Scoop has an Ethical Paywall
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 1351]
Bollard keeps OCR unchanged, pushes out track for rate hikes
Thursday, 14 June 2012, 9:06 am | BusinessDesk
June 14 (BusinessDesk) - Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at 2.5 percent and pushed out the track for future rate hikes as Europe's instability weighs heavily on global growth. More >>
Hannah on SMEs: Women and business
Thursday, 14 June 2012, 9:05 am | BusinessDesk
June 12 (BusinessDesk) - Traditionally speaking women and business don't mix. We're mothers, housewives, child-bearers, cleaners and cooks. Men are providers - they go to work. More >>
NZ dollar falls before OCR review; Greek election looms
Thursday, 14 June 2012, 8:35 am | BusinessDesk
June 14 (BusinessDesk) - The New Zealand fell before the Reserve Bank's monetary policy review this morning, likely to keep interest rates on hold at a record low, and on speculation Greece will water down its austerity measures after this weekend's ... More >>
While you were sleeping: Another drop in US retail sales
Thursday, 14 June 2012, 7:24 am | BusinessDesk
June 14 (BusinessDesk) – Signs of tepid growth in the US economy and ongoing concern about Europe’s debt crisis weighed on equities on both sides of the Atlantic, and underpinned demand for Treasuries. More >>
NZ opens Northland to mineral explorers after consultation
Wednesday, 13 June 2012, 3:58 pm | BusinessDesk
June 13 (BusinessDesk) - The Ministry of Economic Development's Petroleum & Minerals unit is inviting bids for minerals exploration permits in Northland, keeping the tender area unchanged after consultation with local iwi and councils. More >>
Local govt carrying ‘relatively low’ debt levels: English
Wednesday, 13 June 2012, 2:34 pm | BusinessDesk
June 13 (BusinessDesk) – New Zealand's 78 local authorities are carrying a relatively low level of debt, Finance Minister Bill English has conceded when asked how councils could contribute to the nation’s spending on infrastructure. More >>
MIDDAY UPDATE: NZ dollar gains; SkyCity deal probed
Wednesday, 13 June 2012, 11:54 am | BusinessDesk
June 13 (BusinessDesk) - The New Zealand dollar has gained over half a US cent after the European Central Bank endorsed Spain's financial bailout even as Fitch Ratings said the nation won’t meet budget-deficit goals. More >>
ACC boss Stewart joins senior exodus over privacy breaches
Wednesday, 13 June 2012, 11:43 am | BusinessDesk
June 13 (BusinessDesk) - Accident Compensation Corp chief executive Ralph Stewart has quit after yesterday's boardroom clean-out and the continued fall-out from the Bronwyn Pullar saga. More >>
ANZ National owed $4.1M by 4RF, first receivers' report says
Wednesday, 13 June 2012, 11:42 am | BusinessDesk
June 13 (BusinessDesk) - 4RF Communications, which sells microwave radio products worldwide, owes ANZ National $4.1 million, while other creditors are yet to be confirmed, according to receiver PwC. More >>
Ebos funding line smaller than previously flagged at $135M
Wednesday, 13 June 2012, 11:32 am | BusinessDesk
June 13 (BusinessDesk) - Ebos Group, which bought animal health and pet food products maker Masterpet last year, has settled on a slightly smaller funding line than previously indicated as part of its new banking syndicate. More >>
Auditor-General to probe Sky City convention deal
Wednesday, 13 June 2012, 11:27 am | BusinessDesk
June 13 (BusinessDesk) – The Auditor-General will investigate how SkyCity Entertainment Group’s proposal to build a convention centre in Auckland in exchange for more pokie machines was chosen as the best option for the government. SkyCity’s shares ... More >>
MRP heralds low-cost power from latest geothermal plant
Wednesday, 13 June 2012, 10:10 am | BusinessDesk
June 13 (BusinessDesk) - State-owned MightyRiverPower expects electricity from its latest geothermal development to be lower than costs normally assumed for new geothermal power stations, and well below the assumed cost of new wind farms. More >>
NZ dollar gains as Spain bailout remains in focus
Wednesday, 13 June 2012, 8:42 am | BusinessDesk
June 13 (BusinessDesk) - The New Zealand dollar rose more than half a US cent after the European Central Bank endorsed Spain's financial bailout even as Fitch Ratings said the nation won’t meet budget-deficit goals. More >>
While you were sleeping: Hope for Fed lifeline
Wednesday, 13 June 2012, 7:27 am | BusinessDesk
June 13 (BusinessDesk) – Investors opted to rekindle optimism the US Federal Reserve will come up with measures to help spur the pace of growth soon, triggering a rally on Wall Street. More >>
NZ dollar pares loss as investors get jumpy over Europe
Tuesday, 12 June 2012, 6:31 pm | BusinessDesk
June 12 (BusinessDesk) - The New Zealand dollar pared its losses in local trading as investors remained nervous about the future of Europe after the bail out the Spanish banking sector, and as Greece prepares to go back to the polls this weekend. More >>
MARKET CLOSE: NZ shares fall, led by Rakon; Fletcher falls
Tuesday, 12 June 2012, 6:12 pm | BusinessDesk
June 12 (BusinessDesk) - New Zealand shares fell, led by Rakon, which drops out of the benchmark index next week, along with Steel & Tube. Telecom and Fletcher Building, the biggest companies on the bourse, paced the decline. More >>
Fairfax confirms Aussie editing jobs coming to NZ
Tuesday, 12 June 2012, 5:50 pm | BusinessDesk
June 12 (BusinessDesk) - Troubled Australasian publisher Fairfax Media has confirmed it will go ahead and shift 66 sub-editing jobs on some of its Australian regional newspapers to New Zealand. More >>
NZ card spending rises 5.8% in May: Paymark
Tuesday, 12 June 2012, 3:18 pm | BusinessDesk
June 12 (BusinessDesk) - New Zealanders boosted annual spending on their EFTPOS cards by 5.8 percent in May, led by an increase in transactions related to building products, processor Paymark says. More >>
ACC to focus on "rebuilding trust" as chairman steps aside
Tuesday, 12 June 2012, 2:00 pm | BusinessDesk
June 12 (BusinessDesk) - Accident Compensation Corporation chairman John Judge will step down at the end of the month, after an "agreement" that he would see out the financial year to June 30, ACC Minister Judith Collins announced. More >>
Bathurst gets coal appeal dates in October
Tuesday, 12 June 2012, 1:36 pm | BusinessDesk
June 12 (BusinessDesk) - Coking coal miner Bathurst Resources has be given October court dates for hearings against resource consents granted 14 months ago and opposed by environmental groups seeking to protect the Denniston Plateau from coal mining. More >>
