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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 1615]
NZ Dollar Outlook: Kiwi may break 78 cts on commodity prices
Monday, 17 January 2011, 2:28 pm | BusinessDesk
Jan. 17 (BusinessDesk) – The New Zealand dollar will probably test 78 U.S. cents this week as the currency rides the wave of stronger prices for raw materials. More >>
Morrice to retire from Warehouse in 2011
Monday, 17 January 2011, 1:08 pm | BusinessDesk
Jan. 17 (Businessdesk) - Warehouse Group chief executive Ian Morrice plans to retire this year in a move that New Zealand biggest listed retailer said was unrelated to the company’s poor performance. More >>
AMP-Axa merger in minority shareholders’ best interests
Monday, 17 January 2011, 12:51 pm | BusinessDesk
Jan. 17 (BusinessDesk) – Wealth manager AMP Ltd.’s A$13.3 billion bid for rival Axa Asia Pacific Holdings is in the best interests of minority shareholders, according to the deal’s independent expert report. More >>
NZ food prices fall for second month, rise on the year
Monday, 17 January 2011, 11:55 am | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand food prices fell for a second month in December, trimming the gain in the annual grocery bill. More >>
LanzaTech signs MOU with Indian's largest oil refiner
Monday, 17 January 2011, 11:12 am | BusinessDesk
Jan. 17 (BusinessDesk) - Kiwi clean-energy company LanzaTech has signed a deal with Indian Oil Corp., that nation’s biggest refiner, to test the ability of its gas fermentation technology to produce fuel grade ethanol. More >>
Stocks to watch: BTU, CHA, GFF, NZO, TEL, WHS
Monday, 17 January 2011, 9:40 am | BusinessDesk
Jan. 17 (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 China tightens lending, eyes inflation
Monday, 17 January 2011, 9:22 am | BusinessDesk
Jan. 17 (BusinessDesk) – The New Zealand dollar fell as China tightened its lending requirements for the fourth time in two months amid rising inflation fears in the world’s second-biggest economy. More >>
World Week Ahead: Banking on better days
Monday, 17 January 2011, 7:36 am | BusinessDesk
Jan. 17 (BusinessDesk) - The headline numbers on the profitability of America’s biggest banks are fuelling optimism that the U.S. economy is continuing to improve, and providing the catalyst for still higher share prices. More >>
MARKET CLOSE: NZ stocks follow global markets lower
Friday, 14 January 2011, 5:48 pm | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealand stocks fell for the first time this week, following global markets lower as a bigger-than-forecast increase in U.S. jobless claims cooled investors' appetite for higher-yielding, or riskier, assets. Restaurant Brands NZ ... More >>
Qantas settles freight collusion action for US$26.5 mln
Friday, 14 January 2011, 5:09 pm | BusinessDesk
Jan. 14 (BusinessDesk) – Qantas Airways Ltd., Australia’s national carrier, has agreed to pay US$26.5 million to settle a class action for its role in colluding on air freight forwarding prices into America. More >>
Warehouse results set executive shakeup rumours flying
Friday, 14 January 2011, 2:45 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Rumours of an executive level shake up at the Warehouse Group are beginning to circulate among fund managers and brokers after poor Christmas sales forced New Zealand's biggest listed retailer to cut its interim earnings forecast. More >>
Charlie’s steps up Coles contract, shares gain
Friday, 14 January 2011, 2:34 pm | BusinessDesk
Jan. 14 (BusinessDesk) – Charlie’s Group, which manufactures Charlie’s juice and Phoenix Organic soft-drinks, has boosted its product range across 750 Australian Coles supermarkets. More >>
Closing Pike River Coal mine worst case scenario: receiver
Friday, 14 January 2011, 11:01 am | BusinessDesk
Jan. 14 (BusinessDesk) – Closing the Pike River coal mine and handing the land back to the government is the worst-case scenario, according to the company’s receiver. More >>
Dumped Farming Systems chairman pops up at Dairy Holdings
Friday, 14 January 2011, 10:53 am | BusinessDesk
Jan. 13 (BusinessDesk) – John Parker, who was dumped as chairman of NZ Farming Systems Uruguay Ltd. this week, has popped up on the board of another dairy company – Dairy Holdings Ltd. More >>
NZ shutters would-be ASX rival
Friday, 14 January 2011, 10:45 am | BusinessDesk
by Jason Krupp Jan. 14 (BusinessDesk) - NZX Ltd., the New Zealand securities market operator, has thrown in the towel on AXE ECN, an electronic trading platform that was to have launched in Australia as an alternative the ASX. More >>
Stocks to watch: ABA, ALF, FBU, NPX, NZX, SAT
Friday, 14 January 2011, 9:42 am | BusinessDesk
Stocks to watch: ABA, ALF, FBU, NPX, NZX, SAT Jan. 14 (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 European inflation moves and commodities
Friday, 14 January 2011, 9:10 am | BusinessDesk
Jan. 14 (BusinessDesk) – The New Zealand dollar gained as the European Central Bank said it will still raise interest rates to rein in inflation, while record prices for locally produced commodities renewed appetite for the kiwi. More >>
MARKET CLOSE: NZ shares rise on global rally
Thursday, 13 January 2011, 6:04 pm | BusinessDesk
Jan. 13 (BusinessDesk) - New Zealand shares rose to a 28-month high, after a strong rally on global equity markets in the wake of Portugal's successful bond auction stoked investor appetites for higher yielding assets. Michael Hill International ... More >>
NZ commodity prices break new record in December: ANZ
Thursday, 13 January 2011, 3:27 pm | BusinessDesk
Jan. 13 (BusinessDesk) – New Zealand-produced raw materials reached a new record high last month as global demand for commodities was solid at the end of last year, according to the ANZ Commodity Price Index. More >>
NZ property values turn negative in December: QV
Thursday, 13 January 2011, 1:36 pm | BusinessDesk
by Paul McBeth Jan. 13 (BusinessDesk) – New Zealand property values extended their decline in December for a ninth month, with the outlook still subdued for 2011, according to government valuer Quotable Value Ltd. More >>
