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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 977]
MARKET CLOSE: NZ shares rise after outage
Friday, 27 June 2014, 5:47 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand shares rose in a shortened session after technical difficulties halted trading for three hours. Port of Tauranga extended yesterday's gain on news it had secured a minimum volumes across its wharves in a deal the Fonterra ... More >>
NZ log prices may have reached lows after supply eases
Friday, 27 June 2014, 4:58 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand export log prices to China, which have dropped by about a third to $87 a tonne in the past three months, may start to stabilise next month as supply eases, slowing an inventory build up on the ports of Asia's ... More >>
NZX three-hour trading halt not a 'system overload': CEO
Friday, 27 June 2014, 4:50 pm | BusinessDesk
June 27 (BusinessDesk) - Today's three hour trading halt is not a sign the stock market operator's system is overloaded after the first half of this year has seen more new listings than all of 2013, NZX chief executive Tim Bennett says. More >>
NZX reopens after 3 hour trading halt
Friday, 27 June 2014, 2:17 pm | BusinessDesk
June 27 (BusinessDesk) - Trading on the New Zealand stock exchange resumed after a three hour halt as the share market operator dealt with a technical issue, its second outage this month. More >>
TSB Bank credit outlook raised to 'stable' by S&P
Friday, 27 June 2014, 1:39 pm | BusinessDesk
TSB Bank credit outlook raised to 'stable' by S&P on reduced property market risk More >>
GeoOp slides to record-low as investors cautious on growth
Friday, 27 June 2014, 12:29 pm | BusinessDesk
June 27 (BusinessDesk) - Shares in GeoOp, whose software allows mobile businesses such as builders to manage their workforce, dropped to its lowest price since listing last year, as investors shunned growth stocks in a shift to more cautious sentiment. More >>
Fairfax NZ may share printing with APN
Friday, 27 June 2014, 12:12 pm | BusinessDesk
June 27 (BusinessDesk) - Fairfax Media has reached agreement with rival APN News & Media to have newspapers including The Waikato Times, Sunday Star-Times, Sunday News and some community titles printed at APN's modernised print facility at Ellerslie ... More >>
NZ posts 7th monthly trade surplus in May
Friday, 27 June 2014, 11:48 am | BusinessDesk
June 27 (BusinessDesk) - New Zealand posted its seventh monthly trade surplus in May, led by overseas demand for the nation's primary products such as milk powder, butter and cheese. More >>
UPDATE: NZX trading halted over system glitch
Friday, 27 June 2014, 11:40 am | BusinessDesk
June 27 (BusinessDesk) - All trading on the New Zealand stock exchange has been halted until further notice as the stock market operator deals with a technical issue. More >>
Hart's Rank Group may sell US auto parts businesses: report
Friday, 27 June 2014, 10:51 am | BusinessDesk
June 27 (BusinessDesk) - Graeme Hart's Rank Group may sell its US auto parts businesses as New Zealand's richest man seeks to reduce debt, Reuters reported, citing people familiar with the matter who asked not to be identified. Auckland-based Rank Group ... More >>
NZX trading halted on system glitch
Friday, 27 June 2014, 10:46 am | BusinessDesk
June 27 (BusinessDesk) - All trading has been halted on the New Zealand stock exchange half an hour into the session as the stock market operator deals with a technical issue. More >>
GuocoLeisure to leave NZX, ending four-decade listing
Friday, 27 June 2014, 10:00 am | BusinessDesk
June 27 (BusinessDesk) - GuocoLeisure, the diversified investment company once known as Brierley Investments, will leave the NZX today after more than 40 years on the local stock exchange, in a long-heralded move which leaves its sole listing in Singapore. More >>
NZ dollar at 3-yr high, TWI at record as higher rates appeal
Friday, 27 June 2014, 9:02 am | BusinessDesk
NZ dollar at 3-year high, TWI surges to record as higher rates lure investors More >>
While you were sleeping: Fed’s Bullard scares Wall Street
Friday, 27 June 2014, 7:43 am | BusinessDesk
June 27 (BusinessDesk) – Wall Street slid after a US Federal Reserve official fuelled concern that the central bank might raise interest rates sooner than anticipated. More >>
MARKET CLOSE: NZ shares rise on Port of Tauranga deal
Thursday, 26 June 2014, 5:44 pm | BusinessDesk
June 26 (BusinessDesk) - New Zealand shares gained as Port of Tauranga rose to its highest level this year after inking a deal with the Fonterra and Silver Fern Farms-led Kotahi logistics venture guaranteeing minimum volumes across its wharves. Hallenstein ... More >>
Board of Inquiry backs dam project with conditions
Thursday, 26 June 2014, 5:19 pm | BusinessDesk
June 24 (BusinessDesk) - The Board of Inquiry into the $230 million Ruataniwha Dam project in Hawke’s Bay has granted resource consents subject to strict conditions. More >>
NZ dollar TWI surges to record, traders watch RBNZ closely
Thursday, 26 June 2014, 5:02 pm | BusinessDesk
June 26 (BusinessDesk) – The New Zealand dollar advanced to an all-time high on its trade weighted index after disappointing growth data eroded support for the US dollar but dealers are wondering if the Reserve Bank of New Zealand will move to ... More >>
Cavalier warns on earnings again, shares fall 5.4%
Thursday, 26 June 2014, 4:42 pm | BusinessDesk
June 26 (BusinessDesk) – Shares of Cavalier Corp dropped after the carpet maker warned annual earnings will be lower than an already reduced forecast. More >>
BDO cuts $18.5 mln deal over Capital + Merchant claim
Thursday, 26 June 2014, 3:07 pm | BusinessDesk
June 26 (BusinessDesk) – Audit firm BDO Spicers has agreed to an $18.5 million settlement of a claim against it from the liquidator of failed lender Capital + Merchant Finance. More >>
UPDATE: Big deals bring big ships to New Zealand at last
Thursday, 26 June 2014, 1:04 pm | BusinessDesk
June 26 (BusinessDesk) – A rare 10-year shipping contract will pave the way for global shipping line Maersk to bring 6,500 TEU container ships to New Zealand by the end of 2016, but they will initially call only in Tauranga. More >>
