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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 1639]
Rakon grabs more of growing telco markets
Thursday, 11 November 2010, 12:52 pm | BusinessDesk
Nov. 11 (BusinessDesk) – Rakon Ltd., the global manufacturer of signaling and timing crystals, is grabbing more of growing smart phone and fibre optic markets as its books returned to black. More >>
NZ manufacturing contracts, with some bright spots
Thursday, 11 November 2010, 11:40 am | BusinessDesk
Nov. 11 (BusinessDesk) – New Zealand manufacturing contracted for a third month as wood and paper producers stayed subdued, though conditions are on the turn upwards and exporters are mixed on the market outlook. More >>
GST hike pushes October food prices higher in NZ
Thursday, 11 November 2010, 11:36 am | BusinessDesk
Nov. 11 (BusinessDesk) - The price of food in New Zealand was pushed higher last month as effects of the increased GST tax rate filtered through to consumers with the costs of all subgroups rising in October. More >>
NZ house sales remain in slump, REINZ figures show
Thursday, 11 November 2010, 10:52 am | BusinessDesk
Nov. 11 (BusinessDesk) – New Zealand’s residential house sales resumed their slide last month as potential buyers continue to hold off from re-entering the market as households focus on repaying debt. More >>
DNZ posts $112.8 million first-half loss
Thursday, 11 November 2010, 10:39 am | BusinessDesk
Nov. 11 (BusinessDesk) - DNZ Property Fund's maiden result as a listed company was a $112.8 million net loss for the six months ended Sept. 30, from a loss of $11 million a year earlier. More >>
Rakon returned to profit as demand picks up
Thursday, 11 November 2010, 10:14 am | BusinessDesk
Nov. 11 (BusinessDesk) – Rakon Ltd., the high-tech electronic devices crystal manufacturers, returned to profit as demand for new technology reemerged after waning through the global downturn of the past couple of years. More >>
Xero extends first-half loss, hits turning point
Thursday, 11 November 2010, 10:12 am | BusinessDesk
Nov. 11 (BusinessDesk) - Xero Ltd., the online accounting software maker, extended its first-half loss and expects this to be the biggest as it moves towards breaking even next year. More >>
Stocks to watch: AIR, DNZ, KIP, RAK, TUR, XRO
Thursday, 11 November 2010, 9:53 am | BusinessDesk
Nov. 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 recovers as investors shun euro
Thursday, 11 November 2010, 9:23 am | BusinessDesk
Nov. 11 (BusinessDesk) – The New Zealand dollar recovered from its 1 cent slide yesterday as investors spurned the euro amid resurgent fears over the region’s sovereign debt. More >>
Air NZ escapes antitrust fines in Europe
Wednesday, 10 November 2010, 1:12 pm | BusinessDesk
Nov. 10 (BusinessDesk) – Air New Zealand has escaped censure from the European Commission after the body imposed fines totaling 800 million euros on 11 airlines for operating as a cartel. More >>
Bollard says RBNZ reviews scope for intervention
Wednesday, 10 November 2010, 12:54 pm | BusinessDesk
Nov. 10 (BusinessDesk) – The Reserve Bank of New Zealand has been watching the appreciation of the kiwi dollar and reviewing the prospects for intervention though Governor Alan Bollard says there are drawbacks. More >>
Hotels provide bright spot in accommodation survey
Wednesday, 10 November 2010, 11:38 am | BusinessDesk
Nov. 10 (BusinessDesk) – New Zealand hotels were the bright spot in last month’s accommodation survey, reporting a rise in guests when lower-cost alternatives saw a decline. More >>
Goodman Property first-half sales, earnings slip
Wednesday, 10 November 2010, 11:29 am | BusinessDesk
Nov. 10 (BusinessDesk) – Goodman Property Trust posted little-changed first-half revenue and said increased finance costs eroded its distributable earnings. More >>
Bollard talks down kiwi dollar
Wednesday, 10 November 2010, 10:55 am | BusinessDesk
Nov. 10 (BusinessDesk) – Reserve Bank Governor Alan Bollard said the market has misinterpreted recent data in its rush to buy kiwi dollars, taking too much heart from improving figures on jobs and retail sales. The kiwi dollar tumbled. More >>
Christchurch casino rejects SkyCity offer
Wednesday, 10 November 2010, 9:56 am | BusinessDesk
Nov. 10 (BusinessDesk) – The Christchurch casino company, Skyline Enterprises Ltd., has rejected an undisclosed cash offer from SkyCity Entertainment Group, SkyCity has told the NZX. More >>
NZ dollar falls as Bollard jawbones soaring kiwi
Wednesday, 10 November 2010, 9:54 am | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank of New Zealand said the strength of the currency was holding back a rebalancing of the economy. More >>
Stocks to watch: GMT, NZO, OGC, SKC, TEL
Wednesday, 10 November 2010, 9:51 am | BusinessDesk
Nov. 10 (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 >>
Strong kiwi dollar holding back economy: Bollard
Wednesday, 10 November 2010, 9:12 am | BusinessDesk
Nov. 10 (BusinessDesk) – Reserve Bank Governor Alan Bollard led with his jaw in the latest financial stability report, saying the strong kiwi dollar is holding back the rebalancing of the economy, though the country’s financial system is improving. More >>
NZ electronic card spending rises 0.8%
Tuesday, 9 November 2010, 12:37 pm | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealand consumers lifted purchases on their debit and credit cards last month, though the gains may largely reflect an increase in fuel excise rather than a revival for retailers. More >>
Xero’s Drury ‘very pleased’ with broker support
Tuesday, 9 November 2010, 12:17 pm | BusinessDesk
Nov. 9 (BusinessDesk) – Xero Ltd., the online accounting software maker, is “very pleased” with the support the company has received from the broking community and rejects suggestions it has struggled to get institutions on board, says chief executive ... More >>
