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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 936]
While you were sleeping: Stocks fall before Fed meeting
Tuesday, 16 September 2014, 6:38 am | BusinessDesk
Sept. 16 (BusinessDesk) - Wall Street fell while US Treasuries rose after a report showed a surprise decline in US industrial production a day before Federal Reserve policy makers begin their two-day meeting, which may offer new clues on the timing ... More >>
NSA whistleblower Snowden says kiwis are 'being watched'
Monday, 15 September 2014, 9:58 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Fugitive spying whistleblower Edward Snowden put in an appearance via the internet at tonight's Internet Party Moment of Truth event to back up his claims that mass surveillance of New Zealanders is already taking place ... More >>
Greenwald posts article on NZ spying allegations
Monday, 15 September 2014, 5:52 pm | BusinessDesk
Sept. 15 (BusinessDesk) - American journalist Glen Greenwald has released a story on The Intercept website entitled 'New Zealand launched mass surveillance project while publicly denying it'. More >>
MARKET CLOSE: NZ shares fall on global ructions, election
Monday, 15 September 2014, 5:40 pm | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand shares followed Asian markets lower as global ructions and Saturday's general election spooked investors. Pacific Edge led the decline, paced by Xero. Infratil gained on news it had sold its Australian electricity ... More >>
Pumpkin Patch hires Ezibuy's Steve Mackay as new CFO
Monday, 15 September 2014, 5:28 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Pumpkin Patch, the children's clothing retailer, has hired former Ezibuy executive Steve Mackay as its new chief financial officer. More >>
NZ dollar slips on weak Chinese data, may extend decline
Monday, 15 September 2014, 5:17 pm | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar fell after weak Chinese data dimmed the outlook for the world's second-biggest economy as traders awaited the US Federal Reserve meeting and local figures on growth and the balance of payments. More >>
Pop superstar Lady Gaga using Shuttlerock's kiwi software
Monday, 15 September 2014, 4:10 pm | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand visual marketing software company Shuttlerock has added Lady Gaga to its client list. More >>
Southern Cross tries to contain rising premiums after loss
Monday, 15 September 2014, 4:07 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Southern Cross Medical Care Society, the country's largest medical and health insurer, is planning to contain premium hikes this year through signing up more affiliated providers, cutting overheads through pushing claims online, ... More >>
NZX questions Vista's 24% gain in past two weeks
Monday, 15 September 2014, 2:40 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Vista Group International, the cinema software and data analytics company, has been issued a please explain by NZX regulators after its stock gained 24 percent since the start of the month. More >>
UPDATED: Feltex directors 'regret' shareholder losses
Monday, 15 September 2014, 1:32 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Former directors of Feltex Carpets say they regret the losses endured by shareholders in the failed carpet maker, while welcoming a High Court ruling that cleared them of liability for alleged disclosure failings in the ... More >>
NZ Dollar Outlook: Kiwi may decline on weaker local data
Monday, 15 September 2014, 12:20 pm | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar may decline this week, weighed down by weaker local data and a more positive view of the greenback. More >>
Southern Cross posts $1.1 mln loss after unexpected claims
Monday, 15 September 2014, 12:08 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Southern Cross Medical Care Society, New Zealand's largest medical and health insurer, has recorded a $1.1 million annual loss after higher than expected claims from members. More >>
Infratil shares gain on Australian energy sale
Monday, 15 September 2014, 11:55 am | BusinessDesk
Sept. 15 (BusinessDesk) - Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations, which will generate a $44 million fee for manager HRL Morrison ... More >>
Infratil shares gain on Aust energy sale, manager books fee
Monday, 15 September 2014, 11:52 am | BusinessDesk
Sept. 15 (BusinessDesk) - Infratil shares rose to the highest in more than six years on the prospect of a capital return after the A$605 million sale of its Australian energy operations for A$605 million, which will generate a $44 million fee for manager ... More >>
Trade Me to buy credit card processor Paystation
Monday, 15 September 2014, 11:48 am | BusinessDesk
Sept. 15 (BusinessDesk) - Trade Me Group, New Zealand's biggest internet auction site, has bought Wellington-based online credit card payments firm Paystation for an undisclosed sum. More >>
Feltex directors cleared over 2004 prospectus
Monday, 15 September 2014, 11:19 am | BusinessDesk
Sept. 15 (BusinessDesk) - The former directors of Feltex Carpets have been found not liable for alleged disclosure failings in the failed carpet-maker's 2004 prospectus in a representative lawsuit on behalf of 3,639 former shareholders. More >>
NZ service sector expands in August, retail trade subdued
Monday, 15 September 2014, 11:09 am | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand service sector activity expanded in August, with employment at its highest level since the survey began in 2007, though retail trade was subdued in the month. More >>
RESEND: NZ dollar falls vs. pound as Scottish polls back UK
Monday, 15 September 2014, 8:43 am | BusinessDesk
RESEND: NZ dollar falls below 50 British pence as polls favour Scotland staying in UK More >>
NZ dollar falls vs. pound as Scottish polls back UK link
Monday, 15 September 2014, 8:38 am | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar fell below the key 50 British pence level as weekend polls favouring Scotland remaining in the UK ahead of this week's vote strengthened the pound. More >>
Infratil sells Australian energy assets for A$605 mln
Monday, 15 September 2014, 8:37 am | BusinessDesk
Sept. 15 (BusinessDesk) - Infratil, the infrastructure investor, has sold its Australian energy assets to Snowy Hydro for A$605 million, plus an adjustment for final working capital. More >>
