Business

NZ dollar slides; weaker dairy prices weigh on rate outlook

3 Apr 2014 Business News
Article - BusinessDesk NZ dollar slides as weaker dairy prices weigh on rate outlook, ECB meeting loomsBy Paul McBethApril 3 (BusinessDesk) - The New Zealand dollar dropped as declining dairy prices raised... more

NZ Post quits unprofitable Localist experiment

3 Apr 2014 Business News
Article - BusinessDesk NZ Post quits unprofitable Localist experiment to focus on core business, KiwibankBy Suze MetherellApril 3 (BusinessDesk) – New Zealand Post, the state-owned postal service, has sold its... more

Fonterra wins supply contract with Woolworths in Victoria

3 Apr 2014 Business News
Article - BusinessDesk Fonterra wins 10-year contract to supply Woolworths in Australia’s Victoria stateApril 3 (BusinessDesk) – Fonterra Cooperative Group, New Zealand’s dominant dairy exporter, has won a... more

Feltex consultant turned down shares as payment, court hears

3 Apr 2014 Business News
Article - BusinessDesk Consultant tells Feltex hearing he turned down shares as payment a year out from floatApril 3 (BusinessDesk) – An Australian engineering consultant specialising in ‘lean manufacturing’... more

Z Energy targets $40-$50M operating earnings uplift by 2018

3 Apr 2014 Business News
Article - BusinessDesk Z Energy targets $40-$50 mln operating earnings uplift by 2018By Pattrick SmellieApril 3 (BusinessDesk) – Z Energy is targeting an increase of $40 million to $40 million in annual... more

MPI finds another Queensland fruit fly in Whangarei

3 Apr 2014 Business News
Article - BusinessDesk MPI finds another Queensland fruit fly in WhangareiApril 3 (BusinessDesk) – A second Queensland fruit fly has been trapped at a site in Whangarei just 400 metres from where another single... more

NZ Energy Corp targeting 16 producing wells

3 Apr 2014 Business News
Article - BusinessDesk NZ Energy Corp targeting 16 producing wells as workover programme gathers paceApril 3 (BusinessDesk) – Onshore Taranaki oil producer New Zealand Energy Corp. returned two previously... more

Mainzeal liquidator steps up pressure on director Yan

3 Apr 2014 Business News
Article - BusinessDesk Mainzeal liquidator steps up pressure on director Yan over related entityBy Paul McBethApril 3 (BusinessDesk) - The liquidators for the Mainzeal group are stepping up their pressure on... more

NZ dollar falls on concern about lower dairy prices

3 Apr 2014 Business News
Article - BusinessDesk NZ dollar falls on concern lower dairy commodity prices may weigh on economyBy Tina MorrisonApril 3 (BusinessDesk) – The New Zealand dollar was the worst-performing major currency... more

NZ share trading busier in March, though value slides

3 Apr 2014 Business News
Article - BusinessDesk NZ share trading busier in March, though value slidesApril 3 (BusinessDesk) - The volume of trading on New Zealand’s share market continued to gain in March, though the value of activity... more

Testimony may pose ‘real difficulties' for MFS Pacific claim

3 Apr 2014 Business News
Article - BusinessDesk Former MFS Pacific CFO’s testimony may pose ‘real difficulties’ for receiver’s claim, says judgeBy Paul McBethApril 3 (BusinessDesk) - Testimony by former MFS Pacific Finance chief... more

PushPay raises $5.1 mln, plans for small cap listing

3 Apr 2014 Business News
Article - BusinessDesk PushPay mobile app venture raises $5.1 mln, plans for small cap listingBy Pattrick SmellieApril 3 (BusinessDesk) – Mobile payments app developer PushPay is heading for a compliance... more

MARKET CLOSE: NZ stocks fall as Xero’s growth falters

2 Apr 2014 Business News
Article - BusinessDesk MARKET CLOSE: NZ stocks fall as Xero’s growth faltersBy Suze MetherellApril 2 (BusinessDesk) – New Zealand shares fell for a third day, paced by Xero as investors turned away from the... more

Commerce Commission delays court filings in swaps case

2 Apr 2014 Business News
Article - BusinessDesk Commerce Commission delays court filings in interest rates swap caseApril 2 (BusinessDesk) - The Commerce Commission has pushed out its deadline to file proceedings against three... more

NZ dollar drops as weak dairy auction raises rate hike doubt

2 Apr 2014 Business News
Article - BusinessDesk NZ dollar drops as weak dairy auction spurs speculation on rate hikes By Paul McBethApril 2 (BusinessDesk) - The New Zealand dollar fell after weaker prices at the Fonterra Cooperative... more

