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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 1422]
Auckland Airport flags higher passenger numbers, Cairns lags
Tuesday, 7 February 2012, 3:59 pm | BusinessDesk
Feb. 7 (BusinessDesk) – Auckland International Airport, the country’s biggest gateway, flagged monthly gains in both international and domestic passenger numbers in December. More >>
Electricity industry stalwart, Barrie Leay, dies suddenly
Tuesday, 7 February 2012, 3:51 pm | BusinessDesk
Feb. 7 (BusinessDesk) – Long-time electricity sector leader Barrie Leay has died suddenly, in Australia. More >>
NZ card spending creeps up 3.5 percent in January: Paymark
Tuesday, 7 February 2012, 3:49 pm | BusinessDesk
Feb. 7 (BusinessDesk) – New Zealanders boosted spending on their EFTPOS cards by 3.5 percent in January, showing tepid growth, according to transaction processor Paymark. More >>
NZ Treasury flags heightened risk from European debt crisis
Tuesday, 7 February 2012, 2:55 pm | BusinessDesk
Feb. 7 (BusinessDesk) – The Treasury says the European debt crisis has heightened risks to New Zealand and its trading partners, though the situation isn’t as bad as the worst-case scenario painted in its pre-election fiscal and economic update ... More >>
NZ Dollar Outlook: Kiwi to trade at elevated levels
Tuesday, 7 February 2012, 12:39 pm | BusinessDesk
NZ Dollar Outlook: Kiwi to trade at elevated levels on local jobs data; Greek progress awaited More >>
BNZ cuts bad debt impairments, interest margins ‘stable'
Tuesday, 7 February 2012, 12:09 pm | BusinessDesk
Feb. 7 (BusinessDesk) – Bank of New Zealand, the local unit of National Australia Bank, reduced impairment charges on bad debts and kept its interest rate margins “broadly stable” in the final three months of last year. More >>
MIDDAY UPDATE: Wage costs relatively subdued; NZ dollar high
Tuesday, 7 February 2012, 12:07 pm | BusinessDesk
Feb. 7 (BusinessDesk) - New Zealand wage inflation accelerated for private sector workers and slowed for public servants in the fourth quarter, leaving overall labour costs benign enough to ensure the central bank keeps interest rates low. More >>
Kirkcaldie says potential retail buyer yet to make offer
Tuesday, 7 February 2012, 11:45 am | BusinessDesk
Feb. 7 (BusinessDesk) – Kircaldie & Stains chairman Falcon Clouston met with a potential buyer for the company’s ailing retail business, but didn’t receive a firm offer. More >>
NZ mining consent system ‘encourages delay’, Bathurst says
Tuesday, 7 February 2012, 11:13 am | BusinessDesk
Feb. 7 (BusinessDesk) – New Zealand’s resource management consent process creates “real opportunites for a project to be intentionally delayed” by its opponents, says Bathurst Resources managing director Hamish Bohannan. More >>
NZ 4Q wage inflation speeds in private sector
Tuesday, 7 February 2012, 10:55 am | BusinessDesk
NZ 4Q wage inflation speeds up in private sector, slows for state workers By Paul McBeth Feb. 7 (BusinessDesk) – New Zealand wage inflation accelerated for private sector workers and slowed for public servants in the fourth quarter, leaving overall ... More >>
GuocoLeisure feels impact of euro debt crisis as sales fall
Tuesday, 7 February 2012, 9:52 am | BusinessDesk
Feb. 7 (BusinessDesk) – GuocoLeisure, the Singapore-listed investment group once known as Brierley Investments, posted a decline in first-half sales on a drop in revenue from its UK-based Clermont Leisure casinos and said Europe’s debt crisis ... More >>
NZ dollar holds near record vs. euro as Greek default looms
Tuesday, 7 February 2012, 8:56 am | BusinessDesk
Feb. 7 (BusinessDesk) – The New Zealand dollar held near a 5-month high against the greenback and near a record versus the euro following better-than-expected US jobs data and concerns Greece’s political leaders will fail to reach the conditions ... More >>
While you were sleeping: Greece frustrates
Tuesday, 7 February 2012, 7:36 am | BusinessDesk
Feb. 7 (BusinessDesk) - European Union leaders and investors alike grew ever more impatient with Greece's dillydallying on finalising agreements on the nation's debt reform measures needed to secure another bailout to prevent default. More >>
World Week Ahead: Policy makers centre stage
Monday, 6 February 2012, 11:29 am | BusinessDesk
Feb. 6 (BusinessDesk) - After a stunning end to last week with a US jobs report that surpassed everyone's forecasts, it's hard to remain gloomy as the strong start of 2012 has taken many investors and analysts by surprise. Wall Street posted yet another ... More >>
MARKET CLOSE: NZ shares fall as markets await Greek progress
Friday, 3 February 2012, 6:17 pm | BusinessDesk
Feb. 3 (BusinessDesk) – New Zealand shares fell after Warehouse Group lowered its guidance and led a decline among retailers on the NZX 50 Index. Investors are awaiting progress over the weekend on Greece’s debt talks, and US payrolls, which are expected ... More >>
NZ dollar holds near 5-month high before US payrolls
Friday, 3 February 2012, 5:53 pm | BusinessDesk
Feb. 3 (BusinessDesk) – The New Zealand dollar held near a 5-month high before the release in the US on Friday of non-farm payrolls, a weighty enough measure to lift global risk sentiment if it adds to signs the global economy hasn’t quite ... More >>
MONEY TALKS: Putting your money with who you trust
Friday, 3 February 2012, 5:51 pm | BusinessDesk
As one of the big finance company trials comes to close, it seems difficult to remember how so many people fell for the prospect of easy money through much of the last decade. More >>
Judge reserves decision in Lombard Finance case
Friday, 3 February 2012, 5:45 pm | BusinessDesk
Feb. 3 (BusinessDesk) – Justice Robert Dobson has reserved his decision after defence counsel for the directors of Lombard Finance & Investments concluded their summing up today. More >>
Lombard documents showed it wasn't business as usual: lawyer
Friday, 3 February 2012, 2:13 pm | BusinessDesk
Feb. 3 (BusinessDesk) – Lombard Finance & Investments issued the offer documents that have landed it in trouble in recognition that it wasn’t “business as usual”, according to the defence. More >>
UPDATED: South Canterbury Dairy Holdings stake sold for $56M
Friday, 3 February 2012, 1:46 pm | BusinessDesk
Feb. 3 (BusinessDesk) – The receivers of South Canterbury Finance sold the failed finance company’s 33.6 percent stake in Dairy Holdings to existing shareholders and the dairy farm group’s US investors took advantage of the deal to exit their ... More >>
