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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 999]
Goodman Property lifts annual earnings 10%
Wednesday, 14 May 2014, 11:31 am | BusinessDesk
May 14 (BusinessDesk) – Goodman Property Trust, New Zealand’s largest property investor by market value, lifted annual earnings 10 percent as rental income came on stream from new acquisitions, and flagged asset sales to fund future developments. More >>
NZ retail sales gain 0.7% in first quarter, below forecast
Wednesday, 14 May 2014, 10:57 am | BusinessDesk
NZ retail sales gain 0.7% in first quarter, less than expected, as electrical goods rise, groceries fall More >>
Scott Technology to buy RobotWorx for up to US$7.7M
Wednesday, 14 May 2014, 10:51 am | BusinessDesk
May 14 (BusinessDesk) - Scott Technology, the industrial automation firm, has bought Marion, Ohio-based RobotWorx for up to US$7.7 million in cash and shares as it looks to expand its footprint in North America. More >>
RBNZ plans bank stress testing to monitor sector’s health
Wednesday, 14 May 2014, 9:54 am | BusinessDesk
May 14 (BusinessDesk) - The Reserve Bank is developing a stress testing framework for the nation’s lenders to gauge their health in the event of a downturn. More >>
RBNZ low-equity lending limits stifle sales than expected
Wednesday, 14 May 2014, 9:09 am | BusinessDesk
May 14 (BusinessDesk) - The Reserve Bank’s restrictions on the level of mortgage lending with low deposits took more borrowing out of the system than expected, and have helped douse the property market’s potential risk to the nation’s financial ... More >>
NZ dollar rises to 7-week high vs. euro on ECB view
Wednesday, 14 May 2014, 8:47 am | BusinessDesk
NZ dollar rises to 7-week high vs. euro as ECB seen easing monetary policy in June More >>
While you were sleeping: Wall Street hits fresh records
Wednesday, 14 May 2014, 7:32 am | BusinessDesk
May 14 (BusinessDesk) – Wall Street rose, even as it gave up some of its earlier gains that saw the Dow Jones Industrial Average and the Standard & Poor’s 500 Index hit fresh intraday record highs, amid optimism about the world’s biggest ... More >>
MARKET CLOSE: NZ shares follow Wall St rally; Xero, a2 gain
Tuesday, 13 May 2014, 5:33 pm | BusinessDesk
MARKET CLOSE: NZ shares follow Wall St rally; Xero, a2, Diligent gain in tech rebound More >>
NZ dollar edges higher as investors await US retail sales
Tuesday, 13 May 2014, 5:05 pm | BusinessDesk
May 13 (BusinessDesk) - The New Zealand dollar edged higher in local trading as investors await US retail sales to gauge the strength of the world’s biggest economy. More >>
MightyRiverPower taps Matthew Olde to head up metering unit
Tuesday, 13 May 2014, 3:39 pm | BusinessDesk
May 13 (BusinessDesk) – Matthew Olde, who helped manage MightyRiverPower’s IPO, has been tapped by the government-controlled energy provider to become chief executive of its Metrix metering business. More >>
Morrison & Co says other clients aligned with Infratil
Tuesday, 13 May 2014, 1:33 pm | BusinessDesk
May 13 (BusinessDesk) - Morrison & Co, the Wellington-based investment manager that founded Infratil in 1994, says clients taken on since then are potential partners of the listed fund and provide a wider scope for assessing business opportunities. More >>
Knauf fails to get Fletcher use of Batts trade mark revoked
Tuesday, 13 May 2014, 1:04 pm | BusinessDesk
Knauf fails to get Fletcher’s use of Batts trade mark revoked in ‘bendy, bulgy’ insulation case More >>
NZ food prices rise in April on more expensive eggs, dairy
Tuesday, 13 May 2014, 11:56 am | BusinessDesk
NZ food prices rise in April on more expensive eggs and dairy, inflation still contained More >>
Greens to whack oil companies to fund clean-tech investments
Tuesday, 13 May 2014, 11:31 am | BusinessDesk
May 13 (BusinessDesk) - The opposition Green Party has fleshed out a proposal to set up a government-backed investment bank backing ‘green capital’ projects, which it would fund by hiking tax rates on oil companies by more than half. More >>
Infratil FY earnings fall as forecast, affirms 2015 pickup
Tuesday, 13 May 2014, 10:07 am | BusinessDesk
May 13 (BusinessDesk) – Infratil, the energy, airport and transport investor, posted a 5.3 percent drop in pretax earnings, meeting guidance, on a weaker contribution from Trustpower and Infratil Energy Australia Group. The company reiterated earnings ... More >>
NZ dollar slips in tight trading range as Chinese data looms
Tuesday, 13 May 2014, 8:39 am | BusinessDesk
May 13 (BusinessDesk) – The New Zealand dollar edged lower after trading in a tight 30 basis point range overnight. Today traders are looking for direction from Chinese monthly economic reports in anticipation the data will show Asia’s largest economy ... More >>
While you were sleeping: Stocks climb on optimism
Tuesday, 13 May 2014, 7:23 am | BusinessDesk
May 13 (BusinessDesk) – Equities climbed on both sides of the Atlantic, pushing the Dow Jones Industrial Average to an intraday record, amid optimism that central banks in the world’s largest economies will help accelerate the pace of growth. More >>
MARKET CLOSE: NZ shares rise on economic momentum
Monday, 12 May 2014, 5:42 pm | BusinessDesk
May 12 (BusinessDesk) – New Zealand shares rose on expectations forecasts in Thursday’s budget will add to confidence about the pace of economic growth. Air New Zealand and Telecom paced the advance. More >>
NZ budget to show faster drop in unemployment rate, Key says
Monday, 12 May 2014, 5:27 pm | BusinessDesk
May 12 (BusinessDesk) - Prime Minister John Key has hit back at the opposition Labour Party’s pledge to cut unemployment, saying Thursday’s budget will show a faster drop in the jobless rate than previously estimated. More >>
NZ dollar gains against euro as Draghi comments weigh
Monday, 12 May 2014, 5:23 pm | BusinessDesk
May 12 (BusinessDesk) – The New Zealand dollar gained against the euro after European Central Bank president Mario Draghi signalled more easing in the euro region and as traders await US and kiwi retail sales and growth reports for both the EU and ... More >>
