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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 132]
NZ dollar dips as China-US trade tensions cast pall
Monday, 10 December 2018, 11:39 am | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar declined as attempts by the US to extradite a Huawei Technologies executive heightened concerns that the US-China trade tensions will slow the global economy. More >>
No end in sight to global market turmoil
Monday, 10 December 2018, 11:16 am | BusinessDesk
Dec. 10 (BusinessDesk) - Global sharemarkets continue to be roiled by fears about geopolitical risks to economic growth. More >>
PwC to lose lucrative Fonterra audit contract after 15 years
Sunday, 9 December 2018, 6:29 pm | BusinessDesk
Dec. 7 (BusinessDesk) - PwC will lose its most lucrative audit contract among NZX-listed issuers when Fonterra ends a 15-year relationship that's earned the auditor $94 million. More >>
MARKET CLOSE: NZ shares rally on speculation of US rate
Friday, 7 December 2018, 8:55 pm | BusinessDesk
Dec. 7 (BusinessDesk) - New Zealand shares rose as markets across Asia rallied on speculation the US Federal Reserve will keep interest rates on hold next year, which would maintain the yield attraction of stocks over bonds. Spark New Zealand was up ... More >>
Fed's wait-and-see signal keeps NZ dollar steady
Friday, 7 December 2018, 8:33 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The New Zealand dollar is steady on the week after ongoing worries about the China-US trade stoush were offset by news reports that the US Federal Reserve may signal a wait-and-see approach regarding rate hikes in 2019. More >>
Law society building stoush: voting system full of holes
Friday, 7 December 2018, 7:51 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The battle over the sale of the Auckland District Law Society building has taken a bizarre twist, with the opponents saying the way the online voting is structured means it is vulnerable to being tampered with - from either ... More >>
Trout, Blakeley named for fuel pipeline inquiry
Friday, 7 December 2018, 5:08 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Elena Trout and Rodger Blakeley have been appointed by the government to examine last year’s fuel pipeline shutdown in Northland and identify any lessons it has for the resilience of the country’s fuel supplies. More >>
NZ wholesale trade up 2.5% in 11th straight quarterly rise
Friday, 7 December 2018, 2:19 pm | BusinessDesk
Dec. 7 (BusinessDesk) - New Zealand's wholesale trade rose for the 11th straight quarter with kiwifruit exports the standout performer. More >>
Graeme Hart gives Otago University $10M for dental school
Friday, 7 December 2018, 2:13 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Otago University says New Zealand’s richest man, Graeme Hart, and his wife Robyn are giving it $10 million, the most significant donation in the university’s near-150 year history. More >>
Dairy farmers pack a sad as horticulturalists cheer up
Friday, 7 December 2018, 12:58 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Farmers are becoming increasingly pessimistic about economic conditions in the year ahead with government policy concerns, falling commodity prices and rising costs being key reasons, according to Rabobank’s latest survey. More >>
Fairfax raids Stuff kitty in lead up to Nine merger
Friday, 7 December 2018, 12:40 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Australia's Fairfax Media Group raided Stuff's kitty ahead of a planned merger with broadcaster Nine Entertainment Co, which doesn't see a home for the New Zealand unit. More >>
Tiwai Point well-positioned in Trump roiled aluminium market
Friday, 7 December 2018, 11:59 am | BusinessDesk
Dec. 7 (BusinessDesk) - Heightened political risk in the global aluminium market may play to New Zealand’s advantage, Rio Tinto executive Kellie Parker says. More >>
NZ dollar under pressure as franc, yen find favour
Friday, 7 December 2018, 11:44 am | BusinessDesk
Dec. 7 (BusinessDesk) - The New Zealand dollar remained under pressure as heightened concerns over US-China relations encouraged investors to buy 'safe haven' currencies such as the yen and Swiss franc. More >>
MARKET CLOSE: NZ shares fall on Huawei CFO arrest
Thursday, 6 December 2018, 9:14 pm | BusinessDesk
Dec. 6 (BusinessDesk) - New Zealand shares fell, joining a sell-off across Asia, as the arrest of a Huawei executive reignited fears about US-China trade tensions. Chinese-focused exporter A2 Milk declined. More >>
NZD weakens as Huawei arrest fans US-China tension concerns
Thursday, 6 December 2018, 8:50 pm | BusinessDesk
Dec. 6 (BusinessDesk) - The New Zealand dollar fell against the greenback after Canada's arrest of Huawei's chief financial officer stoked concerns that tensions between the US and China may flare up again. More >>
Collective effort needed on emissions reduction - Ardern
Thursday, 6 December 2018, 7:29 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Businesses and government are going to have to work more closely if the country is to benefit from its natural advantages in a low-carbon world, Prime Minister Jacinda Ardern says. More >>
Two-thirds of farmers want to reduce emissions
Thursday, 6 December 2018, 7:28 pm | BusinessDesk
Dec. 6 (BusinessDesk) - If a large number of farmers adopted currently available options to mitigate greenhouse gas emissions, they could achieve up to a 10 percent reduction in biological emissions from pasture-based livestock. More >>
Supreme Court to hear part of Robt Jones Holdings stoush
Thursday, 6 December 2018, 7:27 pm | BusinessDesk
Dec. 6 (BusinessDesk) - The Supreme Court will hear a dispute over whether Bob Jones's real estate firm Robt Jones Holdings jumped the queue in the liquidation of failed Blue Chip company, Northern Crest Investments. More >>
Z Energy says EV take-up will drive charger installs
Thursday, 6 December 2018, 7:24 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Z Energy says it is ready for the rapid expansion of electric vehicles but has no idea when that tipping point will be reached. More >>
UPDATE: Fonterra confirms 'heightened focus' on China farms
Thursday, 6 December 2018, 4:22 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Fonterra Cooperative group is making headway into its strategic review, confirming it will take back full ownership of the Darnum plant by the end of the year, saying ownership of Tip Top is under the microscope and that its under-performing ... More >>
