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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 1503]
Stocks to watch: HBY, NZO, OGC, TWR, VLO
Wednesday, 7 September 2011, 9:45 am | BusinessDesk
Themes of the day: The New Zealand dollar fell to a three-week low of 82.28 U.S. cents as global equity markets weakened and the Swiss central bank acted to drive down the value of the franc, which has been a safe-haven currency in the midst of ... More >>
NZ dollar falls as equities slide, Swiss franc tumbles
Wednesday, 7 September 2011, 9:10 am | BusinessDesk
Sept. 7 (BusinessDesk) - The New Zealand dollar fell against the greenback after equity markets weakened and the Swiss National Bank set a ceiling for the franc, driving down a currency that has been a ‘safe-haven’ beneficiary amid global ... More >>
Fonterra dairy product prices fall 1.4% to 10-mth low
Wednesday, 7 September 2011, 6:31 am | BusinessDesk
Sept. 7 (BusinessDesk) – Average prices of dairy products fell for the sixth straight sale in Fonterra Cooperative Group’s latest online auction, reaching the lowest level in 10 months. The GDT-TWI Price Index fell 1.4% to US$3,580 a metric tonne, ... More >>
NZ dollar drops below 83 US cts as RBA keeps rates on hold
Tuesday, 6 September 2011, 5:56 pm | BusinessDesk
Sept. 6 (BusinessDesk) - The New Zealand dollar dropped below 83 U.S. cents for the first time in almost two weeks as the Reserve Bank of Australia kept the benchmark rate on hold. More >>
MARKET CLOSE: NZ stocks fall on global economic fears
Tuesday, 6 September 2011, 5:47 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall on global economic fears; Goodman Fielder leads decliners, Telecom gains More >>
RBA holds key rate at 4.75% amid unsettled global markets
Tuesday, 6 September 2011, 5:34 pm | BusinessDesk
Sept. 6 (BusinessDesk) –The Reserve Bank of Australia kept its key interest rate unchanged at 4.75% as expected, saying it is too soon to judge the full impact of America’s faltering economy and Europe’s debt. More >>
Hellaby seeks directors' fee hike and an Oz-savvy director
Tuesday, 6 September 2011, 3:31 pm | BusinessDesk
Sept. 6 (BusinessDesk) – Hellaby Holdings, the diversified investment group looking for new acquisitions, will put the case to shareholders at its annual meeting for appointing a new director to help tap Australian markets. More >>
NZAX: VoucherMob eyes back-door listing via Velo Capital
Tuesday, 6 September 2011, 3:20 pm | BusinessDesk
by Paul McBeth Sept. 6 (BusinessDesk) – VoucherMob Ltd., which lets people use their smartphones to access discounts from participating retailers, is looking at a back-door listing as it seeks to tap international markets. More >>
Midday update: Stocks, dollar fall as Euro debt in focus
Tuesday, 6 September 2011, 12:07 pm | BusinessDesk
Sept. 6 (BusinessDesk) – New Zealand stocks and the kiwi dollar fell, with U.S. financial markets closed for the Labor Day holiday and European equity markets tumbling on renewed concern about the region’s debt and the threat of a U.S. lawsuit against ... More >>
SMELLIE ON SMEs: Beware the hungry start-up
Tuesday, 6 September 2011, 11:08 am | BusinessDesk
Sept. 6 (BusinessDesk) – Most businesses say they know how important it is to look after their customers. In fact, 91% of nearly 1,000 small New Zealand businesses recently polled on the subject said so! Oddly, however, only a fifth of those polled ... More >>
Registrar to consult Mrs Hubbard on statutory management
Tuesday, 6 September 2011, 10:24 am | BusinessDesk
Sept. 6 (BusinessDesk) – The Registrar of Companies, Neville Harris, will talk to Jean Hubbard and her advisers before making a final decision on the future of her statutory management after Allan Hubbard’s death last weekend. More >>
Fonterra JV with UK’s First Milk avoids duties
Tuesday, 6 September 2011, 10:23 am | BusinessDesk
Sept. 6 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, has taken a first step in avoiding import duties into the European market, by forming a joint venture that will source liquid whey from the U.K.’s biggest ... More >>
Stocks to watch: IFT, NZO, NZX, OGC, PGW, TLS
Tuesday, 6 September 2011, 9:44 am | BusinessDesk
Sept. 6 (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 >>
NZ dollar sheds almost 1 US cent on European debt fears
Tuesday, 6 September 2011, 8:28 am | BusinessDesk
Sept. 6 (BusinessDesk) - The New Zealand dollar fell against the greenback, with U.S. financial markets closed for the Labour Day holiday and European equities tumbling amid fears that German political support for the bailout of indebted euro zone states ... More >>
MARKET CLOSE: NZ stocks slip on global outlook; Rakon leads
Monday, 5 September 2011, 5:40 pm | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand stocks fell, kicking off a slump on Asia Pacific markets after U.S. jobs growth stalled in August and on signs Europe's debt crisis may be worsening, sparking fresh fears that the global economy is headed for another ... More >>
New listings can’t come soon enough for dwindling NZX
Monday, 5 September 2011, 3:08 pm | BusinessDesk
Sept. 5 (BusinessDesk) – The New Zealand equity market’s share of gross domestic product has shrunk to about a third of its Australian counterpart’s, as its role in the provision of risk capital dwindles, underlining the need for new listings ... More >>
NZ Dollar Outlook: Kiwi may fall as Europe, U.S. weigh
Monday, 5 September 2011, 2:46 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar may fall this week, as investors continue to trim their holdings in riskier assets amid fears the fiscal crises in Europe and the U.S. are dragging the global economy into recession. More >>
NZ bond spreads to US Treasuries at widest since November
Monday, 5 September 2011, 1:11 pm | BusinessDesk
Sept. 5 (BusinessDesk) – New Zealand 10-year government bonds are trading at the widest spread to comparable U.S. Treasuries since November last year and the gap may grow amid signs the American economy is sliding back into recession. More >>
Midday update: Key to update on Hubbard case
Monday, 5 September 2011, 12:46 pm | BusinessDesk
Midday update: Post-Cabinet update expected on Hubbard statutory management Sept. 5 (BusinessDesk) – Prime Minister John Key is expected to update the government’s position later today on the statutory management of Jean Hubbard and her deceased ... More >>
Midday update: PM to update on Hubbard case status
Monday, 5 September 2011, 12:17 pm | BusinessDesk
Midday update: Post-Cabinet update expected on Hubbard statutory management Sept. 5 (BusinessDesk) – Prime Minister John Key is expected to update the government’s position later today on the statutory management of Jean Hubbard and her deceased ... More >>
