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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 146]
Infratil extends Tilt takeover offer for last time
Wednesday, 14 November 2018, 12:20 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Infratil has extended its takeover offer for Tilt Renewables until the end of the month in a final attempt to garner the 90 percent stake it needs to compulsorily acquire the remaining shares. More >>
NZ dollar gains against greenback on US-China trade talks
Wednesday, 14 November 2018, 11:53 am | BusinessDesk
Nov. 14 (BusinessDesk) - The New Zealand dollar climbed against its US counterpart amid optimism about a revival of trade talks between the US and China, while progress in Brexit negotiations also underpinned the mood. More >>
Regulation needed to support 'green' bonds
Wednesday, 14 November 2018, 11:33 am | BusinessDesk
Nov. 14 (BusinessDesk) - Urgent investment required to help meet climate change targets is more likely to happen if the government drops its hands-off approach to regulating so-called ‘green’ bonds, Auckland law firm Chapman Tripp says. More >>
MARKET CLOSE: NZ stocks follow Wall Street lower
Tuesday, 13 November 2018, 8:52 pm | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand shares fell after a sharp drop on Wall Street overnight spooked investors throughout Asia’s markets. More >>
NZ dollar holds its ground against greenback
Tuesday, 13 November 2018, 8:38 pm | BusinessDesk
Nov. 13 (BusinessDesk) - The New Zealand dollar held its ground against the greenback despite slumping global equity markets, jitters about Europe and ongoing concerns about US-China trade ructions. More >>
Port of Tauranga planning for further growth
Tuesday, 13 November 2018, 7:09 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Port of Tauranga is budgeting on moving more than 1.2 million containers across its wharves in the current financial year. More >>
RBNZ begins second phase of review into new standard
Tuesday, 13 November 2018, 5:04 pm | BusinessDesk
Nov. 13 (BusinessDesk) - The Reserve Bank has kicked off the second consultation into a new standard for mortgage-backed bonds to improve confidence and liquidity in the New Zealand markets. More >>
LGNZ seeks commitment on policy ahead of three waters reform
Tuesday, 13 November 2018, 4:38 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Local Government New Zealand supports the government's bid to reform the country's three waters but is calling on it to adopt four policy principles first. More >>
RBNZ evaluating whether to ease LVR restrictions
Tuesday, 13 November 2018, 3:49 pm | BusinessDesk
Nov. 13 (BusinessDesk) - The Reserve Bank of New Zealand is evaluating whether to further ease mortgage curbs and will update the market in its upcoming financial stability report (FSR), deputy governor Geoff Bascand said. More >>
Moa approaching break-even in second-half
Tuesday, 13 November 2018, 3:47 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Brewer Moa Group is expecting to be close to break-even in the six months through March on the back of strong recent sales growth and a seasonal lift in volumes during the summer. More >>
Loss-making Geo has message of hope
Tuesday, 13 November 2018, 3:08 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Geo, the struggling workforce productivity software company formerly known as GeoOp, says a radical clean-up under a new chief executive could see the company on the path to break-even in the 2019 financial year. More >>
NZ food prices fall in October
Tuesday, 13 November 2018, 2:33 pm | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand’s food prices declined in October as a drop in vegetable prices outweighed a surge in the cost of lamb chops and sausages. More >>
Dame Silvia Cartwright to lead EQC inquiry
Tuesday, 13 November 2018, 2:20 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Dame Silvia Cartwright has been appointed to lead the public inquiry into the Earthquake Commission. More >>
Govt pioneers new infrastructure funding model
Tuesday, 13 November 2018, 1:58 pm | BusinessDesk
Infrastructure for a major suburban development on Auckland's Hibiscus Coast will be the first to gain funding from a special purpose vehicle using long-term debt raised by the government's Crown Infrastructure Partners and designed to lower the ... More >>
Infratil lifts 1H earnings, raises forecast
Tuesday, 13 November 2018, 1:16 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Infratil has raised its full-year profit forecast for a second time in six weeks on the back of strong performances expected from its power, airports and data centre interests. More >>
Independent valuer says ESW offer for SLI "compelling"
Tuesday, 13 November 2018, 1:14 pm | BusinessDesk
Nov. 13 (BusinessDesk) - ESW Holdings’ $41.4 million takeover offer for SLI Systems “is compelling,” according to independent valuer Northington Partners. More >>
NZ dollar slips against greenback
Tuesday, 13 November 2018, 12:35 pm | BusinessDesk
Nov. 13 (BusinessDesk) - The New Zealand dollar slipped against the greenback, while it rallied against the euro and the British pound amid concern about Brexit negotiations and Italy’s budget plans. More >>
MARKET CLOSE: NZ shares mixed on weak overnight leads
Monday, 12 November 2018, 9:31 pm | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand shares were mixed as wary local investors tried to find value in a still volatile global environment. More >>
UPDATE: CBL Insurance placed in liquidation
Monday, 12 November 2018, 8:26 pm | BusinessDesk
Nov. 12 (BusinessDesk) - CBL Insurance, a subsidiary of CBL Corp, has been placed in liquidation by the Auckland High Court, against the recommendation of the voluntary administrators. More >>
NZ tad higher but rangebound
Monday, 12 November 2018, 8:24 pm | BusinessDesk
Nov. 12 (BusinessDesk) - The New Zealand dollar was slightly higher against the greenback but stuck to a tight range as markets wait for further data and for developments on the trade front. More >>
