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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 1577]
Time for stimulus is over as economy recovers, English says
Tuesday, 12 April 2011, 12:57 pm | BusinessDesk
April 12 (BusinessDesk) – Finance Minister Bill English says New Zealand’s economy is heading back to normal, and the government is preparing to withdraw stimulus measures put in place during its worst recession in almost two decades. More >>
Charlie’s says full-year profit may double, driven by Aust
Tuesday, 12 April 2011, 10:05 am | BusinessDesk
April 12 (BusinessDesk) – Charlie’s Group Ltd., the juice maker that counts Australia’s biggest supermarket chains as customers, said full-year profit may almost double on sales across the Tasman. More >>
Stocks to watch: AIA, FBU, PGC, SAN, TUR, VCT
Tuesday, 12 April 2011, 9:31 am | BusinessDesk
April 12 (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 >>
Commodity rally may stoke inflation, Bollard says
Tuesday, 12 April 2011, 9:15 am | BusinessDesk
April 12 (BusinessDesk) – Reserve Bank Governor Alan Bollard said accelerating inflation may force an interest rate hike if persistently high local commodity prices feed into consumer spending and borrowing habits. More >>
NZ dollar falls as IMF cuts U.S. growth forecast
Tuesday, 12 April 2011, 8:33 am | BusinessDesk
April 12 (BusinessDesk) - The New Zealand dollar fell after the International Monetary fund slashed its growth forecast for the U.S. economy, weighing on commodity prices and raising questions about the pace of global growth. More >>
Royal Commission into Chch quake finalised
Monday, 11 April 2011, 5:56 pm | BusinessDesk
April 11 (BusinessDesk) – The government has finalised the terms of reference for its Royal Commission of Inquiry into the collapse of several buildings in the Feb. 22 Christchurch quake that caused the majority of the city’s casualties. More >>
MARKET CLOSE: Pyne Gould leads NZ stocks higher, Vector down
Monday, 11 April 2011, 5:52 pm | BusinessDesk
by Jason Krupp April 11 (BusinessDesk) - New Zealand stocks rose, snapping three days of declines, lead by Pyne Gould Corp. on reports that investors could receive their shares in Business Society Holdings as early as May. Vector Ltd. fell amid ... More >>
Gibbs to step aside as T&G chairman
Monday, 11 April 2011, 5:23 pm | BusinessDesk
April 11 (BusinessDesk) – Former Guinness Peat Group director Tony Gibbs will step down as chairman of GPG-controlled Turners & Growers Ltd. at this June’s annual meeting. More >>
Fonterra adds cheddar to global auction platform
Monday, 11 April 2011, 5:22 pm | BusinessDesk
April 11 (BusinessDesk) – New Zealand’s dairy exporter Fonterra Cooperative Group is to add cheddar cheese to its burgeoning international commodities auction platform, globalDairyTrade, starting on July 19. More >>
Police Minister seeks advice from Crown Law over Greenpeace
Monday, 11 April 2011, 4:54 pm | BusinessDesk
April 11 (BusinessDesk) - Police Minister Judith Collins is seeking advice from Crown Law on her jurisdiction to stop Greenpeace disrupting Petrobas of Brazil's oil and gas search off the East Cape, says Prime Minister John Key. More >>
NZ Dollar Outlook: Kiwi may rise with commodities
Monday, 11 April 2011, 2:38 pm | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar may extend its gains this week, as the currency continues to ride the bow wave of rising global risk appetite, surging commodity prices and ongoing weakness in the greenback. More >>
OceanaGold flags mid-year construction for Didipio mine
Monday, 11 April 2011, 2:15 pm | BusinessDesk
April 11 (BusinessDesk) – OceanaGold Corp., the Macraes and Reefton mine operator, expects construction on its stalled Didipio gold and copper project in the Philippines to begin in the next few months. More >>
Kiwis spend more on petrol, clothes and appliances in March
Monday, 11 April 2011, 11:33 am | BusinessDesk
April 11 (BusinessDesk) – New Zealanders spent more on new clothes and appliances and rising petrol prices last month, according to credit and debit card figures. More >>
Photonz to scale up heart drug production in Europe
Monday, 11 April 2011, 11:24 am | BusinessDesk
April 12 (BusinessDesk) - Photonz, a biotech start-up which counts Stephen Tindall as its biggest shareholder, has signed a deal with French company Separex to extract an Omega-3 fatty acid from its patented microalgae fermentation process. More >>
Sanford points to climbing commodity prices as stock surges
Monday, 11 April 2011, 10:59 am | BusinessDesk
April 11 (BusinessDesk) – Sanford Ltd., which last year bought the Greenshell mussel and Pacifica oyster businesses of Pacifica Seafoods for some $85 million, says improving seafood prices may explain the recent surge in its share price. More >>
Allied Farmers may default on $7.5M loan due on July 1
Monday, 11 April 2011, 10:58 am | BusinessDesk
Allied Farmers may default on $7.5M loan due to failed unit on July 1, Alloway says More >>
Stocks to watch: AIA, CAV, GFF, NZO, RYM, SKC
Monday, 11 April 2011, 9:41 am | BusinessDesk
April 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 >>
NZ dollar gains on U.S. dollar weakness, Aussie strength
Monday, 11 April 2011, 8:30 am | BusinessDesk
The New Zealand dollar rose as the greenback weakened against most major currencies following the last-minute approval of the U.S. budget, while the rampant strength of the Australian dollar also helped underpin the kiwi. More >>
WEEKLY SPORTS DIGEST: Breakers level series, Vettel in lead
Monday, 11 April 2011, 7:31 am | BusinessDesk
11/04/11 Executive sport summary – An overview of the major sporting events – Results, key moments and talking points – Everything you need to know to foot it at the water cooler this week. More >>
World Week Ahead: It’s all in the outlook
Monday, 11 April 2011, 7:23 am | BusinessDesk
(BusinessDesk) April 11 - Forget the numbers. For the most part, U.S. companies are going to report higher earnings for the quarter ended March 31. More >>