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News

15,000 fewer people dependent on benefits

17 Apr 2014 News
New Zealand Government 15,000 fewer people dependent on benefits Social Development Minister Paula Bennett says the latest benefit ... more

Govt to establish Food Safety Science & Research Centre

16 Apr 2014 News
  Science and Innovation Minister Steven Joyce and Food Safety Minister Nikki Kaye today announced that expressions of interest... more

Business

Air NZ says claims withdrawn as other airlines settle in Oz

17 Apr 2014 Business News
Article - BusinessDesk   Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs April 17 ... more

Genesis Energy soars on debut, other gen-taliers rise

17 Apr 2014 Business News By Suze Metherell
  Genesis Energy soars on debut, leading fellow energy companies higher April 17 (BusinessDesk) – Shares in the partially... more

Living

The Taite Music Prize: IMNZ announces this years winner

17 Apr 2014 Entertainment
The winner of the fourth annual Taite Music Prize 2013 is Lorde for her album ‘Pure Heroine’ released on Universal Music... more

3 Mile Limit Movie Continues to Win Awards in the U.S

15 Apr 2014 Lifestyle
New Zealand movie ‘3 Mile Limit’ has won Best Feature Film at both the North Hollywood and Charleston International Film... more

Property

NZ house values rise at slowest annual pace in 6 months in March, QV says

7 Apr 2014 Property
April 7 (BusinessDesk) – New Zealand property values increased at the slowest annual pace in six months in March as lower... more

Auckland landlords lead in capital gains

28 Mar 2014 Property
Three-bedroom houses in Glen Innes giving an annual capital gain of 18.9%, followed by New Windsor. Auckland landlords are making... more

Migration

New working holiday agreement between New Zealand and Croatia launched

28 Mar 2014 Migration
Citizens of Croatia aged between 18 and 30 will soon be eligible to apply for a New Zealand Working Holiday Visa, giving them the... more

New Zealand immigration hits ten year high

28 Mar 2014 Migration
New statistics have shown net migration to New Zealand to be at a 10 year high, with China becoming the largest source of new... more

Travel

Chinese company to build $200M hotel on Auckland waterfront

16 Apr 2014 Travel & Tourism By Suze Metherell
  Company linked to one of China’s richest women to spend $200 mln on Auckland hotel April 16 (BusinessDesk) – Fu... more

SmartGate opens to arriving UK & US travellers

3 Apr 2014 Travel & Tourism
Customs Minister Maurice Williamson today announced SmartGate is now open to United Kingdom and American travellers on arrival. The... more

Sport

Dan Carter: All Blacks's goal is back-to-back World Cups

17 Apr 2014 Rugby By Oliver Brown
New Zealand No 10 is loving his sabbatical, including a trip to the Masters, however his only motive is to return fit and fresh for... more

Seeds March to Quarters at Skycity NZ Badminton Open

17 Apr 2014 Sport
TOP SEEDS CONTINUE MARCH TO QUARTER FINALS AT SKYCITY NZ BADMINTON OPEN Top seeds dominated in this morning’s 3rd round... more

Columns

Gordon Campbell: drone strikes & Judith Collins‘ last stand

17 Apr 2014 Opinion
Reportedly, US drone operators refer to their kills as "bug splat” - mainly because when the carnage is viewed on their... more

Gordon Campbell on the life & ACC work of Sir Owen Woodhouse

16 Apr 2014 Opinion
With the death of Sir Owen Woodhouse, the founding father of the Accident Compensation Scheme, New Zealand has lost one of the... more

Kiwi Success

BNZ names Anthony Healy as new CEO, replacing Thorburn

17 Apr 2014 Appointments
April 17 (BusinessDesk) – Bank of New Zealand, the local unit of Australia’s third-biggest mortgage lender, named the... more

Kiwi alpinist is finalist for prestigious award

26 Mar 2014 People
NZ Alpine Club Kiwi alpinist is finalist for prestigious mountaineering award New Zealand Alpine Club President John Cocks has today... more

Recruitment

Growth seen further lifting average wage by $7,500

15 Apr 2014 Recruitment
  The average annual wage is expected to increase by $7,500 to around $62,200 a year by 2018 if New Zealand achieves its ... more

NZ employment confidence lifts in 1st-qtr

31 Mar 2014 Recruitment
Article - BusinessDesk   NZ employment confidence lifts in 1st-qtr, current job opportunities seen less negative March 31 ... more