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BusinessDesk - Latest News [Page 932]

NZ dollar holds near 7-month low as Fonterra results awaited

Tuesday, 23 September 2014, 5:05 pm | BusinessDesk

Sept. 23 (BusinessDesk) - The New Zealand dollar, which has dropped along with other so-called commodity currencies on concern China's economic growth is slowing, held near its lowest levels in seven months before Fonterra Cooperative Group's annual ... More >>

Beef prices surge to record on US demand for hamburgers

Tuesday, 23 September 2014, 3:42 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Prices for beef used in hamburger patties in the US are likely to hold at elevated levels after surging to a record in the past year as drought-ridden American farmers rebuild their herds, boding well for kiwi farmers, an analyst says. More >>

Pyne Gould, EPIC lock horns before vote on sacking directors

Tuesday, 23 September 2014, 12:44 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Pyne Gould Corp and Equity Partners Infrastructure Co No 1, better known as the EPIC fund, are in a war of words ahead of a special meeting where Pyne Gould is seeking to dump the fund's board. More >>

Official Assignee to oppose lifting Serepisos's bankruptcy

Tuesday, 23 September 2014, 11:49 am | BusinessDesk

Sept. 23 (BusinessDesk) - The Official Assignee has filed papers in the High Court opposing the automatic discharge of high-profile property developer Terry Serepisos from bankruptcy next month. More >>

Kathmandu FY profit drops 4.5%, sees Australasian growth

Tuesday, 23 September 2014, 11:24 am | BusinessDesk

Sept. 23 (BusinessDesk) - Kathmandu Holdings, which today posted a 4.5 percent decline in annual profit, said Australasian earnings should rise in the coming year although overall profit at the outdoor equipment retailer may be dented by investment spending. More >>

GeoOp CEO Graham steps down to take US role with company

Tuesday, 23 September 2014, 11:05 am | BusinessDesk

Sept. 23 (BusinessDesk) - GeoOp chief executive Leanne Graham has resigned 11 months after the small business app developer listed on the New Zealand Alternative Index and will take a new role with the company leading its push into the US. The shares ... More >>

SLI shareholders sell 6.8% of company below IPO price

Tuesday, 23 September 2014, 10:16 am | BusinessDesk

Sept. 23 (BusinessDesk) - Initial shareholders of SLI Systems, the search engine developer, have sold 6.8 percent of the company at the end of a 16-month lock-up period at 23 percent below last year's offer price. More >>

NZ Refining says proposed strike could cost $8-$9 mln

Tuesday, 23 September 2014, 9:56 am | BusinessDesk

Sept. 23 (BusinessDesk) - New Zealand Refining, the nation's only oil refinery, said two unions representing 160 of its workers, or about half its workforce, have served notice of a two-day strike next month, a move that could result in $8 million to ... More >>

Ex-OPI Finance auditor at odds with receiver over settlement

Tuesday, 23 September 2014, 9:19 am | BusinessDesk

Sept. 23 (BusinessDesk) - Investors in OPI Pacific Finance are still in the dark over the value of a potential deal with the failed lender's former auditor after ASX-listed Crowe Horwath rejected the OPI receiver's version of the settlement. More >>

NZ dollar falls on concern over Chinese growth

Tuesday, 23 September 2014, 8:44 am | BusinessDesk

Sept. 23 (BusinessDesk) - The New Zealand dollar fell alongside the Australian and Canadian dollars on concern slowing growth in China would reduce demand for the countries' commodities. More >>

While you were sleeping: US home sales drop

Tuesday, 23 September 2014, 7:21 am | BusinessDesk

Sept. 23 (BusinessDesk) - Equities on both sides of the Atlantic declined, along with commodities including nickel, copper, and oil after an unexpected drop in US existing home sales and comments by China suggesting it might not aim to bolster ... More >>

MARKET CLOSE: NZ shares soar on election result, led by MRP

Monday, 22 September 2014, 5:37 pm | BusinessDesk

Sept. 22 (BusinessDesk) - New Zealand shares jumped, led by MightyRiverPower, after the National Party's convincing election victory on the weekend wiped out any regulatory fears for the power companies. Meridian Energy, Genesis Energy and Contact Energy ... More >>

NZ dollar gains on National Party election win

Monday, 22 September 2014, 5:03 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The New Zealand dollar gained after the incumbent National Party won a convincing election victory on the weekend, instilling confidence in the administration's ability to continue pursuing its policy programme. More >>

Crowd-funded film, The Patriarch, extends investor deadline

Monday, 22 September 2014, 4:48 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The backers of 'The Patriarch', a film to be directed by Lee Tamahori, have extended the equity crowd funding deadline by two weeks to raise a minimum of $300,000 of the movie's total $9.4 million budget. More >>

NZ Dollar Outlook: Kiwi set to take a breather in quiet week

Monday, 22 September 2014, 12:36 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The New Zealand dollar is lacking strong drivers this week after volatile trading last week on the back of several major events More >>

Statutory managers end Hubbard's Aorangi with 99% recovery

Monday, 22 September 2014, 12:07 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The statutory managers of Aorangi Securities, one of the failed vehicles in the stable formerly run by Timaru businessman Allan Hubbard, has been wrapped up with just above 99 percent recovered for the 400 or so investors. More >>