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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.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 1452]

UPDATED: While you were sleeping: Weight of S&P warnings

Wednesday, 7 December 2011, 9:50 am | BusinessDesk

Dec. 7 (BusinessDesk) - Stocks were mixed as investors weighed a round of warnings by credit rating agency Standard & Poor's in two days that would boost borrowing costs throughout the euro zone. More >>

From the Farm: What's rural in the small party deals?

Wednesday, 7 December 2011, 9:25 am | BusinessDesk

Winston Peters gave oldies the gold card. United Future's Peter Dunne has free health checks for over-65s on his (budget strength permitting) policy programme, agreed with PM John Key in exchange for his vote. More >>

NZ dollar gains after Fonterra dairy prices rise, RBNZ looms

Wednesday, 7 December 2011, 9:15 am | BusinessDesk

Dec. 7 (BusinessDesk) – The New Zealand dollar gained after the largest rise in the dairy prices since July, and ahead of tomorrow’s Reserve Bank review of the official cash rate where rates are expected to stay on hold. More >>

UPDATED: Fonterra dairy prices rise 2.6%

Wednesday, 7 December 2011, 8:17 am | BusinessDesk

Dec. 7 (BusinessDesk) – Average prices of dairy products rose to the highest level since July, with gains in both whole and skim milk powder, the biggest products on offer. More >>

Fonterra dairy prices rise 2.6% to highest since July

Wednesday, 7 December 2011, 8:07 am | BusinessDesk

Dec. 7 (BusinessDesk) – Average prices of dairy products rose to the highest level since July, with gains in both whole and skim milk powder, the biggest products on offer. More >>

While you were sleeping: Weight of S&P warnings

Wednesday, 7 December 2011, 6:59 am | BusinessDesk

MARKET CLOSE: NZ shares fall; Rakon at record low

Tuesday, 6 December 2011, 5:48 pm | BusinessDesk

MARKET CLOSE: NZ shares fall; Rakon at record low, Port of Tauranga at record high More >>

Kiwi falls after RBA rate cut, S&P puts Europe on notice

Tuesday, 6 December 2011, 5:38 pm | BusinessDesk

Dec. 6 (BusinessDesk) – The New Zealand dollar fell after the Reserve Bank of Australia cut interest rates across the Tasman and Standard & Poor’s put 15 Euro-zone nations on notice of a downgrade as Europe’s debt crisis threatens to engulf the ... More >>

Giant sunshades on the horizon to combat climate change

Tuesday, 6 December 2011, 5:27 pm | BusinessDesk

Dec. 6 (BusinessDesk) – Countries suffering catastrophic heatwaves caused by climate change will turn to “unbelievably cheap” airborne sunshades which could further alter the Earth’s climate drastically, says a visiting Harvard University economist, ... More >>

RBA cuts cash rate to 4.25%, citing Euro debt, slowing China

Tuesday, 6 December 2011, 5:15 pm | BusinessDesk

RBA cuts cash rate to 4.25% from 4.5%, cites Euro debt, slowing China More >>

Freightways acquires Filesaver for A$6.25 mln

Tuesday, 6 December 2011, 4:24 pm | BusinessDesk

Dec. 6 (BusinessDesk) – Freightways, the courier and data management company, has extended its foothold into information management, buying a Sydney-based file manager and archive storage company. More >>

NZ spending on credit, debit cards rises 3.2% in November

Tuesday, 6 December 2011, 3:39 pm | BusinessDesk

Dec. 6 (BusinessDesk) – New Zealanders increased spending on their debit and credit cards by 3.2 percent last month, according to Paymark, which processes three quarters of transactions. More >>

Delegat's expects $20m to $24m annual operating profit

Tuesday, 6 December 2011, 3:34 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Winemaker Delegat's Group expects 2012 annual operating profit to be at the upper end of analysts' forecasts. More >>

Hubbard statutory managers seek independent review of costs

Tuesday, 6 December 2011, 2:29 pm | BusinessDesk

Dec. 6 (BusinessDesk) – The statutory managers for the late Allan Hubbard’s frozen investment vehicles want an independent review of their administration fees to allay fears of a cost blow-out. More >>

New Zealand carbon price collapses below $10 a tonne

Tuesday, 6 December 2011, 1:29 pm | BusinessDesk

Dec. 6 (BusinessDesk) – The price of a tonne of emitted carbon has fallen below $10 for the first time today, with Westpac quoting a buy price for a New Zealand Unit falling to $9.90 as European carbon prices collapse. More >>

UPDATE: Ex-National Finance boss Ludlow banned from lending

Tuesday, 6 December 2011, 12:34 pm | BusinessDesk

Dec. 6 (BusinessDesk) – Jailed National Finance boss Trevor Ludlow has become the first person to be banned indefinitely from operating or working in consumer finance after being convicted of misleading borrowers. Judge Lawrence Hinton made the order ... More >>

Midday update: Maersk service abandons Auckland for Tauranga

Tuesday, 6 December 2011, 12:04 pm | BusinessDesk

Dec. 6 (BusinessDesk) - Global shipping line Maersk has dealt the Ports of Auckland a commercial body blow by announcing its Southern Star service will switch to Port of Tauranga, depriving Auckland of 52 container ship visits a year and revenue of ... More >>