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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 1441]
While you were sleeping: US economy saves the day
Friday, 30 December 2011, 7:40 am | BusinessDesk
Dec. 30 (BusinessDesk) - Better-than-expected numbers on the US housing and labour markets, as well as business activity in the world's largest economy bolstered equities in Europe and on Wall Street, outweighing a challenging debt auction for Italy. More >>
Tenon shares trade 6.2% above buyback price as offer closes
Thursday, 29 December 2011, 6:23 pm | BusinessDesk
Dec. 29 (BusinessDesk) – Tenon, the wood mouldings company, completed the buyback of 1.7 percent of its stock and has been rewarded with a share price now 6.2 percent higher than what it paid. More >>
NZ dollar holds ground; all eyes on Italian bonds overnight
Thursday, 29 December 2011, 5:57 pm | BusinessDesk
Dec. 29 (BusinessDesk) – The New Zealand dollar traded steadily after an overnight selloff triggered by concerns over the European Central Bank’s ballooning balance sheet. More >>
MARKET CLOSE: NZ share rise, bucking U.S. overnight slide
Thursday, 29 December 2011, 5:55 pm | BusinessDesk
Dec. 29 (BusinessDesk) – Tiny volumes of shares traded on the NZX today, with shares drifting in the holiday atmosphere and a 0.3 percent rise in the NZX 50 Index to 3246.254. More >>
BayWa extends takeover offer for Turners & Growers by 30 day
Thursday, 29 December 2011, 2:57 pm | BusinessDesk
Dec. 29 (BusinessDesk) Germany’s BayWa Aktiengesellschaft extended its takeover offer for Turners and Growers until Feb. 8 after a sluggish response from minority shareholders and to give New Zealand’s Overseas Investment Office time to clear ... More >>
Midday update: Kiwi dollar drops a US cent on Euro fears
Thursday, 29 December 2011, 11:48 am | BusinessDesk
Dec. 29 (BusinessDesk) – Weakening global investor appetite for higher risk assets saw the New Zealand dollar lose almost one U.S. cent in value between the early hours of this morning local time and midday. The kiwi peaked briefly against the greenback ... More >>
UPDATED: Dominion Finance receivership nears end
Thursday, 29 December 2011, 11:40 am | BusinessDesk
Dec. 29 (BusinessDesk) – Dominion Finance Group, the failed finance company whose principals are facing theft charges, is nearing the end of its receivership with all but the lowest-quality properties yet to be realised. More >>
From the Farm: Woolley thinking
Thursday, 29 December 2011, 11:34 am | BusinessDesk
Coarse wool is the poor relation of sheep meat. Once a premier product to a world short of blankets, itchy jumpers and carpet, it has sunk as low as to be a marginal cost for some growers. More >>
Dominion Finance receivership nears end
Thursday, 29 December 2011, 10:27 am | BusinessDesk
Dec. 29 (BusinessDesk) – Dominion Finance Group, the failed finance company whose principals are facing theft charges, is nearing the end of its receivership with all but the lowest-quality properties yet to be realised. More >>
Ad agencies' holiday scramble for juicy privatisation gig
Thursday, 29 December 2011, 10:08 am | BusinessDesk
Dec. 22 (BusinessDesk) – Advertising agencies are working through the Christmas holiday period to meet a Treasury request for proposals to provide the advertising and communications campaigns that will accompany the government’s partial privatisation ... More >>
NZ dollar falls as ECB balance sheet fears sap risk appetite
Thursday, 29 December 2011, 8:54 am | BusinessDesk
Dec. 29 (BusinessDesk) – The New Zealand dollar fell against the greenback and the yen after the European Central Bank’s balance sheet grew to a record, underlining the scale of its efforts to support credit in the region and sapping investor appetite ... More >>
While you were sleeping: Euro worry remains
Thursday, 29 December 2011, 7:39 am | BusinessDesk
Dec. 29 (BusinessDesk) - Italy's success at a debt auction today failed to stem concern about the hurdles ahead for the fiscally challenged country that needs to raise about 450 billion euros next year, highlighting the substantial challenges facing the euro ... More >>
UPDATED: MARKET CLOSE: NZ shares rise, led by Ebos
Wednesday, 28 December 2011, 5:57 pm | BusinessDesk
Dec. 28 (BusinessDesk) – New Zealand shares rose, with Ebos Group providing the most interest in a very quiet day of trading between the traditionally somnolent Christmas and New Year holiday weekends in New Zealand. More >>
MARKET CLOSE: NZ shares gain, Ebos bounces
Wednesday, 28 December 2011, 5:53 pm | BusinessDesk
Dec. 28 (BusinessDesk) – New Zealand shares rose, with Ebos Group providing the most interest in a very quiet day of trading between the traditionally somnolent Christmas and New Year holiday weekends in New Zealand. More >>
NZ dollar gains in subdued trading as global growth weighed
Wednesday, 28 December 2011, 5:41 pm | BusinessDesk
Dec. 28 (BusinessDesk) - The New Zealand dollar made back some of its overnight decline against most currencies as traders weigh the risks to global growth from potential recession in Europe against better economic figures in the US. More >>
Midday update: Hackers steal details from US spy firm
Wednesday, 28 December 2011, 12:13 pm | BusinessDesk
Private global intelligence agency Stratfor is red-faced after hackers got behind its firewall and gained access to the credit card details and names of thousands of paying subscribers. Stratfor charges for analysis by its group of US-centric global ... More >>
h3>Midday update: Hackers steal details from U.S. spy firm
Wednesday, 28 December 2011, 11:56 am | BusinessDesk
Private global intelligence agency Stratfor is red-faced after hackers got behind its firewall and gained access to the credit card details and names of thousands of paying subscribers. Stratfor charges for analysis by its group of US-centric global ... More >>
Christchurch gets back to shopping as normal
Wednesday, 28 December 2011, 11:49 am | BusinessDesk
Dec. 28 (BusinessDesk) - Christchurch’s main shopping centres have all re-opened their doors after some took minor damage in Friday’s earthquakes. More >>
NZ dollar falls as quake costs weighed, US confidence rises
Wednesday, 28 December 2011, 9:00 am | BusinessDesk
Dec. 28 (BusinessDesk) – The New Zealand dollar fell against most major currencies, in subdued holiday season trading, as traders weighed the potential costs to the economy of further quakes in Christchurch and figures showed consumer confidence ... More >>
While you were sleeping: US confidence climbs
Wednesday, 28 December 2011, 7:34 am | BusinessDesk
Dec. 28 (BusinessDesk) - A better-than-expected gain in US consumer confidence, climbing to the highest level in eight months in December, bolstered optimism about the American economic recovery. However, a drop in home prices tempered the mood. More >>
