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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 118]
MARKET CLOSE: NZ shares follow Asian markets higher
Friday, 18 January 2019, 9:16 pm | BusinessDesk
MARKET CLOSE: NZ shares follow Asian markets higher on renewed hopes for China-US resolution More >>
Housing Ministry head hints he acted against Barclay
Friday, 18 January 2019, 9:15 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Ministry of Housing and Urban Development chief executive Andrew Crisp has given the strongest indication yet that departed KiwiBuild unit head Stephen Barclay was the subject rather than the initiator of an employment dispute ... More >>
NZ dollar heading for 1% weekly slide as outlook weakens
Friday, 18 January 2019, 9:14 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar is headed for a 1 percent slide against its US counterpart this week as investors see improving prospects there but potential headwinds here. More >>
Currency frozen in multi-million dollar Cryptopia theft
Friday, 18 January 2019, 3:47 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The world’s largest cryptocurrency exchange says it has frozen some funds from hacked Christchurch digital assets exchange Cryptopia. More >>
NZ manufacturing activity hits highest level since April
Friday, 18 January 2019, 2:15 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand's manufacturing activity hit its highest level since April in December and while activity in 2018 was weaker than it has been during the past two years, it was still above average. More >>
Tilt affirms guidance
Friday, 18 January 2019, 1:07 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Tilt Renewables has left its full-year earnings guidance in place after December quarter production fell about 5 percent shy of long-term expectations. More >>
NZ dollar extends slide as Philly Fed lifts sentiment in US
Friday, 18 January 2019, 12:14 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar extended its decline as US investors looked for positive signs in their economy and European manufacturers prepared for the worst from the on-going Brexit impasse. More >>
MARKET CLOSE: NZ shares get further lift
Thursday, 17 January 2019, 9:03 pm | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand shares rose as sentiment continued to benefit from positive offshore leads. Genesis Energy, A2 Milk and Synlait Milk gained. More >>
NZ dollar extends decline amid mixed data
Thursday, 17 January 2019, 9:02 pm | BusinessDesk
Jan. 17 (BusinessDesk) - The New Zealand dollar weakened amid mixed signals on the local economy and as investors grow more positive on the prospects for a less-painful departure for the UK from the European Union. More >>
'Excessive' RBNZ bank capital proposals
Thursday, 17 January 2019, 9:01 pm | BusinessDesk
'Excessive' RBNZ bank capital proposals to add up to 1.25% to mortgage rates: UBS More >>
UFB uptake reaches 51% on Chorus networks
Thursday, 17 January 2019, 8:59 pm | BusinessDesk
Jan. 17 (BusinessDesk) - Growth in the uptake of ultra-fast broadband on the networks Chorus is installing slowed in the December quarter as more of the roll-out was completed. More >>
Kathmandu hires new leader for North America
Thursday, 17 January 2019, 3:48 pm | BusinessDesk
Jan. 17 (BusinessDesk) - Kathmandu Holdings has hired US clothing executive Amy Beck to run its North American business. More >>
Record second-half throughput for Marsden Point
Thursday, 17 January 2019, 3:17 pm | BusinessDesk
Jan. 17 (BusinessDesk) - Record throughput in the final six months of 2018 has helped the New Zealand Refining Company recoup some of the losses from its extended shutdown earlier in the year. More >>
December house sales fall to seven-year low
Thursday, 17 January 2019, 1:09 pm | BusinessDesk
Jan. 17 (BusinessDesk) - The final month of the year saw the lowest number of residential properties sold in a December month in seven years, according to the latest data from the Real Estate Institute of New Zealand. More >>
NZ dollar eases as Brexit saga enters next phase
Thursday, 17 January 2019, 12:18 pm | BusinessDesk
The New Zealand dollar weakened as strong earnings in the US improved sentiment there and investors prepared for further delay in setting the terms for the UK’s departure from the European Union. More >>
MARKET CLOSE: NZ stocks rise
Wednesday, 16 January 2019, 9:35 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand shares rose, buoyed by steady gains in overseas market and a better than expected result from the latest dairy auction overnight. More >>
NZ dollar little changed amid ongoing Brexit uncertainty
Wednesday, 16 January 2019, 8:18 pm | BusinessDesk
Jan. 16 (BusinessDesk) - The New Zealand dollar is little changed after the British parliament defeated Prime Minister Theresa May’s Brexit plan by a historic 230 votes, leaving financial markets with continuing uncertainty as to how the situation ... More >>
2degrees appoints CFO Mark Aue as chief executive
Wednesday, 16 January 2019, 7:09 pm | BusinessDesk
Jan. 16 (BusinessDesk) - 2degrees has appointed chief financial officer Mark Aue as chief executive, replacing Stewart Sherriff who signalled in August that he wanted to step down after five years in the top job. More >>
New NZX rules to strip Vital Healthcare investors of rights
Wednesday, 16 January 2019, 7:07 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New NZX listing rules which Vital Healthcare Property Trust’s manager is proposing to adopt from Friday will wipe out just about all the investor protections that an NZX listing normally provides. More >>
Westpac raises milk price forecast on strong GDT result
Wednesday, 16 January 2019, 7:06 pm | BusinessDesk
Jan. 16 (BusinessDesk) - A fourth straight increase in dairy auction prices has prompted Westpac to raise its price milk price forecast for the current season. More >>
