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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 1449]
While you were sleeping: Moody's, Intel warnings
Tuesday, 13 December 2011, 7:31 am | BusinessDesk
Dec. 13 (BusinessDesk) - The weekend failed to make the agreement reached at the European Union summit last Friday more palatable. On the contrary, investors were reminded by credit rating agencies that the euro zone's credit troubles are far from ... More >>
NZ Shareholders Assn in Hotchin, Watson defamation suit
Monday, 12 December 2011, 10:44 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The New Zealand Shareholders Association says it has been named as second defendant in a defamation suit brought by former Hanover Finance supremos Mark Hotchin and Eric Watson. More >>
MARKET CLOSE: NZ shares gain as EU progress lifts sentiment
Monday, 12 December 2011, 5:34 pm | BusinessDesk
Dec. 12 (BusinessDesk) – New Zealand shares rose, joining a global rally on optimism the European Union will make progress in addressing the region’s debt crisis after its weekend summit. Pumpkin Patch led gainers and Sanford fell after shedding its ... More >>
NZ dollar poised to gain as markets digest EU deal
Monday, 12 December 2011, 5:14 pm | BusinessDesk
Dec. 12 (BusinessDesk) – The New Zealand dollar is poised to get a short-term boost from the weekend deal in Europe, where the region’s leaders put a plan in place to deal with ballooning debt, giving the markets time for a breather as they digest ... More >>
NZ must choose between Europe and ‘the rest’ on climate plan
Monday, 12 December 2011, 4:47 pm | BusinessDesk
Dec. 12 (BusinessDesk) – New Zealand faces a big decision on whether to support Europe or the developing countries, along with the US, Canada, Japan and Russia on how to forge new global rules to combat climate change. More >>
SMELLIE ON SMEs: Step away from the mistletoe!
Monday, 12 December 2011, 4:08 pm | BusinessDesk
Dec. 12 (BusinessDesk) – It’s that time of year. Christmas drinks, Christmas lunches, Christmas cards, Christmas stress. More >>
Air NZ joins global slide in airlines, touches 2 ½-year low
Monday, 12 December 2011, 3:58 pm | BusinessDesk
Air NZ joins global slide in airline stocks, touches 2 ½-year low as bookings fall More >>
Taxman chalks up a big win against Aussie tax avoiders
Monday, 12 December 2011, 3:34 pm | BusinessDesk
Dec. 12 (BusinessDesk) – The Inland Revenue Department has won another landmark tax avoidance case, with potential to affect disputed tax revenue of more than $300 million, involving disputes by some 16 Australian companies which lowered their tax ... More >>
NZ Dollar Outlook: Kiwi may fall after EU leaders reach deal
Monday, 12 December 2011, 12:46 pm | BusinessDesk
Dec. 12 (BusinessDesk) – The New Zealand dollar may decline this week as investors absorb the weekend’s European Union agreement to combat the region’s debt crisis. More >>
Investment Research Group posts 1H loss, predicts better 2H
Monday, 12 December 2011, 12:30 pm | BusinessDesk
Dec. 12 (BusinessDesk) – Investment Research Group, the NZAX-listed financial services company that got an infusion of funds from investors in 2011, posted a first-half loss and said it expects a better second half because of projects underway. More >>
Global gloom, slower Christchurch rebuild sap NZ economy
Monday, 12 December 2011, 12:28 pm | BusinessDesk
Dec. 12 (BusinessDesk) – Economists have cut their growth forecasts for the next two years as the global economic outlook and a slower Christchurch rebuild weighs on New Zealand’s recovery. More >>
Midday update: Key picks science over energy in new Cabinet
Monday, 12 December 2011, 12:13 pm | BusinessDesk
Dec. 12 (BusinessDesk) – Prime Minister John Key has pushed the science and innovation portfolio near the top of the government’s priorities by giving the plum portfolio to Steven Joyce, who has risen from 14th to fourth in the Cabinet line-up announced ... More >>
Heatley gets energy, Brownlee gets transport in Key Cabinet
Monday, 12 December 2011, 11:58 am | BusinessDesk
Key’s new Cabinet gives energy to Heatley, transport to Brownlee, welcomes Adams, Guy, Foss More >>
NZ guest nights drop in October, led by Canterbury
Monday, 12 December 2011, 11:19 am | BusinessDesk
Dec. 12 (BusinessDesk) – New Zealand guest nights fell in October as a slump in visitors using paid accommodation in Canterbury offset an influx of overseas visitors in the country for the Rugby World Cup. More >>
QBE aims to saddle former exec with $1.5M Herbert liability
Monday, 12 December 2011, 10:41 am | BusinessDesk
QBE seeks to saddle former manager with $1.5 mln liability in failed Herbert Insurance More >>
NZOG commits to US$7M drill costs for onshore Indonesia well
Monday, 12 December 2011, 10:11 am | BusinessDesk
Dec. 12 (BusinessDesk) – New Zealand Oil & Gas has taken a 90 percent interest in an onshore Indonesian exploration licence, and will commit around US$7 million to a drilling campaign next year. More >>
Auckland City to sell bonds in US$2.5B Euro MTN programme
Monday, 12 December 2011, 10:05 am | BusinessDesk
Auckland City prepares for first offshore debt sales with US$2.5 bln Euro MTN programme More >>
Brierley swoops on ASX-listed managed fund
Monday, 12 December 2011, 9:10 am | BusinessDesk
Dec. 9 (BusinessDesk) – Ron Brierley has yet to formally take control of ASX-listed India Equities Fund, but it has already launched its first takeover bid for a listed managed investment scheme that’s in the process of winding down. More >>
NZ dollar gains as markets wait for S&P response to EU plan
Monday, 12 December 2011, 8:57 am | BusinessDesk
Dec. 12 (BusinessDesk) – The New Zealand dollar gained as markets wait to see how rating agency Standard & Poor’s will respond to the weekend’s European Union agreement to combat the region’s fiscal woes, after it last week threatened to ... More >>
National confirms four seat majority with Maori Party deal
Sunday, 11 December 2011, 6:37 pm | BusinessDesk
(Dec. 11 (BusinessDesk) – New Zealand’s newly elected National Party-led government can rely on governing by a four seat majority on all key issues for the next three years, after Prime Minister John Key signed a confidence and supply agreement with ... More >>
