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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 1385]
CORRECTION: Chch rents up as supply slumps 40%: Trade Me
Wednesday, 11 April 2012, 10:33 am | BusinessDesk
April 11 (BusinessDesk) – Christchurch rental prices have surged more than anywhere else in the country after New Zealand’s second-biggest city recorded a 40 percent slump in listings after last year’s earthquakes. More >>
Interest rates on hold to mid-2013, NZIER predicts
Wednesday, 11 April 2012, 10:09 am | BusinessDesk
RBNZ to keep rates on hold until at least next year amid patchy economy: NZIER More >>
Kea Petroleum makes second oil strike onshore Taranaki
Wednesday, 11 April 2012, 9:01 am | BusinessDesk
April 11 (BusinessDesk) – London-based Kea Petroleum has made its second potentially commercial oil strike in the onshore Taranaki Mt Messenger reservoir sands, and will begin flow-testing shortly. More >>
NZ dollar falls half a US cent amid Spanish debt concerns
Wednesday, 11 April 2012, 8:48 am | BusinessDesk
April 11 (BusinessDesk) – The New Zealand dollar fell more than half a cent against the greenback after equity markets on Wall Street and in Europe declined after renewed concerns about Spain’s growing public debt. More >>
Christchurch rents up as supply slumps 40%, Trade Me says
Wednesday, 11 April 2012, 8:39 am | BusinessDesk
April 11 (BusinessDesk) – Christchurch rental prices have surged more than anywhere else in the country after New Zealand’s second-biggest city recorded a 40 percent slump in listings after last year’s earthquakes. More >>
While you were sleeping: Spain rains on optimism
Wednesday, 11 April 2012, 7:34 am | BusinessDesk
April 11 (BusinessDesk) - Concern plagued Wall Street and European equity markets as renewed worry about Spain's solvency flares and investors gear up for the start of the US first-quarter earnings season. More >>
Heartland CFO resigns, Q3 earnings accelerate
Tuesday, 10 April 2012, 6:09 pm | BusinessDesk
April 10 (BusinessDesk) – Heartland New Zealand’s chief financial officer Sean Kam has resigned after a whirlwind two-and-a-half years that saw the recapitalisation of Marac Finance and its merger with the Canterbury and Southern Cross Building Societies. More >>
MARKET CLOSE: NZX50 gains as investors seek blue chip stocks
Tuesday, 10 April 2012, 5:40 pm | BusinessDesk
April 10 (BusinessDesk) – New Zealand shares gained at the start of a shortened trading week as investors took the opportunity to buy blue-chip stocks such as Telecom, SkyCity Entertainment Group and Contact Energy. More >>
NZ dollar pares gains after China posts trade surplus
Tuesday, 10 April 2012, 5:19 pm | BusinessDesk
April 10 (BusinessDesk) – The New Zealand dollar fell in local trading after China unexpectedly reported a trade surplus, damping speculation the People’s Bank of China will loosen monetary policy to support growth. More >>
NZ has the makings of a “massive renaissance”: futurist
Tuesday, 10 April 2012, 3:34 pm | BusinessDesk
April 10 (BusinessDesk) – New Zealand has the makings of a “massive renaissance” with a number of small to medium sized businesses capable of creating money off the strength of their ideas with small capital outlay, says visiting futurist Mark Stevenson. More >>
Rainbow’s End owner to spend $3.5M on castle upgrade
Tuesday, 10 April 2012, 3:19 pm | BusinessDesk
April 10 (BusinessDesk) – New Zealand Experience, which owns the Rainbow’s End amusement park, plans to spend $3.5 million upgrading its ‘Castle Land’ area, which is expected to boost earnings when it reopens next Easter. More >>
English flags two part privatisations for 2013
Tuesday, 10 April 2012, 1:30 pm | BusinessDesk
April 10 (BusinessDesk) – The sale of shares in state-owned electricity generator and retailer MightyRiverPower is likely to attract more buyers than available stock when it’s floated later this year, and the government is eyeing up two more sales ... More >>
MIDDAY UPDATE: New boss for TVNZ; kiwi dollar rises
Tuesday, 10 April 2012, 11:50 am | BusinessDesk
MIDDAY UPDATE: NZ dollar rises on speculation of Fed stimulus; TVNZ announces new chief executive April 10 (BusinessDesk) – The New Zealand dollar rose on speculation the US Federal Reserve may introduce a third round of quantitative easing, or printing ... More >>
NZ Dollar Outlook: Kiwi to rise on bets Fed to embark on QE3
Tuesday, 10 April 2012, 11:39 am | BusinessDesk
April 10 (BusinessDesk) – The New Zealand dollar may rise this week on speculation the Federal Reserve will introduce a third round of asset purchases after a report showed US employers added fewer jobs than expected last month. More >>
Transpacific Industries to pay A$35M shareholder settlement
Tuesday, 10 April 2012, 11:06 am | BusinessDesk
April 10 (BusinessDesk) - Trans-Tasman waste management company Transpacific Industries has reached a A$35 million settlement with shareholders threatening a class action alleging breaches of disclosure rules. More >>
TVNZ taps House of Travel boss for new chief executive
Tuesday, 10 April 2012, 10:50 am | BusinessDesk
April 10 (BusinessDesk) – Television New Zealand’s board has tapped former House of Travel boss Kevin Kenrick to lead the state-owned broadcaster. More >>
Pacific Fibre sales hit US$200M with new US customer
Tuesday, 10 April 2012, 9:02 am | BusinessDesk
April 10 (BusinessDesk) – Pacific Fibre, the local start-up seeking to build a second internet cable linking New Zealand to the world, has signed up its fifth foundation customer, taking total contracted commitments for sales to US$200 million. More >>
World Week Ahead: US earnings season starts
Tuesday, 10 April 2012, 8:46 am | BusinessDesk
April 10 (BusinessDesk) - Wall Street dropped on disappointment with Friday's nonfarm payrolls report and investors are looking to the start of the first-quarter earnings season for fresh clues. More >>
NZ dollar rises on speculation Fed will embark on QE3
Tuesday, 10 April 2012, 8:38 am | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar rose on speculation the Federal Reserve may introduce a third round of asset purchases after a report showed US employers added fewer jobs than expected last month. More >>
MONEY TALKS: Market watchdog backs down, just a bit
Thursday, 5 April 2012, 6:57 pm | BusinessDesk
The Financial Markets Authority has only been around for a year or so, and it began life with a double-edged sword when everyone started calling it a super-regulator. More >>
