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BusinessDesk - Latest News [Page 1650]

SMELLIE SNIFFS THE BREEZE: Smellsianism's future

Wednesday, 13 October 2010, 12:53 pm | BusinessDesk

Oct. 13 (BusinessDesk) – It’s a mark of branding success when a business reporter’s rejection of a life-time’s adherence to “the free market” provokes a frisson of shock and surprise down here in what’s laughingly referred to as the Wellington ... More >>

NZ food prices rose last month led by fruit, veges

Wednesday, 13 October 2010, 11:34 am | BusinessDesk

Oct. 13 (BusinessDesk) – Rising prices of green-leaf vegetables helped lift food prices higher last month as wild weather hit some crop-producing regions. More >>

Stocks to watch: ARG, DIL, JWI, NZX, NPX, TEL

Wednesday, 13 October 2010, 9:43 am | BusinessDesk

Oct. 13 (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 >>

Telecom wins concessions that help UFB bid

Wednesday, 13 October 2010, 9:42 am | BusinessDesk

Oct. 13 (BusinessDesk) - Communications and information minister Steven Joyce has approved a fourth variation to Telecom Corp.’s operational separation undertakings, which helps clear the way for New Zealand biggest telephone company to participate ... More >>

NZ dollar gains as FOMC minutes point to more QE

Wednesday, 13 October 2010, 9:19 am | BusinessDesk

Oct. 13 (BusinessDesk) – The New Zealand dollar gained as the minutes from the last Federal Open Market Committee meeting stoked speculation the central bank will embark on a second round of asset purchases when it meets next month. More >>

NZX clocks up first dairy futures trade

Tuesday, 12 October 2010, 5:24 pm | BusinessDesk

NZX clocks up first dairy futures trade Oct. 12 (BusinessDesk) – NZX Ltd., the stock exchange operator and regulator, saw the first active trading on its new dairy futures platform today. More >>

NZ Super Fund defends performance

Tuesday, 12 October 2010, 4:18 pm | BusinessDesk

Oct. 12 (BusinessDesk) – New Zealand Superannuation Fund, which is betting 80% of its $16.2 billion of investments on a rebound in global economic growth, has defended its performance after undershooting its benchmarks. More >>

Telecom “sharpening pencil” on UFB bid

Tuesday, 12 October 2010, 4:11 pm | BusinessDesk

Oct. 12 (BusinessDesk) – Telecom Corp. is re-pricing its bid for involvement in the national ultra-fast broadband initiative, and hopes to hear within weeks whether it will be chosen as a partner in the $1.8 billion government-sponsored project. More >>

U.S. dollar parity a ‘serious prospect’ for kiwi

Tuesday, 12 October 2010, 3:03 pm | BusinessDesk

Oct. 12 (BusinessDesk) – The kiwi dollar has a “serious prospect” of reaching parity with the U.S. dollar as the global economy rebalances itself in favour of economies that produce raw materials, says AMP Capital Investors chief economist ... More >>

Wild currency ride pushes Reserve Bank to loss

Tuesday, 12 October 2010, 1:19 pm | BusinessDesk

Oct. 12 (BusinessDesk) – The Reserve Bank of New Zealand reported a loss of $111 million for the year to June 30, thanks to large, unrealised foreign currency losses. The bank reported a $906 million net profit in 2008/09. More >>

Foreign visitors boost hotel nights in August

Tuesday, 12 October 2010, 11:51 am | BusinessDesk

Oct. 12 (BusinessDesk) – New Zealand’s hotels reported a 7% increase in overnight guest stays in August, propped up by more overseas visitors amid a slide in domestic guest nights. More >>

Trade financing costs set to soar under Basel III

Tuesday, 12 October 2010, 11:08 am | BusinessDesk

Oct. 12 (BusinessDesk) –New Zealand businesses will find it harder to fund their export operations with the cost of trade finance set to soar fivefold under the new capital ratios proposed by Basel III, according to credit reference agency Dun & ... More >>

Diligent reaches break-even in third quarter

Tuesday, 12 October 2010, 9:41 am | BusinessDesk

Oct. 12 (BusinessDesk) - Start-up software company Diligent Board Member Services Inc. says it achieved its goal of breaking even at the cashflow level in the September quarter. More >>

Stocks to watch: CAV, HBY, IFT, PRC, SCT, WFT

Tuesday, 12 October 2010, 9:25 am | BusinessDesk

Oct. 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 >>

NZ dollar holds above 75 cts on China bank move

Tuesday, 12 October 2010, 9:13 am | BusinessDesk

NZ dollar holds above 75 US cts as China toughens up on banks, Fed speaks More >>

MARKET CLOSE: NZ stocks rise; Pike River leads

Monday, 11 October 2010, 5:55 pm | BusinessDesk

Oct. 11 (BusinessDesk) – New Zealand stocks rose for the second time in three sessions, lead by Pike River Coal Ltd., after the company said it is on track to ramp up its hydro-mining production. Broader influences from offshore markets were subdued with ... More >>