While you were sleeping: ECB exceeds expectations

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Equity markets climbed after European Central Bank President Mario Draghi delivered a larger-than-expected quantitative easing program worth more than 1 trillion euros in an effort to fuel the euro-zone economy and ward off deflation. Read more »

UPDATE: MPI, Zespri eye reports into Chinese importer

Article – BusinessDesk

Jan. 22 (BusinessDesk) – The Ministry for Primary Industries and Zespri International, the worlds largest kiwifruit marketer, are monitoring reports that staff at a Chinese company that imports a number of New Zealand’s primary sector products have … Read more »

NZME notable absentee in All-of-Govt advertising panel

Article – BusinessDesk

Jan. 22 (BusinessDesk) – NZME, the New Zealand unit of APN News & Media, is a notable absentee in the panel for advertising media in the latest all-of-government procurement deal. Read more »

New Zealand shares fell, led by Meridian, MRP

Article – BusinessDesk

Jan. 22 (BusinessDesk) – New Zealand shares fell, led by power companies Meridian Energy and MightyRiverPower as they dropped from record highs with investors looking to crystallise recent gains. Warehouse Group gained after James Pascoe Group upped … Read more »

NZ dollar falls as investors mull lower rates; ECB looms

Article – BusinessDesk

Jan. 22 (BusinessDesk) – The New Zealand dollar dropped to a two-and-a-half year low as investors speculate the central bank may have to lower interest rates after the Bank of Canada surprised markets with a rate cut yesterday, and ahead of Europe’s … Read more »

Zespri investigates reported arrests of Chinese import agent

Article – BusinessDesk

Jan. 22 (BusinessDesk) – Zespri International, the worlds largest kiwifruit marketer, said its investigating reports that staff at one of its new import agents in China have been arrested by Chinese customs, although there’s nothing to indicate any investigation … Read more »

CORRECT: James Pascoe increases stake in Warehouse to 7.4%

Article – BusinessDesk

Jan. 22 (BusinessDesk) – James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, as the shares traded at a near two-and-a-half year low. Read more »

Contact signs deal with Maui that could see it use less gas

Article – BusinessDesk

Jan. 22 (BusinessDesk) – Contact Energy, one of New Zealands largest electricity generators and retailers, has signed a new deal with Maui Development Ltd to purchase between 22 and 26 petajoules of gas over a two-to-three-year period that significantly … Read more »

NZ consumer confidence climbs in January on improving future

Article – BusinessDesk

Jan. 22 (BusinessDesk) – New Zealand consumer confidence rose for a second month in January as households grew more upbeat about the prospects for the future. Read more »

Manufacturing activity rises to decade high in December

Article – BusinessDesk

Jan. 22 (BusinessDesk) – Activity in New Zealand’s manufacturing sector rose last month to its highest level in a decade. Read more »

James Pascoe increases stake in Warehouse to 7.4%

Article – BusinessDesk

Jan. 22 (BusinessDesk) – James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, as the shares traded at a near two-and-a-half year low. Read more »

MightyRiverPower to keep energy price on hold

Article – BusinessDesk

Jan. 22 (BusinessDesk) – MightyRiverPower, the first of the state-owned power companies to be partially privatised in 2013, will keep the price it charges for electricity on hold for a third year in a row, but again will pass on any movements in the transmission … Read more »

GeoOp user growth accelerates in December quarter

Article – BusinessDesk

Jan. 22 (BusinessDesk) – GeoOp, whose software allows mobile businesses such as builders to manage their workforce, reported accelerating growth in user numbers through the final three months of 2014. Read more »

NZ dollar falls to 2 1/2 year low after Canadian rates cut

Article – BusinessDesk

NZ dollar falls to 2 1/2 year low after Canadian central bank cuts rates Read more »

While you were sleeping: Stocks advance on ECB reports

Article – BusinessDesk

Jan. 22 (BusinessDesk) – Equities on both sides of the Atlantic rose after reports that the European Central Bank plans to spend 50 billion euros a month on debt purchases to stoke the languid euro-zone economy and ward off deflation. Read more »

RMA adds $30B to housing costs, stopped 40k houses: Smith

Article – BusinessDesk

Jan. 21 (BusinessDesk) – The Resource Management has added as much as $30 billion to the cost of new homes and stopped as many as 40,000 being built in the last decade, says Environment Minister Nick Smith in a speech outlining a wide-ranging 10 point … Read more »

MARKET CLOSE: NZX 50 rises to record; power coys gain

Article – BusinessDesk

Jan. 21 (BusinessDesk) – New Zealand shares rose to a record paced by MightyRiverPower, Genesis Energy and Meridian Energy as the prospect of lower interest rates for longer lured investors to stocks with regular dividends. Fletcher Building gained. Read more »

NZ dollar falls on deflation, fading case for rate hikes

Article – BusinessDesk

Jan. 21 (BusinessDesk) – The New Zealand dollar fell after a slower-than-expected pace of annual inflation stoked speculation the country’s Reserve Bank will refrain from raising interest rates as quickly as it had previously indicated, with some … Read more »

Finance Minister English to keep lid on public sector wages

Article – BusinessDesk

Jan. 21 (BusinessDesk) – Finance Minister Bill English has warned public sector employees will face “restrained” wage increases as he tries to get the government books back in the black while contending with lower than expected inflation. Read more »

NZ skilled job vacancies rise in Dec as Chch spurs hiring

Article – BusinessDesk

Jan. 21 (BusinessDesk) – The number of skilled vacancies advertised online in New Zealand rose 1.1 percent last month to its highest level in nearly six years as the Canterbury rebuild increased demand for skilled construction workers and engineers, … Read more »