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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 933]
NZ dollar rises as investors see stability after election
Monday, 22 September 2014, 8:35 am | BusinessDesk
Sept. 22 (BusinessDesk) - The New Zealand dollar advanced after the incumbent centre-right National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue. More >>
World Week Ahead: Focus on US housing, GDP
Monday, 22 September 2014, 8:32 am | BusinessDesk
Sept. 22 (BusinessDesk) - A fresh commitment from US Federal Reserve policy makers to maintain its supportive stance for the accelerating pace of growth in the world’s economy has brightened the outlook for Wall Street and the greenback. More >>
NZ dollar gains, stocks may follow, after National victory
Monday, 22 September 2014, 7:15 am | BusinessDesk
Sept. 22 (BusinessDesk) - The New Zealand dollar rose and local stocks may follow after the National Party won an outright election victory, removing the risk of minor parties forcing through policies unpopular with financial markets. More >>
George Kerr to dilute stake in Pyne Gould share issue
Friday, 19 September 2014, 5:57 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Pyne Gould Corp's managing director George Kerr will dilute his stake in the financial services firm if it goes ahead with a planned share issue, which will increase its stake in Equity Partners Infrastructure Co No 1, the so-called ... More >>
MARKET CLOSE: NZ shares follow Wall Street higher
Friday, 19 September 2014, 5:32 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand shares rose in a global rally as Wall Street climbed to records overnight, while a falling New Zealand dollar further supported local stocks. Kathmandu Holdings rose, paced by Fletcher Building and A2 Milk Co. More >>
NZ dollar little changed on the week after Fed
Friday, 19 September 2014, 5:13 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback, after the prospect for higher US interest rates pushed the local currency to a seven-month low. More >>
Queenstown Airport heading for record 2014
Friday, 19 September 2014, 3:40 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Queenstown Airport Corp, the nation's fourth busiest airport, handled a record number of passengers this winter as it benefited from increased flights and capacity, prompting it to install a $450,000 'pop-up' tent structure ... More >>
Pacific Edge appoints McKinsey almumni Sitch to board
Friday, 19 September 2014, 2:17 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Pacific Edge, the non-invasive bladder cancer test maker, has appointed former McKinsey & Co consultant Charles Sitch to its board. More >>
NZ consumer confidence edges up in Sept from 10-month low
Friday, 19 September 2014, 1:47 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand consumer confidence rose in September from a 10-month low, as households adjust to a more moderate pace of economic growth. More >>
Vocus declares FX Networks acquisition unconditional
Friday, 19 September 2014, 1:45 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Vocus Communications, the ASX-listed telecommunications company, has declared its $115.8 million acquisition of privately owned New Zealand fibre optic cable network operator FX Networks unconditional. More >>
Goodman to spend $33.4M on developments
Friday, 19 September 2014, 12:53 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Goodman Property Trust, which is selling assets to fund development, will spend $33.4 million on four developments and has sold the Carter Holt Harvey Packaging Facility in Christchurch for $16.37 million to an undisclosed ... More >>
Council's Lyttelton Port takeover goes unconditional
Friday, 19 September 2014, 12:31 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Christchurch City Holdings, the city council's investment and infrastructure unit, has declared its takeover of Lyttelton Port Co unconditional after satisfying the last of its requirements. More >>
NZ net migration at annual record in August on big inflow
Friday, 19 September 2014, 10:55 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand’s annual net migration rose to a record in August, exceeding Treasury’s forecasts, and spurred by more migrant arrivals and the ongoing decline of Kiwis leaving for Australia. More >>
Chorus takes aim at 'Boost' criticisms
Friday, 19 September 2014, 10:18 am | BusinessDesk
Sept. 19 (BusinessDesk) - Chorus, the telecommunications network operator, has hit back at claims its proposed Boost variant services would breach the terms of its regulation, saying the regulator's legal advice is at odds with the law, and needs ... More >>
Greenlane Biogas sold to UK investor for $25mln
Friday, 19 September 2014, 9:53 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand exporter of biogas technology Greenlane Biogas has been sold to a listed UK company for $25 million. More >>
NZ dollar advances ahead of election; greenback sags on data
Friday, 19 September 2014, 8:36 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar advanced as investors bet on stability ahead of the general election tomorrow and as weaker US data weighed on the greenback. More >>
While you were sleeping: Wall Street hits records
Friday, 19 September 2014, 7:39 am | BusinessDesk
Sept. 19 (BusinessDesk) - Wall Street rose, pushing the Dow and S&P 500 to record highs, after a larger-than-expected drop in US jobless claims and the Federal Reserve’s fresh promise to keep interest rates low. More >>
MARKET CLOSE: NZ shares bounce from month-low; Spark gains
Thursday, 18 September 2014, 5:33 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. More >>
NZ dollar falls after Fed signals rates hikes are coming
Thursday, 18 September 2014, 5:05 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar fell after the Federal Reserve signalled rates hikes were on the cards in the coming year, fuelling demand for the greenback, and as the looming Scottish independence referendum and the local general election ... More >>
Crown extends clean-up promise to Solid Energy
Thursday, 18 September 2014, 4:29 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Commercially troubled state coal miner Solid Energy requires an extension of a government guarantee to meet the $103 million future cost of returning mined land to its pre-mined condition in order to maintain positive equity in its ... More >>
