 2012, 10:56 am | BusinessDesk
NZ Dollar Outlook: Kiwi to rise on relief over Greek poll, prospect of Fed easing More >>
NZ consumer confidence dims in 2Q as outlook dims
Monday, 18 June 2012, 10:29 am | BusinessDesk
June 18 (BusinessDesk) - New Zealand consumer confidence dimmed in the second quarter of the year as people were content about the present, but increasingly gloomy about the future. More >>
Nuplex raises US$105M in US private placement
Monday, 18 June 2012, 10:20 am | BusinessDesk
June 18 (BusinessDesk) - Nuplex Industries, the specialty chemicals maker, raised US$105 million by tapping the US private placement market and will use the funds to refinance a facility used to acquire Viverso last year. More >>
Fletcher Building taps ex-Formica boss Adamson as new CEO
Monday, 18 June 2012, 9:59 am | BusinessDesk
June 18 (BusinessDesk) - Fletcher Building named Mark Adamson, an executive it picked up with the 2007 acquisition of Formica, as new chief executive, replacing Jonathan Ling. More >>
Trade Me in halt amid report Fairfax sells further 15% stake
Monday, 18 June 2012, 9:51 am | BusinessDesk
June 18 (BusinessDesk) - Shares in Trade Me have been put on a trading halt amid reports parent Fairfax Media has sold down its holding in the online auction house by another 15 percent. More >>
Trade Me in trading halt as Fairfax announcement looms
Monday, 18 June 2012, 9:37 am | BusinessDesk
June 18 (BusinessDesk) - Shares in online auction house Trade Me have been put on a trading halt pending a material announcement. More >>
NZ economy probably picked up pace in 1Q on dairy, meat
Monday, 18 June 2012, 8:36 am | BusinessDesk
June 15 (BusinessDesk) – The New Zealand economy probably continued to pick up pace in the first quarter, reflecting record milk production and increased livestock sent for slaughter, affirming the nation remains on a modest recovery track. More >>
