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While you were sleeping: Greek troubles weigh
Article – BusinessDesk
May 17 (BusinessDesk) – Shares on Wall Street were mixed as the European sovereign debt crisis weighed on more optimistic indicators about the outlook closer to home. Read more »
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Article – BusinessDesk
May 17 (BusinessDesk) – Shares on Wall Street were mixed as the European sovereign debt crisis weighed on more optimistic indicators about the outlook closer to home. Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – New Zealand shares fell, led by the News Corp-controlled Sky Network Television after the regulator said it will investigate the pay-TV company’s content deals with internet service providers. Fisher & Paykel Healthcare led … Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – AWF Group, the contract labour company, reported a 23 percent fall in net profit as it wrote down the value of its goodwill, even as it lifted sales by 19 percent. Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – Wellington Drive Technologies is forecasting a profit in 2013, the first since listing on the NZX in 2001, as its turnaround cost cutting drive starts to widen the margin on sales of its energy efficient refrigeration motors. Read more »
Article – BusinessDesk
NZ dollar falls to 4 1/2 mth low amid concerns Greece will give up the euro Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – A tie-up between pay-TV operator Sky Network Television and state-owned Television New Zealand will hamper competition in the pay-TV market and undermine free-to-air broadcasters, according to private equity-owned rival MediaWorks. Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – The skipper and factory manager of the Oyang 77, a fishing vessel part-owned by South Korea’s biggest fishing company, will face 13 charges of misreporting and illegal dumping of fish, the Ministry of Primary Industries says. Read more »
Article – BusinessDesk
Quickflix welcomes probe of Sky TV content deals it says freeze out rivals By Paul McBeth Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – Kiwi Income Property Trust’s manager said the property investor turned to an $89.2 million annual net profit from a $26.4 million loss, reflecting the insurance payout on its PricewaterhouseCoopers building in Christchurch offset … Read more »
Article – BusinessDesk
May 15 (BusinessDesk) – Finance Minister Bill English may hike the excise on tobacco and alcohol and further tighten rules on property investment to help bridge the $640 million shortfall in his pledge to return to budget surplus in 2015. Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – Australia and New Zealand Banking Group, Australia’s third-largest lender, plans to invest A$300 million to expand its branch network and increase lending in China, the world’s second-biggest economy. Read more »
Article – BusinessDesk
NZ regulator launches probe into Sky TV content contracts, gives thumbs up to Igloo JV Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – The New Zealand dollar fell 1 US cent after Greek politicians called for new elections after crisis talks failed and dairy product prices declined for the third straight sale in Fonterra’s global auction. Read more »
Article – BusinessDesk
May 16 (BusinessDesk) – Wall Street struggled after Greece called for a new election following politicians’ failure to form a government, even as American data provided good news on the US economy. The euro sank to a four-month low against the greenback. Read more »
Article – Businesswire
May 16 (BusinessDesk) – Prices of dairy products fell for the third straight sale in Fonterra Cooperative Group’s GlobalDairyTrade auction, reaching a new three-year low as China’s slowdown and euro-zone uncertainty weighed on commodities. Read more »
Article – BusinessDesk
May 15 (BusinessDesk) – New Zealand shares fell, led by OceanaGold, which fell to the lowest level in more than two years as the price of gold weakened. Port of Tauranga and Ryman Healthcare paced the decline. Read more »
Article – BusinessDesk
May 15 (BusinessDesk) – Former Commerce Commission chair Paula Rebstock will head a new panel tasked with overseeing the actuarial valuation of New Zealand’s long-term welfare liabilities. Read more »
Article – BusinessDesk
May 15 (BusinessDesk) – The New Zealand dollar may rise over the next couple of days as reports that Facebook ‘s initial public offering closed before its official Friday launch stokes investor appetite for growth or riskier assets. Read more »
Article – BusinessDesk
NZ farm sales set to fall as stellar season comes to an end, REINZ says Read more »
Article – BusinessDesk
May 15 (BusinessDesk) – State-owned broadcaster Television New Zealand wants to ditch its legislated obligation to provide an advertising platform in the lead-up to a general election, saying the low-rating broadcasts go against its new remit to act … Read more »
