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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 1352]
NZ property values extend gains in May: QV
Tuesday, 12 June 2012, 1:16 pm | BusinessDesk
June 12 (BusinessDesk) - The pace of annual gains in the value of houses accelerated in May, after relatively steady values over the past few months, according to government valuer Quotable Value. More >>
Fairfax Media flags18% drop in FY earnings as sales slide
Tuesday, 12 June 2012, 1:03 pm | BusinessDesk
June 12 (BusinessDesk) - Fairfax Media, the Australian media group that's taken charges of more than A$1 billion against its mastheads and goodwill since 2010, says sales continued to slide in its second half of this year, leading to an 18 percent slump ... More >>
IRG to sell assets, retain listed shell, King mulls bid
Tuesday, 12 June 2012, 12:06 pm | BusinessDesk
June 12 (BusinessDesk) – Investment Research Group, a financial advisory and media company, plans to sell its assets and retain its shell as a listed entity after reviewing its business options. More >>
MIDDAY UPDATE: Credit, debit card spending climbs 1.2%
Tuesday, 12 June 2012, 12:06 pm | BusinessDesk
June 12 (BusinessDesk) - New Zealanders spent more on their credit and debit cards in May for a second month, with more cash going towards fuel. More >>
NZ credit, debit card spending climbs 1.2% in May
Tuesday, 12 June 2012, 11:23 am | BusinessDesk
NZ credit, debit card spending climbs 1.2% in May as fuel takes a larger chunk More >>
NZ house sales, prices rise in May on Auckland, Canterbury
Tuesday, 12 June 2012, 10:53 am | BusinessDesk
June 12 (BusinessDesk) - New Zealand house sales and prices both rose last month on the continued strength of the Auckland and Canterbury property markets, according to Real Estate Institute figures. More >>
NZ dollar retreats as Spanish optimism fades, US stocks fall
Tuesday, 12 June 2012, 8:38 am | BusinessDesk
June 12 (BusinessDesk) - The New Zealand dollar fell more than half a US cent as optimism over Spain's 100 billion euro lifeline faded after questions were raised about who is going to pay for the bailout, sapping investor confidence and pushing ... More >>
While you were sleeping: Spanish aid might fall short
Tuesday, 12 June 2012, 7:29 am | BusinessDesk
June 12 (BusinessDesk) – The latest rescue in the euro zone has done little to stem concern that the region’s debt crisis will be resolved soon. More >>
MARKET CLOSE: NZ shares edge up; Steel & Tube, Fletcher gain
Monday, 11 June 2012, 5:44 pm | BusinessDesk
June 11 (BusinessDesk) - New Zealand shares rose in a session where an Australian holiday kept trading subdued. Steel & Tube led the advance of companies exposed to the building industry after Europe's bailout of Spain's banks stoked optimism ... More >>
NZ dollar extends rally as Spanish bailout stokes equities
Monday, 11 June 2012, 5:04 pm | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar extended its rally in local trading as Europe's 100 billion euro bailout for Spain's struggling banking sector stoked investor confidence, and pushed up stock markets around Asia. More >>
Reckless directors not criminal, law review submitters say
Monday, 11 June 2012, 4:17 pm | BusinessDesk
June 11 (BusinessDesk) - The government is casting too wide a net in deeming ‘reckless’ directors to be criminally culpable, according to a number of submissions on the revamp of New Zealand's decades-old Securities Act. More >>
Italian tomato dumping has small impact on the NZ market
Monday, 11 June 2012, 2:51 pm | BusinessDesk
June 11 (BusinessDesk) - The dumping of Italian processed tomatoes onto the New Zealand market has been found to have little impact, according to a Ministry of Economic Development report. More >>
Skellerup shifts chief financial officer Keogh to Agri role
Monday, 11 June 2012, 1:54 pm | BusinessDesk
June 11 (BusinessDesk) – Skellerup Holdings, the rubber goods and milking equipment manufacturer, has shifted chief financial office Guy Keogh to a new role in its Agri division and has begun a search for a new CFO. More >>
Vector inks gas sales with Fonterra, steel, power companies
Monday, 11 June 2012, 12:44 pm | BusinessDesk
June 11 (BusinessDesk) - Vector, Auckland gas, electricity and telecommunications networks owner, has extended its firmly contracted gas, with 5 petajoules of annual gas contracts signed with three major industrial users. More >>
MIDDAY UPDATE: Kiwi set to rise this week
Monday, 11 June 2012, 12:00 pm | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar may finish the week higher as markets digest a 100 billion euro rescue package for Spain's banks and the Reserve Banks review the official cash rate on Thursday. More >>
NZ Dollar Outlook: Kiwi to rise on Spain rescue; RBNZ looms
Monday, 11 June 2012, 11:40 am | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar may finish the week higher as markets digest a 100 billion euro rescue package for Spain's banks and the Reserve Banks review the official cash rate on Thursday. More >>
REPEAT: Lombard receivers may make claim vs. third parties
Monday, 11 June 2012, 11:10 am | BusinessDesk
June 11 (BusinessDesk) - The receivers for failed lender Lombard Finance & Investments have trimmed the top end of expected recoveries, and are likely to make a claim against third parties as they seek to claw back funds for jilted investors, according to ... More >>
Lombard receivers likely to make claim against third parties
Monday, 11 June 2012, 11:05 am | BusinessDesk
June 11 (BusinessDesk) - The receivers for failed lender Lombard Finance & Investments has trimmed the top end of expected recoveries, and is likely to make a claim against third parties as they seek to claw back funds for jilted investors, according to ... More >>
Kiwi biggest risk to govt forecasts for farm, forest exports
Monday, 11 June 2012, 11:03 am | BusinessDesk
June 11 (BusinessDesk) – The risk of the kiwi dollar remaining higher than expected over the next four years is the biggest risk to government forecasts for growth in the nation’s farm, forestry and seafood exports, a new government report says. More >>
SFO accuses financial adviser of swindling family, friends
Monday, 11 June 2012, 10:10 am | BusinessDesk
June 11 (BusinessDesk) - The Serious Fraud Office has accused North Shore financial adviser Evan Cherry of swindling family and friends in a fraud worth at least $5 million. More >>
