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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 1437]
NZ government’s investment units shed $2.1 bln in 3Q
Wednesday, 11 January 2012, 11:13 am | BusinessDesk
NZ government’s investment units shed $2.1 bln in 3Q during global slump in stock markets More >>
Costamare claims Rena commitment as volunteers count cost
Wednesday, 11 January 2012, 10:57 am | BusinessDesk
Jan. 11 (BusinessDesk) - Costamare, owner of the Rena, has pledged continued financial support for the salvage operations and is in talks with lawyers for volunteer groups to help cover some of their costs. More >>
NZ Super Fund drops Infratil for Chorus in top 10 local list
Wednesday, 11 January 2012, 9:45 am | BusinessDesk
NZ Super Fund drops Infratil for Chorus in top 10 local listings, sheds value in November More >>
KKR’s approach to Pacific Brands seen as opportunistic
Wednesday, 11 January 2012, 9:32 am | BusinessDesk
Jan. 11 (BusinessDesk) - KKR’s approach to struggling Australian clothing company Pacific Brands is seen as opportunistic, given the target’s weak earnings outlook, and some market watchers are predicting the US private equity firm will have to sharpen ... More >>
NZ dollar holds at record vs. euro, gains vs. greenback
Wednesday, 11 January 2012, 9:20 am | BusinessDesk
NZ dollar holds at record vs. euro, gains vs. greenback as pressure on Greece grows More >>
While you were sleeping: China, Alcoa fuel hope
Wednesday, 11 January 2012, 7:30 am | BusinessDesk
Jan. 11 (BusinessDesk) - Equities in Europe and on Wall Street advanced, and so did commodities, as data showing China's import growth last month eased to the lowest level in two years fuelled expectations of monetary easing in the world's second-largest ... More >>
MARKET CLOSE: NZ shares fall; Fletcher drops
Tuesday, 10 January 2012, 6:01 pm | BusinessDesk
MARKET CLOSE: NZ shares fall; Fletcher drops to 2 1/2-year low on earnings concern More >>
NZ dollar climbs above 62 euro cents on Chinese trade data
Tuesday, 10 January 2012, 5:26 pm | BusinessDesk
Jan. 10 (BusinessDesk) – The New Zealand dollar climbed above 62 euro cents as a bigger-than-expected Chinese trade surplus stoked investors’ appetite for riskier, or higher-yielding, assets. More >>
Investors bid for $1.48B of bills in first NZ sale for 2012
Tuesday, 10 January 2012, 5:12 pm | BusinessDesk
Jan. 10 (BusinessDesk) – The New Zealand Debt Management Office’s first bill auction for the year attracted bids worth almost three times the value of $500 million of new short-term debt sold today. More >>
Ports of Auckland seeks at least three stevedore contractors
Tuesday, 10 January 2012, 2:31 pm | BusinessDesk
Jan. 10 (BusinessDesk) – Ports of Auckland plans to approach at least three outside stevedore contractors this week in a bid to break an 11-month impasse with its own workers, whose strikes have been blamed for the loss of major customers. More >>
NZ property values extend gains in December, outlook mixed
Tuesday, 10 January 2012, 12:58 pm | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealand property values extended gains in December, though government valuer Quotable Value says the outlook is a mixed bag for 2012. More >>
IRG looking to bring more firms to NZAX after Mykris debut
Tuesday, 10 January 2012, 12:30 pm | BusinessDesk
Jan. 10 (BusinessDesk) – Investment Research Group managing director Brent King says the financial services firm plans to bring more companies to the NZAX, following today’s debut of Malaysian internet service provider Mykris. More >>
MIDDAY UPDATE: NZ dollar rises to record against euro
Tuesday, 10 January 2012, 12:14 pm | BusinessDesk
Jan. 10 (BusinessDesk) - The New Zealand dollar rose to a record against the euro this morning after German Chancellor Angela Merkel and French President Nicolas Sarkozy met to agree terms for closer fiscal union between the common currency’s member ... More >>
UPDATED: NZ building consents drop in November
Tuesday, 10 January 2012, 12:02 pm | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealand building consents issued dwindled in November, led by a decline in approvals in the South Island. More >>
NZ building consents fall in November, led by South Island
Tuesday, 10 January 2012, 11:28 am | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealand building consents issued dwindled in November as the number of approvals in the South Island almost halved from a year earlier. More >>
PacBrands in talks with KKR after report of A$600M offer
Tuesday, 10 January 2012, 11:27 am | BusinessDesk
Jan. 10 (BusinessDesk) - Pacific Brands, whose clothing labels include Jockey underwear, has confirmed it is in takeover talks with KKR after reports that the buyout firm has made an offer worth about A$600 million. More >>
NZX share trading bounced back in 2011
Tuesday, 10 January 2012, 9:50 am | BusinessDesk
Jan. 10 (BusinessDesk) – The volume of trading in shares on the NZX climbed almost 42 percent last year as investors renewed their interest in equities at the expense of listed debt securities. More >>
UPDATED: NZ dollar rises to record against euro
Tuesday, 10 January 2012, 9:26 am | BusinessDesk
Jan. 10 (BusinessDesk) – The New Zealand dollar rose to a record against the euro after German Chancellor Angela Merkel and French President Nicolas Sarkozy met to agree terms for closer fiscal union between the common currency’s member states. More >>
NZ dollar reaches record vs euro as Merkel, Sarkozy meet
Tuesday, 10 January 2012, 9:21 am | BusinessDesk
Jan. 10 (BusinessDesk) – The New Zealand dollar rose to a record against the euro after German Chancellor Angela Merkel and French President Nicolas Sarkozy met to agree terms for closer fiscal union between the common currency’s member states. More >>
While you were sleeping: Paying for safe assets
Tuesday, 10 January 2012, 7:39 am | BusinessDesk
Jan. 10 (BusinessDesk) - As Germany and France reminded Greece that it needs to strike a deal soon with private sector bondholders, investors are becoming so averse to risk that they are willing to buy securities at a loss. More >>
