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Businesswire - Latest News [Page 5]
Air NZ backs down on challenge to cargo suit
Wednesday, 5 June 2013, 5:00 pm | Businesswire
June 5 (BusinessDesk) – Air New Zealand, the only one of 11 airlines not to settle an antitrust suit over cargo with the Commerce Commission, has withdrawn a court challenge to the settlement deal. More >>
MIDDAY UPDATE: NZ home building charges away in 1Q
Wednesday, 5 June 2013, 12:21 pm | Businesswire
June 5 (BusinessDesk) – New Zealand house building grew at its fastest quarterly pace in a decade in the first three months of the year as the Canterbury rebuild and heating Auckland property market spurred the construction effort. More >>
MARKET CLOSE: NZ shares drop as new issues digested
Tuesday, 4 June 2013, 5:59 pm | Businesswire
June 4 (BusinessDesk) – New Zealand shares fell as the market digested a raft of placements recently from companies including Ebos Group and Metlifecare. Website search company SLI Systems, which listed last week, soared 22 percent. More >>
RBA keeps key rate at 2.75%, repeats scope for cut
Tuesday, 4 June 2013, 5:18 pm | Businesswire
June 4 (BusinessDesk) – The Reserve Bank of Australia kept its cash rate unchanged at 2.75 percent, saying rates are low enough to stoke growth while repeating that the inflation outlook provides some scope for further cuts. More >>
NZ Dollar Outlook: Kiwi may advance after 6.5% monthly slide
Tuesday, 4 June 2013, 2:30 pm | Businesswire
NZ Dollar Outlook: Kiwi may advance as 6.5% slide in May seen as overdone More >>
UPDATED: Novopay costs blew out as Talent2 ‘overwhelmed'
Tuesday, 4 June 2013, 1:40 pm | Businesswire
June 4 (BusinessDesk) - IT firm Talent2 and the Ministry of Education were “unprepared and overwhelmed” by escalating problems with the Novopay payroll system for teachers. More >>
Novopay costs blew out as Talent2, ministry ‘overwhelmed’
Tuesday, 4 June 2013, 12:56 pm | Businesswire
June 4 (BusinessDesk) - IT firm Talent2 and the Ministry of Education were “unprepared and overwhelmed” by escalating problems with the Novopay payroll system for teachers. More >>
MRP extends option to up stake in US geothermal firm
Tuesday, 4 June 2013, 12:18 pm | Businesswire
June 4 (BusinessDesk) - Mighty River Power says it has extended an option to increase its stake in US-based geothermal company EnergySource from 20 percent to 33.3 percent. More >>
MIDDAY UPDATE: Big company tax take eats into govt deficit
Tuesday, 4 June 2013, 12:05 pm | Businesswire
June 4 (BusinessDesk) – An extra $532 million in company taxes kept the government’s operating deficit smaller than forecast in the first 10 months of the financial year. More >>
FMA gives NZX a pass mark, wants progress on compliance
Tuesday, 4 June 2013, 11:29 am | Businesswire
June 4 (BusinessDesk) – NZX has been given a pass mark in the Financial Markets Authority’s second review of New Zealand’s markets operator though the FMA identified areas for improvement including managing conflicts of interest and enforcing compliance. More >>
NZ dollar gains after US manufacturing unexpectedly shrinks
Tuesday, 4 June 2013, 9:26 am | Businesswire
June 4 (BusinessDesk) – The New Zealand dollar gained against the greenback after a report showed US manufacturing unexpectedly contracted in May, denting speculation the Federal Reserve will end stimulus soon. More >>
MONEY TALKS: Always follow the money
Friday, 31 May 2013, 5:43 pm | Businesswire
We all like to think that the stock market is a level playing field where everyone trades with equal information, but only the most naïve would believe that’s the case. More >>
CORRECT: Xero chair, COO book million-dollar paydays
Friday, 31 May 2013, 4:27 pm | Businesswire
May 31 (BusinessDesk) – Xero chairman Sam Knowles and chief operating officer Alastair Grigg cashed in some of their shares, which have more than tripled in price in the past 12 months, after a ‘black-out’ period ended when the accounting software-developer ... More >>
CORRECT: Xero chair, COO book million-dollar paydays
Friday, 31 May 2013, 4:25 pm | Businesswire
May 31 (BusinessDesk) – Xero chairman Sam Knowles and chief operating officer Alastair Grigg cashed in some of their shares, which have more than tripled in price in the past 12 months, after a ‘black-out’ period ended when the accounting software-developer ... More >>
Transpower sells trading unit d-cyphaTrade to ASX for A$55M
Friday, 31 May 2013, 4:00 pm | Businesswire
May 31 (BusinessDesk) – Transpower, the state-owned electricity grid company, has sold its d-cyphaTrade unit to Australian stock market operator ASX for A$55 million. More >>
NZ business confidence gains as farmers shake off the blues
Friday, 31 May 2013, 2:28 pm | Businesswire
May 31 (BusinessDesk) - New Zealand business confidence rose for the first time in three months, helped by a rebound in sentiment in the agricultural sector and increasing optimism from construction firms. More >>
Turners & Growers mops up remaining 30% of Delica for $25.8M
Friday, 31 May 2013, 1:34 pm | Businesswire
May 31 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany's BayWa Aktiengellschaft, has mopped up the 30 percent in specialist producer exporter Delica it doesn’t already own from managers for $25.8 million. More >>
From the Farm: High prices to endure
Friday, 31 May 2013, 12:23 pm | Businesswire
Fonterra’s farmers showed no reluctance this time round in selling the economic rights to some of their production shares, raising $475 million. They got scaled back, selling 59,973,601 of the rights to the wet shares. More >>
MIDDAY UPDATE: Terms of trade improves for 1st time in 7 Qs
Friday, 31 May 2013, 12:10 pm | Businesswire
May 31 (BusinessDesk) – New Zealand’s terms of trade, which shows how much imports can be paid for by a fixed amount of exporters, improved for the first time in seven quarters as high dairy prices and a glut of slaughtered livestock boosted exports, ... More >>
NZ terms of trade rise for first time in 7 quarters
Friday, 31 May 2013, 11:36 am | Businesswire
NZ terms of trade rise for first time in 7 quarters on dairy exports, drop in import prices More >>
