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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 1550]
Lanzatech adds Japan's Mitsui as technology roll-out partner
Wednesday, 8 June 2011, 9:31 am | BusinessDesk
June 8 (BusinessDesk) – Auckland-based clean technology sector darling Lanzatech Ltd. has added the giant Japanese industrial conglomerate, Mitsui and Co. to the growing band of A-list global clients lining up to use its gas fermentation technology ... More >>
Green light for half billion dollar geothermal power station
Wednesday, 8 June 2011, 9:16 am | BusinessDesk
June 8 (BusinessDesk) – New Zealand’s growing reliance on geothermal steam to generate electricity will go up another notch in mid-2013, with state-owned MightyRiverPower Ltd. announcing a new 82 Megawatt plant to be built at Ngatamariki, north of Taupo. More >>
Fairfax includes Trade Me in company-wide review
Wednesday, 8 June 2011, 9:07 am | BusinessDesk
June 8 (BusinessDesk) – The future of the New Zealand auction site Trade Me Ltd. is up for review as Australian media empire Fairfax Media Ltd. undergoes a company-wide review. More >>
NZ dollar rises after stocks climb, China greenback warning
Wednesday, 8 June 2011, 8:29 am | BusinessDesk
June 8 (BusinessDesk) - The New Zealand dollar rose against the greenback after a bounce in global commodity and equity markets, and further U.S. dollar weakness following comments from a Chinese official on the risks of excessive U.S. dollar holdings. More >>
While you were sleeping: Bargain prices attract
Wednesday, 8 June 2011, 7:22 am | BusinessDesk
(BusinessDesk) June 8 - The pullback in global equities may not yet be over but investors are dipping their toes back into the market. More >>
MARKET CLOSE: NZ stocks fall; Kathmandu leads decliners
Tuesday, 7 June 2011, 5:58 pm | BusinessDesk
June 7 (BusinessDesk) - New Zealand stocks fell led by retailer Kathmandu Holdings after the Reserve Bank of Australia highlighted a slow pace of recovery in the country's non-mining sector. Freightways Ltd. rose. More >>
RBA keeps cash rate on hold, kiwi dollar gains
Tuesday, 7 June 2011, 5:16 pm | BusinessDesk
June 7 (BusinessDesk) – The Reserve Bank of Australian has kept the cash rate at 4.75% as global economic growth prospects remain on hold. The kiwi dollar gained half a cent against its Australian counterpart after the announcement. More >>
Farming Systems minority shareholders plan to block Olam bid
Tuesday, 7 June 2011, 3:49 pm | BusinessDesk
June 7 (BusinessDesk) – Minority shareholders in NZ Farming Systems Uruguay Ltd. are lobbying investors to turn down Singaporean food commodities group Olam International Ltd.’s takeover, saying the offer is too low. More >>
NZ Dollar Outlook: Kiwi may remain range-bound as MPS looms
Tuesday, 7 June 2011, 2:54 pm | BusinessDesk
The New Zealand dollar is expected to remain range bound this week, with the ongoing weakness in the greenback likely to support the currency and the Reserve Bank’s Monetary Policy Statement on Thursday expected to express concern about the high ... More >>
Tax, social welfare & stats depts the best to deal with
Tuesday, 7 June 2011, 1:12 pm | BusinessDesk
June 7 (BusinessDesk) – The government agencies responsible for gathering money, redistributing it, and counting what happened to it rank as the three most easy departments to deal with in the TransTasman political newsletter’s second annual survey of ... More >>
Downer says first Waratah train largely complete
Tuesday, 7 June 2011, 12:11 pm | BusinessDesk
June 7 (BusinessDesk) - Downer EDI said practical completion work on its first Waratah train set is largely complete and meanwhile its joint-venture has won a Western Australian roading contract worth A$150 million. More >>
Vital Healthcare sells laundry plant for $12.6M
Tuesday, 7 June 2011, 11:48 am | BusinessDesk
June 7 (BusinessDesk) - Vital Healthcare Property Trust has unconditionally sold its hospital laundry and sterilisation facility in Point Chevalier, Auckland for $12.6 million, its manager said. More >>
Kiwi dollar drives up value of gross govt debt: Treasury
Tuesday, 7 June 2011, 10:52 am | BusinessDesk
June 7 (BusinessDesk) – The government’s gross debt was 4.2% higher than forecast in the first 10 months of the fiscal year, as the high New Zealand dollar drove up then value of derivatives and the cost to hedge their risk. More >>
OceanaGold CFO steps down for other opportunities
Tuesday, 7 June 2011, 9:43 am | BusinessDesk
June 7 (BusinessDesk) – OceanaGold Corp. chief financial officer Marcus Engelbrecht has stepped down after 2 ½ years in charge of the gold miner’s books. More >>
Cavotec and INET partner in Dubai Airport deal
Tuesday, 7 June 2011, 9:39 am | BusinessDesk
June 7 (BusinessDesk) – Cavotec MSL Holdings, the engineering group planning to quit its NZX listing, is partnering with U.S.-based INET Airport Systems Inc. to supply air and power systems at Dubai International Airport. More >>
Stocks to watch: BTU, CCC, OGC, RYM, SPT, WTL
Tuesday, 7 June 2011, 9:30 am | BusinessDesk
June 7 (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 falls as global growth fears rise
Tuesday, 7 June 2011, 8:29 am | BusinessDesk
June 7 (BusinessDesk) - The New Zealand dollar fell against the greenback as a spate of weaker U.S. economic data and resurgent European debt concerns fueled investors' fears that the global economic recovery may be stalling. More >>
While you were sleeping: Wariness bolsters safe bets
Tuesday, 7 June 2011, 7:16 am | BusinessDesk
(BusinessDesk) June 7 - As the trading week begins in North America, investors remain reticent to place bets and that forebodes a sixth consecutive week of falling stock prices on Wall Street. More >>
World Week Ahead: Momentum temporarily lost
Monday, 6 June 2011, 7:38 pm | BusinessDesk
(BusinessDesk) June 6 - Equities are struggling to maintain forward momentum - if you’re an optimist. More >>
MARKET CLOSE: NZ stocks fall; Bathurst makes ASX200
Friday, 3 June 2011, 6:05 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall; Bathurst makes ASX200 June 3 (BusinessDesk) - New Zealand stocks fell for a second day with Telecom pacing decliners after the company announced a reshuffle of its reporting structure as it prepares to spin off its Chorus ... More >>
