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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 1389]
NZ dollar climbs ½ a US cent on upbeat manufacturing figures
Tuesday, 3 April 2012, 8:38 am | BusinessDesk
April 3 (BusinessDesk) – The New Zealand dollar gained half a cent against the greenback as better-than-expected manufacturing in the US and China underpinned optimism the world’s two largest economies are back on track. More >>
While you were sleeping: US manufacturing lifts
Tuesday, 3 April 2012, 7:22 am | BusinessDesk
April 3 (BusinessDesk) - Better-than-expected manufacturing data from the world's two largest economies helped underpin stocks on Wall Street and in Europe. More >>
Contract mine safety to Queensland regulator: Solid Energy
Monday, 2 April 2012, 5:52 pm | BusinessDesk
April 2 (BusinessDesk) – Solid Energy, the state-owned coal miner, has told the Pike River commission of inquiry New Zealand should contract out its mine safety inspection services to Queensland, and that regulations here should mirror those ... More >>
Zero budget planned as NZ government struggles with surplus
Monday, 2 April 2012, 5:44 pm | BusinessDesk
April 2 (BusinessDesk) – Fears that the New Zealand government will miss its target of returning to budget surplus in 2014/15 have prompted a further hunt for savings in public sector spending and fresh scrutiny on any new spending initiatives. More >>
MARKET CLOSE: NZ shares fall on concern gains outpace value
Monday, 2 April 2012, 5:36 pm | BusinessDesk
April 2 (BusinessDesk) – New Zealand shares fell amid concerns the 5.6 percent advance in the NZX 50 Index last month pushed some companies ahead of their valuations. Chorus, the network company spun off from Telecom in November, fell from a record ... More >>
Kiwi falls vs. Australian dollar ahead of RBA rate review
Monday, 2 April 2012, 5:17 pm | BusinessDesk
April 2 (BusinessDesk) – The New Zealand dollar fell against the Australian dollar with the kiwi’s direction expected to be largely dependent on how the Reserve Bank of Australia will interpret strong Chinese manufacturing data when it reviews interest ... More >>
“No showstoppers” on Meridian Energy part-privatisation
Monday, 2 April 2012, 4:05 pm | BusinessDesk
April 2 (BusinessDesk) – Meridian Energy’s chief executive, Mark Binns, has told investment market analysts that a review of plans for partial privatisation has found “no showstoppers” and the company expects a Cabinet decision on its part-sale ... More >>
Gender diversity under consultation by NZX
Monday, 2 April 2012, 2:42 pm | BusinessDesk
April 2 (BusinessDesk) – NZX, the stock exchange operator, is seeking feedback from its members on a proposal to include gender diversity are part of its annual reporting. More >>
Hubbard Management Fund investors paid $9 mln
Monday, 2 April 2012, 2:29 pm | BusinessDesk
April 2 (BusinessDesk) – Investors in the frozen Hubbard Management Fund have been paid out $9 million, the first distribution since the investment vehicle was frozen in 2010. More >>
Cabinet Reshuffle: Big jump for Adams; safe hands elsewhere
Monday, 2 April 2012, 1:52 pm | BusinessDesk
April 2 (BusinessDesk) – Primary Industries Minister David Carter will shoulder responsibility for the local government reforms announced by former Minister Nick Smith, while Tim Groser and first-time Cabinet Minister Amy Adams will take the climate ... More >>
Hart’s US$18B of packaging empire debt probably enough: CEO
Monday, 2 April 2012, 1:09 pm | BusinessDesk
April 2 (BusinessDesk) – New Zealand billionaire Graeme Hart’s US$18.1 billion of debt leveraged over his expanding packaging empire is probably enough, according to the company’s chief executive. More >>
NZ Dollar Outlook: Kiwi ability to extend gains hangs on RBA
Monday, 2 April 2012, 12:39 pm | BusinessDesk
April 2 (BusinessDesk) – The New Zealand dollar’s ability to extend its gains this week may hang on how the Reserve Bank of Australia interprets strong Chinese manufacturing data when it reviews interest rates tomorrow. More >>
MIDDAY UPDATE: Government targets loan sharks
Monday, 2 April 2012, 12:15 pm | BusinessDesk
The government is cracking down on loan sharks, with the release of the draft Credit Contracts and Consumer Finance Amendment Bill, designed to protect consumers from irresponsible lenders. More >>
Government targets loan sharks with new bill
Monday, 2 April 2012, 12:09 pm | BusinessDesk
April 2 (BusinessDesk) – The government is cracking down on loan sharks, with the release of the draft Credit Contracts and Consumer Finance Amendment Bill, designed to protect consumers from irresponsible lenders. More >>
Retail sales turn-around boosts Kiwi trust's portfolio
Monday, 2 April 2012, 12:03 pm | BusinessDesk
April 2 (BusinessDesk) - Kiwi Income Property Trust's manager said the value of its property portfolio rose $58.7 million, or 3 percent, to $2 billion in the six months ended March 31, reflecting a turn-around in sales through its shopping centres. More >>
NZ employment confidence falls amid public servant anxiety
Monday, 2 April 2012, 10:31 am | BusinessDesk
April 2 (BusinessDesk) – New Zealanders are still pessimistic about the state of the employment market amid rising anxiety among public servants over looming job cuts as the government looks to cut costs. More >>
F&P Healthcare names Tony Carter as chairman
Monday, 2 April 2012, 9:50 am | BusinessDesk
April 2 (BusinessDesk) - Fisher & Paykel Healthcare, which makes respirators and sleep apnea treatment products, has appointed Tony Carter as chairman, effective immediately. More >>
Fitch affirms NZ bank credit ratings, sees strong earnings
Monday, 2 April 2012, 9:44 am | BusinessDesk
April 2 (BusinessDesk) – Fitch Ratings has affirmed its AA- credit rating for New Zealand’s big four banks, saying they have performed well in a weak economy and will probably continue to produce strong results this year. More >>
NZ dollar rises as China’s manufacturing beats estimates
Monday, 2 April 2012, 8:39 am | BusinessDesk
April 2 (BusinessDesk) – The New Zealand dollar rose after China’s official performance of manufacturing index beat expectations, rising to a one year high in March and boosting demand for commodity currencies such as the kiwi. The New Zealand dollar ... More >>
A-list faces FMA civil proceedings against Hanover directors
Sunday, 1 April 2012, 5:39 pm | BusinessDesk
April 1 (BusinessDesk) – Some of New Zealand’s best-known businesspeople face civil action launched Friday by the Financial Markets Authority over the collapse of the Hanover Finance group. More >>
