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BusinessDesk - Latest News [Page 1394]

Brownlee won’t yet divulge govt interest in port stoush

Friday, 23 March 2012, 4:23 pm | BusinessDesk

March 23 (BusinessDesk) – Transport Minister Gerry Brownlee won’t divulge the government’s interest in the Ports of Auckland dispute, declining an Official Information Act request from the Council of Trade Unions for details of its thinking. More >>

Fairfax outsources Southland Times printing to Allied Press

Friday, 23 March 2012, 4:05 pm | BusinessDesk

March 23 (BusinessDesk) – Fairfax Media will close its printing presses at the Southland Times and outsource the work to Allied Press, avoiding a $10 million upgrade to its plant and leading to the loss of eight jobs. More >>

NZ's pork industry hires fish man as head lobbyist

Friday, 23 March 2012, 1:49 pm | BusinessDesk

March 23 (BusinessDesk) – The New Zealand Pork Industry Board named Owen Symmans, a former head of the Seafood Industry Council, as its new chief executive, replacing Sam McIvor. More >>

Cawthron sells wine lab to Hill in multi-million dollar deal

Friday, 23 March 2012, 12:38 pm | BusinessDesk

March 23 (BusinessDesk) – Hill Laboratories, specialists in agricultural, environmental and food testing, has agreed to buy the Cawthron Institute’s Marlborough wine testing laboratory in what is described as a “multi-million dollar deal.” More >>

MONEY TALKS: Getting serious on superannuation

Friday, 23 March 2012, 12:31 pm | BusinessDesk

It’s too late for the baby boomers, but everyone else should really start getting serious about preparing for their pension. More >>

Scott Technology's first-half profit jumps 33%

Friday, 23 March 2012, 12:29 pm | BusinessDesk

March 23 (BusinessDesk) - Scott Technology's first-half profit jumped 33 percent on strong demand for its mining equipment and consumables and despite a slump in its traditional markets. More >>

MIDDAY UPDATE: NZ dollar at 2-mth low; Woolworths warned

Friday, 23 March 2012, 12:07 pm | BusinessDesk

March 23 (BusinessDesk) – The New Zealand dollar held near a two-month low against the greenback after figures showed weak manufacturing sectors in China and the Euro-zone, sapping demand for commodity-linked assets. More >>

Woolworths gets Commerce Commission warning over beer ads

Friday, 23 March 2012, 11:54 am | BusinessDesk

March 23 (BusinessDesk) – Woolworths’ Progressive Enterprises unit, which has about 40 percent of New Zealand’s supermarket sales, got a warning from the Commerce Commission over misleading advertising of discounts on beer. More >>

Economic gloom offers temporary reprieve from rising yields

Friday, 23 March 2012, 11:38 am | BusinessDesk

March 23 (BusinessDesk) – Weaker economic news at home and abroad may offer only a temporary reprieve from rising government bond yields, with US Treasuries seen resuming their sell-off amid perceptions that interest rates won’t return to historical ... More >>

Nearly 100,000 new jobs in the next two years: Labour Dept

Friday, 23 March 2012, 9:04 am | BusinessDesk

March 23 (BusinessDesk) – Slow, steady job growth is predicted for the next two years by a new short-term employment forecast produced by the Department of Labour, with growth strongest in Auckland, Christchurch and in skilled and professional roles. ... More >>

NZ dollar holds near 2-month low as China threatens to slow

Friday, 23 March 2012, 8:54 am | BusinessDesk

March 23 (BusinessDesk) – The New Zealand dollar held near a two-month low against the greenback after figures showed weak manufacturing sectors in China and the Euro-zone, eroding demand for commodity-linked assets. More >>

While you were sleeping: Manufacturing hiccup hurts

Friday, 23 March 2012, 7:11 am | BusinessDesk

March 23 (BusinessDesk) - Stocks in Europe and on Wall Street dropped as data showed that manufacturing contracted in China as well as the euro zone, underpinning worries that the economic outlook might not support equity valuations. More >>

MARKET CLOSE: NZ shares fall as GDP misses estimates

Thursday, 22 March 2012, 6:07 pm | BusinessDesk

March 22 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a seven-day low, after figures showed the economy grew at half the pace expected in the fourth quarter. Telecom and Sky City Entertainment paced the decline. More >>

NZ dollar falls on Chinese milk duty, weak manufacturing

Thursday, 22 March 2012, 5:29 pm | BusinessDesk

NZ dollar falls on reports of hike in Chinese duty on NZ milk, weaker Chinese manufacturing More >>

NZF ‘has no knowledge’ of transactions being probed by SFO

Thursday, 22 March 2012, 4:38 pm | BusinessDesk

March 22 (BusinessDesk) – NZF Group, the listed company whose NZF Money unit was put in receivership last year, said it has no knowledge of related party transactions at the heart of an investigation by the Serious Fraud Office. More >>

EEZ law too inflexible for ocean oil wells, says law expert

Thursday, 22 March 2012, 1:59 pm | BusinessDesk

March 22 (BusinessDesk) – The draft legislation covering New Zealand’s Exclusive Economic Zone is not up to the task because it doesn’t take account of the way that deep-sea oil and gas drilling plans can change and develop, a Waikato University ... More >>