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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 1429]
NZ dollar gains after Australian inflation; OCR looms
Wednesday, 25 January 2012, 5:37 pm | BusinessDesk
Jan. 25 (BusinessDesk) – The New Zealand dollar gained against the greenback ahead of tomorrow’s official cash rate review, where the Reserve Bank is expected to keep rates on hold, and after Australian inflation was more benign than expected. More >>
UPDATE: NZ manufacturing sector expands weakly in December
Wednesday, 25 January 2012, 5:36 pm | BusinessDesk
Jan. 25 (BusinessDesk) – The New Zealand manufacturing sector ended 2011 on a positive note, with December recording the highest level of activity since August last year. More >>
NZ manufacturing sector bounces back from 2-year low in Dec
Wednesday, 25 January 2012, 5:26 pm | BusinessDesk
Jan. 25 (BusinessDesk) –New Zealand’s manufacturing sector bounced back from a two-and-a-half year low in December, expanding for the first time in two months. More >>
Kim Dotcom is refused bail in New Zealand
Wednesday, 25 January 2012, 3:53 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Kim Dotcom has been refused bail by a New Zealand judge who decided there was a significant risk of flight. More >>
DNZ extends average lease term, boosts occupancy in 3Q
Wednesday, 25 January 2012, 2:58 pm | BusinessDesk
Jan. 25 (BusinessDesk) – DNZ Property Fund, which failed in a merger bid with Argosy Property Trust last year, extended its average lease term and lifted its occupancy rate in the final three months of 2011. More >>
TV ad revenue rises in 2011 on better advertiser confidence
Wednesday, 25 January 2012, 2:23 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Television revenue rose about 2 percent in 2011, demonstrating advertisers’ confidence in the medium, according to free-to-air television promoters ThinkTV. More >>
TV ad revenue rises in 2011 on rising advertiser confidence
Wednesday, 25 January 2012, 2:21 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Television revenue rose about 2 percent in 2011, demonstrating advertisers’ confidence in the medium, according to free-to-air television promoters ThinkTV. More >>
Ports of Auckland taps ex-union breaker for labour advice
Wednesday, 25 January 2012, 1:32 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Ports of Auckland is employing Jon Mayson, the former Port of Tauranga chief executive who helped set up more flexible labour relations at Port of Tauranga, as a consultant. More >>
MIDDAY UPDATE: Kim Dotcom still in custody
Wednesday, 25 January 2012, 11:57 am | BusinessDesk
Jan. 25 (BusinessDesk) – Kim Dotcom, the founder of file-sharing site megaupload.com, has been denied bail in the North Shore District Court, after he was accused of being at the centre of a computer piracy on Friday. More >>
Pernod Ricard books Lindauer loss while tax dispute looms
Wednesday, 25 January 2012, 11:14 am | BusinessDesk
Jan. 25 (BusinessDesk) – French liquor company Pernod Ricard has taken a $99.1 million loss on the sale of assets by its New Zealand business while a dispute with the Inland Revenue Department sits in its accounts as a potential $87.4 million future ... More >>
Listed companies put off paying the bill, D&B says
Wednesday, 25 January 2012, 10:50 am | BusinessDesk
Jan. 25 (BusinessDesk) – Publicly-listed companies took a week longer than the private sector to pay their bills in the December quarter, the largest disparity between the sectors in four years, according to debt collection agency Dun & ... More >>
Antitrust regulator mulls bank competition in IAG/AMI deal
Wednesday, 25 January 2012, 10:14 am | BusinessDesk
Jan. 25 (BusinessDesk) – The Commerce Commission will look at whether banks will act as a competitive constraint on insurers when it weighs up whether Insurance Australia Group is allowed to acquire the good businesses of AMI Insurance. More >>
Kiwi pimple cream bursts into US market
Wednesday, 25 January 2012, 9:09 am | BusinessDesk
Jan. 25 (BusinessDesk) – New Zealand’s Douglas Pharmaceuticals has gained Food and Drug administration approval to sell its acne medication, isotretinoin, in the United States. More >>
NZ dollar holds near 3-month high after IMF cuts forecast
Wednesday, 25 January 2012, 8:44 am | BusinessDesk
NZ dollar holds near 3-month high after IMF downgrades forecasts; Greek stalemate By Hannah Lynch More >>
While you were sleeping: IMF cuts growth outlook
Wednesday, 25 January 2012, 7:05 am | BusinessDesk
Jan. 25 (BusinessDesk) - Equities dropped after the International Monetary Fund slashed its forecast for global economic growth and European Union finance ministers rejected a debt swap deal between Greece and its private bondholders, saying the latter needed ... More >>
MARKET CLOSE: Contact Energy falls beyond 8-year low
Tuesday, 24 January 2012, 6:07 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Shares in power company Contact Energy fell to an eight-and-a-half year low, pacing the New Zealand stock market lower and snapping a five-day streak of gains. More >>
NZ Dollar holds near 3mth high ahead of Fed meeting
Tuesday, 24 January 2012, 5:15 pm | BusinessDesk
Jan. 24 (BusinessDesk) – The New Zealand dollar hit a three month high against the greenback in local trading, ahead of the Federal Reserve’s two-day meeting where policymakers will provide a first-time forecast for benchmark interest rates. More >>
Fay’s Crafar bid lodges court proceedings seeking OIO papers
Tuesday, 24 January 2012, 4:49 pm | BusinessDesk
Jan. 24 (BusinessDesk) – The consortium of investors led by investment banker Michael Fay to mount a rival bid for the Crafar family farms has lodged proceedings in the Welllington High Court to get a copy of the Overseas Investment Office’s recommendation ... More >>
Treasury high-class but stuck in its ways, stakeholders say
Tuesday, 24 January 2012, 4:17 pm | BusinessDesk
Jan. 24 (BusinessDesk) – The Treasury is influential but is stuck its ways and sends too many whipper-snappers to meetings, according to a survey of the department’s stakeholders. More >>
Low-cost smartphones to flood the market: Deloitte
Tuesday, 24 January 2012, 4:08 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Being smartphone savvy will be a whole lot easier, with about half a billion low-cost versions to enter the global market by the end of the year, according to Deloitte’s Technology, Media and Telecommunications 2012 Predictions. More >>
