BusinessDesk - Latest News [Page 2]

NZD weaker as global risk aversion picks up

Thursday, 15 August 2019, 11:12 am | BusinessDesk

Aug. 15 (BusinessDesk) - The New Zealand dollar fell as global risk aversion picked up again after US Treasury yield curve inverted briefly overnight, often viewed as a sign of looming recession. More >>

MARKET CLOSE: NZ shares dip

Wednesday, 14 August 2019, 9:01 pm | BusinessDesk

Aug. 14 (BusinessDesk) - New Zealand shares dipped as the local reporting season continued to meet expectations with SkyCity Entertainment Group posting a small increase in underlying earnings and signalling growth in the current year. More >>

NZ dollar pushed and pulled

Wednesday, 14 August 2019, 8:20 pm | BusinessDesk

Aug. 14 (BusinessDesk) - The New Zealand dollar was little changed after worse-than-expected Chinese economic data tempered early enthusiasm after US President Donald Trump said he would delay tariffs on imports of some consumer goods from China. More >>

Potatoes vs people: govt moves to protect top vege-growing

Wednesday, 14 August 2019, 7:48 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Lifestyle blocks and new subdivisions will be far harder to develop on areas of rich soil under a new national policy statement on highly productive land unveiled for submissions by the government today. More >>

International guest nights plumb 3-year low

Wednesday, 14 August 2019, 5:15 pm | BusinessDesk

Aug. 14 (BusinessDesk) - New Zealand's accommodation operators reported the fewest monthly international guest nights for three years in June as the tourism boom tapers off. More >>

Fonterra woes a drag for two biggest shareholders

Wednesday, 14 August 2019, 3:27 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Fonterra Cooperative Group's two biggest shareholders – Dairy Holdings and state-owned Landcorp Farming – say the latest downgrade will weigh on their own earnings and add to farmer malaise against a backdrop of already ... More >>

Cannasouth issues shares to fund cultivation facility

Wednesday, 14 August 2019, 3:16 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Cannasouth will raise another $1 million from an issue of new shares, just two months after its initial public offer, to fund a joint venture to build and own a cannabis cultivation facility. More >>

SkyCity's profit dips as high rollers win more than epected

Wednesday, 14 August 2019, 1:56 pm | BusinessDesk

Aug. 14 (BusinessDesk) - SkyCity Entertainment Group’s full year net profit dipped as it faced a bigger tax bill and ended up paying more than expected to lucky high rollers but underlying earnings beat expectations. More >>

Infratil directors' fee increase gets NZSA tick of approval

Wednesday, 14 August 2019, 12:45 pm | BusinessDesk

Aug. 14 (BusinessDesk) - Days after announcing that it will vote against Xero’s proposed increase in directors’ fees, the New Zealand Shareholders’ Association is holding out Infratil as an example of best practice of how to go about getting ... More >>

NZ dollar gets lift from tariff delay on some China goods

Wednesday, 14 August 2019, 11:35 am | BusinessDesk

Aug. 14 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen as risk appetite got a solid lift from news that some US tariffs would be delayed. More >>

MARKET CLOSE: NZ shares join global lull

Tuesday, 13 August 2019, 8:57 pm | BusinessDesk

Aug. 13 (BusinessDesk) - New Zealand shares joined a global decline as investors remain unnerved by heightened geopolitical tensions. Domestic earnings met expectations but failed to stoke local investor confidence. More >>

NZ dollar stalled; Hong Kong latest focus of China worries

Tuesday, 13 August 2019, 8:33 pm | BusinessDesk

Aug. 13 (BusinessDesk) - The New Zealand dollar was little changed as investors eyed the unrest in Hong Kong amid speculation as to what China may do next after calling anti-government protests the first signs of “terrorism.” More >>

Foodstuffs disappointed at Countdown case

Tuesday, 13 August 2019, 8:31 pm | BusinessDesk

Aug. 13 (BusinessDesk) - Pak’nSave owner Foodstuffs said it is disappointed a fight over lease covenants will likely play out in secret, following a High Court ruling. More >>

Govt too blase about AI threat, visiting professor warns

Tuesday, 13 August 2019, 4:39 pm | BusinessDesk

Aug. 13 (BusinessDesk) - London School of Economics professor Robert Wade says officials in Wellington are too blase about the impact of artificial intelligence, one of four factors he sees contributing to how the “Trump era” could last 30 years. More >>

UPDATE: NZX forecasts profit rise

Tuesday, 13 August 2019, 4:16 pm | BusinessDesk

Aug. 13 (BusinessDesk) - Stock exchange operator NZX’s first-half net profit jumped 46 percent but only because losses from since sold businesses dragged down the previous first-half result, although it is predicting a better full-year result. More >>

Vodafone lands Microsoft executive for business role

Tuesday, 13 August 2019, 3:49 pm | BusinessDesk

Aug. 13 (BusinessDesk) - Vodafone New Zealand boss Jason Paris has made a key appointment to the telco’s executive team, snaring Microsoft executive Lindsay Zwart. More >>

Government statistician falls on sword after census review

Tuesday, 13 August 2019, 2:50 pm | BusinessDesk

Aug. 13 (BusinessDesk) - Government statistician Liz MacPherson has resigned after the release of an independent review of New Zealand’s 2018 census. More >>

Meat prices boost July food prices

Tuesday, 13 August 2019, 2:41 pm | BusinessDesk

Aug. 13 (BusinessDesk) - Rising chicken, lamb and beef prices helped push New Zealand’s food prices higher in July. More >>

NZX forecasts profit rise as growth initiatives pay off

Tuesday, 13 August 2019, 1:12 pm | BusinessDesk

Aug. 13 (BusinessDesk) - Stock exchange operator NZX’s first-half net profit jumped 46 percent but only because losses from since sold businesses dragged down the previous first-half result, although it is predicting a better full-year result. More >>

Wrightson earnings slide as gloomy farmers cut spending

Tuesday, 13 August 2019, 1:06 pm | BusinessDesk

Aug. 13 (BusinessDesk) - A skinnier PGG Wrightson reported a 29 percent slide in annual earnings from its remaining businesses as the Mycoplasma bovis outbreak curbed spending by farmers. More >>



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