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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 1373]
MARKET CLOSE: NZ shares rise, NZX 50 at 4-yr high
Wednesday, 2 May 2012, 6:12 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, NZX 50 at 4-year high; Trade Me at record More >>
Wayne Walden tapped to lead TVNZ board
Wednesday, 2 May 2012, 3:16 pm | BusinessDesk
May 2 (BusinessDesk) - Former Maori Television chairman Wayne Walden has been tapped to head the Television New Zealand board. More >>
Dryden Spring to step down as ANZ National chairman
Wednesday, 2 May 2012, 3:07 pm | BusinessDesk
Dryden Spring to step down as ANZ National chairman, ACC's Judge tapped to take over More >>
APN appoints Deutsche Bank for strategic review of NZ assets
Wednesday, 2 May 2012, 2:18 pm | BusinessDesk
May 2 (BusinessDesk) - APN New & Media, publisher of the New Zealand Herald, has appointed Deutsche Bank to undertake a strategic review of its media assets in New Zealand after receiving approaches from potential buyers. More >>
NZ commodity prices fall to 18-month low in April
Wednesday, 2 May 2012, 1:43 pm | BusinessDesk
May 2 (BusinessDesk) - New Zealand commodity prices fell to an 18 month low in April, led by a decline in the price of sheep meat. More >>
NZ Super Fund mulls Harvard's stake in Kaingaroa forest
Wednesday, 2 May 2012, 1:18 pm | BusinessDesk
May 2 (BusinessDesk) - The New Zealand Superannuation Fund, which was set up to pre-fund the pension liabilities of the baby boomer generation, is in talks with Harvard University's endowment fund manager to take full ownership of the Kaingaroa forest estate. More >>
MIDDAY UPDATE: ANZ New Zealand boosts first-half earnings
Wednesday, 2 May 2012, 12:19 pm | BusinessDesk
May 2 (BusinessDesk) - ANZ New Zealand, which operates the ANZ and National Bank brands in New Zealand, boosted its first-half underlying profit 13 percent to $684 million on fatter interest rate margins More >>
ANZ boosts local 1H earnings 13% despite lending decline
Wednesday, 2 May 2012, 11:06 am | BusinessDesk
May 2 (BusinessDesk) - ANZ New Zealand, the local unit of Australia & New Zealand Banking Group, boosted first-half underlying earnings 13 percent as it fattened margins from more customers borrowing on floating interest rates, and despite a declining ... More >>
Pyne Gould taps former journalist as independent director
Wednesday, 2 May 2012, 10:31 am | BusinessDesk
May 2 (BusinessDesk) - Pyne Gould Corp has appointed a former journalist in Australia as independent director to meet its statutory requirements after an NZX waiver ran out this week. More >>
UPDATED: FMA looks at Pyne Gould related party transactions
Wednesday, 2 May 2012, 9:42 am | BusinessDesk
May 2 (BusinessDesk) - The Financial Markets Authority is looking at some of Pyne Gould Corp's related party transactions, which along with complaints about the wealth manager's governance, prompted auditor KPMG to quit its role the company. More >>
FMA looking into Pyne Gould related party transactions
Wednesday, 2 May 2012, 9:08 am | BusinessDesk
May 2 (BusinessDesk) - The Financial Markets Authority is looking at some of Pyne Gould Corp's related party transactions, which along with complaints about the wealth manager's governance, prompted KPMG to quit as the company's auditor. More >>
While you were sleeping: Boost from US manufacturing
Wednesday, 2 May 2012, 7:42 am | BusinessDesk
May 2 (BusinessDesk) - Wall Street embraced better-than-expected US manufacturing data and a cautiously upbeat assessment of sales and the economy from the nation's carmakers. More >>
MARKET CLOSE: NZ shares gain as yields appeal, RBA cuts rate
Tuesday, 1 May 2012, 5:48 pm | BusinessDesk
May 1 (BusinessDesk) - New Zealand stocks rose as investors were drawn to stocks with relatively appealing dividend yields and after a bigger than expected rate cut in Australia, the biggest offshore market for companies including Fletcher Building ... More >>
RBA cuts key rate 50 points on lower inflation track
Tuesday, 1 May 2012, 5:13 pm | BusinessDesk
Australia's central bank cuts key rate 50 points on lower inflation track; currency drops More >>
NZ dollar gains vs. Australian dollar; RBA cuts rate 50 bps
Tuesday, 1 May 2012, 5:12 pm | BusinessDesk
May 1 (BusinessDesk) - The New Zealand dollar climbed almost half a cent against its trans-Tasman counterpart after the Reserve Bank of Australia slashed half a percentage point from its benchmark interest rate to 3.75 percent. More >>
NZ exports may fall by $3 billion this year, says BNZ
Tuesday, 1 May 2012, 4:16 pm | BusinessDesk
May 1 (BusinessDesk) - New Zealand's exports of goods may decline by $3 billion over the next 12 months, led by food products as global prices fall and the kiwi dollar remains stubbornly high, say economists at Bank of New Zealand. More >>
SMELLIE ON SMEs: Down so long it looks like up?
Tuesday, 1 May 2012, 3:10 pm | BusinessDesk
May 1 (BusinessDesk) - Business confidence nudged a little higher in the latest National Bank Business Outlook Survey, released this week, but evidence from accounting firm Grant Thornton continues to show a hard journey for many small and medium-sized businesses. More >>
CORRECT: NZ wage inflation slows in 1Q, pressure off RBNZ
Tuesday, 1 May 2012, 2:53 pm | BusinessDesk
May 1 (BusinessDesk) – New Zealand wage inflation slowed in the first three months of the year, leaving overall labour costs benign enough to let the central bank keep interest rates on hold for longer. More >>
Downer to merge Australian, NZ infrastructure businesses
Tuesday, 1 May 2012, 1:44 pm | BusinessDesk
May 1 (BusinessDesk) - Downer EDI plans to merge its Australian and New Zealand infrastructure businesses into one company, Downer Infrastructure. More >>
More fiscal pruning, tax loopholes in Budget sights
Tuesday, 1 May 2012, 1:19 pm | BusinessDesk
May 1 (BusinessDesk) - Prime Minister John Key today confirmed the Cabinet has made decisions on further tax system tightening and pruning of government spending to allow it to achieve its target of a small Budget surplus in 2015. More >>
