BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares up as A2, Genesis rally

Friday, 19 January 2018, 8:45 pm | BusinessDesk

Jan. 19 (BusinessDesk) - New Zealand shares gained, led by a recent rally in A2 Milk Co and as Genesis Energy rose on a strong quarterly report, while investors continued to sell down Pushpay Holdings after last year's massive gains. More >>

NZ dollar heads for weekly 0.7% gain

Friday, 19 January 2018, 8:44 pm | BusinessDesk

NZ dollar heads for weekly 0.7% gain, all eyes on possible US govt shutdown More >>

PREVIEW: NZ inflation may inch back to mid-point of band

Friday, 19 January 2018, 7:31 pm | BusinessDesk

PREVIEW: NZ inflation may inch back to mid-point of band in 4Q on fuel costs More >>

Trustpower affirms guidance as wholesale prices stay high

Friday, 19 January 2018, 4:09 pm | BusinessDesk

Jan. 19 (BusinessDesk) - Trustpower affirmed annual earnings guidance, having raised its outlook three times this financial year on strong wholesale electricity prices, and noted the low hydro lake levels are threatening to trigger a high-priced event ... More >>

OceanaGold's Macraes gold mine misses production target

Friday, 19 January 2018, 2:30 pm | BusinessDesk

Jan. 19 (BusinessDesk) - OceanaGold Corp's Macraes gold mine in Otago missed its production target for 2017, taking longer to access higher grade ore than anticipated, but expects increased extraction this year. More >>

NZ manufacturing activity falls sharply in December

Friday, 19 January 2018, 2:18 pm | BusinessDesk

Jan. 19 (BusinessDesk) - New Zealand's manufacturing activity fell a five-year low in December as businesses deferred major decisions until there is more clarity after the change in the government, echoing the downbeat sentiment in this week's business ... More >>

Jacinda Ardern pregnant, Peters to step in as acting PM

Friday, 19 January 2018, 2:04 pm | BusinessDesk

Jan. 19 (BusinessDesk) - Prime Minister Jacinda Ardern is pregnant, due in June, and deputy Prime Minister Winston Peters will take over the role for six weeks after the baby is born. More >>

NZ dollar gains on threat of US govt shutdown

Friday, 19 January 2018, 12:07 pm | BusinessDesk

NZ dollar gains as threat of US govt shutdown weighs on greenback By Paul McBeth More >>

While you were sleeping: Wall St pauses after Dow peaks

Friday, 19 January 2018, 10:53 am | BusinessDesk

Jan. 19 (BusinessDesk) - Wall Street was mixed, after the Dow rose to a record high earlier in the day, as the latest corporate earnings proved a mixed bag too. More >>

MARKET CLOSE: NZ shares mixed, Fisher & Paykel, Air NZ drop

Thursday, 18 January 2018, 8:36 pm | BusinessDesk

Jan. 18 (BusinessDesk) - New Zealand shares were mixed as Fisher & Paykel Healthcare fell on the stronger Kiwi dollar while property stocks rebounded from earlier selling. More >>

NZ dollar steadies after sharp fall

Thursday, 18 January 2018, 8:36 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar steadied after falling more than half a US cent in the local session after traders were reluctant to take the currency through key technical levels. More >>

Mycoplasma bovis on 17 farms: MPI says eradication on table

Thursday, 18 January 2018, 5:23 pm | BusinessDesk

Jan. 18 (BusinessDesk) - Three new properties have been identified as being infected with the Mycoplasma bovis bacterial cattle disease, bringing the total to 17, but the Ministry of Primary Industries still believes eradication is possible. More >>

Bod Australia signs deal to produce hemp-based mānuka honey

Thursday, 18 January 2018, 5:05 pm | BusinessDesk

Jan. 18 (BusinessDesk) - ASX-listed Bod Australia has signed an agreement with mānuka honey producer Manuka Pharma to produce a hemp-based honey product line. More >>

NZD drops on upbeat Fed report, Apple's tax bill

Thursday, 18 January 2018, 3:42 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar dropped more than half a US cent after upbeat comments from the US Federal Reserve and news Apple Inc's tax bill and investment plans will see more funds flow into the US may have galvanised investors ... More >>

Chorus connections fall, data usage expected to grow in 2018

Thursday, 18 January 2018, 2:54 pm | BusinessDesk

Jan. 18 (BusinessDesk) - Chorus lost 23,000 fixed-line connections in the final three months of 2017, shedding lines at the same pace as the September quarter when it embarked on a marketing campaign extolling the virtues of fixed-line service. More >>

Fletcher Building didn't breach NZX rules

Thursday, 18 January 2018, 1:20 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand stock exchange has found Fletcher Building did not breach continuous disclosure rules in relation to two forecast earnings downgrades last year. More >>

NZ Refining lifts 2017 fee revenue 19%

Thursday, 18 January 2018, 12:54 pm | BusinessDesk

Jan. 18 (BusinessDesk) - New Zealand Refining lifted processing fee income 19 percent in 2017 as the country's only refinery operator enjoyed wider margins in the year, helping offset a lower volume during the pipeline outage in September. More >>

NZ house sales slump in December but prices still firm

Thursday, 18 January 2018, 12:41 pm | BusinessDesk

Jan. 18 (BusinessDesk) - The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>

France's Ingenico eyes broader services with Paymark deal

Thursday, 18 January 2018, 12:24 pm | BusinessDesk

Jan. 18 (BusinessDesk) - French payments systems provider Ingenico plans to integrate New Zealand's Paymark payment network with its recently acquired Bambora business to offer a broader array of services to local retailers and financial institutions. More >>

NZ dollar gains as possible US govt shutdown looms

Thursday, 18 January 2018, 11:43 am | BusinessDesk

Jan. 18 (BusinessDesk) - The New Zealand dollar continued its volatile start to the year, rising back above 73 US cents as the threat of a federal government shutdown in the US weighs on the greenback. More >>



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