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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 1382]
NZ dollar holds above 82 US cents as PM jawbones kiwi
Tuesday, 17 April 2012, 8:41 am | BusinessDesk
NZ dollar holds above 82 US cents as PM Key tries to talk currency down More >>
While you were sleeping: US retail sales save day
Tuesday, 17 April 2012, 7:29 am | BusinessDesk
April 17 (BusinessDesk) - Wall Street and equities in Europe decided to take their cues from a report showing better-than-expected US retail sales, though concern about the euro zone was not far away as Spain's bond yields climbed over 6 percent. More >>
Heritage Gold seeks up to $27M for Talisman project
Monday, 16 April 2012, 6:31 pm | BusinessDesk
April 16 (BusinessDesk) - Heritage Gold NZ’s approximately 1,800 New Zealand and Australian investors are to be offered a share purchase plan on a non-pro rata basis to raise as much as $27 million, if all shareholders agree, to capitalise the promising ... More >>
MARKET CLOSE: NZ shares join global slide; Vector falls
Monday, 16 April 2012, 5:49 pm | BusinessDesk
April 16 (BusinessDesk) - New Zealand shares fell, joining a global slide amid doubts about the pace of worldwide growth and as investors await more US earnings for a take on the global economy. More >>
NZ dollar falls on reports Moody's to downgrade EU lenders
Monday, 16 April 2012, 5:27 pm | BusinessDesk
April 16 (BusinessDesk) – The New Zealand dollar fell through the local trading session after Moody’s Investors Service delayed its decision on whether to cut the credit ratings of a slew of European lenders amid fears the euro-zone may face ... More >>
Hart’s Carter Holt netted US$38.6M in forest sale last year
Monday, 16 April 2012, 4:33 pm | BusinessDesk
April 16 (BusinessDesk) – Carter Holt Harvey, which reportedly refinanced $1.45 billion of debt last year, sold forestry assets near Tokoroa for some US$38.6 million, according to the purchasing company’s financial statements. More >>
Garuda may resume flights to NZ after 6-year hiatus
Monday, 16 April 2012, 4:08 pm | BusinessDesk
April 16 (BusinessDesk) – Garuda Indonesia may resume flights between New Zealand and the Southeast Asian nation after a six-year hiatus, according to Auckland International Airport. More >>
NZ tobacco excise masks benign inflation outlook
Monday, 16 April 2012, 12:47 pm | BusinessDesk
April 16 (BusinessDesk) – An increase in the government excise on tobacco probably drove up the consumer price index in the first quarter, masking a benign inflation outlook that gives the Reserve Bank little reason to raise interest rates this year. More >>
A2 signs supply agreement with Synlait Milk
Monday, 16 April 2012, 12:11 pm | BusinessDesk
April 16 (BusinessDesk) – A2 Corp, the NZAX-listed alternative milk company, has signed a supply agreement with Canterbury processor Synlait Milk as it seeks to launch its infant formula into Asian markets. More >>
MIDDAY UPDATE: Kiwi rises after China widens trading band
Monday, 16 April 2012, 12:08 pm | BusinessDesk
The New Zealand dollar rose as China doubled the yuan’s trading band, signaling a move toward a more convertible currency and stoking demand for currencies that trade with the world’s most populous nation. More >>
NZ Dollar Outlook: Kiwi may cede gains as CPI looms
Monday, 16 April 2012, 12:01 pm | BusinessDesk
April 16 (BusinessDesk) – The New Zealand dollar may give up some of its gains this week with inflation figures expected to confirm there is little pressure on the Reserve Bank to raise interest rates this year. More >>
NZ service sector expansion slows in March, outlook perky
Monday, 16 April 2012, 11:18 am | BusinessDesk
April 16 (BusinessDesk) – The pace of expansion in New Zealand’s service sector slowed last month but is still pointing to a pick-up in activity, according to the BNZ-Business NZ performance of services index (PSI). More >>
NZ food prices drop in March, led by fruit, veges, chicken
Monday, 16 April 2012, 11:08 am | BusinessDesk
April 16 (BusinessDesk) – New Zealand food prices fell in March, adding to the evidence that inflation is benign, as prices fell for fruit and vegetables, such as apples and pumpkin, and for chicken pieces. More >>
NZ home sales extend rally in March, prices hit record high
Monday, 16 April 2012, 9:15 am | BusinessDesk
April 16 (BusinessDesk) – New Zealand home sales climbed 25 percent last month as the property market extends its recovery from the lows of 2011, while prices reached a fresh record high amid a shortage of listings. More >>
NZ dollar rises after China widens yuan trading band
Monday, 16 April 2012, 8:40 am | BusinessDesk
April 3 (BusinessDesk) – The New Zealand dollar rose as China doubled the yuan’s trading band, signaling a move toward a more convertible currency and stoking demand for currencies that trade with the world’s most populous nation. More >>
MARKET CLOSE: NZ shares mixed amid slowing Chinese growth
Friday, 13 April 2012, 5:48 pm | BusinessDesk
April 13 (BusinessDesk) – New Zealand shares were mixed after slower than expected Chinese growth sapped optimism emanating from the start of US earnings season. New Zealand Refining led gainers. More >>
NZ dollar hits one month high despite weak Chinese growth
Friday, 13 April 2012, 5:16 pm | BusinessDesk
April 3 (BusinessDesk) – The New Zealand dollar rose to its highest level this month even as reports showed economic growth was less than forecast in China, the nation’s second largest-trading partner. More >>
MONEY TALKS: New Zealand’s $625 billion housing problem
Friday, 13 April 2012, 4:22 pm | BusinessDesk
The Productivity Commission’s report into New Zealand’s housing affordability reckons the country’s residential property is worth about $625 billion. More >>
Trade Me to test Aust retailers’ appetite for NZ sales
Friday, 13 April 2012, 2:53 pm | BusinessDesk
April 13 (BusinessDesk) – Trade Me, the online auction site controlled by Fairfax Media, will test Australian retailers’ appetite for online sales into New Zealand after signing an agreement with e-commerce software company ChannelAdvisor. More >>
Ports of Auckland and union to use EMA facilitator
Friday, 13 April 2012, 2:01 pm | BusinessDesk
April 13 (BusinessDesk) – Ports of Auckland and the Maritime Union have agreed to go to the Employment Relations Authority for facilitation after eight months of industrial action. More >>
