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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 120]
NZ dollar falls after China's trade surplus with US balloons
Monday, 14 January 2019, 9:22 pm | BusinessDesk
Jan. 14 (BusinessDesk) - The New Zealand dollar drifted downwards after data showed China’s trade surplus with the US widened to its highest level in more than a decade, news that is likely to exacerbate tensions between the two nations. More >>
RBNZ appointments complete senior leadership team
Monday, 14 January 2019, 6:58 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Simone Robbers and Christian Hawkesby will round out the Reserve Bank's senior leadership team, joining as assistant governors, said RBNZ governor Adrian Orr. More >>
Fitch expects slower GDP growth than Treasury
Monday, 14 January 2019, 6:57 pm | BusinessDesk
Jan. 14 (BusinessDesk) - New Zealand’s economy will likely grow at a slower pace than Treasury is forecasting due to weak business confidence and declining consumer confidence, according to Fitch Solutions Macro Research. More >>
Pohokura maintenance to cut production again
Monday, 14 January 2019, 4:20 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Production from the offshore Pohokura gas field is to be cut for a third time in a year next month. More >>
Chatham Rock eyes capital raising after Capital Trust delay
Monday, 14 January 2019, 2:18 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Chatham Rock Phosphate says it will need to seek additional working capital to maintain “operating momentum” while it advances its proposed merger with Capital Trust Group. More >>
Orr: Don’t rely on bank stress test outcomes alone
Monday, 14 January 2019, 12:42 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Reserve Bank governor Adrian Orr says stress tests of banks have inherent limitations, suggesting they shouldn’t be relied on. More >>
NZ dollar rises as benign inflation data weighs on USD
Monday, 14 January 2019, 12:12 pm | BusinessDesk
Jan. 14 (BusinessDesk) - The New Zealand dollar is trading firmer after benign inflation data in US on Friday affirmed expectations the central bank there will be measured in any moves to raise interest rates there. More >>
MARKET CLOSE: NZ shares rises onpositive offshore leads
Friday, 11 January 2019, 8:47 pm | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand shares rose as investors were cheered when US Federal Reserve Chairman Jerome Powell reiterated the US central bank can be patient on raising interest rates further. More >>
NZ dollar headed for 1.5% weekly gain
Friday, 11 January 2019, 8:45 pm | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar is headed for a 1.5 percent weekly gain after soothing comments from the Federal Reserve and signs of progress in US-China trade talks reduced fears of sharply slowing global growth. More >>
Synlait's licence for China exports renewed
Friday, 11 January 2019, 7:58 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Synlait Milk said registration of its Dunsandel plant in the South Island has been renewed by Chinese authorities for another four years. More >>
UPDATE: Dwelling consents rise 5.3% in November year
Friday, 11 January 2019, 4:20 pm | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand councils consented almost 32,800 new dwellings in the year through November, 5.3 percent more than a year earlier, according to Stats NZ. More >>
No Australia housing crisis; NZ prices stable/lower: Nikko
Friday, 11 January 2019, 3:36 pm | BusinessDesk
Jan. 11 (BusinessDesk) - House prices in Australia, particularly in Sydney and Melbourne, are falling sharply and may have further to fall but this is by no means a crisis, according to Chris Rands, a portfolio manager with Nikko Asset Management in Sydney. More >>
Dwelling consents rise 5.3% in November year
Friday, 11 January 2019, 3:34 pm | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand councils consented almost 32,800 new dwellings in the year through November, 5.3 percent more than a year earlier, according to Stats NZ. More >>
Ikea NZ launch details: there will be meatballs
Friday, 11 January 2019, 2:43 pm | BusinessDesk
Jan. 11 (BusinessDesk) - After an inordinate amount of hype and years of heart-stopping “Is it coming? Is it not?”, the world’s largest furniture and home furnishings retailer, Ikea, has held a press conference, ostensibly to announce details about ... More >>
NZD little changed; Powell provides reasons to be dovish
Friday, 11 January 2019, 12:08 pm | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar is treading water after US Federal Reserve chair Jerome Powell outlined the concerns which are making him more cautious about raising interest rates further. More >>
MARKET CLOSE: NZ shares fall as investors take a breather
Thursday, 10 January 2019, 9:33 pm | BusinessDesk
Jan. 10 (BusinessDesk) - New Zealand shares fell as investors took a breather after a round of US-China trade talks wound up. Ryman Healthcare gave back some recent games and Summerset dipped. More >>
NZ dollar softens after weak Chinese PPI
Thursday, 10 January 2019, 9:32 pm | BusinessDesk
Jan. 10 (BusinessDesk) - The New Zealand dollar softened slightly after technical factors kept a cap on the upside and after weaker than expected producer pricing data in China. More >>
UPDATE: First Gas faces prosecution over Papamoa pipeline
Thursday, 10 January 2019, 3:10 pm | BusinessDesk
Jan. 10 (BusinessDesk) - Pipeline operator First Gas is being prosecuted for anti-competitive behaviour in its purchase of new pipelines in the Bay of Plenty. More >>
First Gas faces prosecution for Papamoa pipeline purchase
Thursday, 10 January 2019, 2:39 pm | BusinessDesk
Jan. 10 (BusinessDesk) - Pipeline operator First Gas is being prosecuted for anti-competitive behaviour in its purchase of new pipelines in the Bay of Plenty. More >>
Turners: used car demand strong despite December downturn
Thursday, 10 January 2019, 2:35 pm | BusinessDesk
Jan. 10 (BusinessDesk) - Turners Automotive Group says a lack of used car imports from Japan has meant total used car sales in December were down 6 percent on the same month of 2017. More >>
