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BusinessDesk - Latest News [Page 1564]

NZ manufacturing grows in April, tipped to go higher

Thursday, 12 May 2011, 11:02 am | BusinessDesk

May 12 (BusinessDesk) – New Zealand manufacturing growth accelerated last month and is tipped to expand further this year as the construction sector kicks back into life. More >>

Couillault on comeback trail with new managed fund

Thursday, 12 May 2011, 10:56 am | BusinessDesk

May 12 (BusinessDesk) – Former Fisher Funds Ltd. chief investment officer Warren Couillault is back on the New Zealand investment scene with the launch of Richmond Investment Management, a managed fund partnership with the super-wealthy Spencer ... More >>

Predatory offers show need for financial literacy: Power

Thursday, 12 May 2011, 9:44 am | BusinessDesk

May 12 (BusinessDesk) – A slew of predatory offers has highlighted the need to improve the country’s financial literacy, according to Commerce Minister Simon Power. More >>

Stocks to watch: AIR, ARG, IFT, NZO, OGC, RBC

Thursday, 12 May 2011, 9:40 am | BusinessDesk

May 11 (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 buys Brazil dairy farm, sees growth in fresh milk

Thursday, 12 May 2011, 9:19 am | BusinessDesk

May 12 (BusinessDesk) - Fonterra Cooperative Group is buying an 850 hectare dairy farm in Brazil, extending a global policy of developing sources of fresh milk in fast-growing emerging economies. More >>

NZ dollar falls as commodities dip on Chinese data

Thursday, 12 May 2011, 8:44 am | BusinessDesk

May 12 (BusinessDesk) - The New Zealand dollar fell against the greenback after softer-than-expected production data out of China pushed down commodity prices and dimmed demand for growth-linked currencies such as the kiwi and Australian currencies. More >>

MARKET CLOSE: NZX 50 hits 2 1/2-year high, led by ARG, TEL

Wednesday, 11 May 2011, 5:41 pm | BusinessDesk

MARKET CLOSE: NZ stocks rise; Argosy, Telecom lead NZX 50 to 2 1/2-year high More >>

UPDATED: DNZ offer ‘uncompelling’, Argosy says

Wednesday, 11 May 2011, 5:39 pm | BusinessDesk

May 11 (BusinessDesk) – Argosy Property Trust says an initial offer to merge with rival DNZ Property Fund Ltd. was not compelling and it’s pressing ahead with the proposed internalisation of the management contract. More >>

DNZ sniffs around Argosy Property Trust

Wednesday, 11 May 2011, 3:49 pm | BusinessDesk

May 11 (BusinessDesk) – DNZ Property Fund Ltd. is sniffing around rival Argosy Property Trust after being rebuffed over a proposed merger. More >>

Fonterra says some months before other firms can use gDT

Wednesday, 11 May 2011, 3:45 pm | BusinessDesk

May 11 (BusinessDesk) – Fonterra Cooperative Group says it will be some months before it agrees to sell rival dairy companies’ product on the globalDairyTrade platform. More >>

Banks lucky over rebound in dairy prices, Bollard says

Wednesday, 11 May 2011, 2:57 pm | BusinessDesk

May 11 (BusinessDesk) – Lenders that over-stretched themselves in the rural sector have been “very lucky” dairy prices rebounded in the past 18 months, according to Reserve Bank Governor Alan Bollard. More >>

Comment: Key’s slow route to retirement at 70

Wednesday, 11 May 2011, 1:23 pm | BusinessDesk

May 11 (BusinessDesk) - By putting some otherwise politically unappetising reforms to the KiwiSaver scheme on the agenda for the 2011 election, John Key is showing his critics how he intends to break his promise about raising the pension age. More >>

Budget 2011 – Key makes KiwiSaver changes an election issue

Wednesday, 11 May 2011, 12:24 pm | BusinessDesk

May 11 (BusinessDesk) – Next week’s Budget will lay out a path to reduced government subsidy for the KiwiSaver scheme, made up by greater savings by businesses and their employees, Prime Minister John Key, has told a Business New Zealand lunch in Wellington. More >>

From Shell to “Zed” – Greenstone Energy ditches Shell brand

Wednesday, 11 May 2011, 12:00 pm | BusinessDesk

by Pattrick Smellie May 11 (BusinessDesk) – What was once the Shell petrol station is to become a Z – pronounced “Zed” – station, where the results of a massive piece of customer research will be applied to create a petrol and coffee-buying experience ... More >>

Endeavour Capital partners with Chinese firm to invest $120M

Wednesday, 11 May 2011, 11:27 am | BusinessDesk

May 11 (BusinessDesk) – Endeavour Capital Ltd., the Wellington venture capital vehicle, has attracted a Chinese partner to help invest $120 million in companies looking to tap international markets. More >>

ArborGen shelves IPO plan; Rubicon shares drop

Wednesday, 11 May 2011, 11:11 am | BusinessDesk

May 11 (BusinessDesk) – The proposed float of tree seedling company ArborGen Inc., which is part-owned by Rubicon Ltd., has been shelved for the time being because of tepid conditions on Wall Street. Shares in Rubicon slumped 16% when they resumed ... More >>