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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 1370]
NZ dollar drops to 4-month low, may fall further
Wednesday, 9 May 2012, 9:00 am | BusinessDesk
May 9 (BusinessDesk) – The New Zealand dollar fell to a four-month low and may extend its decline amid concern the commitment of new euro zone governments such as in Greece and France to austerity measures may waiver, undermining the region’s ... More >>
While you were sleeping: Worry on Greek exit
Wednesday, 9 May 2012, 7:44 am | BusinessDesk
May 9 (BusinessDesk) - The initial ease with which investors welcomed new leadership in both Greece and France turned to concern today that Greece, which has received two financial bailouts to avoid national bankruptcy, might soon exit the euro zone. More >>
MARKET CLOSE: NZ shares gain; Chorus climbs from 5-month low
Tuesday, 8 May 2012, 5:42 pm | BusinessDesk
May 8 (BusinessDesk) - New Zealand shares rose , led by Chorus as some investors bought the phone network company at a 5-month low. Exporters Rakon and Fisher & Paykel Appliances gained as the kiwi dollar held below 80 US cents. More >>
NZ dollar falls after Aussie trade deficit surprise
Tuesday, 8 May 2012, 5:14 pm | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar fell in local trading after a bigger-than-expected Australian trade deficit sapped demand for the trans-Tasman currencies ahead of Australia's federal budget tonight. More >>
Hannah on SMEs: "Yo-Pro" the buzzword amongst my friends
Tuesday, 8 May 2012, 5:08 pm | BusinessDesk
May 7 (BusinessDesk) - As member of Generation Y, I am one of the 20 somethings entering the workforce for the first time. Known for being tech-savvy, digital communication is our birthright and technology dependency an integral part of our lives. If it ... More >>
Mall owner says online spending to top out at 15% of sales
Tuesday, 8 May 2012, 4:58 pm | BusinessDesk
May 8 (BusinessDesk) - Online spending in New Zealand and Australia will reach saturation point of 15 percent of total retail sales by 2015, according to research by AMP Capital Shopping Centres. More >>
Fonterra expands management team in emerging market push
Tuesday, 8 May 2012, 4:47 pm | BusinessDesk
May 8 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, has expanded its top management team as part of the new strategy to focus on sales in emerging markets. More >>
Rebstock tapped to probe leaks from NZ foreign ministry
Tuesday, 8 May 2012, 3:03 pm | BusinessDesk
May 8 (BusinessDesk) - The State Services Commission has appointed former Commerce Commission chair Paula Rebstock to probe the leak of three Cabinet papers on the Ministry of Foreign Affairs and Trade restructuring. More >>
Government cuts mobile phone bill by $12M a year
Tuesday, 8 May 2012, 12:42 pm | BusinessDesk
Government cuts mobile phone bill by $12M a year in deal with Telecom, Vodafone, 2degrees More >>
Northland Port names Graham Wallace as interim CEO
Tuesday, 8 May 2012, 12:36 pm | BusinessDesk
May 8 (BusinessDesk) - Northland Port Corp., which owns a half stake in the region’s Marsden Point port operator Northport, named Graham Wallace as interim chief executive. More >>
MIDDAY UPDATE: NZ government’s tax take below forecast
Tuesday, 8 May 2012, 12:10 pm | BusinessDesk
May 8 (BusinessDesk) – The New Zealand government took in $1.57 billion less tax than expected in the first nine months of the fiscal year, reflecting a tepid economy, though below-forecast spending helped restrain the operating deficit, Treasury figures ... More >>
NZ tourist spending flat amid rise in low-spending Aussies
Tuesday, 8 May 2012, 12:04 pm | BusinessDesk
May 8 (BusinessDesk) – Annual tourist spending in New Zealand was little changed as a rising number of low-spending Australians wasn’t enough to make up for a decline in Korean and Japanese arrivals. More >>
NZ govt 9-mth tax take $1.57B below forecast, spending down
Tuesday, 8 May 2012, 10:55 am | BusinessDesk
May 8 (BusinessDesk) – The New Zealand government took in $1.57 billion less tax than expected in the first nine months of the fiscal year, reflecting a tepid economy, though below-forecast spending helped restrain the operating deficit, Treasury figures ... More >>
Chempro's Henry wins backing of Hydromet board for bid
Tuesday, 8 May 2012, 10:16 am | BusinessDesk
May 8 (BusinessDesk) - Chempro Logistics director Simon Henry is in the box seat to take over ASX-listed Hydromet after his bid won him 41 percent of the company, prompting the industrial waste recycler's board to give him the thumbs-up. More >>
Briscoe boosts 1Q sales 6.5%
Tuesday, 8 May 2012, 10:01 am | BusinessDesk
May 8 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retailer, posted a 6.5 percent gain in first-quarter sales while warning that full-year revenue may be flat compared to 2011, when the Rugby World Cup boosted turnover in the second ... More >>
NZ dollar gains vs euro as investors digest election results
Tuesday, 8 May 2012, 8:55 am | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar rose against the euro as investors digested the implications of leadership changes in France and Greece which may herald less support for Europe's austerity measures. More >>
While you were sleeping: At ease with elections
Tuesday, 8 May 2012, 7:45 am | BusinessDesk
May 8 (BusinessDesk) - Investors appear unperturbed by the outcome of weekend elections in Europe with the likelihood that new leadership in France and Greece will remain on board with the euro zone's efforts to fight its sovereign debt crisis. More >>
MARKET CLOSE: NZ shares fall; regulation threat hits Chorus
Monday, 7 May 2012, 5:49 pm | BusinessDesk
May 7 (BusinessDesk) – New Zealand shares fell for a third session, led by Chorus which dropped back to its low of the start of the year as investors fretted the regulator may be more aggressive than expected in controlling the telecommunications network ... More >>
NZ dollar falls to new 3 1/2-month low on Euro leader fears
Monday, 7 May 2012, 5:20 pm | BusinessDesk
NZ dollar falls to fresh 3 1/2-month low on European electoral leadership concerns More >>
Synlait Milk to supply colostrum to ASX-listed Immuron
Monday, 7 May 2012, 1:18 pm | BusinessDesk
May 7 (BusinessDesk) – Synlait Milk, the Canterbury milk processor controlled by China’s Bright Dairy, has signed a deal to supply colostrum to ASX-listed biopharmaceutical company Immuron. More >>
