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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 1536]
Business confidence bounces back strongly
Tuesday, 5 July 2011, 10:06 am | BusinessDesk
July 5 (BusinessDesk) – Business confidence has bounced back strongly across the board, including Canterbury, although profitability remains weak and some headwinds are evident in the export sector as the economies of Asia and Australia slow their ... More >>
Stocks to watch: AIA, AIR, FBU, KMD, NZO, OGC
Tuesday, 5 July 2011, 9:39 am | BusinessDesk
July 5 (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 >>
Fonterra's Australian bonds sold at 100bps over swap
Tuesday, 5 July 2011, 9:31 am | BusinessDesk
July 5 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, raised A$300 million in its first bond issue across the Tasman. More >>
NZ dollar falls ahead of NZIER business survey
Tuesday, 5 July 2011, 8:29 am | BusinessDesk
July 5 (BusinessDesk) - The New Zealand dollar fell against the U.S. currency ahead of today's Quarterly Survey of Business Opinion, trading in a tight range with Wall Street closed for the Independence Day holiday. More >>
While you were sleeping: Greek money tap re-opens
Tuesday, 5 July 2011, 7:35 am | BusinessDesk
(BusinessDesk) July 5 - The week began on a positive note for Greece, despite a warning by Standard & Poor’s, after European officials approved additional funding for the debt-challenged country. More >>
MARKET CLOSE: NZX 50 gains as Asahi makes trans-Tasman play
Monday, 4 July 2011, 5:59 pm | BusinessDesk
July 4 (BusinessDesk) - New Zealand stocks rose as Japan’s Asahi group made a $129.3 million bid for local juice-maker Charlie's Group, the standout performer on the day, in a trans-Tasman grab for assets. Property stocks fell with AMP NZ Office Ltd. ... More >>
Treasury more pessimistic on 1Q growth than market
Monday, 4 July 2011, 4:38 pm | BusinessDesk
by Paul McBeth July 4 (BusinessDesk) – The Treasury is more downbeat about economic growth figures this week, saying it expects gross domestic product grew 0.3% in the first three months of the year. More >>
Govt to spend $17 bln over four years on infrastructure
Monday, 4 July 2011, 4:33 pm | BusinessDesk
July 4 (BusinessDesk) – The government will spend more than $17 billion over the next four years as it pumps money into the country’s infrastructure, and that doesn’t include funds set aside to rebuild Canterbury. More >>
NZ Dollar Outlook: Kiwi may rise as data points to growth
Monday, 4 July 2011, 3:00 pm | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar may rise against the greenback this week as the market shifts its focus to local data, with first-quarter growth and second-quarter business survey expected to show signs of further recovery in the ... More >>
The Water Cooler: Jono McKeown's Monday update on the sporti
Monday, 4 July 2011, 1:40 pm | BusinessDesk
WIMBLEDON: Novak Djokovic continued his 2011 domination of Rafael Nadal to win Wimbledon. Djokovic was simply too good for the defending champion taking the match 6-4 6-1 1-6 6-3. The win gained the 24 year old Serb his first grass court title. More >>
NZ commodity prices fall for the first time in 10 months
Monday, 4 July 2011, 1:37 pm | BusinessDesk
by Paul McBeth July 4 (BusinessDesk) – New Zealand commodity prices slipped for the first time since August last year, ending the run of golden weather for locally produced raw material, other than wool, which remains on a tear. More >>
$100k tech transfer grants prove too big for most NZ firms
Monday, 4 July 2011, 1:11 pm | BusinessDesk
July 4 (BusinessDesk) - A small uptake has forced the Ministry of Science and Innovation to lower the threshold for companies wanting to use its new technology transfer vouchers. More >>
Midday update: Asahi values Charlie’s at $129mln in takeover
Monday, 4 July 2011, 11:51 am | BusinessDesk
July 4 (BusinessDesk) – High-end juice and soft drinks maker Charlie’s Ltd. is the subject of a $129.3 million takeover bid by the New Zealand arm of the Japanese brewing giant, Asahi. More >>
Asahi makes $129.3 mln bid for juice-maker Charlie’s
Monday, 4 July 2011, 9:46 am | BusinessDesk
July 4 (BusinessDesk) –Charlie’s Group founders Stefan Lepionka, Mark Ellis and Simon Neal, along with other majority shareholders, have agreed to sell the juice-maker for $129.3 million to Japanese brewer, the Asahi group. More >>
Stocks to watch: AIR, CHA, PGC, SKC, TEL, TWR
Monday, 4 July 2011, 9:44 am | BusinessDesk
July 4 (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 inches up as Greece gets bailout from EU
Monday, 4 July 2011, 8:31 am | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar inched up against the greenback after European finance ministers approved a 12-billion euro loan to Greece, easing market fears of default. More >>
World Week Ahead: Relief and a reality check
Monday, 4 July 2011, 7:36 am | BusinessDesk
July 4 (BusinessDesk) - The global economy has made it half way through the calendar year and perhaps, just perhaps, a corner has been turned. More >>
NZ GDP probably grew at fastest pace in four quarters
Monday, 4 July 2011, 7:29 am | BusinessDesk
July 4 (BusinessDesk) - New Zealand's economy probably grew at the fastest pace in four quarters in the first three months of 2011 as robust manufacturing and exports helped make up for the impact of Canterbury's earthquakes. More >>
MARKET CLOSE: NZ stock rise; Telecom paces gainers
Friday, 1 July 2011, 6:05 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand stocks rose for a second session, helping the exchange snap a two-week streak of declines as fears of a European debt crisis abated. Telecom Corp. paced gainers, while PGG Wrightson Ltd. fell. More >>
Storm clouds gather on Aorangi Securities
Friday, 1 July 2011, 5:57 pm | BusinessDesk
by Paul McBeth July 1 (BusinessDesk) – Investors in failed Allan Hubbard investment vehicle Aorangi Securities Ltd. will get a smaller distribution than expected this month, as the Serious Fraud Office alleges the business reported “non-existent” ... More >>
