Scoop has an Ethical Paywall
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 14]
Banks raise cheap wholesale funding ahead of mortgage surge
Wednesday, 11 September 2019, 11:07 am | BusinessDesk
Sept. 11 (BusinessDesk) - Westpac and ASB Bank’s success at raising wholesale funds at low interest rates should help fuel competition through the traditionally active Spring mortgage market, says KPMG. More >>
NZ dollar treading water ahead of ECB meeting
Wednesday, 11 September 2019, 11:05 am | BusinessDesk
Sept. 11 (BusinessDesk) - The New Zealand dollar was largely range-bound against the euro as markets await the European Central Bank meeting later in the global trading day. More >>
MARKET CLOSE: NZ shares fall in light trading
Tuesday, 10 September 2019, 8:57 pm | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealand shares fell with the major electricity generator-retailers giving up some of their recent gains. Air New Zealand led the market lower. More >>
NZ dollar firms on stronger spending data
Tuesday, 10 September 2019, 8:14 pm | BusinessDesk
Sept. 10 (BusinessDesk) - The New Zealand dollar was a little stronger after data showing consumers appear to have heeded Reserve Bank governor Adrian Orr's exhortation to spend after last month's surprise rate cut. More >>
Lepionka wins another legal round in Hawke’s Bay land spat
Tuesday, 10 September 2019, 5:07 pm | BusinessDesk
Sept. 10 (BusinessDesk) - Juice magnate Stefan Lepionka and his related interests have won another legal battle relating to a trophy property in Hawke's Bay. More >>
Cannasouth shares extend gain as NZX queries rise
Tuesday, 10 September 2019, 3:53 pm | BusinessDesk
Sept. 10 (BusinessDesk) - Shares of medicinal cannabis research firm Cannasouth rose a further 10 percent today as it said it is complying with its disclosure obligations under NZX listing rules. More >>
Kiwibank appoints receivers to Stanley Group
Tuesday, 10 September 2019, 3:48 pm | BusinessDesk
Sept. 10 (BusinessDesk) - Kiwibank has appointed receivers to Stanley Group, the construction firm moved into liquidation last week. More >>
NorthWest finding it difficult to find independent directors
Tuesday, 10 September 2019, 3:13 pm | BusinessDesk
Sept. 10 (BusinessDesk) - Vital Healthcare Property Trust’s manager appears to be finding it difficult to find new independent directors. More >>
New Zealanders spent more in August
Tuesday, 10 September 2019, 3:02 pm | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealanders look to have heeded Reserve Bank governor Adrian Orr’s advice in August and headed out to spend. More >>
NZ dollar weaker against UK pound
Tuesday, 10 September 2019, 11:06 am | BusinessDesk
The kiwi was trading at 52.03 British pence at 8am in Wellington from 52.34 at 5pm yesterday. It touched a low of 51.58 overnight. It was at 64.25 US cents from 64.23 cents. More >>
Regulators and NZSA welcome capital markets recommendations
Tuesday, 10 September 2019, 11:05 am | BusinessDesk
Sept. 10 (BusinessDesk) - The report from the capital markets review committee has a comprehensive set of recommendations covering broad aspects of markets from regulatory settings through to market structure and technology, says NZX chief executive Mark ... More >>
MARKET CLOSE: NZ shares snap six-day gain; A2 falls
Monday, 9 September 2019, 9:00 pm | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealand shares snapped a six-day winning streak as investors pause for breath with the benchmark index near a record and outperforming all bar China's CSI 300 Index across Asia so far this year. A2 Milk led the market lower. More >>
Kiwi falls against Aussie
Monday, 9 September 2019, 8:45 pm | BusinessDesk
Sept. 9 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after better-than-expected housing finance data across the Tasman. More >>
Morgans picks 18% lift in Synlait profit on growing sales
Monday, 9 September 2019, 8:06 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Morgans expects Synlait Milk to report a 17.5 percent lift in full-year profit this week, underpinned by strong growth in infant formula volumes, a bigger contribution from lactoferrin, and slightly larger ingredients volumes. More >>
NZOG at 'crossroads' in NZ without international explorers
Monday, 9 September 2019, 3:41 pm | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealand Oil & Gas says it is too small relative to the size and risk profile of its exploration portfolio. More >>
Change tax regime for KiwiSaver, capital markets review
Monday, 9 September 2019, 3:21 pm | BusinessDesk
Sept. 9 (BusinessDesk) - KiwiSaver contributions should not be taxed up front but only when the saver withdraws funds, all direct share investments should be taxed as if they were portfolio investment entities and trading in shares should be tax ... More >>
Hydro exemption from water standards risks two-tier regime
Monday, 9 September 2019, 12:52 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Exempting the country’s major hydro catchments from new controls on fresh water quality appears arbitrary and runs the risk of putting disproportionate scrutiny on smaller schemes, Trustpower chief executive Vince Hawksworth says. More >>
Financial markets likely to look on the bright side
Monday, 9 September 2019, 11:18 am | BusinessDesk
Sept. 8 (BusinessDesk) - Barring something to scare the horses, such as a presidential tweet, financial markets' determination to look on the bright side appears likely to last into this week. More >>
NZ dollar gains after China moves to boost liquidity
Monday, 9 September 2019, 11:06 am | BusinessDesk
Sept. 9 (BusinessDesk) - The New Zealand dollar gained after China's central bank on Friday said it would cut the amount of cash that banks are required to hold, freeing up liquidity for the economy. More >>
Who started the steel pricing war?
Monday, 9 September 2019, 11:01 am | BusinessDesk
Sept. 9 (BusinessDesk) - Some in the steel distribution industry point the finger at Steel & Tube which in turn points the finger at Fletcher Building’s steel division, but the cold, hard fact is nobody is winning in the current price war. More >>
