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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 1542]
Interest rate caps an option for loan sharks, Power says
Thursday, 23 June 2011, 12:51 pm | BusinessDesk
June 23 (BusinessDesk) – The government is open to putting a cap on the interest rate that can be charged on loans as it looks to crack down on loan sharks, Consumer Affairs Minister Simon Power says. More >>
Defaulted Irongate bonds to trade on Unlisted platform
Thursday, 23 June 2011, 12:18 pm | BusinessDesk
June 23 (BusinessDesk) - The receivers of Irongate Property Ltd., the St. Lawrence-linked property investment firm, have listed the company's defaulted bonds on the Unlisted platform in a bid to give bondholders another avenue to recoup some of what they ... More >>
NZ guest nights fall in April as Chch quake takes its toll
Thursday, 23 June 2011, 12:14 pm | BusinessDesk
NZ guest nights fall in April as Canterbury quake takes its toll June 23 (BusinessDesk) – New Zealand’s accommodation nights fell in April as the Canterbury earthquake continued to take its toll on the appetites for overnight travel. More >>
Midday update: Kiwi drops after Bernanke statement
Thursday, 23 June 2011, 12:04 pm | BusinessDesk
June 23 (BusinessDesk) – After holding up against other currencies overnight, the New Zealand dollar fell sharply this morning against the greenback as comments from the chairman of the U.S. Federal Reserve, Ben Bernanke, saw support for the American ... More >>
Telstra stock halted as NBN statement awaited
Thursday, 23 June 2011, 10:26 am | BusinessDesk
June 23 (BusinessDesk) – Telstra Corp.’s shares were halted from trading on the NZX pending a statement, amid expectations Australia’s federal government will announce its deal on giving the National Broadband Network access to the phone company’s ... More >>
Stocks to watch: AIR, BTU, NZO, RBD, SKT, TEL
Thursday, 23 June 2011, 9:50 am | BusinessDesk
June 23 (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 >>
Kiwis suffer “Woody Allen syndrome”, says U.S. academic
Thursday, 23 June 2011, 9:46 am | BusinessDesk
June 23 (BusinessDesk) – New Zealanders behave like American comedian Woody Allen, with an attitude to their economy that is “a bit depressed and neurotic” when in fact “by every possible metric, New Zealand is a success,” a visiting U.S. ... More >>
NZ dollar gains as Fed pulls back outlook on economic growth
Thursday, 23 June 2011, 8:39 am | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar gained against the greenback after a soft forecast from the U.S. Federal Reserve underpinned support for the local economy amid emerging signs of growth in New Zealand. More >>
While you were sleeping: Fed outlook lacks lustre
Thursday, 23 June 2011, 7:32 am | BusinessDesk
(BusinessDesk) June 23 - Federal Reserve Chairman Ben Bernanke provided investors with little incentive to commit fresh funds on Wall Street as the central bank cut its economic growth forecast for 2011. More >>
Myth-busting adviser asks why houses cost so much
Wednesday, 22 June 2011, 9:31 pm | BusinessDesk
June 22 (BusinessDesk) – The government’s newly created Productivity Commission is to make housing affordability the subject of its first formal investigation. More >>
Energy World gets US$200M funding for Sengkang expansion
Wednesday, 22 June 2011, 6:03 pm | BusinessDesk
June 22 (BusinessDesk) - Energy World Corp. said it has US$200 million of project finance to add 120 megawatts of power to the Sengkang Power Station in Indonesia. More >>
MARKET CLOSE: NZ stocks fall for fifth day; Methven declines
Wednesday, 22 June 2011, 5:54 pm | BusinessDesk
June 22 (BusinessDesk) - New Zealand stocks fell for a fifth day, with the exchange unable to maintain its earlier momentum seen after Greece's Prime Minister George Papandreou survived a political showdown. Methven Ltd. led decliners, while Vector ... More >>
New Zealanders spend more on credit cards in May
Wednesday, 22 June 2011, 5:05 pm | BusinessDesk
June 22 (BusinessDesk) – New Zealanders spent more on their credit cards last month, indicating signs of life in the economy as people start getting more comfortable about buying again. More >>
Test feed item for Businessdesk for Yahoo
Wednesday, 22 June 2011, 5:00 pm | BusinessDesk
test testing tested test testing tested test testing tested test testing tested test testing tested More >>
PSIS to reward its customer-owners for their business
Wednesday, 22 June 2011, 4:48 pm | BusinessDesk
June 22 (BusinessDesk) – Customers of PSIS Ltd. will be directly rewarded for the amount of business they place with the institution, which operates like a bank, but is a cooperative, mutually owned by its depositors. More >>
Good news for some, frustration for others in Chch update
Wednesday, 22 June 2011, 12:36 pm | BusinessDesk
by Paul McBeth June 22 (BusinessDesk) – Christchurch residents and property owners will have an idea of the status of their land tomorrow when the government makes an announcement tomorrow afternoon. More >>
New Zealanders more upbeat on employment outlook
Wednesday, 22 June 2011, 11:31 am | BusinessDesk
June 22 (BusinessDesk) - New Zealanders are more upbeat about the labour market, mainly because they’re more optimistic about the outlook, according to the Westpac McDermott Miller Employment Confidence Index. More >>
NZ 1Q current account gap shrinks on insurance losses
Wednesday, 22 June 2011, 10:55 am | BusinessDesk
June 22 (BusinessDesk) – New Zealand’s current account deficit narrowed in the first quarter as earthquake-related insurance losses eroded foreigners’ earnings from their equity investments and exports of dairy products and oil rose. More >>
Govt expects competition to drive down SOE float fees
Wednesday, 22 June 2011, 10:55 am | BusinessDesk
by Paul McBeth June 22 (BusinessDesk) – Minister of State Owned Enterprises Tony Ryall expects the government will get a good deal on the fees it pays to investment banks and legal advisers if it gets to push ahead with its partial privatisation ... More >>
Stocks to watch: AIR, BTU, CEN, GPG, HNZ, OGC
Wednesday, 22 June 2011, 9:34 am | BusinessDesk
June 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 >>
