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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 127]
NZ dollar edges back above US68c
Tuesday, 18 December 2018, 11:59 am | BusinessDesk
Dec. 18 (BusinessDesk) - The New Zealand dollar edged back above 68 US cents ahead of today's local business confidence survey, which has remained in the doldrums despite relatively robust economic growth. More >>
MARKET CLOSE: NZ shares follow Asian rally
Monday, 17 December 2018, 9:38 pm | BusinessDesk
Dec. 17 (BusinessDesk) - New Zealand shares rallied late in the trading session to follow Asian markets higher, led by export-focused firms including Fisher & Paykel Healthcare and A2 Milk. More >>
Finance companies buoyed by tighter bank lending - KPMG
Monday, 17 December 2018, 9:37 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Non-bank lenders are filling the gap left by their licensed and larger counterparts imposing tighter credit criteria, with bigger loans books and rising profits in 2018, KPMG's latest survey shows. More >>
PM never saw Peters' pro-US speech before delivery
Monday, 17 December 2018, 9:36 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Prime Minister Jacinda Ardern says her deputy and Foreign Minister, Winston Peters, did not show her the speech he gave last weekend in Washington DC where he appeared to shift New Zealand's positioning in the Pacific region more ... More >>
NZ dollar hovers near 3-week low ahead of GDP, Fed statement
Monday, 17 December 2018, 8:21 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The New Zealand dollar stuck to a tight range near a three-week low ahead of key events later this week. More >>
NZSA says Vital Healthcare's manager is overstepping
Monday, 17 December 2018, 7:31 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Vital Healthcare Property Trust’s manager appears to be overstepping the mark in trying to sway investors into supporting the manager’s resolutions and voting against those proposed by rebel investors, according to the ... More >>
Helen Winkelmann to replace Sian Elias as NZ Chief Justice
Monday, 17 December 2018, 7:30 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The Labour-led government has appointed Justice Helen Winkelmann to replace Dame Sian Elias as Chief Justice of New Zealand. More >>
Chorus says November household broadband usage jumped 35%
Monday, 17 December 2018, 7:29 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The average household broadband usage in November was more than 35 percent higher than a year earlier, with homes in Porirua leading the way, Chorus says. More >>
Flick customer base drops to low amid high power prices
Monday, 17 December 2018, 4:19 pm | BusinessDesk
High wholesale power prices saw Flick Electric’s customer base drop to a 15-month low in November. More >>
Massey University launches a real-time GDP tracker
Monday, 17 December 2018, 3:57 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Massey University’s Knowledge Exchange Hub has launched a new tool aimed at providing a real time measure of GDP. More >>
NZ guest nights hit a new record in October
Monday, 17 December 2018, 2:54 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Total guest nights hit a new record in the year to October, with hotels, motels and holiday parks all recording increases as tourism numbers continue to climb. More >>
CORRECT: NZ dollar near 3-week low
Monday, 17 December 2018, 2:49 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The New Zealand dollar fell near a three-week low as weaker than expected European and Chinese data added to fears about the pace of global growth. More >>
NZ service sector activity dips but still expanding
Monday, 17 December 2018, 2:31 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Activity in New Zealand's services sector grew at a slower pace in November as sales eased and supplier deliveries declined. More >>
Christmas shopping starts to take off
Monday, 17 December 2018, 2:29 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The Christmas shopping spree is heating up with spending excluding fuel jumping to $1.27 billion in the second week of December, up 6 percent compared with the first week. More >>
Could Australian banks float their NZ subsidiaries?
Monday, 17 December 2018, 2:04 pm | BusinessDesk
Dec. 17 (BusinessDesk) - The Australian parents of New Zealand’s four largest banks would need to transfer about A$18 billion of capital to their subsidiaries to meet proposed new capital rules, according to Macquarie Equities. More >>
Ngāi Tahu backs out of Agria deal, takes stake in Wrightson
Monday, 17 December 2018, 1:26 pm | BusinessDesk
Ngāi Tahu Capital has taken a direct stake in PGG Wrightson, ending a seven-year relationship with Singapore-domiciled Agria as the foreign investor's grip on the rural services firm remains uncertain. More >>
Mercury to sell meter business for $270 mln
Monday, 17 December 2018, 12:52 pm | BusinessDesk
Dec. 17 (BusinessDesk) - Mercury NZ has agreed to sell its Metrix metering business to IntelliHUB Group to simplify its business and focus on faster-growing activities. More >>
Expect a soggy GDP reading for the September quarter
Monday, 17 December 2018, 11:34 am | BusinessDesk
Dec. 17 (BusinessDesk) - September quarter gross domestic product data due for release on Thursday is expected to reflect an economy running out of puff after the very strong June quarter performance. More >>
NZ dollar hits 6-month low
Monday, 17 December 2018, 11:32 am | BusinessDesk
Dec. 17 (BusinessDesk) - The New Zealand dollar fell to a six-month low as weaker than expected European and Chinese data added to fears about the pace of global growth More >>
MARKET CLOSE: NZ shares fall as investor uncertainty weighs
Friday, 14 December 2018, 9:10 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as investor uncertainty weighs on exporters; F&P Health, A2 drop More >>
