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BusinessDesk - Latest News [Page 1406]

Widespread to get new majority partner in Vietnamese project

Friday, 2 March 2012, 9:36 am | BusinessDesk

March 2 (BusinessDesk) – Widespread Portfolios, whose investments include NZAX-listed Chatham Rock Phosphate, may get a new major partner in its Vietnamese copper and nickel project and is hopeful of sourcing fresh funds for the venture. More >>

NZ dollar gains as stock market strength lifts risk appetite

Friday, 2 March 2012, 9:05 am | BusinessDesk

March 2 (BusinessDesk) – The New Zealand dollar rose against most of its global peers as equity markets continued their ascent, helping stoke risk appetite and demand for currencies such as the kiwi and the Australian dollar. More >>

While you were sleeping: Retail, auto sales lift mood

Friday, 2 March 2012, 7:37 am | BusinessDesk

March 2 (BusinessDesk) - Wall Street advanced after another drop in the number of Americans applying for unemployment benefits and better-than-expected sales for US retailers including GAP. Even so, disappointing manufacturing data kept a lid on ... More >>

MARKET CLOSE: NZ shares rise; Fletcher, Cavalier gain

Thursday, 1 March 2012, 5:47 pm | BusinessDesk

March 1 (BusinessDesk) – New Zealand shares rose as the earnings season came to a close. Fletcher Building, which missed guidance, and Cavalier, which reported a profit slump, led gainers. Zintel soared after it got a firm offer for its Australian ... More >>

NZ dollar falls as Bernanke view digested

Thursday, 1 March 2012, 5:15 pm | BusinessDesk

March 1 (BusinessDesk) – The New Zealand dollar fell after US Federal Reserve chairman Ben Bernanke said the world’s biggest economy kicked off the year well, sapping investors’ appetite for higher-yielding, or riskier, assets. More >>

Canterbury University takes $150M quake charge

Thursday, 1 March 2012, 3:45 pm | BusinessDesk

Mar. 1 (BusinessDesk) – The University of Canterbury reported a record full-year loss after taking $150 million in charges against earthquake damaged assets and predicted an ongoing loss of students. More >>

Zintel's Australian sale worth more than group; shares soar

Thursday, 1 March 2012, 3:14 pm | BusinessDesk

Zintel expects $15.3M from Australian sale, more than its market cap; shares soar 82% More >>

Woolworths wins market share in NZ supermarket battle

Thursday, 1 March 2012, 2:49 pm | BusinessDesk

March 1 (BusinessDesk) – Woolworths, which has about 40 percent of New Zealand’s supermarket sales, has widened its margins and recorded growth in both revenue and earnings in a first-half characterised by the rebranding of all its outlets as Countdown. More >>

TVNZ eyes digital expansion as more viewers go online

Thursday, 1 March 2012, 1:46 pm | BusinessDesk

Mar. 1 (BusinessDesk) – Television New Zealand, the state-owned broadcaster, wants to boost its digital footprint as more people go online to access their favourite programmes. More >>

NZ regulator happy with outcome of Telecom split

Thursday, 1 March 2012, 12:53 pm | BusinessDesk

Mar. 1 (BusinessDesk) – The Commerce Commission is happy with last year’s structural separation of phone company Telecom and its network unit Chorus, saying there’s no economic incentive for the remaining entities to shoulder out their rivals. More >>

Zintel soars on Australian unit sale, plan to return capital

Thursday, 1 March 2012, 12:28 pm | BusinessDesk

March 1 (BusinessDesk) – Zintel Group shares soared 36 percent after the business telecommunications company announced the sale of its Australian unit for $15.3 million, most of which it plans to return to shareholders. More >>

MIDDAY UPDATE: Terms of trade fall, Glass Earth strikes gold

Thursday, 1 March 2012, 12:05 pm | BusinessDesk

March 1 (BusinessDesk) - New Zealand’s terms of trades – the amount of imports that can be funded from a fixed quantity of exports, fell for a second quarter in the final three months of 2011 as prices of export rose less than imports. More >>

NZ terms of trade falls less than expected in fourth quarter

Thursday, 1 March 2012, 11:52 am | BusinessDesk

March 1 (BusinessDesk) – New Zealand’s terms of trades fell for a second quarter in the final three months of 2011 as export prices rose less than the price of imports in the face of a weakening New Zealand dollar. More >>

IAG gets antitrust clearance to buy NZ insurance rival AMI

Thursday, 1 March 2012, 11:10 am | BusinessDesk

March 1 (BusinessDesk) – Insurance Australia Group has been cleared by the Commerce Commission to acquire the ‘good’ assets of New Zealand rival AMI Insurance. More >>

From the Farm: Go Dairy? How?

Thursday, 1 March 2012, 10:17 am | BusinessDesk

I've thought about going dairying. That was 15 years ago, when prices weren't sky high as they seem to be now. More >>

Rubicon loss widens as strong kiwi hits Tenon

Thursday, 1 March 2012, 9:39 am | BusinessDesk

Mar. 1 (BusinessDesk) – Rubicon, the forestry-based biotech company, sank deeper into the red in the first half as a strong kiwi dollar and tepid US housing market weighed on subsidiary Tenon’s earnings, and its debt costs rose. The Auckland-based ... More >>