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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 115]
MARKET CLOSE: NZ shares edge higher, holidays sap volumes
Monday, 28 January 2019, 8:47 pm | BusinessDesk
Jan. 28 (BusinessDesk) - New Zealand shares edged higher in thin trading, with holidays in Auckland and Australia keeping a lid on activity. Fonterra Shareholders' Fund and Freightways gained. More >>
NZ dollar nudges higher as risk appetite returns
Monday, 28 January 2019, 8:32 pm | BusinessDesk
Jan. 28 (BusinessDesk) - The New Zealand dollar nudged higher against all major currencies amid continuing relief that at least one of the bugbears bedevilling global markets, the US government shutdown, has been resolved. More >>
Ex-KiwiBuild boss speaks out: style reflected urgency
Monday, 28 January 2019, 8:31 pm | BusinessDesk
Jan. 28 (BusinessDesk) - The ex-chief executive of the government's KiwiBuild initiative, Stephen Barclay, is accusing the Ministry of Housing and Urban Development of breaching his privacy by revealing that "leadership behaviour" was at the heart of ... More >>
Scott Tech, Mt Cook Alpine Salmon automated pin boning
Monday, 28 January 2019, 7:34 pm | BusinessDesk
Jan. 28 (BusinessDesk) - Scott Technology and Mt Cook Alpine Salmon have teamed up to automate the removal of pin bones from King salmon with backing of more than $500,000 from Seafood Innovations. More >>
Hydrogen unlikely to be economic for industrial heat
Monday, 28 January 2019, 4:43 pm | BusinessDesk
Hydrogen is unlikely to be a cost-competitive option for reducing emissions from heavy industry – even at carbon prices of more than $100 a tonne, government officials say. More >>
South Island tourism drives record NZ guest nights
Monday, 28 January 2019, 3:12 pm | BusinessDesk
New Zealand guest nights set a fourth straight annual record in November as both domestic and international tourism numbers continue to climb. More >>
Can NZ keep allowing private equity poaching?
Monday, 28 January 2019, 3:01 pm | BusinessDesk
Jan. 28 (BusinessDesk) - New Zealand needs to decide whether it’s acceptable for so many companies to be snapped up by overseas private equity firms long before those companies are developed enough to list on NZX, says Financial Markets Authority chief ... More >>
Synlait follows Fonterra with lower forecast farmgate payout
Monday, 28 January 2019, 12:05 pm | BusinessDesk
Jan. 28 (BusinessDesk) - Synlait Milk has cut its forecast payout to farmers for the current season, following Fonterra's lead, as weaker global demand and strong domestic production weighs on international prices. More >>
US govt resumption a monkey off market's back
Monday, 28 January 2019, 11:49 am | BusinessDesk
Jan. 28 (BusinessDesk) - The New Zealand dollar was trading near a two-week high against its US counterpart after the end of the partial government shutdown there removed one potential risk in global markets. More >>
Does a strong January for share markets bode well for 2019?
Monday, 28 January 2019, 11:18 am | BusinessDesk
Jan. 28 (BusinessDesk) - While currency markets have been roiled by fears about slowing global growth, trade tensions between the United States and China, the thankfully-ended US government shutdown and ongoing Brexit woes, major share markets have sailed blithely ... More >>
MARKET CLOSE: NZ stocks inch higher ahead of earnings season
Friday, 25 January 2019, 9:16 pm | BusinessDesk
Jan. 25 (BusinessDesk) - New Zealand shares inched higher but trading was mixed as investors prepare for the local earnings season and hope for progress on the on-going trade dispute between China and the US. More >>
NZ dollar ends the week higher as rate cut expectations fall
Friday, 25 January 2019, 8:31 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The New Zealand dollar is little changed today but higher than it started the week after inflation figures out on Wednesday led investors to pare back the odds of an interest rate cut this year. More >>
Reserve Bank extends consultation on new capital rules
Friday, 25 January 2019, 8:30 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The Reserve Bank of New Zealand has added a little over a month for submissions on its proposals to require the country's largest banks to carry substantially more capital on their balance sheets to reduce the risk of bank ... More >>
UPDATE: Oceania Healthcare first-half result down
Friday, 25 January 2019, 8:28 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Oceania Healthcare’s first-half net profit plummeted 97 percent, mainly reflecting the demolition of a care facility in Tauranga, other property related costs and higher care wages. More >>
AMP warns 2018 net profit may fall to A$30 million
Friday, 25 January 2019, 4:46 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The fallout from the scandals exposed by Australia’s royal commission into financial services and the costs of remediation are behind life industry giant AMP’s plummeting profits. More >>
Net migration slows, may have peaked in 2016: new data
Friday, 25 January 2019, 4:29 pm | BusinessDesk
Jan. 25 (BusinessDesk) - New statistics suggest the strong migration that has fuelled much of the country’s recent economic growth and housing demand may have peaked a year earlier than previously thought. More >>
Cryptopia investors worried by lack of information
Friday, 25 January 2019, 3:37 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Investors caught up in the multi-million dollar Cryptopia digital currency hack are increasingly worried about the lack of information coming out of the company and the police, says a New Zealand expert. More >>
Govt plans tougher anti-competition measures
Friday, 25 January 2019, 2:44 pm | BusinessDesk
Jan. 25 (BusinessDesk) - The government is considering adapting Australian competition law to improve local legislation barring anti-competitive conduct. More >>
AMP warns 2018 net profit likely to be just A$30 million
Friday, 25 January 2019, 2:24 pm | BusinessDesk
Jan. 25 (BusinessDesk) - AMP says it expects to report an underlying profit of about A$680 million for calendar 2018 but that net profit attributable to shareholders will be just A$30 million. More >>
Oceania Healthcare first-half result down on property, wages
Friday, 25 January 2019, 1:43 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Oceania Healthcare’s first-half net profit plummeted 97 percent, reflecting the demolition of a care facility in Tauranga, other property related costs and the impact of the pay equity deal for aged care workers on wages. More >>
