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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 1502]
MARKET CLOSE: NZ shares pare gains on weak Australian jobs
Thursday, 8 September 2011, 5:42 pm | BusinessDesk
Sept. 8 (BusinessDesk) - New Zealand shares pared their gains after figures showed Australia unexpectedly shed jobs last month, dimming sentiment that was boosted by second-quarter economic growth figures. Kathmandu Holdings led gainers and Vector ... More >>
NZ dollar holds gains after weak Australian jobs data
Thursday, 8 September 2011, 5:33 pm | BusinessDesk
Sept. 8 (BusinessDesk) – The New Zealand dollar held gains in today’s trading session, shrugging off weak Australian employment data, as investors prepare for U.S. President Barack Obama’s speech on boosting jobs. More >>
APN, Fairfax, PMP mull sharing NZ printing presses
Thursday, 8 September 2011, 12:31 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Rivalries in the New Zealand newspaper industry, dominated by APN News & Media and Fairfax Media, are being put aside as publishers start discussing whether to join a global trend of sharing printing presses to better use ... More >>
Midday update: Griffins food business up for sale
Thursday, 8 September 2011, 12:06 pm | BusinessDesk
Midday update: Griffins up for sale according to reports Sept. 8 (BusinessDesk) – Local snack food manufacturer Griffins is reportedly up for sale as its Australian private equity owner looks to exit another local business. Reuters is reporting Pacific ... More >>
NZ building work volume sinks to decade-low in June
Thursday, 8 September 2011, 11:37 am | BusinessDesk
Sept. 8 (BusinessDesk) – The volume of New Zealand building work put in place fell to a decade-low in the June quarter as construction of new housing sank. More >>
Stocks to Watch: FPH, HBY, NZO, OGC, POT
Thursday, 8 September 2011, 9:39 am | BusinessDesk
Sept. 8 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
OceanaGold to join NZX 50, APN drops out in quarterly review
Thursday, 8 September 2011, 9:15 am | BusinessDesk
Sept. 8 (BusinessDesk) – OceanaGold Corp., operator of the Macraes gold field, is to join the NZX 50 Index on Sept.19 as APN News & Media Ltd. drops out after the bourse’s latest quarterly review. More >>
NZ dollar gains rallies as equity markets recover
Thursday, 8 September 2011, 8:58 am | BusinessDesk
Sept 8 (BusinessDesk) - The New Zealand dollar rose against the greenback as investors drew comfort from firm equity markets ahead of a potentially market-moving Australian employment report. More >>
China and NZ level-pegging in global competitiveness stakes
Wednesday, 7 September 2011, 7:43 pm | BusinessDesk
by Pattrick Smellie Sept. 7 (BusinessDesk) – New Zealand has slipped to 25th most competitive economy in the world, while China has edged up to 26th, in a David and Goliath demonstration of the shift in geo-political power that's accelerated since ... More >>
REFILE: NZ apple exporters reject Aussie market plan
Wednesday, 7 September 2011, 6:25 pm | BusinessDesk
Sept. 7 (BusinessDesk) – New Zealand apple exporters have delivered a serious blow to apple industry attempts to create a united front for exports into the newly opened Australian apple market. More >>
NZ apple exporters reject Aussie market plan
Wednesday, 7 September 2011, 6:07 pm | BusinessDesk
Sept. 7 (BusinessDesk) – New Zealand apple exporters have delivered a serious blow to apple industry attempts to create a united front for exports into the newly opened Australian apple market. More >>
REFILE: MARKET CLOSE: NZ shares rise on Australian growth
Wednesday, 7 September 2011, 6:00 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand stocks rose after unexpectedly strong Australian economic growth lifted dual-listed companies including Australia & New Zealand Banking Group and Telstra Corp. The NZX 50 Index rose 30.39 points, or 0.9%, to 3,300.95. ... More >>
MARKET CLOSE: NZ shares rise on Australian growth; ANZ gains
Wednesday, 7 September 2011, 5:51 pm | BusinessDesk
Sept. 7 (BusinessDesk) - New Zealand stocks rose after unexpectedly strong Australian economic growth lifted dual-listed companies including Australia & New Zealand Banking Group and Telstra Corp. The NZX 50 Index rose 30.39 points, or 0.9%, to 3,300.95. ... More >>
NZ dollar recovers ground on Australian growth
Wednesday, 7 September 2011, 5:37 pm | BusinessDesk
Sept. 7 (BusinessDesk) - The New Zealand dollar clawed back losses after Australia’s economy grew faster than expected in the second quarter this year, while European debt fears kept investors nervous about the health of the global economy. More >>
Mutual Finance receivers repay $1.8M to govt for guarantee
Wednesday, 7 September 2011, 3:52 pm | BusinessDesk
Sept. 7 (BusinessDesk) – Failed lender Mutual Finance Ltd. has repaid $1.8 million to the government after calling on the retail deposit guarantee, according to the latest receiver’s report. More >>
From the Farm: Global prices decline on cue
Wednesday, 7 September 2011, 3:18 pm | BusinessDesk
Prices in Fonterra’s latest online auction of dairy products have fallen to the lowest level in 10 months and have declined for six sales in a row. More >>
Australia GDP beats forecasts, sending kiwi lower
Wednesday, 7 September 2011, 2:50 pm | BusinessDesk
Sept. 7 (BusinessDesk) – Australia’s economy grew faster than expected in the second quarter as the so-called ‘lucky country’ recovered from the Queensland flood-induced first-quarter contraction. The New Zealand dollar fell below 78 Australian ... More >>
Midday update: Strong corporate earnings point to OCR rise
Wednesday, 7 September 2011, 12:02 pm | BusinessDesk
Sept. 7 (BusinessDesk) – New Zealand’s listed company reporting season, just ended, was the strongest in the last five years, with companies reporting better than expected earnings on a three-to-one ratio, says Wellington funds management ... More >>
Renaissance still unprofitable on quakes, Apple competition
Wednesday, 7 September 2011, 11:50 am | BusinessDesk
Sept. 7 (BusinessDesk) – Renaissance Corp., the primary local distributer of Apple Inc. products, is warning shareholders not to expect a profit until the 2012 financial year as the Christchurch earthquake and new competition in Apple Inc. distribution ... More >>
MONEY TALKS: When the big boys line up for SOEs, should you?
Wednesday, 7 September 2011, 10:46 am | BusinessDesk
MONEY TALKS: If the big boys are lining up for the SOE float, shouldn’t you? More >>
