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BusinessDesk - Latest News [Page 136]

NZ dollar headed for 1.3% weekly gain

Friday, 30 November 2018, 8:24 pm | BusinessDesk

Nov. 30 (BusinessDesk) - The New Zealand dollar is headed for a 1.3 percent weekly gain after the greenback took a tumble as investors pared back expectations for rate hikes by the US Federal Reserve. More >>

MBIE's latest probe into Chinese steel subsidies drags on

Friday, 30 November 2018, 8:23 pm | BusinessDesk

Nov. 30 (BusinessDesk) - The Ministry of Business, Innovation and Employment still hasn't finished its investigation into Chinese subsidies on imported hollow steel sections and won't say when the investigation will be finished. More >>

Non-notified acquisitions a concern for ComCom

Friday, 30 November 2018, 8:22 pm | BusinessDesk

Nov. 30 (BusinessDesk) - Investigations of non-notified mergers and acquisitions have disclosed “significant competition issues” with some firms being prosecuted as a result, the Commerce Commission says. More >>

UPDATE: FMA won't pursue Wynyard over disclosure failings

Friday, 30 November 2018, 7:22 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 >>

Orr says Reserve Bank is looking for a 'sweet spot'

Friday, 30 November 2018, 7:21 pm | BusinessDesk

Nov. 30 (BusinessDesk) - Reserve Bank governor Adrian Orr says the central bank thinks there’s a sweet spot in which it can require banks to hold more capital “with no trade-off to efficiency.” More >>

UPDATE: Iwi seeks bigger local stake in Napier Port sale

Friday, 30 November 2018, 7:20 pm | BusinessDesk

Nov. 30 (BusinessDesk) - Ngati Pahauwera is urging Hawke’s Bay Regional Council to offer shares in Napier Port to residents and iwi at a discount in order to secure a local cornerstone holding in the firm, an idea the council has already rejected. More >>

Iwi seeks bigger local stake in Napier Port sale

Friday, 30 November 2018, 4:51 pm | BusinessDesk

FMA won't pursue Wynyard over disclosure failings

Friday, 30 November 2018, 4:11 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 >>

Govt opens $238M of grants to encourage tree planting

Friday, 30 November 2018, 4:10 pm | BusinessDesk

Nov. 30 (BusinessDesk) - The government is offering $238 million in grants to encourage new tree planting, especially of natives, as it tries to get one billion new trees in the ground by 2028. More >>

Auckland housing consents surged in year ended October

Friday, 30 November 2018, 2:56 pm | BusinessDesk

Nov. 30 (BusinessDesk) - Consents to build new houses jumped in the year ended October with Auckland leading the charge. More >>

Economist Bevan Graham to lead AMP Capital NZ

Friday, 30 November 2018, 2:26 pm | BusinessDesk

Nov. 30 (BusinessDesk) - Economist Bevan Graham has been appointed managing director of AMP Capital New Zealand, replacing Grant Hassell who will head up the group's global fixed income. More >>

NZ govt spends more than expected, posts 4-month deficit

Friday, 30 November 2018, 2:05 pm | BusinessDesk

Nov. 30 (BusinessDesk) - The New Zealand government spent more than expected in the first four months of the financial year and posted a small deficit in the period. More >>

Consumer confidence bounces back as wallets stay open: ANZ

Friday, 30 November 2018, 1:29 pm | BusinessDesk

Nov. 30 (BusinessDesk) - Consumer confidence lifted back to average levels in November after broadly trending lower since March. More >>

LVRs relaxation unlikely to stoke housing risks: Fitch

Friday, 30 November 2018, 12:38 pm | BusinessDesk

Nov. 30 (BusinessDesk) - International ratings agency Fitch Ratings says the Reserve Bank’s further loosening of loan-to-valuation restrictions on banks’ mortgage lending is unlikely to have a significant impact on the housing market. More >>

NZ dollar holds above 68 US cts as Trump-Xi meeting looms

Friday, 30 November 2018, 11:53 am | BusinessDesk

Nov. 30 (BusinessDesk) - The New Zealand dollar held above 68 US cents ahead of the much-anticipated meeting between US and Chinese leaders that may dictate whether their trade stoush eases or escalates. More >>

Huawei issues urgent 'please explain' note to NZ govt

Thursday, 29 November 2018, 9:17 pm | BusinessDesk

Nov. 29 (BusinessDesk) - Chinese telecommunications equipment provider Huawei says it has had no contact with New Zealand's signals intelligence agency over its decision to stop Spark New Zealand using the company's cellsite technology when it builds ... More >>