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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 1399]
NZ dollar falls 1 US cent on Fed’s upbeat US outlook
Thursday, 15 March 2012, 8:43 am | BusinessDesk
March 15 (BusinessDesk) – The New Zealand dollar fell more than 1 US cent after the Federal Open Market Committee gave an upbeat view of the US economy following a string of positive US data. More >>
While you were sleeping: Wall Street stays strong
Thursday, 15 March 2012, 7:31 am | BusinessDesk
March 15 (BusinessDesk) - Wall Street held onto gains for now, helped by another climb in stock market darling Apple, which has advanced for a sixth day. More >>
MARKET CLOSE: Pumpkin Patch leads NZ shares to 9-mth high
Wednesday, 14 March 2012, 6:08 pm | BusinessDesk
MARKET CLOSE: NZ shares gain, pushing NZX 50 to 9-month high; Pumpkin Patch leads March 14 (BusinessDesk) - New Zealand shares, pushing the benchmark NZX 50 Index to a nine-month high, as the local bourse joined a global rally on optimism growth ... More >>
NZ dollar gains as Asian stocks follow Wall Street higher
Wednesday, 14 March 2012, 5:22 pm | BusinessDesk
March 14 (BusinessDesk) – The New Zealand dollar gained in the local trading session as an improving outlook for US economic growth sparked a rally on Wall Street that fed into Asian stock markets. More >>
UPDATED: Hotchin mansion cost balloons to $43mln
Wednesday, 14 March 2012, 4:32 pm | BusinessDesk
Statements in court suggesting Eric Watson’s involvement in construction of the Paritai Drive property have been removed because they were incorrect. More >>
Rising mortgage rates, petrol prices depress Aust consumers
Wednesday, 14 March 2012, 2:25 pm | BusinessDesk
March 14 (BusinessDesk) - A sharp drop in Australian consumer sentiment into negative territory is likely due to rising mortgage interest rates, rising petrol prices and concerns about the economy and employment, says Westpac Banking chief economist Bill ... More >>
Conflict problem for Chow bros’ lawyer
Wednesday, 14 March 2012, 1:49 pm | BusinessDesk
March 14 (BusinessDesk) – Counsel for the Chow brothers, Justin Toebes, may have a conflict of interest representing both the Wellington brothel owners and Portfolio NZ, a joint venture at the heart of a dispute with the Chows’ jilted ex-architects. More >>
Chatham Rock secures 2012 funding; offshore listing delayed
Wednesday, 14 March 2012, 12:18 pm | BusinessDesk
March 14 (BusinessDesk) - Would-be deep sea miner Chatham Rock Phosphate has secured funding for its 2012 work programme, bringing on board American private investors under a shares-and-options structure that could deliver a 50 percent shareholding ... More >>
From the Farm: Other people’s milk
Wednesday, 14 March 2012, 12:16 pm | BusinessDesk
March 14 (BusinessDesk) – New Zealand dairy farmers are having a record season in terms of milk flows. Trouble is their counterparts in the US and Europe have increased production as well. That’s not surprising. Global prices have been on a tear and ... More >>
MIDDAY UPDATE: FMA promises “markedly different” guidelines
Wednesday, 14 March 2012, 11:54 am | BusinessDesk
MIDDAY UPDATE: FMA promises “markedly different” second go at draft guidelines The Financial Markets Authority will go back to industry for a second time as it seeks feedback on how issuers should prepare offer documents, saying it will produce ... More >>
S&P says NZ banking outlook stable
Wednesday, 14 March 2012, 11:36 am | BusinessDesk
March 14 (BusinessDesk) – Credit rating agency Standard & Poor’s says New Zealand banks are likely to remain on stable outlook, reflecting steady earnings, a moderate economy recovery, and support from their Australian parents. More >>
Pumpkin Patch posts $30 mln 1H loss on UK, US store closures
Wednesday, 14 March 2012, 10:46 am | BusinessDesk
March 14 (BusinessDesk) – Pumpkin Patch, the children’s clothing retailer, posted a first half loss on costs to close its US and UK stores. The shares gained as it reported growth in sales. More >>
Transpower taps low Canadian rates for C$250M bond issue
Wednesday, 14 March 2012, 10:30 am | BusinessDesk
March 14 (BusinessDesk) – Transpower, the national grid operator, has raised C$250 million in a Canadian private placement, benefiting from lower interest rates than it can sell debt for at home. More >>
ISI rebrands as Financial Services Council, to unify voice
Wednesday, 14 March 2012, 9:28 am | BusinessDesk
March 14 (BusinessDesk) – The Investment Savings & Insurance Association has officially rebranded itself as the Financial Services Council as it seeks to cut the number of competing industry voices. More >>
FMA seeks second round of submissions on disclosure rules
Wednesday, 14 March 2012, 9:00 am | BusinessDesk
March 14 (BusinessDesk) – The Financial Markets Authority will go back to industry for a second time as it seeks feedback on how issuers should prepare offer documents. More >>
NZ dollar falls as FOMC points to stronger US growth
Wednesday, 14 March 2012, 8:51 am | BusinessDesk
March 14 (BusinessDesk) – The New Zealand dollar fell after the Federal Open Market Committee pointed to stronger growth in the US economy, while leaving interest rates unchanged near zero, reducing demand for riskier currencies such as the kiwi. More >>
While you were sleeping: US retail sales boost confidence
Wednesday, 14 March 2012, 7:55 am | BusinessDesk
March 14 (BusinessDesk) - Wall Street held on to earlier gains, spurred by strong retail sales, after the US Federal Reserve said the economy was expanding moderately and confirmed it would keep interest rates low. More >>
MARKET CLOSE: NZ shares gain; Telecom, Trade Me advance
Tuesday, 13 March 2012, 6:09 pm | BusinessDesk
March 13 (BusinessDesk) - New Zealand shares rose in a broadly bullish market for global equities driven by speculation global growth is coming back. Trade Me, the auction website, rose to a record close and Telecom reached a new high since the ... More >>
NZ dollar rallies on optimism for global growth, FOMC looms
Tuesday, 13 March 2012, 5:14 pm | BusinessDesk
March 13 (BusinessDesk) – The New Zealand dollar rallied in the local trading session amid growing optimism the US will help drive global growth, ahead of the Federal Open Market Committee meeting on Tuesday in Washington DC. More >>
SMELLIE ON SMEs: How to do a performance review
Tuesday, 13 March 2012, 4:59 pm | BusinessDesk
March 13 (BusinessDesk) – It really doesn’t matter how hard you try to do it right, or how positive you try to make the experience, it’s probably fair to say that no one really likes staff performance reviews. More >>
