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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 1486]
World Week Ahead: Balancing the books
Monday, 10 October 2011, 8:58 am | BusinessDesk
(BusinessDesk) October 10 - As European leaders struggle to get ahead of the curve, continually being pushed to do so rather than seeming to take the initiative, Corporate America is set this week to begin reporting on how it fared in the three months ended ... More >>
New Zealand dollar starts week lower amid Euro downgrades
Monday, 10 October 2011, 8:37 am | BusinessDesk
Oct. 10 (BusinessDesk) – The New Zealand dollar started the week below 77 U.S. cents after a strong jobs report in the United States was eclipsed by more sovereign credit downgrades in Europe. More >>
Industry experts back salvage plan for reef-bound ship
Sunday, 9 October 2011, 3:44 pm | BusinessDesk
Oct. 9 (BusinessDesk) – Fears the emergency response is too slow to the grounding of the Liberian-registered container ship Rena are misguided, say industry experts directly involved in planning for maritime disasters. More >>
MARKET CLOSE: NZX rallies with global response to EU moves
Friday, 7 October 2011, 5:59 pm | BusinessDesk
Oct. 7 (BusinessDesk) – New Zealand shares ended the week on a high, joining a global rally on signs Europe is beginning to take steps to address its debt crisis. Australia’s S&P/ASX 200 Index rallied more strongly and Australian companies ... More >>
Metlifecare asks Goldman Sachs to review ownership
Friday, 7 October 2011, 5:42 pm | BusinessDesk
Oct. 7 (BusinessDesk) –Retirement village operator Metlifecare Ltd. has hired investment bank Goldman Sachs & Partners NZ to undertake a strategic review of its capital structure and ownership. More >>
NZ dollar holds above 77 US cts ahead of US employment data
Friday, 7 October 2011, 5:33 pm | BusinessDesk
Oct. 7 (BusinessDesk) – The New Zealand dollar held above 77 U.S. cents ahead of U.S. employment data that will probably set the tone among investors who are still struggling to cast off their pessimism over the state of Europe’s sovereign indebtedness. More >>
Auckland Airport sets 6-year bond rate at 5.47%
Friday, 7 October 2011, 3:50 pm | BusinessDesk
Auckland Airport sets 6-yr bond rate at 5.47%, cheers record-low swap rates More >>
MONEY TALKS: Time has told, Hanover’s Allied deal was a dog
Friday, 7 October 2011, 3:44 pm | BusinessDesk
Oct. 7 (BusinessDesk) – Everybody involved in the Hanover Finance and Allied Farmers deal can hang their head in shame. More >>
Reef-bound container ship becoming ‘full scale disaster'
Friday, 7 October 2011, 12:55 pm | BusinessDesk
Oct. 7 (BusinessDesk) – Maritime authorities are moving too slowly to contain the oil spill from the container ship grounded off the Port of Tauranga, says one of New Zealand’s leading ocean ecology groups, the Environmental Defence Society. More >>
Midday update: Bank of England money-printing buoys kiwi $
Friday, 7 October 2011, 12:24 pm | BusinessDesk
Oct. 7 (BusinessDesk) – A return to quantitative easing by the Bank of England and European Central Bank moves to help euro-zone liquidity buoyed the New Zealand dollar this morning. The kiwi headed back over 77 U.S. cents in early morning trading, ... More >>
English gets heads-up on NZ Super Fund’s big bonus year
Friday, 7 October 2011, 12:22 pm | BusinessDesk
Oct. 7 (BusinessDesk) – Finance Minister Bill English was given advance warning there may be some curly questions over the level of staff bonuses at the Guardians of New Zealand Superannuation after its best investment year ever. More >>
Technocrats make CEO too often, new research suggests
Friday, 7 October 2011, 12:12 pm | BusinessDesk
Oct. 6 (BusinessDesk) – Too many quick decision-making finance and technical experts are becoming chief executives when the best leaders excel at team-building skills and empowering decision-making by others, a new survey shows. More >>
Summerset bookbuild comes in at $1.40, lower end of range
Friday, 7 October 2011, 11:22 am | BusinessDesk
Summerset bookbuild comes in at lower end of expected range, price set at $1.40 More >>
Energy World to delist from NZX on lack of interest, costs
Friday, 7 October 2011, 9:21 am | BusinessDesk
Oct. 7 (BusinessDesk) - Energy World Corp., whose New Zealand shares last traded on April 13, will delist from the NZX as of Oct. 12 because of the lack of local interest and costs. More >>
NZ dollar rises above 77 US cents as ECB, BoE act
Friday, 7 October 2011, 9:03 am | BusinessDesk
NZ dollar rises above 77 US cents as ECB provides more support to euro zone More >>
Cavalier, subsidiary cut 42 jobs on rising wool prices
Friday, 7 October 2011, 9:00 am | BusinessDesk
Oct. 7 (BusinessDesk) – Carpet maker Cavalier Corp. and one of its subsidiaries are laying off 42 staff in their yarn operations as rising wool prices put the squeeze on manufacturers, according to FIRST Union. More >>
NZX Clear Grain Exchange stoush gets personal
Thursday, 6 October 2011, 7:06 pm | BusinessDesk
Oct. 6 (BusinessDesk) – A former employee of the NZX-owned Australian Clear Grain Exchange is accusing NZX chief executive Mark Weldon of verbal and physical aggression in papers lodged with the Supreme Court of Victoria in a wrongful dismissal suit, ... More >>
Govt over-rides Chch airport to free up Kaiapoi sections
Thursday, 6 October 2011, 5:52 pm | BusinessDesk
Oct. 6 (BusinessDesk) – Long-standing objections from Christchurch International Airport have been over-ridden to allow development of approximately 1,000 new sections for Kaiapoi red-zone residents who must move but want to stay in the area. More >>
MARKET CLOSE: NZ shares rise; Westpac, OceanaGold, ANZ gain
Thursday, 6 October 2011, 5:43 pm | BusinessDesk
Oct. 6 (BusinessDesk) - New Zealand shares rose, with gold miner OceanaGold Corp. and the two Australian banks, Australia & New Zealand Banking Group and Westpac Banking Corp., and AMP Ltd. leading the gains as equities reflected more optimism ... More >>
Farming Systems cans rights issue, seeks new Olam loan
Thursday, 6 October 2011, 5:18 pm | BusinessDesk
NZ Farming Systems cans rights issue due to lack of shareholder support, seeks new Olam loan More >>
