Scoop has an Ethical Paywall
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 1426]
Maritime Union announces sixth strike at Ports of Auckland
Tuesday, 31 January 2012, 9:06 am | BusinessDesk
Jan. 31 (BusinessDesk) –Maritime Union of New Zealand members at Ports of Auckland have voted to strike for a sixth time, and wharfies will refuse to work containers moved by the company’s transport unit Conlinxx. More >>
NZ dollar falls as Greece fails to close debt deal
Tuesday, 31 January 2012, 9:00 am | BusinessDesk
Jan. 31 (BusinessDesk) – The New Zealand dollar fell against the greenback on renewed concerns European Union leaders won’t resolve the region’s debt crisis at a summit in Brussels and talks continue between Greece and holders of its bonds. More >>
While you were sleeping: EU wariness renewed
Tuesday, 31 January 2012, 7:20 am | BusinessDesk
Jan. 31 (BusinessDesk) - Equities dropped amid concern about the glacial pace of progress in resolving Europe's debt crisis as there's still no agreement on a Greek debt swap, and bond yields in Portugal soared. More >>
Nufarm rejigs management team as Ooms departs
Monday, 30 January 2012, 5:40 pm | BusinessDesk
Jan. 30 (BusinessDesk) – Nufarm, the agricultural chemicals company, has announced a series of executive management changes to take effect from February with the departure of its industrial chemicals chief. More >>
MARKET CLOSE: NZ shares rise; Fletcher gains to 3-month high
Monday, 30 January 2012, 5:36 pm | BusinessDesk
Jan. 30 (BusinessDesk) – New Zealand shares rose as Fletcher Building, the biggest company on the bourse, rose to a three-month high on optimism its earnings will recover once rebuilding of Christchurch gets underway. Rakon fell after saying it couldn’t ... More >>
NZ dollar holds above 82 cts as EU talks on rescue fund loom
Monday, 30 January 2012, 5:19 pm | BusinessDesk
Jan. 30 (BusinessDesk) – The New Zealand dollar held above 82 US cents ahead of a European Union summit where leaders in the region are expected to endorse a rescue fund for heavily indebted members. More >>
Bathurst Resources signs deal for space at Port Taranaki
Monday, 30 January 2012, 2:56 pm | BusinessDesk
Jan. 30 (BusinessDesk) – Coal-miner Bathurst Resources has signed a deal with Port Taranaki to lease some ground at the New Plymouth transport hub. More >>
NZ Dollar Outlook: Kiwi may gain if Greece closes debt deal
Monday, 30 January 2012, 12:41 pm | BusinessDesk
Jan. 30 (BusinessDesk) – The New Zealand dollar may extend its gains from a four-month high this week if Greece manages to secure a debt-swap deal with creditors needed to prevent the country from defaulting. More >>
MIDDAY UPDATE: Bollard to stand down, services sector slows
Monday, 30 January 2012, 12:02 pm | BusinessDesk
Jan. 30 (BusinessDesk) – Reserve Bank Governor Alan Bollard says he won’t seek a third term heading up New Zealand’s central bank. More >>
TeamTalk shareholders approve new Westpac facility
Monday, 30 January 2012, 11:49 am | BusinessDesk
Jan. 30 (BusinessDesk) – Sharesholders of TeamTalk, which owns the CityLink fibre optic network, signed off on a new $25 million facility with Westpac New Zealand and gave approval for the company to seek a further $10 million for any acquisition ... More >>
NZ services sector growth slowed in December
Monday, 30 January 2012, 11:17 am | BusinessDesk
Jan. 30 (BusinessDesk) – New Zealand’s services sector growth slowed in December as activity and supplier deliveries contracting, while employment remained strong. More >>
NZ pipfruit exports flat amid bad weather, slow Euro demand
Monday, 30 January 2012, 11:13 am | BusinessDesk
Jan. 30 (BusinessDesk) – New Zealand’s apple and pear exports are on track to match last year’s levels despite bad frosts and lower European export levels, according to Pipfruit New Zealand. More >>
Bollard won’t seek a third term at Reserve Bank of NZ
Monday, 30 January 2012, 10:46 am | BusinessDesk
Jan. 30 (BusinessDesk) – Reserve Bank Governor Alan Bollard says he won’t seek a third term heading up New Zealand’s central bank. More >>
Rakon to respond tomorrow to NZX query over stock surge
Monday, 30 January 2012, 10:22 am | BusinessDesk
Rakon to respond tomorrow to NZX ‘please explain’ query over 49% surge in stock this month More >>
Rakon to respond tomorrow to NZX query over stock surge
Monday, 30 January 2012, 10:22 am | BusinessDesk
Rakon to respond tomorrow to NZX ‘please explain’ query over 49% surge in stock this month More >>
NZ dollar rises to 4-month high after US GDP, Greek talks
Monday, 30 January 2012, 9:00 am | BusinessDesk
Jan. 30 (BusinessDesk) – The New Zealand dollar hit a fresh fourth-month high against the greenback after unexpectedly weak US gross domestic product for the fourth quarter and reports that Greece will reach a debt-swap deal with creditors this week. More >>
World Week Ahead: Euro summit, US jobs
Monday, 30 January 2012, 8:43 am | BusinessDesk
Jan. 30 (BusinessDesk) - The European Union's first summit of the year kicks off the week on Monday amid high hopes that Greece and its private creditors are about to agree on a debt swap that garners approval of the euro zone's leaders. More >>
Under pressure Christchurch council boss rejects pay rise
Friday, 27 January 2012, 5:56 pm | BusinessDesk
Jan. 27 (BusinessDesk) - Christchurch City Council’s Chief Executive Tony Marryatt has instructed the council’s payroll office to stop paying him a controversial salary increase from today, citing negative publicly and public opinion. More >>
MARKET CLOSE: NZX50 gain as low rates bolsters confidence
Friday, 27 January 2012, 5:52 pm | BusinessDesk
Jan. 27 (BusinessDesk) – New Zealand shares gained for a third day as the prospect of globally low interest rates for an extended period stoked investors’ appetite for riskier, or higher-yielding, assets such as stocks. Fletcher Building paced gainers. More >>
NZ dollar holds near 3mth high on trade surplus; Bollard
Friday, 27 January 2012, 5:22 pm | BusinessDesk
Jan. 27 (BusinessDesk) – The New Zealand dollar held near a fresh three-month high in local trading against the greenback after data showed the nation unexpectedly posted its first trade surplus in five months and Reserve Bank Governor Alan Bollard ... More >>
