BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares gain; A2, Kiwi Property rise

Friday, 5 February 2016, 5:54 pm | BusinessDesk

Feb. 5 (BusinessDesk) - New Zealand shares rose, led by milk marketer A2 Milk Co and Air New Zealand, although the value of trading continued to be relatively light as volatility in world markets and commodities kept some investors on the sidelines. ... More >>

NZ dollar slips from month-high ahead of US payrolls

Friday, 5 February 2016, 5:32 pm | BusinessDesk

Feb. 5 (BusinessDesk) - The New Zealand dollar fell from a month-high ahead of employment data in the US that may give investors more clarity on how much time the US Federal Reserve will take to raise interest rates again. More >>

Fonterra offers organic farmers new market returns formula

Friday, 5 February 2016, 4:14 pm | BusinessDesk

Feb. 5 (BusinessDesk) - Fonterra Cooperative Group is for the first time offering its organic dairy farmers a payout based on market returns in a bid to boost organic supply as competition and consumer demand increase. More >>

NZX dairy futures point to further decline in WMP

Friday, 5 February 2016, 2:57 pm | BusinessDesk

NZX dairy futures point to further decline in whole milk powder from six-month low More >>

Fresh NZ seafood reaches China via Alibaba's Tmall platform

Friday, 5 February 2016, 2:40 pm | BusinessDesk

Feb. 5 (BusinessDesk) - Fresh New Zealand seafood is being shipped directly to consumers in mainland China using Alibaba Group Holding's third-party sales platform, Tmall.com. More >>

Zespri and T&G's collaboration an example for all industry

Friday, 5 February 2016, 1:43 pm | BusinessDesk

Feb. 5 (BusinessDesk) - Horticulture New Zealand says the memorandum of understanding signed today between former foes Zespri and T&G Global is an example of how the horticultural industry will achieve a planned doubling in value by 2020. More >>

NZ wool prices slip on higher kiwi, reduced China demand

Friday, 5 February 2016, 1:26 pm | BusinessDesk

Feb. 5 (BusinessDesk) - New Zealand wool prices declined as an increase in the kiwi dollar made the country's exports less attractive. More >>

Small cost in removing carbon subsidy for big emitters:NZIER

Friday, 5 February 2016, 11:26 am | BusinessDesk

Feb. 5 (BusinessDesk) - Removing the current subsidy for heavy emitters of greenhouse gases from the emissions trading scheme would impose "a small cost on the economy as a whole" and would be more heavily borne by the agricultural and extractive ... More >>

UPDATE2: Hallenstein shares fall on profit, dividend drop

Friday, 5 February 2016, 11:14 am | BusinessDesk

Feb. 5 (BusinessDesk) - Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20 percent, and it will trim its interim dividend, because a weaker New Zealand dollar and competition crimped margins. More >>

UPDATE: Hallenstein shares tumble on lower profit, dividend

Friday, 5 February 2016, 10:58 am | BusinessDesk

Feb. 5 (BusinessDesk) - Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20 percent, and it will trim its interim dividend, because a weaker New Zealand dollar and competition crimped margins. More >>

NZ directors more aware of risk, focus on cyber security

Friday, 5 February 2016, 10:24 am | BusinessDesk

Feb. 5 (BusinessDesk) - Directors of New Zealand companies are increasingly aware of risk, with more focus on online threats while reputation remains important, according to a survey from the Institute of Directors and risk management firm Marsh. More >>

Hallenstein 1H profit falls 20% on competition, weak kiwi

Friday, 5 February 2016, 9:29 am | BusinessDesk

Feb. 5 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, said profit declined about 20 percent in the first-half as a weaker New Zealand dollar and competition crimped margins. More >>

NZ dollar hits fresh monthly high on fed hike doubts

Friday, 5 February 2016, 8:46 am | BusinessDesk

Feb. 5 (BusinessDesk) - The New Zealand dollar hit a new month-high as doubts grow as to whether the Federal Reserve will continue hiking interest rates this year, damping demand for the greenback. More >>

While you were sleeping: US dollar loses lustre

Friday, 5 February 2016, 7:36 am | BusinessDesk

Feb. 5 (BusinessDesk) - Wall Street was mixed, as oil prices fluctuated, and the US dollar weakened as investors increasingly bet the Federal Reserve may hold off on raising interest rates. More >>

MARKET CLOSE: NZ shares rise ahead of earnings season

Thursday, 4 February 2016, 5:46 pm | BusinessDesk

MARKET CLOSE: NZ shares rise ahead of earnings season; Steel & Tube, Westpac gain, Z, Skellerup fall More >>

NZ dollar holds high on jobs stats, Wheeler guidance

Thursday, 4 February 2016, 5:42 pm | BusinessDesk

Feb. 4 (BusinessDesk) - The New Zealand dollar traded near a month-high as stronger headline labour market data and signals from Reserve Bank governor Graeme Wheeler that he won't rush to cut interest rates trumped weaker prices at this week's dairy ... More >>

Gvt plan for Northland targets transport, web, Maori assets

Thursday, 4 February 2016, 5:00 pm | BusinessDesk

Feb. 4 (BusinessDesk) - The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, ... More >>

NZ Honey's fight with MPI reaches Court of Appeal

Thursday, 4 February 2016, 4:57 pm | BusinessDesk

Feb. 4 (BusinessDesk) - The stoush between New Zealand Honey International and the Ministry for Primary Industries over labelling has reached the Court of Appeal. More >>

NZ Honey's fight with MPI reaches Court of Appeal

Thursday, 4 February 2016, 4:57 pm | BusinessDesk

Feb. 4 (BusinessDesk) - The stoush between New Zealand Honey International and the Ministry for Primary Industries over labelling has reached the Court of Appeal. More >>

Dick Smith employees in Australia underpaid by A$2 mln

Thursday, 4 February 2016, 4:26 pm | BusinessDesk

Feb. 4 (BusinessDesk) - Current and former New Zealand employees of Dick Smith are not part of the underpayment of staff annual leave, affecting entitlements worth A$2 million uncovered by the retail chain’s receiver, Ferrier Hodgson. More >>

 

 

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