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BusinessDesk - Latest News [Page 126]

NZ dollar holds gains as investors await Fed review

Wednesday, 19 December 2018, 11:42 am | BusinessDesk

Dec. 19 (BusinessDesk) - The New Zealand dollar held on to gains from yesterday's stronger than expected business confidence report as investors wait to see whether the Federal Reserve adjusts its plans for future interest rate hikes. More >>

Dairy product prices rise as whole milk powder edges higher

Wednesday, 19 December 2018, 11:31 am | BusinessDesk

Dec. 19 (BusinessDesk) - Dairy product prices gained at the Global Dairy Trade auction, posting their second increase in a row. More >>

PGG Wrightson's seeds business to make a 1H loss

Tuesday, 18 December 2018, 9:11 pm | BusinessDesk

Dec. 18 (BusinessDesk) - PGG Wrightson says its seeds business will make a loss after tax in the six months ended December and that it has had to bail out its joint venture partner in Uruguay. More >>

MARKET CLOSE: NZ shares fall as investors await Fed decision

Tuesday, 18 December 2018, 9:10 pm | BusinessDesk

Dec. 18 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia, as investors fret over the future track of US interest rates ahead of this week's Federal Reserve policy review. Heartland Group sank on concerns over stricter banking ... More >>

NZ dollar gets a lift from improving business confidence

Tuesday, 18 December 2018, 9:09 pm | BusinessDesk

Dec. 18 (BusinessDesk) - The New Zealand dollar was higher against the US dollar after business confidence improved in December. More >>

Telstra to join Southern Cross Cable, diluting Spark share

Tuesday, 18 December 2018, 9:08 pm | BusinessDesk

Dec. 18 (BusinessDesk) - Australian telco Telstra will join Southern Cross Cable Network's SX NEXT project as an anchor customer and take a quarter stake in the trans-Pacific underwater link operator. More >>

Napier Port profit hits record

Tuesday, 18 December 2018, 7:17 pm | BusinessDesk

Dec. 18 (BusinessDesk) - Napier Port reported another record profit this year as the amount of cargo handled also hit a record. More >>

Transpower faces sanction for handling of 2017 outage

Tuesday, 18 December 2018, 7:16 pm | BusinessDesk

Dec. 18 (BusinessDesk) - National grid operator Transpower has been referred to the electricity industry’s Rulings Panel for its handling of a major power outage in the lower South Island last year. More >>

Credit unions seek scale, profitability in five-way merger

Tuesday, 18 December 2018, 7:15 pm | BusinessDesk

Dec. 18 (BusinessDesk) - Five of New Zealand's credit unions are to merge and create the country's largest single union of member-owned, low-cost lenders as the sector struggles with the cost of new banking software and a recent credit rating downgrade. More >>

Govt scraps CTO role in favour of 'a small group'

Tuesday, 18 December 2018, 5:30 pm | BusinessDesk

The government has abandoned its vexed search for a Chief Technology Officer in favour of "a small group of people" to assist it in mapping policy to guide New Zealand's digital technology environment. More >>

MBIE spying on political parties 'affront to democracy': SSC

Tuesday, 18 December 2018, 5:18 pm | BusinessDesk

The "very close relationship" between the government's exploration regulator and private security firm Thompson & Clark led the agency to become involved in surveillance activity involving two political parties - the Green and Mana parties, an inquiry ... More >>

NZ business confidence gets a pre-Christmas lift

Tuesday, 18 December 2018, 5:10 pm | BusinessDesk

Dec. 18 (BusinessDesk) - Business confidence finally saw a lift in December, after tanking towards the end of last year on political uncertainty when the new Labour-led government took office. More >>

Aged care, tourism first in line for temporary migrant work

Tuesday, 18 December 2018, 4:34 pm | BusinessDesk

Residential aged care and the tourism and hospitality sectors are at the front of the queue in offering to develop the local workforce in exchange for easier access to temporary migrant workers. More >>

Moody's puts its stamp of approval on government finances

Tuesday, 18 December 2018, 4:01 pm | BusinessDesk

Dec. 18 (BusinessDesk) - Moody’s Investors Service says the Labour-led government’s latest half-year economic and fiscal update maintains its commitment to fiscal discipline which supports its “Aaa” sovereign credit rating and stable outlook. More >>

UPDATE: Bell Gully to abandon Vero Centre

Tuesday, 18 December 2018, 3:19 pm | BusinessDesk

Dec. 18 (BusinessDesk) - Precinct Properties is gaining Bell Gully as a tenant for its Commercial Bay development some time between the year ending June 2023 and 2025 and the law firm will leave a five-floor vacancy at Kiwi Property Group’s Vero ... More >>