BusinessDesk - Latest News [Page 2]

Chorus appoints former NBN exec JB Rousselot as new CEO

Wednesday, 9 October 2019, 12:24 pm | BusinessDesk

Chorus has looked across the Tasman for someone to take over the reins, hiring former NBN executive JB Rousselot as chief executive effective from Nov. 20. More >>

OPINION: The elephant in RBNZ's bank capital room

Wednesday, 9 October 2019, 11:55 am | BusinessDesk

The most surprising thing about the Reserve Bank's proposed new bank capital rules remains that nobody has attempted to explain why we shouldn't believe the results of the RBNZ's own stress-testing of the major banks. More >>

National Party open to higher methane targets

Wednesday, 9 October 2019, 11:54 am | BusinessDesk

Methane reduction targets proposed as part of the country’s climate change response should be determined by the Climate Commission, even if that results in higher thresholds than those proposed now, National Party climate change spokesman Scott Simpson says. More >>

Stanley-Tallwood liquidator plans director deal

Wednesday, 9 October 2019, 11:29 am | BusinessDesk

The liquidator for Stanley Group, Tallwood Holdings and associated companies wants to cut a deal with its directors and get them to pay subbies to make up for the lack of retentions held. More >>

NZ dollar lifts against British pound on Brexit jitters

Wednesday, 9 October 2019, 11:06 am | BusinessDesk

The New Zealand dollar gained against the British pound on growing concerns about the likelihood of a no-deal Brexit. More >>

MARKET CLOSE: NZ shares join Asian rally

Tuesday, 8 October 2019, 9:29 pm | BusinessDesk

New Zealand shares joined a rally across Asia as investors were more optimistic about the upcoming trade negotiations between the US and China. More >>

NZ dollar rises on better-than-expected govt surplus

Tuesday, 8 October 2019, 8:23 pm | BusinessDesk

The New Zealand dollar clawed its way back over the 63 US cent mark after the government's larger-than-expected budget surplus cheered investors. More >>

Transmission Gully contractor suing NZTA for $352m

Tuesday, 8 October 2019, 7:43 pm | BusinessDesk

Transmission Gully contractor Wellington Gateway Partnership is seeking $352 million from the New Zealand Transport Agency over delays in starting the work. More >>

NZ to go Dutch to battle climate change

Tuesday, 8 October 2019, 7:42 pm | BusinessDesk

Dutch and Kiwi farmers must innovate together, the Prime Minister of the Netherlands Mark Rutte said, announcing a joint cooperation statement on climate change with New Zealand today. More >>

UPDATE: Sage defeated in new Waihi mine decision

Tuesday, 8 October 2019, 7:41 pm | BusinessDesk

(Updates to add comment from OceanaGold, the Employers and Manufacturers Association and BusinessNZ, beginning in paragraph 12). More >>

Small end of town needs to chip in on climate change - Carr

Tuesday, 8 October 2019, 4:44 pm | BusinessDesk

Corporate New Zealand is increasingly engaged on the real challenges of climate change but the nation’s efforts will need to be much broader based to be effective, the new head of the Climate Change Commission says. More >>

Rail revaluation bolsters Crown 2019 accounts

Tuesday, 8 October 2019, 4:16 pm | BusinessDesk

The government's annual accounts were healthier than predicted, due in large part to a $2.6 billion reversal in earlier writedowns to the value of the rail network, and a bigger tax take. More >>

ANZ Bank raises Australian remediation costs for 2019

Tuesday, 8 October 2019, 3:19 pm | BusinessDesk

ANZ Bank, the Australia-based parent of New Zealand's largest bank, says its annual results will be hit by an A$559 million after-tax charge to cover the costs of remediating over-charging and mis-selling products to its customers. More >>

OceanaGold cleared to buy land for Waihi tailings expansion

Tuesday, 8 October 2019, 3:17 pm | BusinessDesk

In a surprise turnaround, the government has given OceanaGold a greenlight to buy land to expand its Waihi mine after the application was previously turned down by Land Information Minister Eugenie Sage. More >>

Shares in AFT Pharma gain on cannabis deal

Tuesday, 8 October 2019, 3:16 pm | BusinessDesk

Shares in AFT Pharmaceuticals have risen on the news it has signed a memorandum of understanding to work with medicinal cannabis company SETEK. More >>

Shane Jones' PGF quietly made tax-exempt

Tuesday, 8 October 2019, 2:07 pm | BusinessDesk

The government has quietly added Shane Jones' Provincial Growth Fund to the list of government entities that are exempt from paying tax. More >>

Carr named to chair Climate Change Commission

Tuesday, 8 October 2019, 1:43 pm | BusinessDesk

Former Reserve Bank chair Rod Carr has been appointed chair-designate of the independent Climate Change Commission. More >>

Ofer Global Group lifts takeover bid for NZOG by 19%

Tuesday, 8 October 2019, 12:41 pm | BusinessDesk

Ofer Global Group has lifted its offer for minority holders of New Zealand Oil & Gas by 12 cents to 74 cents a share. More >>

Mercury CEO Whineray to leave next year

Tuesday, 8 October 2019, 12:15 pm | BusinessDesk

Mercury NZ chief executive Fraser Whineray will leave the electricity sector next year to take a senior role at Fonterra Cooperative Group. More >>

Summerset's 3Q sales up 11.5% on the year

Tuesday, 8 October 2019, 12:07 pm | BusinessDesk

Summerset Group’s third-quarter sales were up 11.5 percent from a year earlier as resales lifted and new sales remained firm. More >>

   

 

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