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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 1438]
MARKET CLOSE: NZ shares fall in subdued trading
Monday, 9 January 2012, 5:54 pm | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand shares fell in subdued trading, with Port of Tauranga slipping further from a record high after warning ships to watch out for debris from the container vessel Rena, which has broken in two. Food manufacturer ... More >>
NZ dollar may test record-high vs euro as ECB meeting looms
Monday, 9 January 2012, 5:26 pm | BusinessDesk
Jan. 9 (BusinessDesk) – The New Zealand dollar may test its record-high level against the euro in the lead-up to Thursday’s European Central Bank meeting. More >>
Ports of Auckland to contract out labour amid stalled talks
Monday, 9 January 2012, 5:18 pm | BusinessDesk
Jan. 9 (BusinessDesk) - Ports of Auckland is set to proceed with a proposal to contract out its labour force, as continuing negotiations with the Maritime Union of New Zealand (MUNZ) fail to find resolution. More >>
December retail spending rises 3.4%, Paymark says
Monday, 9 January 2012, 4:33 pm | BusinessDesk
Jan. 9 (BusinessDesk) – New Zealanders spent about $4.6 billion on their debit and credit cards in December, up about 3.4 percent from the same month of 2010, which bodes well for 2012, says Paymark. More >>
HEB wins $27.8M contract to build Selwyn sewage plant
Monday, 9 January 2012, 3:58 pm | BusinessDesk
Jan. 9 (BusinessDesk) – HEB Construction, the Papakura-based construction company owned by the Pulman family, has won a $27.8 million contract to build a new sewage treatment plant for Selwyn District Council. More >>
Foreign ministry staff must wait till March to learn fate
Monday, 9 January 2012, 3:37 pm | BusinessDesk
Jan. 9 (BusinessDesk) - The Ministry of Foreign Affairs and Trade is in talks with staff and unions over the fate of some 200 positions tipped to be cut as the government cracks down on public spending. More >>
Mining, energy sector underpins 5% growth in NZ pay packets
Monday, 9 January 2012, 2:26 pm | BusinessDesk
Jan. 9 (BusinessDesk) – A jump in salaries offered in the mining, resource and energy sectors underpinned a 5 percent national increase in the average pay packet offered by employers using online job website Seek last year. More >>
Port Nicholson Trust pressured to separate commercial arm
Monday, 9 January 2012, 1:26 pm | BusinessDesk
Jan. 9 (BusinessDesk) - Port Nicholson Settlement Block Trust, which was set up to administer the $25 million settlement with Wellington iwi originally from Taranaki, is under pressure from one of its members to carve out the management of its commercial ... More >>
Port of Tauranga unaffected by shipping hazards from Rena
Monday, 9 January 2012, 1:04 pm | BusinessDesk
Jan. 9 (BusinessDesk) – Port of Tauranga operations haven’t been disrupted yet by the potential shipping hazard of up to 300 containers washed overboard when the Rena split in two, says chief executive Mark Cairns. More >>
NZ Dollar Outlook: Kiwi may rise to record versus euro
Monday, 9 January 2012, 12:20 pm | BusinessDesk
Jan. 9 (BusinessDesk) – The New Zealand dollar may set a record high against the euro this week as further bad news ignites warnings the region’s leaders are far from finding a solution to the debt crisis and US data shows the market strengthening. More >>
MIDDAY UPDATE: NZ trade deficit widens in November
Monday, 9 January 2012, 12:07 pm | BusinessDesk
Jan. 9 (BusinessDesk) - New Zealand’s trade deficit widened in November as imports such as crude oil and fertiliser outstripped the country’s pace of export growth. More >>
NZ trade gap widens in November on oil, fertiliser imports
Monday, 9 January 2012, 10:51 am | BusinessDesk
Jan. 9 (BusinessDesk) – New Zealand’s trade deficit widened in November as imports such as crude oil and fertiliser outstripped the country’s pace of export growth. More >>
Up to 300 containers from Rena pose potential ship hazard
Monday, 9 January 2012, 9:52 am | BusinessDesk
Jan. 9 (BusinessDesk) – Ships arriving and departing from Port of Tauranga have been warned to be extra vigilant as an estimated 200-to-300 containers remain unaccounted for at sea following the break-up of the Rena. More >>
Chatham Rock Phosphate extends share purchase plan
Monday, 9 January 2012, 9:20 am | BusinessDesk
Jan. 9 (BusinessDesk) – Chatham Rock Phosphate, which delayed plans for a $40 million overseas share sale because of turbulent financial markets, has extended the closing date to tap shareholders for funds. More >>
NZ dollar gains to near record high against euro
Monday, 9 January 2012, 9:10 am | BusinessDesk
Jan. 9 (BusinessDesk) – The New Zealand dollar rose against the euro to near the highest level since notes of the common currency were first issued in 2002, with signs the region’s leaders are far from finding a solution to the ballooning debt-crisis. More >>
MARKET CLOSE: NZ shares fall as European fears linger
Friday, 6 January 2012, 5:46 pm | BusinessDesk
Jan. 6 (BusinessDesk) – New Zealand shares fell, in subdued holiday season trading, as fears Europe is struggling to contain its debt crisis weighed on equity markets. Fletcher Building, Contact Energy and Telecom dropped. More >>
NZ dollar may rise from five-month high vs euro
Friday, 6 January 2012, 5:10 pm | BusinessDesk
NZ dollar may rise from five-month high vs euro as European debt saps sentiment More >>
Suncorp says Dec. 23 Christchurch quake may cost $26M
Friday, 6 January 2012, 5:02 pm | BusinessDesk
Jan. 6 (BusinessDesk) – Suncorp Group, the Australian owner the Asteron and Vero insurance brands, said the Dec. 23 earthquake in Christchurch may cost $13 million to $26 million, helping swell the impact of natural disasters in the second half ... More >>
India Equities shareholders sign-off on Brierley takeover
Friday, 6 January 2012, 3:45 pm | BusinessDesk
Jan.6 (BusinessDesk) – Shareholders in ASX-listed India Equities Fund have given the thumbs up to a deal that will give former Guinness Peat Group chairman Ron Brierley control of the company. More >>
MONEY TALKS: Will 2012 yield a quick buck or a slow grind?
Friday, 6 January 2012, 3:15 pm | BusinessDesk
The question you have to answer is whether it’s a good year to take a punt on something that will give you fatter returns, or whether things are still nervy enough to make you park your funds somewhere safe with a smaller, but steady cash flow. More >>
