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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 1366]
ANZ Bank to invest A$300 mln in China to expand network
Wednesday, 16 May 2012, 9:57 am | BusinessDesk
May 16 (BusinessDesk) - Australia and New Zealand Banking Group, Australia's third-largest lender, plans to invest A$300 million to expand its branch network and increase lending in China, the world's second-biggest economy. More >>
Regulator probes Sky TV content contracts, approves Igloo JV
Wednesday, 16 May 2012, 9:10 am | BusinessDesk
NZ regulator launches probe into Sky TV content contracts, gives thumbs up to Igloo JV More >>
NZ dollar drops as Greece calls new poll, dairy prices fall
Wednesday, 16 May 2012, 8:50 am | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar fell 1 US cent after Greek politicians called for new elections after crisis talks failed and dairy product prices declined for the third straight sale in Fonterra's global auction. More >>
While you were sleeping: Worries on euro risk
Wednesday, 16 May 2012, 7:42 am | BusinessDesk
May 16 (BusinessDesk) - Wall Street struggled after Greece called for a new election following politicians' failure to form a government, even as American data provided good news on the US economy. The euro sank to a four-month low against the greenback. More >>
MARKET CLOSE: NZ shares fall; OceanaGold drops with gold
Tuesday, 15 May 2012, 5:59 pm | BusinessDesk
May 15 (BusinessDesk) - New Zealand shares fell, led by OceanaGold, which fell to the lowest level in more than two years as the price of gold weakened. Port of Tauranga and Ryman Healthcare paced the decline. More >>
Rebstock to head panel assessing actuarial value of welfare
Tuesday, 15 May 2012, 5:35 pm | BusinessDesk
May 15 (BusinessDesk) - Former Commerce Commission chair Paula Rebstock will head a new panel tasked with overseeing the actuarial valuation of New Zealand's long-term welfare liabilities. More >>
NZ dollar may rise as Facebook euphoria stokes risk appetite
Tuesday, 15 May 2012, 5:29 pm | BusinessDesk
May 15 (BusinessDesk) - The New Zealand dollar may rise over the next couple of days as reports that Facebook 's initial public offering closed before its official Friday launch stokes investor appetite for growth or riskier assets. More >>
NZ farm sales set to fall as stellar season ends, REINZ says
Tuesday, 15 May 2012, 4:40 pm | BusinessDesk
NZ farm sales set to fall as stellar season comes to an end, REINZ says More >>
NZ electioneering puts TVNZ at 'commercial disadvantage'
Tuesday, 15 May 2012, 2:06 pm | BusinessDesk
May 15 (BusinessDesk) - State-owned broadcaster Television New Zealand wants to ditch its legislated obligation to provide an advertising platform in the lead-up to a general election, saying the low-rating broadcasts go against its new remit to act ... More >>
Harley woos kiwi women even as NZ sales of big bikes fall
Tuesday, 15 May 2012, 2:04 pm | BusinessDesk
May 8 (BusinessDesk) - Harley-Davidson, the US motorcycle company founded in 1903, has doubled sales to kiwi women in the past three years even as the nation’s overall market for big bikes has shrunk. More >>
MIDDAY UPDATE: Pacific Brands ends takeover talks
Tuesday, 15 May 2012, 12:00 pm | BusinessDesk
May 15 (BusinessDesk) - Pacific Brands, which wrote down its ailing underwear business by A$388.7 million in February, has ended takeover talks with at least two prospective suitors. More >>
Pacific Brands ends takeover talks, affirms guidance
Tuesday, 15 May 2012, 11:48 am | BusinessDesk
May 15 (BusinessDesk) - Pacific Brands, which wrote down its ailing underwear business by A$388.7 million in February, has backed away from a takeover bid after holding early talks with at least two prospective suitors. More >>
PwC pair turned down as Wire By Design liquidators
Tuesday, 15 May 2012, 11:07 am | BusinessDesk
May 15 (BusinessDesk) – Colin McCloy and Craig Sanson of accounting firm PwC have been turned down as liquidators of Auckland engineering company Wire By Design because of their role in winding up a related company. More >>
Infratil boosts dividend as full-year earnings beat forecast
Tuesday, 15 May 2012, 10:48 am | BusinessDesk
May 15 (BusinessDesk) - Infratil, the infrastructure investment firm whose founder Lloyd Morrison died this year, lifted its full-year dividend after earnings beat expectations. More >>
Elliott leaving Contact for Origin role
Tuesday, 15 May 2012, 10:38 am | BusinessDesk
May 15 (BusinessDesk) - Contact Energy, the biggest power company on the NZX 50, said chief financial officer Mark Elliott has resigned to take up a job with Australian parent Origin Energy. More >>
RESEND: NZ tourism sector asks Key to challenge Aussie tax
Tuesday, 15 May 2012, 9:27 am | BusinessDesk
May 15 (BusinessDesk) – New Zealand’s tourism industry lobby has called on Prime Minister John Key to challenge a 17 percent hike in departure taxes in Australia, the nation’s biggest source of overseas visitors. Australia's federal government ... More >>
NZ tourism sector asks Key to challenge Aussie departure tax
Tuesday, 15 May 2012, 9:23 am | BusinessDesk
May 10 (BusinessDesk) – New Zealand’s tourism industry lobby has called on Prime Minister John Key to challenge a 17 percent hike in departure taxes in Australia, the nation’s biggest source of overseas visitors. Australia's federal government ... More >>
While you were sleeping: Greek crisis frays nerves
Tuesday, 15 May 2012, 7:38 am | BusinessDesk
May 15 (BusinessDesk) - The stalemate in Greece continued, with political parties still unable to reach agreement on forming a new government, keeping alive concern that the debt-laden country might fracture the euro zone by abandoning the common ... More >>
MARKET CLOSE: NZ stocks rise, Fletcher leads as Aust$ falls
Monday, 14 May 2012, 6:19 pm | BusinessDesk
May 14 (BusinessDesk) – New Zealand shares rose, led by Fletcher Building on optimism a falling Australian dollar will stir demand in the company's second-largest market. Telecom and NZX paced the advance. More >>
NZ dollar falls, Australian currency dips below USD parity
Monday, 14 May 2012, 5:45 pm | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar fell in local trading and the Australian dollar briefly dipped below parity with the greenback for the first time since December amid growing concerns Greece will have to call another general election. More >>
