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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 972]
NZ core retail spending on credit, debit cards slips in June
Wednesday, 9 July 2014, 11:35 am | BusinessDesk
July 9 (BusinessDesk) - New Zealand core retail spending on debit and credit cards fell in June for the first time in four months as declines in purchases of durables and apparel offset gains in hospitality. More >>
Hanover court date set for July 2015
Wednesday, 9 July 2014, 11:05 am | BusinessDesk
July 9 (BusinessDesk) - The directors and promoters of the failed Hanover Finance group of companies will have their day in court in the middle of next year, more than three years after civil proceedings were filed against them by the Financial ... More >>
Few bargains fairly valued NZ market: Morningstar
Wednesday, 9 July 2014, 10:15 am | BusinessDesk
July 9 (BusinessDesk) – Bargains are hard to find in the New Zealand share market as it is fairly valued overall and the electricity sector has recovered to be trading close to fair value, according to Morningstar. More >>
Fitch revises outlook on NZ’s credit rating to positive
Wednesday, 9 July 2014, 9:21 am | BusinessDesk
July 9 (BusinessDesk) – Fitch Ratings has revised the outlook on New Zealand’s credit rating to positive from stable, citing improved government accounts while recognising the country’s exposure to China and Australia as a risk. More >>
NZ dollar jumps above 88 US cents after Fitch upgrades
Wednesday, 9 July 2014, 8:40 am | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar jumped above the 88 US cent level it has been flirting with for the past few weeks after credit ratings agency Fitch Ratings reaffirmed the country's AA rating and upgraded its outlook to positive from ... More >>
While you were sleeping: Stocks extend slide
Wednesday, 9 July 2014, 7:50 am | BusinessDesk
July 9 (BusinessDesk) - Wall Street slid for a second straight day from record highs as investors locked in profits ahead of the minutes of the latest US Federal Reserve meeting scheduled for release on Wednesday to gauge the timing of a rate increase. More >>
MARKET CLOSE: NZ shares fall, led by NZOG on abandoned well
Tuesday, 8 July 2014, 5:48 pm | BusinessDesk
Jul. 8 (BusinessDesk) - New Zealand shares fell, led by New Zealand Oil & Gas after it pulled the pin on its latest exploratory well, and as investors prepare for the pointy end of a raft of new listings and the upcoming earnings season. More >>
NZ dollar little changed after business confidence dips
Tuesday, 8 July 2014, 5:20 pm | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar was little changed in local trading after business confidence dipped from a 20-year high, while remaining relatively upbeat. More >>
Property For Industry buys Wellington site for $15.3 million
Tuesday, 8 July 2014, 2:45 pm | BusinessDesk
July 8 (BusinessDesk) - Property For Industry, which increased its portfolio by two-thirds last year through a merger with Direct Property Fund, will spend $15.3 million on a Wellington property after selling $12.2 million worth of non-core properties in ... More >>
Michael Hill annual sales rise at fastest pace in 3 years
Tuesday, 8 July 2014, 12:39 pm | BusinessDesk
July 8 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, increased sales 9.7 percent last year, the fastest pace in three years. More >>
Harmoney gets first peer-to-peer lending licence
Tuesday, 8 July 2014, 12:35 pm | BusinessDesk
July 8 (BusinessDesk) - The Financial Markets Authority has awarded its first peer-to-peer lending licence to Harmoney, and expects to license an equity crowd funding platform "shortly". More >>
Early signs India-NZ free trade deal is back on: Groser
Tuesday, 8 July 2014, 10:26 am | BusinessDesk
July 8 (BusinessDesk) - The newly elected government in India is giving cautious signals that the stalled free trade agreement with New Zealand will come back onto the agenda, although it will have to include a commitment to competitive markets ... More >>
NZ business confidence falls from 20-year high in 2Q
Tuesday, 8 July 2014, 10:14 am | BusinessDesk
July 8 (BusinessDesk) - New Zealand business confidence declined from a 20-year high in the second quarter as economic growth moderates. More >>
NZ govt operating deficit bigger than expected as tax take l
Tuesday, 8 July 2014, 10:13 am | BusinessDesk
Jul. 8 (BusinessDesk) - The New Zealand government posted a bigger operating deficit than forecasts in the May Budget, as company tax and GST again lagged expectations. More >>
NZ dollar gains as sentiment wanes after Independence Day
Tuesday, 8 July 2014, 8:48 am | BusinessDesk
July 8 (BusinessDesk) - The New Zealand dollar advanced on a weaker greenback as sentiment waned after US traders returned to work following the Independence Day holiday on Friday. More >>
While you were sleeping: Wall Street fears rate increase
Tuesday, 8 July 2014, 7:52 am | BusinessDesk
July 8 (BusinessDesk) - Wall Street fell, pushing bench market indexes from record highs, on concern the US Federal Reserve might lift its key interest rate sooner than expected amid consistent signs of solid growth in the world’s largest economy. More >>
NZX's new market gets ministerial go-ahead
Monday, 7 July 2014, 6:21 pm | BusinessDesk
July 7 (BusinessDesk) - Commerce Minister Craig Foss has given the go-ahead on alternative disclosure requirements for the New Zealand stock market operator's proposed "new market". More >>
MARKET CLOSE: NZ shares drift as Metroglass IPO lines up
Monday, 7 July 2014, 5:56 pm | BusinessDesk
July 7 (BusinessDesk) - New Zealand shares fell marginally on low volumes as local holidays and the Friday US Independence Day closure kept investors on the sidelines, albeit domestically focused specialty glass provider Metro Performance Glass issued ... More >>
New Zealand dollar falls on US rate hike speculation
Monday, 7 July 2014, 5:21 pm | BusinessDesk
July 7 (BusinessDesk) - The New Zealand dollar fell after last week's strong US employment data stoked market speculation the Federal Reserve will move to hike interest rates sooner than expected. More >>
Telecom takes a bite of App La Carte
Monday, 7 July 2014, 4:11 pm | BusinessDesk
July 7 (BusinessDesk) - Telecom Corp's startup incubator, Digital Ventures, has snapped up a strategic stake in App La Carte, the self-help business app creator, as New Zealand's largest telecommunications provider targets future revenue streams away ... More >>
