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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 1470]
NZ Dollar Outlook: Greece remains market pre-occupation
Monday, 7 November 2011, 11:03 am | BusinessDesk
Nov. 7 (BusinessDesk) – The New Zealand dollar may drift lower this week as investors weigh the strength of the Chinese economy against the ongoing turmoil of the European financial system. More >>
Infratil to raise up to $75 mln in new infrastructure bond
Monday, 7 November 2011, 9:23 am | BusinessDesk
Nov. 7 (BusinessDesk) – Infratil wants to raise as much as $75 million in a new listed infrastructure bond and will give bondholders whose debt matures this month the option of swapping their securities for the new one. More >>
NZ dollar slips after G20 summit, Greek PM rumoured to go
Monday, 7 November 2011, 8:23 am | BusinessDesk
Nov. 7 (BusinessDesk) – The New Zealand dollar started the week a little weaker as investors reflect on the ongoing uncertainty about Greece’s leadership after nothing new came out of the Group of 20 leaders' summit. More >>
World Week Ahead: Eyes on Macy’s, Bank of England
Monday, 7 November 2011, 7:13 am | BusinessDesk
Nov. 7 (BusinessDesk) - Europe seems to be slowly but surely losing the support of its international partners as their patience wears thin with a lack of resolve and direction from the region’s leaders. More >>
MARKET CLOSE: NZ shares gain as Papandreou test looms
Friday, 4 November 2011, 5:59 pm | BusinessDesk
Nov. 4 (BusinessDesk) – New Zealand shares rose, joining a global rally on hopes of a European solution and signs of a stronger US economy. Tower and OceanaGold led the advance. More >>
NZ dollar trims gains ahead of G20, US payrolls
Friday, 4 November 2011, 5:23 pm | BusinessDesk
Nov. 4 (BusinessDesk) – The New Zealand dollar trimmed gains from more stability in global markets after Greece talked down a public referendum on its bail-out package, ahead of this weekend’s Group of 20 nations leaders’ summit in Cannes. More >>
Fonterra freight akin to central planning, say importers
Friday, 4 November 2011, 4:14 pm | BusinessDesk
Nov. 4 (BusinessDesk) – Fonterra's plan to form an alliance of container freight users to counter the power of shipping lines is being condemned as an attempt at central planning bound to fail, and an example of poor business leadership, importers ... More >>
MONEY TALKS: Is a low-ball offer always a dog?
Friday, 4 November 2011, 4:08 pm | BusinessDesk
Nov. 4 (BusinessDesk) – We’ve had a slew of takeover bids for shareholders this year – some good, some bad, and some just plain barmy. More >>
Australian airline unions reject off-shoring to New Zealand
Friday, 4 November 2011, 4:05 pm | BusinessDesk
Nov. 4 (BusinessDesk) – The employment of people working in Australia by companies based in New Zealand on cheaper rates is being highlighted by Australian unions in their dispute with Qantas Airways. More >>
Australia's Peel wins gold exploration permits near Cromwell
Friday, 4 November 2011, 3:49 pm | BusinessDesk
Nov. 4 (BusinessDesk) - Perth-based junior gold explorer Peel Mining said it has been awarded two exploration permits covering the Rise and Shine gold project near Cromwell in Central Otago. More >>
VINZ ducks earnings guidance because of new emission rules
Friday, 4 November 2011, 3:40 pm | BusinessDesk
Nov. 4 (BusinessDesk) – Vehicle Inspection NZ, which has a government contract to certify vehicles including used imports, says changes to rules on auto emissions will slash the volume of older autos bought overseas, making it too hard to forecast ... More >>
Pacific Equity starts JV with Swedish toilet-paper maker SCA
Friday, 4 November 2011, 3:22 pm | BusinessDesk
Nov. 4 (BusinessDesk) – Australian private equity firm Pacific Equity Partners has got into bed with Swedish toilet-paper maker Svenska Cellulosa Aktiebolaget (SCA), setting up a joint venture to operate the manufacturer’s Australasian businesses. More >>
Labour touts capital gains tax, SOE dividends in fiscal plan
Friday, 4 November 2011, 12:40 pm | BusinessDesk
Nov. 4 (BusinessDesk) – The Labour Party would make up the Budget shortfall from not selling down state-owned assets by the introduction of a capital gains tax and from the dividends it could reap by avoiding asset sales, according to its pre-election ... More >>
Midday update: Kiwi dollar edges back towards 80 US cents
Friday, 4 November 2011, 12:19 pm | BusinessDesk
Nov. 4 (BusinessDesk) – Slightly improved sentiment emanating from the Eurozone saw the New Zealand dollar reverse some of its losses of earlier in the week, climbing back over 79 US cents to trade just before midday at 79.30 cents. More >>
PMP expects $19M annual cost savings by cutting NZ plants
Friday, 4 November 2011, 11:45 am | BusinessDesk
PMP expects $19M annual cost savings by shrinking NZ printing plants to 3 from 7 More >>
Kerr’s Torchlight eyes Australian fund amid PGC takeover
Friday, 4 November 2011, 11:18 am | BusinessDesk
Nov. 4 (BusinessDesk) – George Kerr’s Torchlight Fund, a subsidiary of Pyne Gould Corp which specialises in squeezing value from distressed assets, looks likely to win the management contract of an ASX-listed entertainment property fund having secured ... More >>
Metlifecare shares go at 7.1% discount in capital raising
Friday, 4 November 2011, 9:03 am | BusinessDesk
Nov. 4 (BusinessDesk) – Metlifecare, the retirement village operator, sold shares to institutional and experienced investors at a 7.1 percent discount as part of its capital raising, while majority owner Retirement Villages New Zealand sold down its ... More >>
NZ dollar gains as ECB cuts rates, Greece cancels referendum
Friday, 4 November 2011, 8:11 am | BusinessDesk
Nov. 4 (BusinessDesk) – The New Zealand dollar rose more than 1 US cent as the European Central Bank unexpectedly cut rates and Greece backed off a plan to hold a referendum on its bail-out. More >>
MARKET CLOSE: NZ shares mixed; NZX gains, ANZ slips
Thursday, 3 November 2011, 5:49 pm | BusinessDesk
Nov. 3 (BusinessDesk) – New Zealand shares were mixed in light trading as investors weighed the global risks, including the potential derailment of Europe’s plan to staunch its debt crisis. Exchange operator NZX rose and Australia & New Zealand ... More >>
NZ dollar drops on 3Q unemployment rise, Greece debt woes
Thursday, 3 November 2011, 5:34 pm | BusinessDesk
Nov. 3 (BusinessDesk) – The New Zealand dollar extended its losses through local trading after a surprise increase in the unemployment rate dimmed appeal for the currency, and global appetite for higher-yielding, riskier assets declined on fears ... More >>
