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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 1436]
UPDATED: Auckland homes slip from buyers reach, Massey says
Thursday, 12 January 2012, 1:59 pm | BusinessDesk
Jan. 12 (BusinessDesk) – Auckland has overtaken Central Otago as the least affordable region to buy a house, according to a quarterly report published by Massey University. More >>
NZ commodity prices finish 2011 on weak note
Thursday, 12 January 2012, 1:42 pm | BusinessDesk
Jan. 12 (BusinessDesk) – New Zealand commodity prices dropped to their lowest levels in a year, led by declines in wool and skins. More >>
From The Farm: Wool, the Cold War-era fibre
Thursday, 12 January 2012, 12:58 pm | BusinessDesk
Gazing north across the demilitarised zone that separates South and North Korea, you get the impression of a dreary, hilly country bare of trees. More >>
MIDDAY UPDATE: NZ dollar gains against euro
Thursday, 12 January 2012, 12:17 pm | BusinessDesk
Jan. 12 (BusinessDesk) – The New Zealand dollar was the biggest gainer among the world’s 10 most-traded currencies and set a new high against the euro as the Germany economy shrank and Fitch Ratings urged the European Central Bank to do more to tackle ... More >>
Auckland homes slip from buyers reach, Massey says
Thursday, 12 January 2012, 11:46 am | BusinessDesk
Jan. 12 (BusinessDesk) – Auckland has overtaken Central Otago as the least affordable region to buy a house, according to Massey University’s latest home affordability report. More >>
Treasury puts out feelers for ideas to cut government costs
Thursday, 12 January 2012, 11:20 am | BusinessDesk
Jan. 12 (BusinessDesk) – The Treasury’s Cross Agency Programme Management Office is asking for good ideas from the private sector to cut the government’s costs and lift the public service’s effectiveness. More >>
NZ dollar gains vs. euro on shrinking German economy, Fitch
Thursday, 12 January 2012, 9:15 am | BusinessDesk
Jan. 12 (BusinessDesk) – The New Zealand dollar was the biggest gainer among the world’s 10 most-traded currencies and set a new high against the euro as the Germany economy shrank and Fitch Ratings urged the European Central Bank to do more to tackle ... More >>
While you were sleeping: German economy contracts
Thursday, 12 January 2012, 7:42 am | BusinessDesk
Jan. 12 (BusinessDesk) - Concern that Europe will fail to resolve its debt crisis any time soon pushed the euro and stocks on both sides of the Atlantic lower, while fuelling appetite for US Treasuries. More >>
While you were sleeping: German economy contracts
Thursday, 12 January 2012, 7:41 am | BusinessDesk
Jan. 12 (BusinessDesk) - Concern that Europe will fail to resolve its debt crisis any time soon pushed the euro and stocks on both sides of the Atlantic lower, while fuelling appetite for US Treasuries. More >>
Michael Hill margins squeezed in Australia, sales grow
Wednesday, 11 January 2012, 6:06 pm | BusinessDesk
Jan. 11 (BusinessDesk) – Michael Hill International, the jewellery retail chain, faced a margin squeeze in Australia through the tail-end of last year, but was still able to grow first-half sales 7.2 percent. More >>
MARKET CLOSE: NZ shares rise; Fletcher up from 2 1/2-yr low
Wednesday, 11 January 2012, 6:01 pm | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand shares rose as Fletcher Building gained from a 2 1/2-year low on perceptions the construction company has been overly punished given the prospects of economic growth. OceanaGold and Australian companies AMP, ... More >>
Kerr poised to take control of Pyne Gould
Wednesday, 11 January 2012, 5:21 pm | BusinessDesk
Jan. 11 (BusinessDesk) - George Kerr’s Australian Equity Partners Fund is poised to take control of Pyne Gould Corp, according to the latest shareholder notice. More >>
NZ dollar extends gains vs. euro ahead of bond sales
Wednesday, 11 January 2012, 5:15 pm | BusinessDesk
Jan. 11 (BusinessDesk) – The New Zealand dollar rose against the euro through local trading today ahead of Spanish and Italian bond auctions on Wednesday in Europe that will test investor sentiment for the heavily indebted nations. More >>
Fonterra flags cut to domestic wholesale milk prices
Wednesday, 11 January 2012, 3:33 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Fonterra Cooperative, the world’s biggest dairy exporter, will cut the wholesale price of milk to retailers at the end of the month. More >>
Daily deal sites lift game as consumer complaints fall
Wednesday, 11 January 2012, 3:23 pm | BusinessDesk
Jan. 11 (BusinessDesk) – The Commerce Commission is claiming credit for a halving in consumer complaints about daily deal websites in 2011, when there number exploded. More >>
Spotless wants A$2.80 cash, dividend to endorse PEP offer
Wednesday, 11 January 2012, 3:08 pm | BusinessDesk
Spotless won’t endorse sale to Pacific Equity Partners for less than A$2.80 a share More >>
Wellington Employer’s Chamber chief stands down
Wednesday, 11 January 2012, 2:23 pm | BusinessDesk
Jan. 11 (BusinessDesk) – Wellington Employers’ Chamber of Commerce Central chief executive Ken Harris has resigned due outside interests and other directorships. More >>
MIDDAY UPDATE: Auckland December property sales at 5-yr high
Wednesday, 11 January 2012, 12:08 pm | BusinessDesk
Jan. 11 (BusinessDesk) – The Auckland housing market finished 2011 on a high with the greatest volume of December sales in five years, while the average selling price rose 1 percent from November. More >>
NZ employment confidence drops to two-year low
Wednesday, 11 January 2012, 11:40 am | BusinessDesk
Jan. 11 (BusinessDesk) – New Zealanders are the most pessimistic about the jobs market in more than two years as companies trim back their plans to take on more workers. The Westpac-McDermott Miller Confidence Index fell 4.6 points to 99.6 in ... More >>
Auckland December property sales at highest in five years
Wednesday, 11 January 2012, 11:26 am | BusinessDesk
Jan. 11 (BusinessDesk) – The Auckland housing market finished 2011 on a strong note with the highest volume of December sales in five years, while the average selling price rose 1 percent from November. More >>
