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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 1659]
NZ Dollar Outlook: Kiwi may fall on Fed, NZ growth
Monday, 20 September 2010, 1:23 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may fall as more QE unlikely for Fed; NZ outlook bleak More >>
WEEKLY SPORTS DIGEST: Hosea Gear on form
Monday, 20 September 2010, 12:31 pm | BusinessDesk
13/09/10 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 >>
New Zealand service sector expands in August
Monday, 20 September 2010, 12:04 pm | BusinessDesk
Sept. 20 (BusinessDesk) – New Zealand’s service sector expanded, just, in August, led by new orders and increased sales activity, according to the latest BNZ-Business NZ Performance of Service Index. More >>
NZ GDP data will validate pause in rate hikes
Monday, 20 September 2010, 11:14 am | BusinessDesk
NZ’s tepid 2nd-qtr GDP will validate RBNZ’s weaker track for interest rates More >>
Pike seeks more funding, shares fall
Monday, 20 September 2010, 11:00 am | BusinessDesk
Sept. 20 (BusinessDesk) – Pike River Coal Ltd. shares dropped 3.6% after the coal mine developer said it requires more short-term funding to sustain its rate of underground mine development. More >>
Olam’s offer for Farming Systems now unconditional
Monday, 20 September 2010, 10:22 am | BusinessDesk
Sept.20 (BusinessDesk) – Olam International’s interest in NZ Farming Systems Uruguay Ltd. has reached 50.1%, the threshold needed to declare its takeover offer unconditional. More >>
Stocks to watch: AFF, AMP, DNZ, ECO, GPG, MCK, NZR
Monday, 20 September 2010, 9:37 am | BusinessDesk
Sept. 20 (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 drops below 73 cts on Irish debt concern
Monday, 20 September 2010, 9:14 am | BusinessDesk
Sept. 20 (BusinessDesk) – The New Zealand dollar dropped below 73 U.S. cents for the first time in almost a fortnight as concerns over Ireland’s debt sapped investors’ appetite for higher-yielding, or riskier, assets. More >>
Beefed-up Crown Minerals chases deep-sea hydrates
Monday, 20 September 2010, 9:02 am | BusinessDesk
Sept. 20 (BusinessDesk) – New Zealand oil and gas exploration will get a substantial boost in government resources, including funding to chase deep-sea methane hydrates that have yet to be commercially exploited anywhere in the world. More >>
MARKET CLOSE: NZ stocks rise to four-month
Friday, 17 September 2010, 6:17 pm | BusinessDesk
Sept. 17 (BusinessDesk) – New Zealand stocks rose to a four-month high as New Zealand Refining Ltd.’s better margins boosted the oil refiner. More >>
SCF attracts more than 150 inquiries
Friday, 17 September 2010, 5:11 pm | BusinessDesk
Sept. 17 (BusinessDesk) – South Canterbury Finance Ltd.’s assets have attracted more than 150 expressions of interest, and the receivers have invited submissions on proposals to advise them in the sell-off. More >>
Fonterra close to buying to Chinese farms
Friday, 17 September 2010, 3:37 pm | BusinessDesk
(BusinessDesk) – Fonterra Cooperative Group said it is in the final stages of due diligence on two dairy farms in China. More >>
DNZ boss collects $756,000 bonus in a month
Friday, 17 September 2010, 3:00 pm | BusinessDesk
Sept. 17 (BusinessDesk) – Less than a month since listing on the NZX, DNZ Property Fund Ltd. chief executive Paul Duffy has landed his first bonus: options for bonus shares worth $756,000 at today’s share price. More >>
Disgraced MP quits ACT, but not yet Parliament
Friday, 17 September 2010, 2:16 pm | BusinessDesk
Sept. 17 (BusinessDesk) – Disgraced ACT party MP David Garrett announced today he was quitting the party’s parliamentary caucus to stem the damage to its reputation, but has not at this stage quit Parliament. More >>
Marac on the cusp of bank grade credit rating
Friday, 17 September 2010, 2:01 pm | BusinessDesk
Marac on the cusp of bank grade credit rating Sept. 17 (BusinessDesk) – Marac Finance Ltd., the lending arm of Pyne Gould Corp., is on the cusp of regaining its investment grade credit rating after its junior partners in a bid to form a new bank ... More >>
Consumer confidence falls on SCF, quake
Friday, 17 September 2010, 11:32 am | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand consumer confidence declined in the third quarter, in the face of South Canterbury Finance’s failure and the South Island’s earthquake, according to the Westpac McDermott Miller Consumer Confidence poll. More >>
OIO pooh-poohs report it has shot down Crafar deal
Friday, 17 September 2010, 10:04 am | BusinessDesk
Sept. 17 (BusinessDesk) – The Overseas Investment Office has scotched media reports that it has recommended against Hong Kong-based Natural Dairy (NZ) Holdings’ bid to buy the Crafar family farms. More >>
NZ dollar extends fall on Bollard’s gloomy outlook
Friday, 17 September 2010, 9:33 am | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar continued to weaken in the wake of the Reserve Bank’s gloomy outlook on the economy, extending its decline against most major currencies overnight. More >>
Stocks to watch: AIR, FBU, NZO, NZS, NZX, PGC, SKT
Friday, 17 September 2010, 9:19 am | BusinessDesk
Sept. 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 >>
NZX details “multiple” hardware failures
Thursday, 16 September 2010, 4:46 pm | BusinessDesk
by Paul McBeth Sept. 16 (BusinessDesk) – NZX Ltd., which operates the stock exchange, says its clearing-house system wasn’t affected by a “failure in multiple hardware services” failure that disrupted index feeds until lunchtime today. More >>
