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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 110]
Queenstown the most popular among foreign buyers in 2018
Friday, 8 February 2019, 3:37 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand's high-profile tourist destination Queenstown was the most popular location for overseas buyers in 2018, although that demand tapered off once the government effectively blocked foreign purchasers in October. More >>
LIC more than doubles 1H net profit
Friday, 8 February 2019, 3:06 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, more than doubled its first half net profit as an emerging "no bull trend" gains traction and more farmers turn to artificial breeding to develop A2 herds and avoid ... More >>
Farmer confidence in NZ economy lowest in almost a decade
Friday, 8 February 2019, 2:05 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand farmer confidence in the economy hit its lowest level since July 2009, dented by global uncertainty and instability in key export markets. More >>
NAB's Henry and Thorburn fall on their swords
Friday, 8 February 2019, 12:38 pm | BusinessDesk
Feb. 8 (BusinessDesk) - National Australia Bank’s chair Ken Henry and chief executive Andrew Thorburn have fallen on their swords in the wake of Kenneth Hayne’s final report on his royal commission on financial services which was delivered on Monday. More >>
OMV plans $500 million-plus Taranaki investment
Friday, 8 February 2019, 12:32 pm | BusinessDesk
Feb. 8 (BusinessDesk) - OMV expects to invest more than $500 million in Taranaki in coming years to maintain production from the offshore Maui and Pohokura fields. More >>
NZ dollar rangebound on weak jobs, global growth woes
Friday, 8 February 2019, 11:26 am | BusinessDesk
Feb. 8 (BusinessDesk) - The New Zealand dollar stuck to a tight range after weaker-than-expected domestic jobs figures and as global growth woes continue to weigh on markets.. More >>
PM warns slowing global growth will weigh on NZ economy
Friday, 8 February 2019, 11:16 am | BusinessDesk
Feb. 8 (BusinessDesk) - Prime Minister Jacinda Ardern said New Zealand's economy remains "relatively strong" but warned that slowing global growth will have an impact. More >>
MARKET CLOSE: NZ shares gain on prospect of rate cut
Thursday, 7 February 2019, 8:51 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as prospect of rate cut stokes demand for yield stocks More >>
NZ dollar dives after weaker than expected jobs data
Thursday, 7 February 2019, 8:21 pm | BusinessDesk
Feb. 7 (BusinessDesk) - The New Zealand dollar fell an Australian cent and three-quarters of a US cent after weaker than expected employment figures revived the possibility that the Reserve Bank may cut interest rates. More >>
IAG's NZ premium growth and margins outpace Australia
Thursday, 7 February 2019, 8:02 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Australian insurance giant IAG’s premium growth from its New Zealand operations was nearly twice as brisk as in its home market in the six months ended December, although down 42 percent from a year earlier. More >>
Australia's Cimic gives Auckland rail the glad eye
Thursday, 7 February 2019, 7:37 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Australian construction firm Cimic Group has Auckland's rail network firmly in its sights, touting two projects in a list where it's been short-listed or is currently bidding. More >>
NZ 2-year swap falls to record low
Thursday, 7 February 2019, 7:36 pm | BusinessDesk
NZ 2-year swap falls to record low as traders increase bets on rate cut More >>
Downer's first-half NZ revenue flatlines
Thursday, 7 February 2019, 7:35 pm | BusinessDesk
Downer's first-half NZ revenue flatlines as Hawkins, utilities make up for slower transport sales More >>
Good news for ASB perpetual preference shares investors
Thursday, 7 February 2019, 4:08 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Investors in ASB perpetual preference shares are likely ecstatic that Commonwealth Bank of Australia has decided to redeem them on May 15. More >>
UPDATE: Weaker than expected jobs data in 4Q
Thursday, 7 February 2019, 3:44 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Fewer people had jobs in the December quarter and wage inflation remained tepid, something that could increase the likelihood of a rate cut in New Zealand. More >>
NZX trading quieter in January
Thursday, 7 February 2019, 2:44 pm | BusinessDesk
Feb. 7 (BusinessDesk) - NZX trading activity shrank in January from a year earlier and more was done off-market in a period capturing New Zealand's summer holiday. More >>
Weaker than expected jobs in December raises rate cut odds
Thursday, 7 February 2019, 2:06 pm | BusinessDesk
Weaker than expected jobs data in December raises rate cut prospects More >>
Biggest Hayne impact will be the ban on mortgage commissions
Thursday, 7 February 2019, 1:49 pm | BusinessDesk
Biggest Hayne impact on Heartland will be the ban on mortgage broker commissions More >>
Bigger tax take from GST, tobacco bolsters govt coffers
Thursday, 7 February 2019, 1:39 pm | BusinessDesk
Bigger tax take from GST, tobacco excise bolsters govt coffers in 6-month surplus More >>
Orion Health's McCrae to take firm private
Thursday, 7 February 2019, 1:38 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Orion Health Group's founder and biggest shareholder, Ian McCrae, is leading a consortium to end the healthcare software developer's four-year stint as a public company. More >>
