Scoop has an Ethical Paywall
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 1490]
MARKET CLOSE: NZ stocks sidestep downgrades, Asian selloff
Friday, 30 September 2011, 5:59 pm | BusinessDesk
MARKET CLOSE: NZ stocks sidestep downgrades and Asian selloff, Port of Tauranga on the move More >>
Tauranga port expects 180 additional ship visits annually
Friday, 30 September 2011, 4:13 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Port of Tauranga expects a net 180 additional ship visits annually as a result of new services, said chief executive Mark Cairns in the annual report. More >>
Rating agencies still thinks we’ll be spendthrifts: English
Friday, 30 September 2011, 4:12 pm | BusinessDesk
Sept. 30 (BusinessDesk) – Today’s two credit rating downgrades are a sign from the world financial markets they don’t believe New Zealand will change its borrow and spend habits, says Finance English Minister Bill English. More >>
S&P follows Fitch with cut to NZ credit rating
Friday, 30 September 2011, 2:25 pm | BusinessDesk
NZ credit rating cut to AA by S&P on high foreign debt, quake spending More >>
All eyes on S&P after Fitch cuts NZ credit rating to AA
Friday, 30 September 2011, 12:20 pm | BusinessDesk
Sept. 30 (BusinessDesk) – Fitch Ratings’ decision to cut New Zealand's credit rating is stoking speculation of a similar move by Standard & Poor’s, which has the sovereign rating on negative outlook on the risks associated with the size ... More >>
MSC doubles Port of Tauranga shipping schedule
Friday, 30 September 2011, 12:17 pm | BusinessDesk
Sept. 30 (BusinessDesk) - Port of Tauranga, New Zealand's biggest export hub, says the world's second-biggest shipping line will double the frequency of its Oceana Express Service, taking it to weekly basis following positive feedback from customers. More >>
All eyes on S&P after Fitch cuts NZ credit rating to AA
Friday, 30 September 2011, 11:59 am | BusinessDesk
Sept. 30 (BusinessDesk) – Fitch Ratings’ decision to cut New Zealand's credit rating is stoking speculation of a similar move by Standard & Poor’s, which has the sovereign rating on negative outlook on the risks associated with the size ... More >>
New Zealand building consents extend gains in August
Friday, 30 September 2011, 11:58 am | BusinessDesk
Sept. 30 (BusinessDesk) - New Zealand building consents rose for a fourth month, boosted by a boom in applications for temporary structures to house Christchurch residents made homeless by the February earthquake. More >>
Midday update: S&P tipped to follow Fitch and downgrade NZ
Friday, 30 September 2011, 11:51 am | BusinessDesk
Sept. 30 (BusinessDesk) – The Fitch Ratings decision to downgrade New Zealand’s sovereign credit rating from AA+ to AA raises the likelihood that its larger fellow credit rating agency, Standard & Poor’s, will follow suit, says a prominent ... More >>
Bathurst despatches first load of Buller coal
Friday, 30 September 2011, 11:07 am | BusinessDesk
Sept. 30 (BusinessDesk) – Bathurst Resources Ltd. has despatched its first export coal from the Cascade mine on the West Coast’s Denniston Plateau, with the first shipment through Westport due in November. More >>
UPDATED: DPF doubles portfolio on PFI contract, mum on price
Friday, 30 September 2011, 11:06 am | BusinessDesk
Sept. 30 (BusinessDesk) – DPF Management Ltd., a closely held, Auckland-based property group, has agreed to acquire the management contract for NZX-listed Property For Industry from AMP Capital Investors, almost doubling the size of the portfolio it ... More >>
AMP Capital sells Property For Industry contract to DPF
Friday, 30 September 2011, 10:20 am | BusinessDesk
Sept. 30 (BusinessDesk) – AMP Capital Investors agreed to sell the management contract for Property For Industry to Auckland-based DPF Management Ltd. More >>
Goodman Fielder completes A$190 mln discounted placement
Friday, 30 September 2011, 10:19 am | BusinessDesk
Sept. 30 (BusinessDesk) - Trans Tasman food giant Goodman Fielder Ltd. has completed its A$190 million (NZ$241 million) institutional fund raising, with its shares dropping 14.5% to 65 cents on the lifting of an NZX trading halt this morning. More >>
Stocks to watch: ABA, AIA, GFF, MAD, NPT, TEL, WHS
Friday, 30 September 2011, 9:48 am | BusinessDesk
Sept. 30 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
High private foreign debt costs NZ credit rating one notch
Friday, 30 September 2011, 9:10 am | BusinessDesk
Sept. 30 (BusinessDesk) - New Zealand's credit rating has been cut one notch by Fitch Ratings, citing the country's high levels of external debt as a "key vulnerability". More >>
Vic Uni solar house wins honours in global contest
Friday, 30 September 2011, 9:01 am | BusinessDesk
Sept. 30 (BusinessDesk) – Kiwi engineering smarts has been recognised with a win for Victoria University’s entry in the U.S. Department of Energy’s annual Solar Decathlon in Washington D.C. More >>
NZ dollar falls to six-month low on Fitch rating cut
Friday, 30 September 2011, 8:28 am | BusinessDesk
Sept. 30 (BusinessDesk) - The New Zealand dollar fell to near a six-month low against the greenback after Fitch Ratings cut New Zealand's credit rating by one notch, citing high levels of external debt as a "key vulnerability" to the economy. More >>
While you were sleeping: Germany backs bailout
Friday, 30 September 2011, 7:51 am | BusinessDesk
Sept. 30 (BusinessDesk) - Germany's lower house of parliament overwhelmingly approved an expansion to Europe's bailout fund, allowing progress on efforts to help Greece avoid default. More >>
Aussie pay gap reflects low-skill kiwi managers, workforce
Friday, 30 September 2011, 1:09 am | BusinessDesk
Sept. 30 (BusinessDesk) – The growing income gap between Australians and New Zealanders has more to do with poorly skilled managers and workers than anything to do with Australia’s “lucky country” status and reliance on heavy industry, says a new ... More >>
MARKET CLOSE: NZ stocks mixed; Sky TV gains, Cavalier falls
Thursday, 29 September 2011, 6:12 pm | BusinessDesk
Sept. 29 (BusinessDesk) - New Zealand stocks closed mixed amid ongoing concerns that the European sovereign debt crisis will drag the global economy in recession. Sky Network Television Ltd. rose and Cavalier Corp. fell. More >>
