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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 980]
NZ dollar touches 2-month high, approaches 87.50 US cents
Tuesday, 24 June 2014, 8:48 am | BusinessDesk
June 24 (BusinessDesk) - The New Zealand dollar touched a two-month high overnight, approaching 87.50 US cents, after a measure of Chinese manufacturing was stronger than expected, boosting sentiment about Asia's largest economy. More >>
While you were sleeping: Wall Street mixed
Tuesday, 24 June 2014, 7:34 am | BusinessDesk
June 24 (BusinessDesk) – Wall Street hovered near record highs as this week’s flurry of economic data kicked off with solid manufacturing statistics in the US and China, as well as American existing home sales. More >>
IkeGPS forecasts annual losses as it ramps up sales
Monday, 23 June 2014, 6:05 pm | BusinessDesk
June 23 (BusinessDesk) - IkeGPS Group, which sells portable measuring devices and software with applications ranging from the military to architecture and construction, is forecasting losses through until at least 2016 as it uses the proceeds of an initial ... More >>
MARKET CLOSE: NZ stocks fall, paced by Xero, Warehouse
Monday, 23 June 2014, 5:50 pm | BusinessDesk
June 23 (BusinessDesk) - New Zealand stocks fell as investors sold shares to raise cash ahead of several new listings and insitutions squared their books ahead of the financial year's end on June 30. Xero fell to an eight-month low as investors sought ... More >>
NZ dollar gains after Chinese PMI beats expectations
Monday, 23 June 2014, 5:17 pm | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar rose after Chinese data showed its manufacturing sector was in expansion for the first time in six months. More >>
CORRECT: 2degrees narrows 2013 loss
Monday, 23 June 2014, 3:57 pm | BusinessDesk
June 23 (BusinessDesk) - Challenger mobile telephone operator Two Degrees Mobile pared back losses in the year to Dec. 31 and reported positive operating earnings for the second year since its establishment five years ago. More >>
NZ Dollar Outlook: Traders split on direction for kiwi
Monday, 23 June 2014, 2:40 pm | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar may struggle for direction this week as traders weigh the latest overseas and local growth indicators. More >>
2degrees narrows 2013 loss; earnings outlook on track
Monday, 23 June 2014, 2:07 pm | BusinessDesk
June 23 (BusinessDesk) - Challenger mobile telephone operator Two Degrees Mobile pared back losses in the year to Dec. 31 and reported positive operating earnings for the second year since its establishment five years ago. More >>
Google pays $227,074 of tax in New Zealand
Monday, 23 June 2014, 12:06 pm | BusinessDesk
June 23 (BusinessDesk) – Google Inc is paying more tax in New Zealand than previously but its $227,074 tax bill in 2013 isn’t likely to stress a company with US$15.42 billion of revenue globally in the quarter ended March 31, 2014. More >>
NZ annual migration jumps to highest in more than a decade
Monday, 23 June 2014, 11:56 am | BusinessDesk
June 23 (BusinessDesk) - New Zealand's annual migration rose to its highest in more than a decade last month, keeping the net inflow at a pace both the Reserve Bank and the Treasury say will drive up demand in the domestic economy this year. More >>
NZ dollar slips below 87 US cents as US dollar rebounds
Monday, 23 June 2014, 9:14 am | BusinessDesk
June 23 (BusinessDesk) - The New Zealand dollar slipped from its recent highs above 87 US cents as the US dollar rebounded during the weekend. More >>
World Week Ahead: Data key to rally
Monday, 23 June 2014, 7:56 am | BusinessDesk
June 23 (BusinessDesk) - Wall Street is at record highs, backed by the US Federal Reserve’s ongoing commitment to providing easy money to help accelerate the economic recovery, and investors will be looking to a flurry of fresh data to provide further ... More >>
MARKET CLOSE: NZ shares fall, led by Warehouse
Friday, 20 June 2014, 5:49 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand stocks fell, led by Warehouse Group after the country's largest listed retailer cut its full-year profit forecast. More >>
Carr Group buys Elders NZ rural service
Friday, 20 June 2014, 5:39 pm | BusinessDesk
June 20 (BusinessDesk) - South Island investor Carr Group has bought Elders Rural Services New Zealand for an undisclosed amount from ASX-listed Elders Australia and New Zealand-based Sredle Rural Services. More >>
CallPlus adds Orcon to its stable of Slingshot and Flip
Friday, 20 June 2014, 5:21 pm | BusinessDesk
Independently owned internet service provider CallPlus has added Orcon to its stable of interests, which include the Slingshot and Flip ISP brands, for an undisclosed sum. More >>
NZ dollar heads for 1% weekly gain on local growth, US rates
Friday, 20 June 2014, 5:16 pm | BusinessDesk
June 20 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent gain against the greenback this week, remaining at an elevated level after government figures showed strong local economic growth and the Federal Reserve signalled US rates will ... More >>
NZ consumer confidence rebounds in June from a six-month low
Friday, 20 June 2014, 2:06 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand consumer confidence rebounded from a six-month low in June, supported by a strong economy. More >>
Scales seeks up to $186.5 mln in July IPO
Friday, 20 June 2014, 2:00 pm | BusinessDesk
June 20 (BusinessDesk) - Scales Corp, the fruit and vegetables logistics group, is seeking up to $186.5 million in a July initial public offer, which aims to raise $30 million of new capital and let its major shareholder, private equity firm Direct ... More >>
Treasury comes in below budget for asset sale costs
Friday, 20 June 2014, 1:04 pm | BusinessDesk
June 20 (BusinessDesk) - The Treasury came in below budget for its costs in running the government's asset sales programme. More >>
Warehouse shares slump after cut to annual earnings forecast
Friday, 20 June 2014, 12:08 pm | BusinessDesk
June 20 (BusinessDesk) - Warehouse Group shares fell to their lowest in 17 months after New Zealand's largest listed retailer cut its forecast for annual earnings because warmer autumn and winter weather is crimping sales and margins of seasonal ... More >>
