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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 1495]
Weak growth should keep rate hikes off the table until 2012
Thursday, 22 September 2011, 12:31 pm | BusinessDesk
by Paul McBeth Sept. 22 (BusinessDesk) – A slower than expected pace of economic growth in the second quarter will probably stay Reserve Bank Governor Alan Bollard’s hand on interest rates until next year. More >>
Midday update: Surprise at weak growth figures
Thursday, 22 September 2011, 11:50 am | BusinessDesk
Sept. 22 (BusinessDesk) – Economic growth was much weaker than expected in the three months to June 30, Statistics New Zealand figures released this morning show, with the whole economy only just clawing back to levels seen at the height of the ... More >>
Fonterra breaks records for sales, profit and payout
Thursday, 22 September 2011, 11:42 am | BusinessDesk
Sept. 22 (BusinessDesk) – Fonterra Cooperative Group, the world’s largest exporter of dairy products, posted record sales, profit and farmer payout as rising milk production coincided with strong global demand. More >>
NZ economic growth unexpectedly slows to 0.1% in 2Q
Thursday, 22 September 2011, 10:54 am | BusinessDesk
Sept. 22 (BusinessDesk) – New Zealand’s economic growth slowed more than expected in the second quarter, as a contraction in the construction and mining sectors hindered the country’s recovery. More >>
Stocks to watch: AIR, CLA, KMD, NZF, OGC, TEL
Thursday, 22 September 2011, 9:44 am | BusinessDesk
Sept. 22 (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 >>
From the Farm: $30 million odium payment?
Thursday, 22 September 2011, 9:12 am | BusinessDesk
Sept. 22 (BusinessDesk) - What’s the hold-up in processing Shanghai Pengxin Group’s application to the Overseas Investment Office to buy the 16 farms once owned by the Crafar family, which was lodged five months ago and reportedly has a value north ... More >>
NZ dollar falls to 80 U.S. cents as Fed delivers the 'twist'
Thursday, 22 September 2011, 8:30 am | BusinessDesk
NZ dollar falls to 80 U.S. cents as Fed delivers the 'twist', local GDP looms More >>
MARKET CLOSE: NZ stocks rise on Fed stimulus hopes
Wednesday, 21 September 2011, 6:02 pm | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand stocks rose as investors' appetite for higher yielding, riskier assets lifted on hopes the U.S. Federal Reserve will unveil further monetary stimulus tomorrow. OceanaGold Corp. led gainers, and New Zealand Oil & ... More >>
MARKET CLOSE: NZ stocks rise on Fed stimulus hopes
Wednesday, 21 September 2011, 5:57 pm | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand stocks rose as investors' appetite for higher yielding, riskier assets lifted on hopes the U.S. Federal Reserve will unveil further monetary stimulus tomorrow. OceanaGold Corp. led gainers, and New Zealand Oil & ... More >>
NZ dollar holds above 82 cents on FOMC meeting, local GDP
Wednesday, 21 September 2011, 5:20 pm | BusinessDesk
Sept. 21 (BusinessDesk) – The New Zealand dollar was little changed in local trading as investors shook off their fears over Europe’s ongoing debt crisis and focused on Federal Reserve plans to revive a flagging U.S. economy. More >>
UPDATED: Visitor numbers rise in August as fans flock to RWC
Wednesday, 21 September 2011, 1:18 pm | BusinessDesk
Sept. 21 (BusinessDesk) - An early deluge of rugby fans saw short-term arrival numbers rise in August as visitors flocked to New Zealand ahead of the World Cup. More >>
NZF Money's loan book to take a ‘material’ charge: receivers
Wednesday, 21 September 2011, 1:09 pm | BusinessDesk
Sept. 21 (BusinessDesk) – Debenture holders in failed lender NZF Money Ltd. face a likely shortfall as the receivers expect to write down the value of loans on its books. More >>
Claridge Capital directors to face down activist shareholder
Wednesday, 21 September 2011, 12:53 pm | BusinessDesk
by Paul McBeth Sept. 21 (BusinessDesk) – An annual meeting showdown looms between two directors of Claridge Capital Ltd. and an activist shareholder. More >>
Telecom sweetens terms for bond holders to approve split
Wednesday, 21 September 2011, 12:51 pm | BusinessDesk
Sept. 21 (BusinessDesk) – Telecom Corp., the phone company set to carve itself in two to tap government funding and shed regulatory burdens, has sweetened its offer to bond holders owed $541 million in a bid to get the deal over the line. More >>
Midday update: June current account deficit at 3.7% of GDP
Wednesday, 21 September 2011, 12:38 pm | BusinessDesk
Sept. 21 (BusinessDesk) – New Zealand’s current account deficit widened slightly to 3.7% of Gross Domestic Product for the year to June, although remains small by recent standards because of capital inflows caused by insurance payments relating ... More >>
NZ visitor numbers rise in August as fans flock to World Cup
Wednesday, 21 September 2011, 11:46 am | BusinessDesk
Sept. 21 (BusinessDesk) - An early deluge of rugby fans saw short-term arrival numbers rise in August as visitors flocked to New Zealand ahead of the World Cup. More >>
More insulation, 100% renewable energy: Greens' growth plan
Wednesday, 21 September 2011, 11:20 am | BusinessDesk
Sept. 21 (BusinessDesk) – The Green Party has launched key planks in its economic policy, saying it would remove subsidies to carbon-emitting industries under the Emissions Trading Scheme and replace them with subsidies for green technology development. More >>
NZ current account gap widens in 2Q as foreigners earn more
Wednesday, 21 September 2011, 10:47 am | BusinessDesk
Sept. 21 (BusinessDesk) – New Zealand’s current account deficit widened in the second quarter, as foreigners earned more from their local investments, including insurance companies that incurred earthquake-related losses in the first three months ... More >>
Kathmandu quadruples annual profit
Wednesday, 21 September 2011, 10:27 am | BusinessDesk
Sept. 21 (BusinessDesk) – Kathmandu Holdings, the outdoor clothing retailer, quadrupled annual profit as sales shot up through the year and it faced none of the previous year’s cost of floating on the stock exchange. More >>
Chinese trans-Tasman cable likely to be in place in 2013
Wednesday, 21 September 2011, 9:44 am | BusinessDesk
Sept. 21 (BusinessDesk) – A new trans-Tasman telecommunications cable is expected to be in place in less than two years, though its capacity will probably be smaller than the existing Southern Cross Cable and the prospective Pacific Fibre cable. More >>
