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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 882]
Buller loses bid to claw back interest from Brightwater
Tuesday, 16 December 2014, 4:41 pm | BusinessDesk
Buller loses bid to claw back interest on $4 mln from Brightwater over escarpment plans More >>
Economy can grow faster than thought before inflation bites
Tuesday, 16 December 2014, 1:01 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Economic growth is expected to average a historically high annual rate of 2.8 percent over the next five years, although growth will peak in the year to March 2015 at a slightly lower level than was forecast in the budget ... More >>
NZ govt shunts out return to surplus to 2016
Tuesday, 16 December 2014, 1:01 pm | BusinessDesk
Dec. 16 (BusinessDesk) - The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, ... More >>
NZ dairy herd rises to record 6.7M as sheep flock falls
Tuesday, 16 December 2014, 12:31 pm | BusinessDesk
NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M More >>
Comvita shareholders exercise 5.6M of 6.9M rights on offer
Tuesday, 16 December 2014, 10:53 am | BusinessDesk
Dec. 16 (BusinessDesk) - Comvita said shareholders exercised 5.6 million of the 6.9 million of rights under its 1 for 5 offer, and the remainder will now be offered to other investors under a shortfall bookbuild. More >>
Vodafone NZ appoints expat Mark Aue as new CFO
Tuesday, 16 December 2014, 10:44 am | BusinessDesk
Vodafone NZ appoints expat Mark Aue as new CFO after de la Feunte returns to Spain More >>
Goodman sells Enterprise Park in Wiri for $53.2 million
Tuesday, 16 December 2014, 10:26 am | BusinessDesk
Dec. 16 (BusinessDesk) - Goodman Property Trust, New Zealand's largest listed property investor by market value, has sold Enterprise Park in Wiri for $53.2 million to an undisclosed buyer. More >>
MRP to quit Chilean, German geothermal investments
Tuesday, 16 December 2014, 9:06 am | BusinessDesk
Dec. 16 (BusinessDesk) - MightyRiverPower, the first of the state-owned power companies to be partially privatised last year, will quit its geothermal investments in Chile and Germany, while sticking with its interests in the US. More >>
NZ dollar falls vs. yen in face of oil's decline
Tuesday, 16 December 2014, 8:41 am | BusinessDesk
NZ dollar falls vs. yen as investors seek haven in face of oil's decline More >>
Tower talks down impact of Supreme Court valuation ruling
Tuesday, 16 December 2014, 8:40 am | BusinessDesk
Dec. 16 (BusinessDesk) - Tower, the insurer which sold its health, life, and investment units to focus on general insurance, has talked down yesterday's Supreme Court ruling on how to value the replacement costs of a house, saying it doesn't expect a material ... More >>
While you were sleeping: Oil slick spreads
Tuesday, 16 December 2014, 7:51 am | BusinessDesk
Dec. 16 (BusinessDesk) - Wall Street swung from gains to losses as investors took positions as US Federal Reserve policy makers prepared to start a two-day meeting on Tuesday, and as oil prices continued their free-fall. More >>
Failed airline entrepreneur Ewan Wilson targets regions
Monday, 15 December 2014, 5:39 pm | BusinessDesk
Dec. 15 (BusinessDesk) - Ewan Wilson, the founder of failed mid-1990s Kiwi Travel International Airlines, is eyeing up investors to take on at least some of the regional air routes being abandoned by Air New Zealand, with the principals of imported used ... More >>
MARKET CLOSE: NZ shares drop in global sell-off; Xero falls
Monday, 15 December 2014, 5:32 pm | BusinessDesk
Dec. 15 (BusinessDesk) - New Zealand shares fell in a global sell-off, paced by Xero, Westpac Banking Corp and Meridian Energy as falling oil and dairy prices and a hostage situation in Sydney weighed on investors. More >>
Port of Napier FY profit rises 14% to record on more cargo
Monday, 15 December 2014, 5:11 pm | BusinessDesk
Dec. 15 (BusinessDesk) - Port of Napier posted a 14 percent gain in annual profit to a record after increasing container and bulk cargo volumes, allowing New Zealand's fourth-largest container port to increase dividends to its Hawke's Bay Regional Council ... More >>
NZ dollar falls as traders eye Fed meeting
Monday, 15 December 2014, 5:11 pm | BusinessDesk
Dec. 15 (BusinessDesk) - The New Zealand dollar fell as traders mulled the prospects for an optimistic US Federal Reserve primed to raise interest rates when it reviews policy this week, which would stoke demand for the greenback. More >>
University of Canterbury settles earthquake insurance claim
Monday, 15 December 2014, 4:24 pm | BusinessDesk
Dec. 15 (BusinessDesk) - The University of Canterbury can claim $550 million to cover the damage wrought by the series of earthquakes in 2010 and 2011 after reaching an agreement with its insurers. More >>
Greenback slips to third in NZ's expanded TWI, yuan second
Monday, 15 December 2014, 3:26 pm | BusinessDesk
Dec. 15 (BusinessDesk) - The US dollar's weighting has slipped in the Reserve Bank of New Zealand's new trade-weighted index, which adds the Chinese yuan to a line-up of 17 currencies skewed to Asia and intended to more accurately reflect New Zealand's ... More >>
Trustpower committed to Australian renewables projects
Monday, 15 December 2014, 2:34 pm | BusinessDesk
Dec. 15 (BusinessDesk) - Tauranga-based electricity company Trustpower says it remains committed to its renewable energy projects in Australia, in spite of the uncertainty created by the review of the Renewable Energy Targets policy by the federal government. More >>
KIP unitholders overwhelmingly approve corporatisation
Monday, 15 December 2014, 1:09 pm | BusinessDesk
Dec. 15 (BusinessDesk) - Kiwi Income Property Trust unitholders have overwhelmingly voted in favour of corporatisation, completing a year-long transformation that saw the property trust taking management in house by buying out Commonwealth Bank of ... More >>
NZ services sector slows in November, still in expansion
Monday, 15 December 2014, 11:21 am | BusinessDesk
Dec. 15 (BusinessDesk) - New Zealand's services sector expansion slowed in November, while remaining in expansion, adding to evidence the economy is slowing to a more moderate pace of growth. More >>
