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BusinessDesk - Latest News [Page 1431]

OCR PREVIEW: Interest rates on hold all year?

Sunday, 22 January 2012, 3:40 pm | BusinessDesk

Jan. 22 (BusinessDesk) – Economists see no prospect of the Reserve Bank of New Zealand raising the historically low Official Cash Rate at its review this Thursday, and will only be looking for signs on timing later in the year or early 2013 from ... More >>

Former South Canterbury Finance CFO outs himself as accused

Friday, 20 January 2012, 6:07 pm | BusinessDesk

Jan. 20 (BusinessDesk) – Former South Canterbury Finance chief financial officer Graeme Brown has named himself as one of the five accused in relation to an alleged $1.7 billion fraud. More >>

MARKET CLOSE: NZ shares gain, property stocks rise

Friday, 20 January 2012, 5:42 pm | BusinessDesk

Jan. 20 (BusinessDesk) – New Zealand shares gained for a fourth day as the prospect of a low-interest rate environment encouraged confident investors to seek out higher-yielding stocks. Listed property entities paced today’s rise. More >>

NZ dollar hovers below 62 euro cts as Europe stabilises

Friday, 20 January 2012, 5:31 pm | BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand dollar continued to trade below 62 euro cents after speculation the euro could be in the early stages of stabilising as Greece heads into its third day of debt talks. More >>

Turners and Growers face $21 million write down of assets

Friday, 20 January 2012, 4:53 pm | BusinessDesk

Jan 20 (BusinessDesk) - Turners and Growers have announced they are set to write down approximately $21 million of assets for the 2011 financial year, reflecting tough times for kiwifruit growers and the extinction of tax losses caused by the ... More >>

MONEY TALKS: How much longer until KiwiSaver settles down?

Friday, 20 January 2012, 4:25 pm | BusinessDesk

It verges on being compulsory superannuation, forcing those of us young enough to miss out on a universal pension to build our own nest egg. More >>

Air NZ long haul passenger numbers down 5% in December

Friday, 20 January 2012, 4:04 pm | BusinessDesk

Jan. 20 (BusinessDesk) – Air New Zealand’s long haul passenger numbers fell 5 percent last month as the ongoing squeeze in international travel weighs on the national carrier’s global trade. More >>

Kerr takeover may give PGC investors bargain opportunity

Friday, 20 January 2012, 3:55 pm | BusinessDesk

Jan. 20 (BusinessDesk) – Pyne Gould Corporation shareholders may have the opportunity to sell their shares to George Kerr’s Australasian Equity Partners No. 1 LP and buy back in at a cheaper price, the company’s independent directors say. More >>

Rural farm sales climb 66% in strong yearly finish

Friday, 20 January 2012, 3:24 pm | BusinessDesk

Jan. 20 (BusinessDesk) – New Zealand farm sales climbed 66 percent in the December quarter, lead by strong growth in the Canterbury region and off-shore buying. More >>

Nuplex enters Russian joint venture with KVIL

Friday, 20 January 2012, 3:19 pm | BusinessDesk

Jan. 20 (BusinessDesk) - Nuplex Industries, the specialty resins maker, has signed up to a joint venture with Russian paint and resins manufacturer KVIL. More >>

Business as usual, says Kodak NZ

Friday, 20 January 2012, 12:51 pm | BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand arm of troubled global film and camera maker Kodak confirms “it is business as usual” for its New Zealand and Australian subsidiaries after parent company Eastman Kodak Co. yesterday announced it had filed ... More >>

Maritime Union expects mass redundancy at Ports of Auckland

Friday, 20 January 2012, 12:27 pm | BusinessDesk

Jan. 20 (BusinessDesk) – The Maritime Union of New Zealand is gearing up for its 330 Auckland workers to be made redundant after the port management outlined its plan to hire outside contractors at a formal consultation this morning. More >>

MIDDAY UPDATE: NZ arrests file-sharing kingpin for FBI

Friday, 20 January 2012, 12:13 pm | BusinessDesk

Jan. 20 (BusinessDesk) – Kim Dotcom, the founder of file-sharing site megaupload.com, has been arrested in Auckland this morning as part of an operation led by the US Department of Justice targeting large scale criminal copyright infringement and money ... More >>