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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 1400]
Welfare reforms: spending more now for savings later
Tuesday, 13 March 2012, 3:26 pm | BusinessDesk
March 13 (BusinessDesk) – The government’s so-called investment approach to welfare reform wants to directly link current spending on benefits to the future savings that comes from earlier and stronger intervention. More >>
KiwiSaver's gain is other savings vehicles' loss: English
Tuesday, 13 March 2012, 2:01 pm | BusinessDesk
March 13 (BusinessDesk) – Growth in the KiwiSaver scheme is being offset by declining funds in other investment vehicles, though New Zealand’s still better placed than most to deal with a rising pension bill, according to Finance Minister Bill English. More >>
NZ property values extend gains in February, QV says
Tuesday, 13 March 2012, 1:06 pm | BusinessDesk
March 13 (BusinessDesk) – New Zealand residential property values rose in the latest three months in a market that is still characterised by cautious buyers, according to government valuer Quotable Value. More >>
MIDDAY UPDATE: NZ house sales extend recovery
Tuesday, 13 March 2012, 11:59 am | BusinessDesk
March 13 (BusinessDesk) – New Zealand home sales increased 37 percent in February with the market showing signs of recovery even as listings shortages holds prices back. More >>
NZ food prices rise as retailers stop soda drink discounts
Tuesday, 13 March 2012, 11:27 am | BusinessDesk
March 23 (BusinessDesk) – New Zealand food prices rose in February as retailers cut back on discounting soda, fruit juice, and energy drinks. More >>
MED reviewers ring-fence conflicts of interest
Tuesday, 13 March 2012, 11:22 am | BusinessDesk
March 13 (BusinessDesk) – A review of the Ministry of Economic Development that recommends it take a lead role in driving New Zealand’s growth stepped around areas where the reviewers had a conflict of interest, including the rollout of superfast ... More >>
NZ house sales extend recovery in February; prices static
Tuesday, 13 March 2012, 11:10 am | BusinessDesk
March 13 (BusinessDesk) – New Zealand home sales jumped 37 percent in February as the property market continues to recover, though a shortage of listings is still holding back prices. More >>
Kermadec deal best independent directors could get: chairman
Tuesday, 13 March 2012, 11:06 am | BusinessDesk
March 13 (BusinessDesk) – Kermadec Property Fund’s $7 million deal to internalise its management contract is the best that the independent directors could extract, chairman Peter Wilson says. More >>
A2 raises $5.18M in placement with help from AMP Capital
Tuesday, 13 March 2012, 10:25 am | BusinessDesk
March 13 (BusinessDesk) – A2 Corp, which licenses techniques to identify milk with a protein variant claimed to have health benefits, is raising $5.18 million in a share placement to fund a joint venture targeting growth in the UK and Ireland. More >>
NZ dollar falls as investors look to US Fed for direction
Tuesday, 13 March 2012, 8:51 am | BusinessDesk
March 13 (BusinessDesk) – The New Zealand dollar fell on speculation the Federal Open Market Committee will refrain from further easing of monetary policy this week in the face of signs the world’s biggest economy is reviving. More >>
While you were sleeping: Fed, China concerns
Tuesday, 13 March 2012, 7:45 am | BusinessDesk
March 13 (BusinessDesk) - The focus has shifted to what, if any, the US central bank's next easing move could be as the latest trade figures from China have added to concerns about the pace of global economic growth. More >>
MARKET CLOSE: NZ shares rise; Chorus gains in heavy trading
Monday, 12 March 2012, 6:08 pm | BusinessDesk
March 12 (BusinessDesk) – New Zealand shares rose, as a weakening kiwi dollar lifted companies exposed to the US dollar, such as Fisher & Paykel Healthcare. Chorus, the network company spun off by Telecom, was the most-heavily traded stock and gained ... More >>
Super-rich are good for NZ, says Key
Monday, 12 March 2012, 5:51 pm | BusinessDesk
March 12 (BusinessDesk) – The tiny number of super-rich investors who come to New Zealand generally add value to the country far beyond whatever initial investment is required of them to gain residency, Prime Minister John Key said today. More >>
Key and Shearer go head to head with major speeches on Thurs
Monday, 12 March 2012, 5:24 pm | BusinessDesk
March 12 (BusinessDesk) – Prime Minister John Key and Labour Party leader David Shearer will effectively go head to head on Thursday with each leader scheduled to give a major speech in Auckland. More >>
NZ dollar falls as optimism for US recovery beds in
Monday, 12 March 2012, 5:21 pm | BusinessDesk
March 12 (BusinessDesk) – The New Zealand dollar extended losses through the local trading session as strong US data on Friday dimmed expectations the Federal Reserve will embark on another round of printing money, while Fonterra Cooperative Group ... More >>
Credit ratings over-rated: Infratil’s Brown fears “tick-box”
Monday, 12 March 2012, 3:33 pm | BusinessDesk
March 8 (BusinessDesk) – The Infratil group, which is the biggest issuer of debt that trades on the NZDX market, says its track record and wide analyst coverage are worth more to its corporate bond investors than having a credit rating. More >>
Opus directors seek 12% pay rise after 5 years on hold
Monday, 12 March 2012, 1:03 pm | BusinessDesk
March 12 (BusinessDesk) – The board of engineering firm Opus International Consultants will ask shareholders for a 12 percent increase in its fee pool, which hasn’t increased since listing in 2007. More >>
NZ Dollar Outlook: Kiwi may extend slide
Monday, 12 March 2012, 12:20 pm | BusinessDesk
March 12 (BusinessDesk) – The New Zealand dollar may extend its slide this week after Fonterra Cooperative Group cut its forecast payout for the 2011/2012 season and after positive US data dimmed the chance of further monetary stimulus from the ... More >>
PGC’s Torchlight seeks approval for A$15M IEF underwrite
Monday, 12 March 2012, 12:03 pm | BusinessDesk
March 12 (BusinessDesk) – Pyne Gould Corp’s Torchlight (GP) 1 wants investors in ASX-listed IEF Real Estate Entertainment Group to let it fully underwrite a A$15 million rights issue as part of a restructure to revive the Australian pub and club ... More >>
MIDDAY UPDATE: Fonterra cuts forecast; accommodation falls
Monday, 12 March 2012, 11:50 am | BusinessDesk
March 12 (BusinessDesk) – Fonterra Cooperative Group cut its forecast payout for the 2011/12 season, citing the rising New Zealand dollar, declining global prices of commodities and increased production from Northern Hemisphere rivals. More >>
