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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.

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Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 113]

MARKET CLOSE: NZ shares join global rally

Thursday, 31 January 2019, 8:55 pm | BusinessDesk

MARKET CLOSE: NZ shares join global rally as Fed poised to keep rates low; Air NZ falls again More >>

NZ dollar at 6-week high after dovish Fed, S&P lifts outlook

Thursday, 31 January 2019, 8:54 pm | BusinessDesk

NZ dollar at 6-week high after dovish Fed, S&P lifts outlook on NZ More >>

Brookfields looking for a deal with NorthWest over Healthsco

Thursday, 31 January 2019, 8:53 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Healthscope’s takeover suitor Brookfields is looking to cut a deal with fellow Canadian property company NorthWest Healthcare Properties Real Estate Investment Trust, according to the Australian Financial Review. More >>

80% of NZ websites verge on narcissistic, survey finds

Thursday, 31 January 2019, 8:52 pm | BusinessDesk

Jan. 31 (BusinessDesk) - As few as 5 percent of NZ business websites have a clear purpose, according to an informal survey. Up to 80 percent are narcissistic. And this is turning customers away. More >>

KiwiRail pleased with early Northland studies

Thursday, 31 January 2019, 8:50 pm | BusinessDesk

Jan. 31 (BusinessDesk) - KiwiRail says it is pleased with work undertaken to date on a potential extension of its rail network to Northport at Marsden Point. More >>

Bathurst picking further production gains

Thursday, 31 January 2019, 8:49 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Bathurst Resources, the country’s biggest coal miner, is expecting production to climb to about 2.6 million tonnes during the next two years. More >>

Fitch Ratings says reforms likely to hamper life insurance

Thursday, 31 January 2019, 8:48 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Fitch Ratings says growth of the New Zealand life insurance industry is likely to be hampered in the short term while insurers address the issues raised by regulators about their conduct. More >>

Standard & Poor's lifts NZ's outlook to positive

Thursday, 31 January 2019, 5:34 pm | BusinessDesk

Standard & Poor's Global Ratings revised New Zealand's outlook to positive on its improving fiscal position. More >>

NZ fund manager buys embattled Mahana winery from receiver

Thursday, 31 January 2019, 5:31 pm | BusinessDesk

Wellington-based fund manager Booster has bought a big stake in Mahana Estates, a winery which went into receivership last year after a Wild West-style shareholder dispute. More >>

Analyst warns Air New Zealand may be in for more pain

Thursday, 31 January 2019, 4:08 pm | BusinessDesk

First NZ Capital analyst Andrew Steele warns Air New Zealand's earnings may come under more strain if the airline's weaker-than-expected bookings are a sign of consumer malaise. More >>

ComCom eyes terminal, refinery access in fuel market study

Thursday, 31 January 2019, 3:02 pm | BusinessDesk

The Commerce Commission wants to understand whether access to locally made fuel and its delivery and storage around the country may be limiting competition. More >>

NZ needs pay reforms to avoid 'yellow vests' populism - Bolger

Thursday, 31 January 2019, 3:01 pm | BusinessDesk

National wage bargaining arrangements that help deal with both high income inequality and low productivity are key to New Zealand avoiding the rise of populist politics seen in other parts of the world, says the chair of the Fair Pay Agreements Working ... More >>

Helpful weather underpins higher NZ milk collection

Thursday, 31 January 2019, 2:06 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Fonterra Cooperative Group said milk collection was up 4.1 percent for the season-to-date in December as a mild start to summer supported pasture growth. More >>

Cryptopia might reopen in February, NZ Police says

Thursday, 31 January 2019, 1:24 pm | BusinessDesk

Jan. 31 (BusinessDesk) - Police investigating the hack of millions of dollars of cryptocurrencies from Christchurch digital assets exchange Cryptopia, told investors the company could be back up and running within the next couple of weeks. More >>

RBNZ bank capital proposals will drive up rates

Thursday, 31 January 2019, 12:34 pm | BusinessDesk

Jan. 31 (BusinessDesk) - The Reserve Bank’s proposed doubling of required bank capital will drive up interest rates and reduce available credit and slow economic growth, says Milford Asset Management analyst Ian Robertson. More >>

NZ dollar jumps half a US cent

Thursday, 31 January 2019, 11:51 am | BusinessDesk

Jan. 31 (BusinessDesk) - The New Zealand dollar jumped about half a US cent after the Federal Reserve kept interest rates unchanged and was cautious about the pace and timing of any future hikes. More >>

Govt to 'take time to get it right' on new wage proposals

Thursday, 31 January 2019, 10:49 am | BusinessDesk

The government's tri-partite working group on a new system of Fair Pay Agreement national wage bargaining has agreed a broad framework, but employers are baulking at a proposal to require all workers in a sector or occupation to be represented ... More >>