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 1428]
Five Star Finance liquidator loses bid to cancel $929k loan
Thursday, 26 January 2012, 3:11 pm | BusinessDesk
Jan. 26 (BusinessDesk) – The liquidator for failed lender Five Star Finance has lost its bid to void a series of transactions worth some $929,000. More >>
SFO lays charges against failed Gisborne lender Rockforte
Thursday, 26 January 2012, 2:56 pm | BusinessDesk
Jan. 26 (BusinessDesk) – Rockforte Finance, the failed Gisborne lender, has received a total of 92 criminal charges which have been laid against all three of its directors by the Serious Fraud Office. More >>
Baby boomers & Gen Y are back seeking credit
Thursday, 26 January 2012, 2:00 pm | BusinessDesk
Jan. 26 (BusinessDesk) – Baby boomers and Generation Y have resumed their spending sprees with demand for credit cards and mortgages on the rise following two years of falling demand, according to credit bureau Veda. More >>
Wellington Beltway trophy lost as Key changes mobile number
Thursday, 26 January 2012, 1:27 pm | BusinessDesk
Jan. 26 (BusinessDesk) – Disappointment looms for A-listers and crank callers alike as Prime Minister John Key changes his cellphone number after it became public on the internet through the unauthorised publication of the so-called “teapot tapes.” More >>
Karacaoglu heads to Treasury from Co-operative Bank
Thursday, 26 January 2012, 12:53 pm | BusinessDesk
Jan.26 (BusinessDesk) - The Co-operative Bank’s chief executive Girol Karacaoglu is leaving on March 1 to become a deputy secretary at the Treasury. More >>
Govt will only ditch Budget surplusif world economy implodes
Thursday, 26 January 2012, 12:24 pm | BusinessDesk
Jan. 26 (BusinessDesk) – The government still expects to post a Budget surplus in 2014/15, but it will be smaller than previously forecast and could be ditched if the European debt crisis triggered a “major shock to the global economy,” ... More >>
MIDDAY UPDATE: Kiwi climbs as OCR remains unchanged
Thursday, 26 January 2012, 11:59 am | BusinessDesk
Jan. 26 (BusinessDesk) – Reserve Bank Governor Alan Bollard held the official cash rate at 2.5 percent, prompting the New Zealand dollar to rise 0.7 percent, as international financial markets threaten to push up local bank funding costs, and local economic ... More >>
Kiwi climbs 0.7% as Bollard backs off jawboning currency
Thursday, 26 January 2012, 11:13 am | BusinessDesk
NZ dollar climbs 0.7% as Bollard backs off jawboning currency, keeps OCR on hold More >>
Police seek advice over Hubbard car crash
Thursday, 26 January 2012, 10:55 am | BusinessDesk
Jan. 26 (BusinessDesk) – The New Zealand Police are seeking legal opinion over the car crash that killed Timaru businessman Alan Hubbard, but have no time frame for a decision on whether charges will be laid. More >>
Decision due on Crafar farms tonight or tomorrow
Thursday, 26 January 2012, 10:47 am | BusinessDesk
Jan. 26 (BusinessDesk) – A ministerial decision on the sale of 16 farms to China’s Shanghai Pengxin is due late tonight or tomorrow, the High Court in Wellington heard today. More >>
Xero flags doubling in revenue on rising customer numbers
Thursday, 26 January 2012, 10:34 am | BusinessDesk
Jan. 26 (BusinessDesk) – Xero, the cloud-based accounting platform provider, expects full year operating revenue to double as it boosts customer numbers. The shares rose 0.4 percent in trading today. More >>
Tui oil JV seeking new drilling sites around the field
Thursday, 26 January 2012, 9:41 am | BusinessDesk
Jan. 26 (BusinessDesk) – The joint venture running the Tui oil field off the Taranaki coast will evaluate new drilling sites inside and near the field in the first quarter of the year, partner Pan Pacific Petroleum (PPP) said. More >>
FROM THE FARM: It’s time we owned our agriculture story
Thursday, 26 January 2012, 9:11 am | BusinessDesk
One of the ironic facts about New Zealand agriculture is that we don’t own its story. More >>
Bollard holds OCR at 2.5%, flags rising bank funding costs
Thursday, 26 January 2012, 9:02 am | BusinessDesk
Jan. 26 (BusinessDesk) – Reserve Bank Governor Alan Bollard held the official cash rate at 2.5 percent, saying international financial markets are still threatening to push up local bank funding costs, and New Zealand’s economic recovery may be ... More >>
NZ dollar gains as Fed extends low interest rates; OCR looms
Thursday, 26 January 2012, 8:31 am | BusinessDesk
Jan. 26 (BusinessDesk) – The New Zealand dollar hit a fresh three month high against the greenback ahead of today’s official cash rate review, where the Reserve Bank is expected to keep rates on hold, and news the US Federal Reserve will keep its ... More >>
While you were sleeping: Fed on long-term pause
Thursday, 26 January 2012, 7:05 am | BusinessDesk
Jan. 26 (BusinessDesk) - Underpinning today's mixed bag of American corporate results, the Federal Reserve said it will keep interest rates low until at least late into 2014 as the world's largest economy still needs plenty of help. More >>
PM has no qualms with OIO as Pengxin decision looms
Wednesday, 25 January 2012, 6:43 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Prime Minister John Key hasn’t seen anything to make him question the Overseas Investment Office, which is facing a potential judicial review over its processing of an application by a Chinese investor to buy local farms. More >>
UPDATE: Kim Dotcom to appeal after being refused bail in NZ
Wednesday, 25 January 2012, 6:14 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Kim Dotcom is to appeal after being refused bail by a New Zealand judge who decided there was a significant risk of flight. More >>
MARKET CLOSE: Shares rise as Apple earnings please
Wednesday, 25 January 2012, 5:56 pm | BusinessDesk
Jan. 25 (BusinessDesk) – New Zealand shares rose on Wednesday paced by gains in leading shares as a strong result from Apple Inc after the US market close took attention away from Greece’s unresolved debt situation. More >>
