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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 1585]
Telecom gets no reprieve on UBA backhaul regulation
Wednesday, 23 March 2011, 10:28 am | BusinessDesk
March 23 (BusinessDesk) – Telecom Corp., pondering structural separation to win a share of the national broadband network, won’t get a regulatory reprieve on unbundled bitstream access backhaul links because the regulator says that market hasn’t attracted ... More >>
Stocks to watch: AMP, FBU, NZO, PGW, TWR, XRO
Wednesday, 23 March 2011, 9:45 am | BusinessDesk
March 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 >>
NZ dollar rises against greenback on stronger commodities
Wednesday, 23 March 2011, 8:29 am | BusinessDesk
March 23 (BusinessDesk) - The New Zealand dollar rose against the greenback on rising commodity prices as receding fears around Japan's nuclear crisis saw a marked increase in investor risk appetite. That comes ahead of the release of fourth-quarter current ... More >>
MARKET CLOSE: NZ stocks rise; Kathmandu leads gainers
Tuesday, 22 March 2011, 5:58 pm | BusinessDesk
March 22 (BusinessDesk) - New Zealand stocks rose for a fifth session, with risk appetite returning amid signs that a nuclear meltdown at the Fukushima power plant is less likely. Kathmandu Holdings led gainers, and PGG Wrightson Ltd. fell. More >>
AMP to sell A$600 mln of notes to help fund Axa acquisition
Tuesday, 22 March 2011, 3:33 pm | BusinessDesk
March 22 (BusinessDesk) – AMP Ltd., the dual-listed wealth manager, will sell A$600 million of notes to help fund the A$13.3 billion merger with Axa Asia Pacific Holdings. More >>
Income-sharing tax bill expensive but has merit: Committee
Tuesday, 22 March 2011, 3:14 pm | BusinessDesk
March 22 (BusinessDesk) – Revenue Minister Peter Dunne’s proposal to let parents split their income for tax purposes isn’t entirely without merit, though the $500 million price tag is much too high, a parliamentary committee has concluded. More >>
2degrees market share hits 11%
Tuesday, 22 March 2011, 12:43 pm | BusinessDesk
March 22 (BusinessDesk) – Two Degrees Mobile Ltd., the latest entrant into the nation’s mobile phone market, almost tripled its market share in the past year, although it remains dependent on shareholder funding to operate. More >>
Quake-hit businesses target of $6.85m fund
Tuesday, 22 March 2011, 12:35 pm | BusinessDesk
March 22 (BusinessDesk) – Quake-hit Christchurch businesses will be eligible for government funding to help either rebuild or close their businesses, and to take international trips to visit export customers. More >>
Quake-hit businesses target of $6.85m fund
Tuesday, 22 March 2011, 12:33 pm | BusinessDesk
March 22 (BusinessDesk) – Quake-hit Christchurch businesses will be eligible for government funding to help either rebuild or close their businesses, and to take international trips to visit export customers. More >>
NZ's R&D spending up 13% in 2010, still lags Australia
Tuesday, 22 March 2011, 12:11 pm | BusinessDesk
March 22 (BusinessDesk) - New Zealand’s spending on research and development rose 13% last year, though the nation still under-spends Australia relative to its economy, suggesting a greater effort will be needed to close the economic divide through innovation. More >>
RBNZ proposed OBP could weigh on bank ratings: Moody's
Tuesday, 22 March 2011, 11:12 am | BusinessDesk
RBNZ’s proposed policy for failed banks could put pressure on ratings, Moody’s says More >>
ISI taps sustainable development chief Peter Neilson
Tuesday, 22 March 2011, 9:34 am | BusinessDesk
March 22 (BusinessDesk) – The Investment Savings and Insurance Association, the financial services and life insurance lobby group, has tapped sustainable development spokesman Peter Neilson as its new chief executive. More >>
Stocks to watch: AIA, AIR, APN, FBU, PGW, WHS
Tuesday, 22 March 2011, 9:21 am | BusinessDesk
March 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 >>
NZ dollar edges up as risk appetite returns
Tuesday, 22 March 2011, 8:24 am | BusinessDesk
March 22 (BusinessDesk) - The New Zealand dollar rose against the greenback, as investor appetite for higher yielding, or riskier assets returned amid signs Japan was making progress in cooling its near-critical nuclear reactors. More >>
MARKET CLOSE: NZ stocks rise as Japan concerns ease; APN up
Monday, 21 March 2011, 6:02 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise as Japan concerns ease; APN paces gainers, Pyne Gould falls More >>
Parochial interests win Queenstown airport fight
Monday, 21 March 2011, 6:01 pm | BusinessDesk
March 21 (BusinessDesk) – Auckland International Airport Ltd.’s grab for more than a third of Queenstown Airport has fallen over as public opposition put too much pressure on the local council to go along with the plan. More >>
Tight Budget looms as Govt funds quake costs
Monday, 21 March 2011, 6:01 pm | BusinessDesk
March 21 (BusinessDesk) – Health and education will be the only areas to see significant new spending in this year’s Budget, and the $600 million to $800 million required will mostly come from spending cuts elsewhere, says Prime Minister John Key. More >>
APN says Queensland floods, ChCh quake cut A$9M off EBIT
Monday, 21 March 2011, 4:39 pm | BusinessDesk
March 21 (BusinessDesk) – APN News & Media, the publisher whose shares have shed a third of their value in the past 12 months, said the Queensland floods and Christchurch’s earthquake will shave about A$9 million from first quarter earnings. More >>
IMF more pessimistic than Treasury on NZ's economic growth
Monday, 21 March 2011, 4:21 pm | BusinessDesk
March 21 (BusinessDesk) – The International Monetary Fund is more pessimistic about New Zealand’s economic growth this year than the Treasury, picking an expansion of just 1% in 2011. More >>
Moody's changes Air NZ rating outlook to 'negative'
Monday, 21 March 2011, 2:53 pm | BusinessDesk
March 21 (BusinessDesk) - Air New Zealand's credit rating outlook was lowered to ‘negative’ from ‘stable’ because of the Christchurch and Japanese earthquakes and escalating jet fuel prices. More >>
