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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 1640]
ANZ brings old ING business in-house, Troup leaves
Tuesday, 9 November 2010, 10:58 am | BusinessDesk
Nov. 9 (BusinessDesk) – ANZ New Zealand, the country’s biggest lender, is bringing the old ING New Zealand Ltd. unit in-house a year after the Australian parent bank bought the remaining 51% of the trans-Tasman funds manager it didn’t own. More >>
Kiwis fixed-line phone call costs outstrip OECD
Tuesday, 9 November 2010, 10:47 am | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealanders are paying an average of 26% more for telephone calls from landlines than in other developed countries, according to the Commerce Commission. More >>
Wakefield 1H earnings fall as demand wanes
Tuesday, 9 November 2010, 10:37 am | BusinessDesk
Nov. 9 (BusinessWire) - Wakefield Health Ltd. posted a 21% decline in first-half earnings, once one-time tax and interest rate swap adjustments are removed, as the tepid economic recovery curbed demand for private health services. More >>
RBNZ pulls last liquidity facility
Tuesday, 9 November 2010, 10:30 am | BusinessDesk
Nov. 9 (BusinessDesk) - The Reserve Bank of New Zealand is doing away with the last remaining temporary liquidity facility put in place during the financial crisis, now that banks are able to access funding through traditional sources. More >>
Stocks to watch: AIA, OGC, PGG, RAK, SAT, SKC, TEL
Tuesday, 9 November 2010, 9:50 am | BusinessDesk
Nov. 9 (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 slips on resurgent Euro-zone debt fears
Tuesday, 9 November 2010, 9:21 am | BusinessDesk
Nov. 9 (BusinessDesk) – The New Zealand dollar slipped below 79 U.S. cents as amid resurgent fears about the state of Europe’s sovereign debt. More >>
Auckland Airport tests US investor sentiment
Monday, 8 November 2010, 3:27 pm | BusinessDesk
Auckland Airport gains as US investor sentiment tested Nov. 8 (BusinessDesk) – Auckland International Airport Ltd., the country’s main gateway, is testing American appetite for debt as it looks to roll over upcoming bank loans. More >>
Kiwifruit consolidation likely as shares halted
Monday, 8 November 2010, 2:26 pm | BusinessDesk
Nov. 5 (BusinessDesk) – The trading halt on Satara Cooperative Group and Seeka Kiwifruit Industries Ltd. shares is likely to herald an announcement of further consolidation among major kiwifruit growers, according to market commentators. More >>
NZ Dollar Outlook: Kiwi to have run at 80 U.S. cts
Monday, 8 November 2010, 1:54 pm | BusinessDesk
NZ Dollar Outlook: Kiwi to have run at 80 U.S. cents as Fed presses whir More >>
NZ property values slide for seventh month: QV
Monday, 8 November 2010, 1:26 pm | BusinessDesk
Nov. 8 (BusinessDesk) – New Zealand property values declined for a seventh straight month, with no sign of the traditional spring pickup and little prospects of gains before the end of the year. More >>
Quarantine for orchard as kiwifruit canker found
Monday, 8 November 2010, 1:09 pm | BusinessDesk
Nov 8 (BusinessDesk) –Kiwifuit growers face a two day wait to determine whether a canker found on a North Island orchard is the highly destructive Pseudomonas syringaepvactinidiae (Psa). More >>
Kiwis spent more in October as GST rose
Monday, 8 November 2010, 12:11 pm | BusinessDesk
Nov. 8 (BusinessDesk) – New Zealanders increased spending last month, the first since tax changes took effect, with figures from Paymark indicating a pick-up in sales beyond the tax impact. More >>
Govt accounts show GST bonanza didn't eventuate
Monday, 8 November 2010, 11:35 am | BusinessDesk
Nov. 8 (BusinessDesk) – New Zealand’s budget cash deficit was wider than forecast in the third quarter as an expected surge in spending ahead of the increase in GST failed to eventuate and companies paid less tax. More >>
Satara, Seeka shares halted pending statements
Monday, 8 November 2010, 10:41 am | BusinessDesk
Nov. 8 (BusinessDesk) – Shares in Satara Cooperative Group and Seeka Kiwifruit Industries Ltd. have been placed in a trading halt on the New Zealand stock exchange, pending a material announcement from the two fruit growers. More >>
NZ dollar pares gain as US jobs stoke greenback
Monday, 8 November 2010, 10:03 am | BusinessDesk
NZ dollar pares gain as US jobs stoke greenback; Key sees kiwi at 80 US cts More >>
Stocks to watch: BGR, CVT, FPH, MHI, OGC, OIC
Monday, 8 November 2010, 9:40 am | BusinessDesk
Nov. 8 (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 >>
WEEKLY SPORTS DIGEST: Black Caps in with a chance
Monday, 8 November 2010, 9:33 am | BusinessDesk
08/11/10 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: Momentum intact
Monday, 8 November 2010, 8:56 am | BusinessDesk
Nov. 7 (BusinessDesk) - U.S. stocks are expected to extended their rally, amid signs that the U.S. recovery is gathering steam and with the knowledge that the Federal Reserve is ready to further bolster growth. More >>
MARKET CLOSE: NZ stocks fall as kiwi dollar gains
Friday, 5 November 2010, 5:58 pm | BusinessDesk
Nov. 5 (BusinessDesk) – New Zealand stocks fell for a second session, as the kiwi dollar’s ascent to the 29-month high sapped enthusiasm for companies dependent on export earnings such as Fisher & Paykel Healthcare Corp. and Nuplex Industries ... More >>
PMP seeks permission to buy APN’s printing set
Friday, 5 November 2010, 4:20 pm | BusinessDesk
Nov. 5 (BusinessDesk) – PMP Print Ltd., which produces catalogues, magazines, books, directories and newspapers, has applied to the Commerce Commission for clearance to buy APN News & Media Ltd.’s Manukau heat set printing assets. More >>
