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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 135]
NZ dollar moving higher as markets buoyed by US-China truce
Tuesday, 4 December 2018, 11:04 am | BusinessDesk
Dec. 4 (BusinessDesk) – The New Zealand dollar was trading higher as markets continued to be cheered by the truce in the US-China trade skirmish. More >>
Auckland port joins the hydrogen bandwagon
Tuesday, 4 December 2018, 9:14 am | BusinessDesk
Dec. 3 (BusinessDesk) – Ports of Auckland has joined a growing number of hydrogen production experiments as the fuel gains attention of industries seeking to reduce their greenhouse gas emissions. More >>
Raise the eligibility age for NZ Super: NZ Initiative
Tuesday, 4 December 2018, 9:13 am | BusinessDesk
Dec. 4 (BusinessDesk) – New Zealand’s pension age is an “historical artefact” that should be reviewed because it risks transferring money from the working poor to the relatively rich. More >>
UPDATE: Govt confirms petrol price inquiry as prices fall
Monday, 3 December 2018, 9:03 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The government wants to be "ready to go" with a policy response to its inaugural 'market study' into the retail fuel market as soon as the report emerges in a year's time, says Prime Minister Jacinda Ardern. More >>
MARKET CLOSE: NZ shares extend gain on cooling trade tension
Monday, 3 December 2018, 9:02 pm | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand shares were led higher by exporter A2 Milk as cooling trade tensions between China and the US allayed fears of slowing global growth and boosted stock markets across Asia. More >>
NZ dollar remains near 5-month high on global trade optimism
Monday, 3 December 2018, 8:45 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar remained near a five-month high and may have further to run after the US-China trade truce eased investor fears of a slowdown in global growth. More >>
Govt confirms petrol price inquiry as pump prices fall
Monday, 3 December 2018, 7:32 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The government confirmed it is ordering an inaugural 'market study' into the retail fuel market, just as the price of petrol sinks back towards $2 a litre after a spike through September and October when oil prices were high ... More >>
India trade deal a valuable prize
Monday, 3 December 2018, 7:30 pm | BusinessDesk
Dec. 3 (BusinessDesk) - India could become a major export market for fruit and vegetable growers if progress could be achieved on reducing tariffs on New Zealand goods, the Horticulture Export Authority says. More >>
Hallenstein Glasson finds the going tough
Monday, 3 December 2018, 5:47 pm | BusinessDesk
Hallenstein Glasson Holdings says it’s finding the going tough despite its sales for the first 17 weeks of the financial year being 4.8 percent ahead of the same period last year. More >>
ComCom wary of Wrightson seeds sale to DLF
Monday, 3 December 2018, 2:33 pm | BusinessDesk
Dec. 3 (BusinessDesk) - PGG Wrightson's $434 million sale of its seeds business to Danish cooperative DLF Seeds has hit a hurdle with the Commerce Commission uneasy about the potential concentration of power in the ryegrass seeds market. More >>
Rising fuel prices dent third quarter terms of trade
Monday, 3 December 2018, 2:32 pm | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand's terms of trade fell in the September quarter as rising fuel prices outweighed gains that pushed export prices to a nine-year high. More >>
TIL, Z Energy prepare for tanker driver strike
Monday, 3 December 2018, 1:50 pm | BusinessDesk
The country’s biggest fuel trucker says it is disappointed by a planned driver striker this month and will work to minimise any impact on supplies and motorists. More >>
A2 to meet new China e-commerce rules by March 31 deadline
Monday, 3 December 2018, 1:31 pm | BusinessDesk
A2 Milk is confident it will meet all new Chinese cross-border e-commerce requirements affecting the sale of its Platinum infant formula in that country on or before March 31 next year. More >>
Tourism Holdings asset sale off; suitor failed to lower cost
Monday, 3 December 2018, 1:29 pm | BusinessDesk
Tourism Holdings won't sell any of its New Zealand businesses after the potential suitor walked away when the Kiwi firm wouldn't budge on price. More >>
Orion Health to buy up to $144.6M shares at $1.224 apiece
Monday, 3 December 2018, 1:21 pm | BusinessDesk
Orion Health will pay up to $144.6 million buying back shares from investors in the healthcare technology firm that struggled to achieve the big aspirations it had when it went public four years ago. More >>
NZ shares to rise after key bogeymen vanquished, for now
Monday, 3 December 2018, 11:51 am | BusinessDesk
Dec. 3 (BusinessDesk) - Expect share markets both in New Zealand and around the world to rally today after two of the bogeymen spooking investors have abated, at least for now. More >>
NZ dollar hits 5-month high as US-China trade tensions ease
Monday, 3 December 2018, 11:37 am | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar rose above 69 US cents for the first time since June as Chinese and US leaders found common ground to deflate trade tensions that threaten to slow the global economy. More >>
MARKET CLOSE: NZ shares end November higher
Friday, 30 November 2018, 9:03 pm | BusinessDesk
Nov. 30 (BusinessDesk) - New Zealand shares rose for a fourth day in heavier-than-usual trading as major institutional investors reallocated their portfolios, pushing up heavyweight stocks including Spark New Zealand and Meridian Energy. More >>
Three instos pick a fight over Vital’s fees and management
Friday, 30 November 2018, 8:34 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Three institutions are challenging the lucrative fees and extraordinary - but legal - rights of the manager of Vital Healthcare Property Trust. More >>
CORRECT: FMA won't pursue Wynyard over disclosure failings
Friday, 30 November 2018, 8:25 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Failed intelligence software company Wynyard probably breached continuous disclosure obligations but won't be pursued by the Financial Markets Authority. More >>
