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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 1497]
Green groups challenge Bathurst, Petrobras consents
Monday, 19 September 2011, 1:49 pm | BusinessDesk
Sept. 19 (BusinessDesk) – Environmental objections to fossil fuel extraction are mounting, with the Royal Forest & Bird Protection Society and Greenpeace separately lodging appeals against coal-mining and oil exploration consents respectively. More >>
Satara returns to first-half profit, takes $4.5M Psa charge
Monday, 19 September 2011, 12:03 pm | BusinessDesk
Satara returns to first-half profit, Psa forces $4.5 mln write-down on assets More >>
Midday update: NZ economy looks resilient in the near term
Monday, 19 September 2011, 11:59 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand economists are expecting stronger economic growth in the year to March 2012 than they were three months ago, with more Christchurch rebuilding now expected and a boost from the Rugby World Cup. The consensus forecasts, ... More >>
Canterbury rebuild drives NZ growth in 2012: NZIER
Monday, 19 September 2011, 11:59 am | BusinessDesk
Sept. 19 (BusinessDesk) – Economists have lifted their estimates for economic growth in the year ending March 31, 2012, based on a surge in residential construction as Canterbury’s rebuild gets under way. More >>
NZ service sector expands for seventh month in August
Monday, 19 September 2011, 11:33 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand’s service industry grew for a seventh month in August, shrugging off the ill-effects of plunging markets in a month when the U.S. had its triple-A credit rating downgraded and European sovereign debt was in ... More >>
NZ consumers still optimistic, less confident on outlook
Monday, 19 September 2011, 10:31 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand consumers are still upbeat about how the economy is tracking, though their long-term confidence has tapered off in recent times, according to the latest Westpac McDermott Miller Consumer Confidence survey. More >>
Stocks to watch: BTU, FPH, GEL, PGC, WFD, WSI
Monday, 19 September 2011, 9:39 am | BusinessDesk
Sept. 19 (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 >>
Glass Earth to tap private Canadian investors for C$5 mln
Monday, 19 September 2011, 9:23 am | BusinessDesk
Sept. 19 (BusinessDesk) – NZAX-listed miner Glass Earth Gold Ltd. is looking to raise C$5 million through a private placement in Canada. More >>
NZ dollar rises with equities, but euro fears linger
Monday, 19 September 2011, 8:31 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar rose against the greenback, following global equities higher on Friday, but failure by European finance ministers to table any further concrete steps to hem in the European financial crisis over the weekend ... More >>
NZ GDP growth probably slowed in second quarter
Monday, 19 September 2011, 8:01 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand’s economy probably slowed from its surprisingly robust first-quarter pace in the second three months of 2011 as construction stayed weak and manufacturing continued to tread water. More >>
World Week Ahead: Fed’s response awaited
Monday, 19 September 2011, 7:40 am | BusinessDesk
Sept. 19 (BusinessDesk) - When Ben Bernanke decided that this week’s meeting of U.S. Federal Reserve policy committee should last two days instead of one, it was a signal. More >>
Pyne Gould has $141mln loss, flags return to profit in 2012
Friday, 16 September 2011, 6:21 pm | BusinessDesk
Pyne Gould makes $141mln loss, flags return to profit in 2012 Sept. 16 (BusinessDesk) – Pyne Gould Corp., which pushed its Marac lending unit into the Heartland New Zealand Ltd. merger, expects to return to profit next year after confirming a loss ... More >>
MARKET CLOSE: NZ stocks rise on European bank plan
Friday, 16 September 2011, 5:57 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise on European banking support deal; ANZ leads gainers, Wrightson falls More >>
NZ dollar heads for small weekly gain as euro optimism
Friday, 16 September 2011, 5:47 pm | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar headed for a weekly gain, after tumbling at the start of the month, on optimism a plan by major central banks to arrange U.S. dollar funding for European lenders will help contain the region’s ... More >>
MONEY TALKS: Another reason to care about dumb Euro debt
Friday, 16 September 2011, 5:42 pm | BusinessDesk
Sept. 16 (BusinessDesk) – As if we really needed it, Reserve Bank Governor Alan Bollard gave us yet another reason why European governments’ huge amounts of debt matter to little ole New Zealand. More >>
Shock, horror: farmers happiest with ETS review
Friday, 16 September 2011, 3:52 pm | BusinessDesk
Sept. 16 (BusinessDesk) – The business lobby hates it, and so do climate change activists, but Federated Farmers – once the Emission’s Trading Scheme’s most strident critic – has proved one of the least incensed by the ETS review panel ... More >>
Powell aims to reverse slow decline at Warehouse’s Red Sheds
Friday, 16 September 2011, 2:50 pm | BusinessDesk
Powell aims to reverse slow decline at Warehouse’s Red Sheds in ‘uncertain’ retail climate More >>
Some Woosh shareholders miss out in US$5M sale to Craig
Friday, 16 September 2011, 2:18 pm | BusinessDesk
Sept. 16 (BusinessDesk) – Craig Wireless Systems Ltd., the Californian telecommunications company, has agreed to buy Woosh Wireless Ltd. for US$5 million, purchasing the local company’s debt to make a call on the assets. More >>
NZ consumer confidence slips from 7-month high
Friday, 16 September 2011, 2:12 pm | BusinessDesk
Sept. 16 (BusinessDesk) – New Zealand consumer confidence fell from a seven-month high in September, led by Wellington residents, while Aucklanders were more buoyant, suggesting the opposing influences of state sector job cuts and the Rugby World Cup. More >>
Government orders fast-track for Transmission Gully consents
Friday, 16 September 2011, 12:29 pm | BusinessDesk
Sept. 16 (BusinessDesk) – The endlessly controversial Transmission Gully highway project has been placed on a fast-track resource consent process that should see applications decided within nine months. More >>
