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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1016]
NZ dollar falls on concern about lower dairy prices
Thursday, 3 April 2014, 9:13 am | BusinessDesk
April 3 (BusinessDesk) – The New Zealand dollar was the worst-performing major currency overnight on speculation lower dairy commodity prices will weigh on economic growth. More >>
NZ dollar falls on concern about lower dairy prices
Thursday, 3 April 2014, 9:13 am | BusinessDesk
April 3 (BusinessDesk) – The New Zealand dollar was the worst-performing major currency overnight on speculation lower dairy commodity prices will weigh on economic growth. More >>
NZ share trading busier in March, though value slides
Thursday, 3 April 2014, 9:03 am | BusinessDesk
April 3 (BusinessDesk) - The volume of trading on New Zealand’s share market continued to gain in March, though the value of activity fell for a fourth month. More >>
Testimony may pose ‘real difficulties' for MFS Pacific claim
Thursday, 3 April 2014, 8:11 am | BusinessDesk
Former MFS Pacific CFO’s testimony may pose ‘real difficulties’ for receiver’s claim, says judge More >>
PushPay raises $5.1 mln, plans for small cap listing
Thursday, 3 April 2014, 8:03 am | BusinessDesk
April 3 (BusinessDesk) – Mobile payments app developer PushPay is heading for a compliance listing on the New Zealand small cap board, following two rounds of capital-raising since December, which have brought on Auckland private investors the Huljich family ... More >>
While you were sleeping: US jobs, factory orders
Thursday, 3 April 2014, 7:33 am | BusinessDesk
April 3 (BusinessDesk) – The Standard & Poor’s 500 Index rose to a fresh record after solid data on US jobs and factory orders underpinned optimism about the outlook for the world’s largest economy. More >>
MARKET CLOSE: NZ stocks fall as Xero’s growth falters
Wednesday, 2 April 2014, 5:49 pm | BusinessDesk
April 2 (BusinessDesk) – New Zealand shares fell for a third day, paced by Xero as investors turned away from the high growth stock after an analyst revised their forecasted subscription rate for the company. Outside the benchmark index Synlait ... More >>
Commerce Commission delays court filings in swaps case
Wednesday, 2 April 2014, 5:16 pm | BusinessDesk
April 2 (BusinessDesk) - The Commerce Commission has pushed out its deadline to file proceedings against three Australian-owned banks over their sale of interest rate swap contracts to farmers, saying it’s looking at new information. More >>
NZ dollar drops as weak dairy auction raises rate hike doubt
Wednesday, 2 April 2014, 5:04 pm | BusinessDesk
April 2 (BusinessDesk) - The New Zealand dollar fell after weaker prices at the Fonterra Cooperative Group’s online auction spurred speculation the Reserve Bank may not hike interest rates as aggressively as anticipated this year. More >>
NZ commodity prices fall for first time in 4 months in March
Wednesday, 2 April 2014, 1:46 pm | BusinessDesk
NZ commodity prices fall for first time in four months in March, as cheese, milk powder decline More >>
HK-listed Greenheart buoyed by Chinese demand for NZ logs
Wednesday, 2 April 2014, 11:45 am | BusinessDesk
April 2 (BusinessDesk) - Hong Kong-listed Greenheart Group, which owns the 13,000 hectare Mangakahia forestry estate in Northland, narrowed its annual loss as the New Zealand unit propped up the forestry group with growing Chinese demand for logs. More >>
NZF Group restates first-half results for the second time
Wednesday, 2 April 2014, 11:44 am | BusinessDesk
April 2 (BusinessDesk) - NZF Group, the financial services company fined and suspended from trading on the New Zealand stock exchange last year after a four-and-a-half month delay in filing its annual report, has restated its first half report for the ... More >>
Postie Plus faces April 8 deadline to file annual report
Wednesday, 2 April 2014, 11:08 am | BusinessDesk
Postie Plus shares face suspension if it misses April 8 deadline for earnings, NZX regulator says More >>
Government opens eight areas for oil and gas exploration
Wednesday, 2 April 2014, 10:15 am | BusinessDesk
April 2 (BusinessDesk) – The New Zealand government has opened eight new areas for oil and gas exploration in its 2014 Block Offer, unveiled at a petroleum conference in Wellington by Energy Minister Simon Bridges. More >>
NZ dollar rises to highest in more than six years vs. yen
Wednesday, 2 April 2014, 9:02 am | BusinessDesk
NZ dollar rises to highest in more than six years against yen as investors bet on global recovery More >>
Dairy product prices tumble 8.9%
Wednesday, 2 April 2014, 7:43 am | BusinessDesk
April 2 (BusinessDesk) - Dairy product prices had the biggest drop in almost 20 months at Fonterra Cooperative Group's latest GlobalDairyTrade auction as whole milk powder fell to its lowest level in more than a year. More >>
While you were sleeping: US manufacturing delivers
Wednesday, 2 April 2014, 7:35 am | BusinessDesk
April 2 (BusinessDesk) – Equities advanced, pushing the Standard & Poor’s 500 Index to a record high, as the latest manufacturing data showed that the US economic recovery remained on track. More >>
MARKET CLOSE: NZ growth stocks fall as Genesis sale looms
Tuesday, 1 April 2014, 5:37 pm | BusinessDesk
MARKET CLOSE: NZ growth stocks fall as investors raise cash for Genesis; Pacific Edge, Xero drop More >>
NZ dollar little changed against Aussie as RBA holds rates
Tuesday, 1 April 2014, 5:16 pm | BusinessDesk
April 1 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold and said it expects limited gains from a weaker Australian currency. More >>
Australia’s central bank keeps key rate at 2.5 percent
Tuesday, 1 April 2014, 5:01 pm | BusinessDesk
Australia’s central bank keeps key rate at 2.5 percent, less bullish on China More >>
