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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 148]
KiwiBuild homesellers who break the rules can keep 70%
Thursday, 8 November 2018, 8:16 pm | BusinessDesk
Nov. 8 (BusinessDesk) - A KiwiBuild homebuyer who sells their house without permission from the government within three years of buying it will hand over to the state 30 percent of any capital gain they make on the sale, says Housing Minister Phil Twyford. More >>
Govt to restore resource consent appeal rights
Thursday, 8 November 2018, 7:13 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Environment Minister David Parker is promising to repeal Resource Management Act reforms that last year removed rights of appeal for certain types of resource consent. The changes should be introduced to Parliament early next ... More >>
Activists oppose Tui oil field expansion with toasts
Thursday, 8 November 2018, 6:57 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Protesters opposing plans to extend the life of the Tui oil field raised a toast to the government’s ban on new offshore exploration and what they says is Tamarind Resources’ “really bad” investment in a soon-to-be stranded ... More >>
UPDATE: 'Pigeon-like' RBNZ still firmly on hold
Thursday, 8 November 2018, 4:11 pm | BusinessDesk
Nov. 8 (BusinessDesk) - The central bank says that inflation pressures are rising in New Zealand but it continues to reiterate rates will be on hold until 2020 and a cut remains possible. More >>
SkyCity agrees Darwin casino sale for A$188 mln
Thursday, 8 November 2018, 3:44 pm | BusinessDesk
Nov. 8 (BusinessDesk) - SkyCity Entertainment has agreed to sell its Darwin casino for A$188 million to US-based Delaware North as part of a plan to free up capital and focus on its more profitable Auckland and Adelaide operations. More >>
Fonterra's under-performance since creation 'unambiguous'
Thursday, 8 November 2018, 2:08 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Independent financial analysis of Fonterra since its creation in 2001 shows an "unambiguous" pattern of commercial under-performance, says Fonterra Shareholders' Council chairman Duncan Coull. The council lodged a report at today's ... More >>
EWS improves final SLI offer
Thursday, 8 November 2018, 2:03 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Texas software investor ESW Holdings has improved its final offer for Kiwi e-commerce software seller SLI Systems. More >>
Suspended NZ crypto 'coins' to be re-released early 2019
Thursday, 8 November 2018, 12:45 pm | BusinessDesk
Nov. 8 (BusinessDesk) - New Zealand will get its crypto-based dollars back early next year, in a move that will likely cause excitement among local cryptocurrency investors and enthusiasts, and incomprehension among the rest of the population. More >>
New BusinessDesk hire named Business Journalist of the Year
Thursday, 8 November 2018, 12:30 pm | BusinessDesk
Nov. 8 (BusinessDesk) - One of New Zealand's most experienced business journalists, Jenny Ruth, has been named Business Journalist of the Year in the New Zealand Shareholders' Association annual business journalism awards. More >>
RBNZ keeps rates on hold but drops talk of possible rate cut
Thursday, 8 November 2018, 12:25 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent as widely expected and while he said the central bank expects to keep it at this level into 2020, he pared back language around a possible rate cut. More >>
NZ dollar sustains rally on labour data
Thursday, 8 November 2018, 11:39 am | BusinessDesk
Nov. 8 (BusinessDesk) - The New Zealand dollar climbed, sustaining its rally after yesterday's unemployment rate data eased bets the central bank will cut interest rates any time soon. More >>
Infratil reviews stake in ANU student accommodation
Thursday, 8 November 2018, 11:38 am | BusinessDesk
Nov. 7 (BusinessDesk) - Infratil is looking to sell or restructure its stake in a Canberra student accommodation concession after failing to find other investments in the sector. More >>
NZ shares lift as US election results come in
Wednesday, 7 November 2018, 8:51 pm | BusinessDesk
Nov. 7 (BusinessDesk) - New Zealand shares rose as results from the US midterm elections seemed to indicate the Democrats would take control of the House but wouldn't win the Senate. Z Energy gained while A2 Milk and Synlait Milk fell. More >>
NZ dollar jumps against greenback on strong local jobs data
Wednesday, 7 November 2018, 8:20 pm | BusinessDesk
Nov. 7 (BusinessDesk) - The kiwi dollar is sharply higher after New Zealand's unemployment rate fell to the lowest in 10 years in the September quarter, likely taking rate cuts off the table at least in the short-term. More >>
NZ businesses expect faster - but still muted - inflation
Wednesday, 7 November 2018, 7:59 pm | BusinessDesk
Nov. 7 (BusinessDesk) - New Zealand businesses see inflation creeping up over the coming year, but their longer term expectations remain anchored around the middle of the central bank's target range. More >>
Fish survey would do more harm than Tui drilling
Wednesday, 7 November 2018, 7:27 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Fish sampling proposed by submitters to Tamarind Resources’ planned drilling at the Tui field would do more harm than the campaign itself, a board of inquiry heard today. More >>
Pushpay expects to break-even by year-end
Wednesday, 7 November 2018, 5:14 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Digital church collection plate operator Pushpay says it expects to break-even for the first time in December this year and to post its first earnings before interest, tax, depreciation, amortisation and currency adjustments ... More >>
Pushpay expects breakeven by year-end
Wednesday, 7 November 2018, 4:48 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Digital church collection plate operator Pushpay says it expects to break even for the first time in December this year and to post its first positive earnings before interest, tax, depreciation, amortisation and currency adjustments ... More >>
Update: NZ dollar jumps on strong labour data
Wednesday, 7 November 2018, 3:48 pm | BusinessDesk
The New Zealand dollar jumped 1 percent on stronger-than-expected September quarter jobs data that has economists now wondering whether the central bank will ditch talk of the possibility of an interest rate cut when it releases its latest monetary policy ... More >>
TAG Oil quits NZ, sells to Tamarind
Wednesday, 7 November 2018, 3:41 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Taranaki oil and gas producer TAG Oil is selling its New Zealand operations for US$30 million to Tamarind Resources, citing the less friendly environment for the oil and gas sector as one of its reasons for quitting the country. More >>
