BusinessDesk - Latest News [Page 1]

Job Done for winning pitch in Fonterra innovation comp

Tuesday, 1 September 2015, 5:50 pm | BusinessDesk

Sept. 1 (BusinessDesk) - It is indeed “job done” for the digital innovation start up of the same name which has secured a business relationship with dairy giant Fonterra Cooperative Group after delivering the winning pitch at an Auckland innovation event ... More >>

MARKET CLOSE: NZ shares mixed amid weak China manufacturing

Tuesday, 1 September 2015, 5:32 pm | BusinessDesk

MARKET CLOSE: NZ shares fall as weak China manufacturing spurs regional selloff; ANZ, Westpac, Chorus decline More >>

NZ dollar gains ahead of dairy auction

Tuesday, 1 September 2015, 5:12 pm | BusinessDesk

Sept. 1 (BusinessDesk) - The New Zealand dollar recovered some of yesterday's decline ahead of the latest dairy products auction, which will likely show a lift in prices, while weak Chinese manufacturing data continued to keep traders nervous. More >>

Australian central bank keeps cash rate unchanged at 2%

Tuesday, 1 September 2015, 4:58 pm | BusinessDesk

Sept. 1 (BusinessDesk) - The Reserve Bank of Australia kept its cash rate unchanged at a record low 2 percent for a fourth month, reiterating that domestic inflation pressures remain "contained" and the Australian dollar is adjusting to ... More >>

Pressing need for basics overtakes Chch 'smart city' plan

Tuesday, 1 September 2015, 4:34 pm | BusinessDesk

Sept. 1 (BusinessDesk) - A plan to transform Christchurch into "the world's smartest city", taking advantage of the earthquake rebuild to incorporate 'intelligent infrastructure' that could monitor and optimise use of services like energy and water, ... More >>

Hubbard Management Funds investors get their money back, wit

Tuesday, 1 September 2015, 4:20 pm | BusinessDesk

Sept. 1 (BusinessDesk) - The 300 or so investors in Hubbard Management Funds have been repaid the $35.6 million capital they initially invested after a five-year statutory management, where the administrators had to pick apart "poor accounting records" ... More >>

Just Water posts 17% decline in annual profit

Tuesday, 1 September 2015, 3:50 pm | BusinessDesk

Sept. 1 (BusinessDesk) - Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, reported a 17 percent drop in annual profit, as restructuring costs weighed on the bottom line. More >>

Commerce Commission files charges against mobile trader

Tuesday, 1 September 2015, 3:22 pm | BusinessDesk

Sept. 1 (BusinessDesk) - The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. More >>

Airways meets govt request for higher dividend payments

Tuesday, 1 September 2015, 2:09 pm | BusinessDesk

Sept. 1 (BusinessDesk) - Airways Corp of New Zealand, the state-owned enterprise in charge of the nation's air traffic control, has met a government request for a higher dividend payment in its latest financial year and promised to increase it ... More >>

Straker Translations raises $6mln with Kirk's cornerstone

Tuesday, 1 September 2015, 2:03 pm | BusinessDesk

Sept. 1 (BusinessDesk) - Online translations company Straker Translations has raised $6 million to help fund its international expansion, including $4 million from David Kirk’s Bailador Investments. More >>

Kiwi dairy farmers face world's lowest payout

Tuesday, 1 September 2015, 12:58 pm | BusinessDesk

Kiwi dairy farmers feeling the pinch are right - their payout is the world's lowest More >>

Snakk founder Derek Handley to leave board, shares fall

Tuesday, 1 September 2015, 12:04 pm | BusinessDesk

Sept. 1 (BusinessDesk) - Snakk Media founder Derek Handley will step down as chairman of the mobile advertising technology company by the end of the year in a wider boardroom shuffle. More >>

NZ house values accelerate at fastest annual pace in 8 years

Tuesday, 1 September 2015, 12:00 pm | BusinessDesk

NZ house values accelerate at fastest annual pace in 8 years, pushed by Auckland surge More >>

Rural Equities posts 27% decline in FY earnings

Tuesday, 1 September 2015, 11:39 am | BusinessDesk

Sept. 1 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, posted a 27 percent decline in annual earnings as milk prices plummeted. More >>

NZ terms of trade rise 1.3% in 2Q

Tuesday, 1 September 2015, 11:36 am | BusinessDesk

NZ terms of trade rise 1.3% in 2Q, as weaker kiwi helps bolster exports More >>

Sanford quits Pacific tuna unit, lines up buyers for boats

Tuesday, 1 September 2015, 10:42 am | BusinessDesk

Sept. 1 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, will quit its underperforming Pacific tuna business and put the unit's fleet up for sale. More >>

OceanaGold raises 2015 production estimate to reflect Waihi

Tuesday, 1 September 2015, 10:36 am | BusinessDesk

Sept. 1 (BusinessDesk) - OceanaGold Corp expects 2015 production to increase while costs fall after the gold miner takes control of Waihi Gold Mine later this year. More >>

Sea Dragon bosses to take up to $300,000 in rights offer

Tuesday, 1 September 2015, 10:16 am | BusinessDesk

Sea Dragon bosses to take up to $300,000 in rights offer By Suze Metherell More >>

NZ dollar drops as investors sell high yielding currencies

Tuesday, 1 September 2015, 8:34 am | BusinessDesk

Sept. 1 (BusinessDesk) - The New Zealand dollar fell as investors sell higher yielding currencies in anticipation of interest rate hikes in the US. More >>

While you were sleeping: Defensive positioning rules

Tuesday, 1 September 2015, 7:18 am | BusinessDesk

Sept. 1 (BusinessDesk) - Wall Street moved lower, after US Federal Reserve officials left open the door for an interest rate hike in September and amid lingering concerns about the outlook for China’s economy. More >>



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