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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 1398]
MIDDAY UPDATE: NZ dollar falls after overnight rally
Friday, 16 March 2012, 12:00 pm | BusinessDesk
March 16 (BusinessDesk) – The New Zealand dollar fell this morning after gaining more than 1 US cent overnight as stocks on Wall Street extended their rally on upbeat American manufacturing and employment data. More >>
Silver lining for Northport in Auckland port’s woes
Friday, 16 March 2012, 10:53 am | BusinessDesk
March 13 (BusinessDesk) - Northport, the Marsden Point wharf operator, is well-placed to win a greater share of North Island trade from Ports of Auckland and Port of Tauranga, its owners and rivals. More >>
Duncan Saville’s Utilico buys 7.1% stake in Tourism Holdings
Friday, 16 March 2012, 9:42 am | BusinessDesk
March 16 (BusinessDesk) – Utilico Investments, a UK investor managed by Infratil director Duncan Saville’s ICM, has bought a 7.1 percent stake in campervan rental operator Tourism Holdings. More >>
Zintel to return 20C/share after windfall Australian sale
Friday, 16 March 2012, 9:21 am | BusinessDesk
March 16 (BusinessDesk) – Zintel Group, whose shares soared last month when the business phone company was offered more for its Australian unit than the company’s entire market value, said it will return 20 cents a share to investors. More >>
NZ dollar climbs 1 US cents on upbeat US manufacturing, jobs
Friday, 16 March 2012, 8:57 am | BusinessDesk
NZ dollar climbs 1 US cents as upbeat US manufacturing, jobs data stokes risk appetite More >>
Ports of Auckland holds off on mass sackings
Friday, 16 March 2012, 8:49 am | BusinessDesk
March 16 (BusinessDesk) –Ports of Auckland has agreed to put off plans to sack its wharfies and outsource stevedoring services in a last-ditch bid to cut a deal with the Maritime Union. More >>
While you were sleeping: Momentum builds
Friday, 16 March 2012, 7:35 am | BusinessDesk
March 16 (BusinessDesk) - Equities in Europe and on Wall Street advanced on better-than-expected data on US manufacturing and a lower-than-forecast number of Americans applying for jobless benefits. More >>
MARKET CLOSE: NZ shares climb to new 9-month high
Thursday, 15 March 2012, 5:56 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand shares rose, extending the NZX 50 Index's unbroken run through March as investors bought Telecom for its yield and bet on stocks tied to a return of global growth including Fisher & Paykel Appliances. More >>
NZ dollar holds near two-month low on Fed rate view
Thursday, 15 March 2012, 5:24 pm | BusinessDesk
NZ dollar holds near two-month low as market bets against Fed keeping rates near zero More >>
Fisher Funds partners with NZACU for KiwiSaver
Thursday, 15 March 2012, 3:55 pm | BusinessDesk
March 15 (BusinessDesk) – Fisher Funds, which has more than $1 billion under management, has added another 4,000 members to its KiwiSaver scheme after announcing a partnership with the New Zealand Association of Credit Unions. More >>
NZ consumer confidence eases in March; Christchurch upbeat
Thursday, 15 March 2012, 1:51 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand consumer confidence eased in March as cautious consumers remained focused on debt. Confidence in Canterbury rose to the highest since before the earthquakes. More >>
Implementation vital to state sector reform: Business NZ
Thursday, 15 March 2012, 1:51 pm | BusinessDesk
March 15 (BusinessDesk) – The quality of implementation will be the true test of the public sector reforms announced by Prime Minister John Key in Auckland today, says the head of Business New Zealand, Phil O’Reilly. More >>
NZ’s top mandarins call for narrower government goals
Thursday, 15 March 2012, 1:40 pm | BusinessDesk
NZ’s top mandarins call for narrower govt goals in shift to cross-agency state sector More >>
No new public servants, new super-ministry looms: Key
Thursday, 15 March 2012, 1:19 pm | BusinessDesk
March 15 (BusinessDesk) – The government will lower its cap on the total number of core public servants to 36,475 from 39,000 in a move that threatens no jobs directly since total numbers are already below that level. More >>
MIDDAY UPDATE: Shearer heralds ‘new lens’ for NZ, Key looms
Thursday, 15 March 2012, 12:11 pm | BusinessDesk
March 15 (BusinessDesk) – Labour Party leader David Shearer used his first major speech since November’s election defeat to promise a new urgency in fixing intractable and long-known problems with New Zealand’s economy. More >>
NZ manufacturing activity reaches 2-year high: PMI
Thursday, 15 March 2012, 11:22 am | BusinessDesk
March 15 (BusinessDesk) - New Zealand’s manufacturing sector recorded its highest level of activity in almost two years and a record for the month of, led by metal production and machinery. More >>
Supreme Court rejects Fonterra’s appeal over raw milk supply
Thursday, 15 March 2012, 10:41 am | BusinessDesk
March 15 (BusinessDesk) – The Supreme Court has turned down Fonterra Cooperative Group’s appeal against a ruling it must supply raw milk to rivals even if they don’t process it themselves. More >>
NZ job ads bounce back in February, led by Auckland
Thursday, 15 March 2012, 10:31 am | BusinessDesk
March 15 (BusinessDesk) –New Zealand job advertisements in newspapers and online rose 5.3 percent in February bouncing back from consecutive falls in January and December, ANZ Bank said. More >>
Shearer heralds ‘new lens’ for a ‘new New Zealand’
Thursday, 15 March 2012, 9:58 am | BusinessDesk
March 15 (BusinessDesk) – Labour Party leader David Shearer used his first major speech since taking the reins after last November’s election defeat to promise a new urgency in fixing intractable and long-known problems with New Zealand’s ... More >>
Otago Rugby rescued as city, national union, BNZ step in
Thursday, 15 March 2012, 8:53 am | BusinessDesk
March 15 (BusinessDesk) – The Otago Rugby Football Union has been handed a lifeline after the Dunedin City Council agreed to a deal where it forgives $480,000 of outstanding debt in return for more All Blacks test matches in the coming two years. More >>
