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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 998]
BUDGET: Government surplus meets rating agency expectations
Thursday, 15 May 2014, 4:10 pm | BusinessDesk
May 15 (BusinessDesk) – The New Zealand government’s forecast return to surplus in 2015 is in line with expectations of global rating agencies Standard & Poor’s and Moody’s Investors Service and won’t have any immediate bearing on the nation’s ... More >>
Eggs prices rise as cage farmers embark on $200 mln upgrade
Thursday, 15 May 2014, 3:29 pm | BusinessDesk
Eggs prices rise as cage farmers embark on $200 mln upgrade to meet welfare code More >>
BUDGET:Power company proceeds reach Kiwirail, irrigation
Thursday, 15 May 2014, 2:18 pm | BusinessDesk
May 15 (BusinessDesk) - The government has sprinkled the proceeds of its $4.7 billion assets sales programme across projects ranging from housing developments to irrigation schemes and an increased bailout for state-owned Kiwirail. More >>
‘Sweet spot’ Budget marks NZ as stand-out economy
Thursday, 15 May 2014, 2:14 pm | BusinessDesk
May 15 (BusinessDesk) - Two days after Australia's black budget, New Zealand Finance Minister Bill English has unveiled a Crown balance sheet where revenue growth runs ahead of expenses in an economy accelerating to the fastest pace in a decade. More >>
BUDGET: NZDMO to lift bond issuance $3B on slow cash surplus
Thursday, 15 May 2014, 2:08 pm | BusinessDesk
May 15 (BusinessDesk) - The New Zealand Debt Management Office will lift issuance by $3 billion over the coming four years on a slower forecast return to cash surplus. More >>
BUDGET: NZDMO to lift bond issuance $3B on slow cash surplus
Thursday, 15 May 2014, 2:08 pm | BusinessDesk
May 15 (BusinessDesk) - The New Zealand Debt Management Office will lift issuance by $3 billion over the coming four years on a slower forecast return to cash surplus. More >>
BUDGET: Improved write-offs for R&D spending to proceed
Thursday, 15 May 2014, 2:07 pm | BusinessDesk
May 15 (BusinessDesk) – The government is to proceed with new a regime allowing start-up companies to cash out all or part of their tax losses from research and development expenditure, and to write off “black hole” R&D spending on unsuccessful ... More >>
BUDGET: NZ govt sees economic growth at 10-year high
Thursday, 15 May 2014, 2:06 pm | BusinessDesk
BUDGET: NZ govt sees faster growth as strong terms of trade, more jobs drive consumer spending More >>
COMMENT – The worm turns in Budget 2014
Thursday, 15 May 2014, 2:04 pm | BusinessDesk
May 15 (BusinessDesk) – Six years ago, just before the global financial crisis but as a local recession was taking hold, then Finance Minister Michael Cullen delivered substantial tax cuts in the last Budget of the Labour-led government’s nine year ... More >>
BUDGET: Imported building products get leg-up with duty cuts
Thursday, 15 May 2014, 2:03 pm | BusinessDesk
May 15 (BusinessDesk) – Concerns over the high cost of building materials see the government temporarily cutting tariffs and anti-dumping duties on imported building products to zero, as part of efforts to improve housing affordability. More >>
NZ manufacturing dips in April on holiday pause
Thursday, 15 May 2014, 11:27 am | BusinessDesk
May 15 (BusinessDesk) – The pace of expansion in New Zealand’s manufacturing sector eased in April, to dip below the 4-month average, as two consecutive long weekends weighed on production. More >>
Ryman Healthcare lifts annual profit 43%
Thursday, 15 May 2014, 9:46 am | BusinessDesk
May 15 (BusinessDesk) – Ryman Healthcare, New Zealand’s largest listed retirement village operator, lifted profit 43 percent as it gained more revenue from a larger base of villages and the value of property increased. More >>
NZ dollar jumps vs. sterling after BoE dashes expectations
Thursday, 15 May 2014, 8:47 am | BusinessDesk
NZ dollar jumps to month high vs. sterling after BoE fails to signal monetary tightening More >>
While you were sleeping: Wall Street falls from record
Thursday, 15 May 2014, 7:36 am | BusinessDesk
May 15 (BusinessDesk) – Wall Street slipped from record highs as some investors took the opportunity to lock in profits on a day without immediate impetus to drive valuations higher and disappointing corporate results such as from Deere. More >>
MARKET CLOSE: NZ shares rise, led by Goodman Property
Wednesday, 14 May 2014, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Goodman Property on profit boost; Trade Me, Xero rise More >>
NZ dollar gains as prospect of more central bank stimulus
Wednesday, 14 May 2014, 5:26 pm | BusinessDesk
May 14 (BusinessDesk) - The New Zealand dollar gained amid speculation central banks in the US and Europe will retain stimulatory conditions, helping underpin growth and driving stocks higher. More >>
NZ’s rising interest rates likely to lure Mrs Watanabe back
Wednesday, 14 May 2014, 2:56 pm | BusinessDesk
NZ’s rising interest rates likely to lure Mrs Watanabe back to carry trade, RBNZ says More >>
NZ makes WTO complaint over Indonesian trade access
Wednesday, 14 May 2014, 2:24 pm | BusinessDesk
May 14 (BusinessDesk) – New Zealand has made its second complaint in as many years to the World Trade Organisation about import restrictions and red tape in Indonesia that led to an 80 percent slump in exports of beef and horticultural products. More >>
ASB Bank lending growth modest in March quarter
Wednesday, 14 May 2014, 2:09 pm | BusinessDesk
May 14 (BusinessDesk) – ASB Bank, the New Zealand unit of Australia’s largest home lender, had “modest” lending growth in the latest quarter with margins still capped by competitive pressure. More >>
UPDATE: NZ retail sales growth slows in first quarter
Wednesday, 14 May 2014, 12:17 pm | BusinessDesk
UPDATE: NZ retail sales growth slows in first quarter as interest rate hikes, slower housing market impact (Recasts to show growth is sales is slowing, adds economist comment) More >>
