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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 117]
Eroad lifts sales growth in December quarter
Wednesday, 23 January 2019, 12:39 pm | BusinessDesk
Jan. 23 (BusinessDesk) - Logistics and fleet management technology firm Eroad reported a lift in the number of units sold in the third quarter of its financial year, despite the holiday season. More >>
NZ dollar eases against pound; stalled ahead of CPI
Wednesday, 23 January 2019, 12:16 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The New Zealand dollar, little changed ahead of key inflation data today, slipped to a fresh two-month low against the British pound on stronger-than-expected employment and wages data there. More >>
NZ shares fell on global growth concerns
Tuesday, 22 January 2019, 8:55 pm | BusinessDesk
Jan. 22 (BusinessDesk) - New Zealand shares fell as investors fretted about a possible slowdown in global growth. Spark saw the heaviest volumes traded. More >>
KiwiBuild a 'massive political distraction'
Tuesday, 22 January 2019, 8:54 pm | BusinessDesk
Jan. 22 (BusinessDesk) - KiwiBuild is a "massive political and bureaucratic distraction" compared to a range of the government's other policies that should help deal with New Zealand's chronic housing unaffordability, the New Zealand Initiative ... More >>
New Zealand dollar becalmed ahead of CPI data
Tuesday, 22 January 2019, 8:53 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar is little changed ahead of key inflation data due out on Wednesday amidst a global backdrop of unease created by gloomy sentiment coming out of the Davos Economic Forum and by yesterday’s data showing slowing ... More >>
Billionaire Aussie miner's 'quixotic' move to NZ
Tuesday, 22 January 2019, 8:52 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Billionaire Australian mining magnate and political maverick Clive Palmer has shifted his empire's legal incorporation to New Zealand in preparation for a possible bid to sue the West Australian government for A$45 billion for alleged ... More >>
RBNZ plucks bank capital numbers out of the air: Reddell
Tuesday, 22 January 2019, 4:44 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The Reserve Bank is discrediting its own evidence and plucking numbers out of the air in justifying its proposed bank capital requirements, former Reserve Bank official Michael Reddell says. More >>
Genesis coal burn 5-yr high in 'unprecedented' conditions
Tuesday, 22 January 2019, 4:40 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Coal-fired generation from Genesis Energy’s Huntly operations was the highest in more than five years in the December quarter, as a combination of low hydro storage and plant outages were compounded by tight natural gas supplies. More >>
Activity in NZ service sector dips in December
Tuesday, 22 January 2019, 3:12 pm | BusinessDesk
Jan. 22 (BusinessDesk) - Activity in New Zealand's services sector dipped further in December, with the activity and sales sub-index reaching its lowest level since May 2014. More >>
Govt part-funds another $11m of low-emissions projects
Tuesday, 22 January 2019, 2:38 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The government is helping to fund another 31 new low-emissions transport projects to the tune of $11 million, taking total funding dished out by its Low Emission Vehicles Contestable Fund to more than $62.2 million. More >>
NZ dollar stalled ahead of CPI data
Tuesday, 22 January 2019, 12:12 pm | BusinessDesk
Jan. 22 (BusinessDesk) - The New Zealand dollar was little changed with investors awaiting tomorrow’s local consumer price data for guidance on the future interest rate track here. More >>
MARKET CLOSE: NZ stocks gain; investors seek value
Monday, 21 January 2019, 9:05 pm | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand shares rose as investors picked through mixed local and international economic signals to focus on firms likely to do better in a slowing environment. More >>
NZ dollar drifts lower ahead of CPI; China GDP as expected
Monday, 21 January 2019, 9:04 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar drifted lower with slightly weaker Chinese economic data offering few new leads and investors unwilling to make big bets amid mixed views on local consumer price data due on Wednesday. More >>
McCashin's secures option over Veritas stake
Monday, 21 January 2019, 4:59 pm | BusinessDesk
Jan. 21 (BusinessDesk) - McCashin’s Brewery has acquired an option to buy almost 20 percent of food and beverage investor Veritas Investments at more than twice the recent market price. More >>
Trustpower winning new customers with multi-services
Monday, 21 January 2019, 4:01 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Trustpower says more than 80 percent of the new customers it took on in the December quarter signed up for two or more products. More >>
Oil prices may remain under pressure in 2019 - IEA
Monday, 21 January 2019, 3:13 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Global oil prices may remain under pressure this year given the weaker demand outlook and stronger than expected production from Iran and the US, the International Energy Agency says. More >>
Labour will lose in 2020 without more housing progress
Monday, 21 January 2019, 2:42 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The Labour-led government risks electoral defeat in 2020 unless it makes demonstrable progress on affordable housing this year, says the outspoken author of an annual survey of global housing affordability. More >>
Attack blogger 'Whale Oil' laid low by serious stroke
Monday, 21 January 2019, 2:40 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Right wing attack blogger Cameron Slater, aka Whale Oil, suffered two strokes in October which have left him partially paralysed on his right side, unable to concentrate and with speech and vision impairments, according to ... More >>
NZ dollar firms on mixed US data; flat CPI expected
Monday, 21 January 2019, 12:08 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar firmed against its US counterpart after data on Friday sent mixed signals on the depth of the economic slowdown there. More >>
Sharp oil price drop should keep inflation stats flat
Monday, 21 January 2019, 11:54 am | BusinessDesk
Jan. 21 (BusinessDesk) - Inflation was likely flat to barely higher in the December quarter as oil prices fell nearly 40 percent, fruit and vegetable prices fell to seasonal lows and the New Zealand dollar strengthened modestly. More >>
