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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 130]
Orr says RBNZ still under-resourced
Wednesday, 12 December 2018, 7:32 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The Reserve Bank continues to be under-resourced, despite paying its third-biggest dividend this year, but the review of the Reserve Bank Act is currently looking at its funding model, governor Adrian Orr says. More >>
Industrial heat a challenge for emissions reduction
Wednesday, 12 December 2018, 3:25 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Reducing emissions from the country’s heavy industry without using natural gas or a coal-biomass blend appears prohibitively expensive, based on analysis by Vivid Economics. More >>
Hallenstein Glasson wary of margin squeeze in second half
Wednesday, 12 December 2018, 2:50 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Hallenstein Glasson Holdings is wary of a margin squeeze in the second half of the year in what it describes as tough trading conditions in New Zealand and Australia. More >>
Sydney house price downturn could dampen Auckland prices
Wednesday, 12 December 2018, 2:34 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The sharp fall in house prices in Sydney this year, down almost 10 percent from their peak in 2017, could have a dampening effect on Auckland's property market, although the shortage of local houses, lower mortgage rates and ... More >>
RBNZ denies central bank exerted influence over CBLI
Wednesday, 12 December 2018, 1:57 pm | BusinessDesk
Reserve Bank governor Adrian Orr batted away accusations that the central bank had exerted influence over CBL Insurance’s creditors to support them in its bid for liquidation. More >>
Britain's Apax wins over Trade Me, matching rival offer
Wednesday, 12 December 2018, 12:33 pm | BusinessDesk
Dec. 12 (BusinessDesk) - British private equity firm Apax Partners has won over Trade Me's board, lifting its offer to match rival Hellman & Friedman's $2.56 billion. More >>
NZ dollar holds near 15-month high vs pound
Wednesday, 12 December 2018, 11:41 am | BusinessDesk
NZ dollar holds near 15-month high vs pound as Brexit woes threaten May's leadership More >>
MARKET CLOSE: NZ shares gain as defensive stocks find favour
Tuesday, 11 December 2018, 8:57 pm | BusinessDesk
Dec. 11 (BusinessDesk) - New Zealand shares rose, led by Contact Energy and Meridian Energy as heightened uncertainty in global markets bolsters the attraction of defensive stocks offering stable dividends. More >>
NZ dollar firm against greenback as risk appetite ticks up
Tuesday, 11 December 2018, 8:25 pm | BusinessDesk
Dec. 11 (BusinessDesk) - The New Zealand dollar remained firm against the greenback after news that Chinese and US officials are still talking helped alleviate some fears of a global slowdown. More >>
UPDATED: Wrightson shareholder Agria settles US fraud
Tuesday, 11 December 2018, 8:24 pm | BusinessDesk
Dec. 11 (BusinessDesk) - PGG Wrightson's cornerstone shareholder Agria Corp and its executive chair Alan Lai have settled with US authorities over claims the agriculture investment firm hid losses from investors through fraudulent accounting and overstated ... More >>
UPDATE: Greater transparency sought in gas sector
Tuesday, 11 December 2018, 7:33 pm | BusinessDesk
Dec. 11 (BusinessDesk) - The government is reviewing information disclosure requirements in the gas industry following the extended shutdown of part of the Pohokura field. More >>
Cleantech start-up Mint Innovation raises $5.2M
Tuesday, 11 December 2018, 7:17 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Cleantech start-up Mint Innovation has raised almost $5.2 million from mostly Kiwi investors as it starts preparing for commercial deployment. More >>
BurgerFuel starts full strategic review of business
Tuesday, 11 December 2018, 7:15 pm | BusinessDesk
Dec. 11 (BusinessDesk) - BurgerFuel Worldwide continues to face challenges after the loss of its international partner and has called on KPMG Corporate Finance to undertake a full strategic review of the business. More >>
NorthWest hires lobbyist to solicit Vital Healthcare votes
Tuesday, 11 December 2018, 7:14 pm | BusinessDesk
Dec. 11 (BusinessDesk) - NorthWest Healthcare Properties Management has hired a proxy solicitation firm to lobby investors in the listed Vital Healthcare Property Trust to give their proxies to the chair, Claire Higgins. More >>
Greater transparency sought in gas sector
Tuesday, 11 December 2018, 7:13 pm | BusinessDesk
Dec. 11 (BusinessDesk) - The government is reviewing information disclosure requirements in the gas industry following the extended shutdown of part of the Pohokura field. More >>
Cap proposed for transmission pricing changes
Tuesday, 11 December 2018, 4:58 pm | BusinessDesk
The Electricity Authority plans to set a cap on any increases in customer costs resulting from proposed changes to the way almost $1 billion of annual transmission costs are shared around the country. More >>
Ryman Healthcare: service provider or property play?
Tuesday, 11 December 2018, 4:07 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Ever since Ryman Healthcare listed on NZX in 1999, analysts have been divided on whether the company is a property play or the provider of an essential service delivered through property management and development. More >>
CORRECT: Peter Yealands fined for unprecedented offending
Tuesday, 11 December 2018, 4:01 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Yealands Estate Wines has pleaded guilty to “unprecedented offending” under the Wine Act 2003 and has copped a $400,000 fine. More >>
Wrightson shareholder Agria settles US fraud claims
Tuesday, 11 December 2018, 3:02 pm | BusinessDesk
Dec. 11 (BusinessDesk) - PGG Wrightson's cornerstone shareholder Agria Corp and its executive chair Alan Lai have settled with US authorities over claims the agriculture investment firm hid losses from investors through fraudulent accounting and overstated ... More >>
Cheaper petrol keeps lid on credit spending in November
Tuesday, 11 December 2018, 3:00 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Retail spending on electronic cards eased in November as cheaper prices at the petrol pump helped consumers spend less on fuel. More >>
