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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 159]
NZ 3Q inflation higher than expected but driven by one-offs
Tuesday, 16 October 2018, 2:00 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Higher-than-expected third-quarter inflation is unlikely to take rate cuts off the table as it was largely driven by higher petrol prices, something the Reserve Bank has said it will look through. More >>
NZ dollar gains as rising inflation may create tension
Tuesday, 16 October 2018, 11:36 am | BusinessDesk
Oct. 16 (BusinessDesk) - The New Zealand dollar rose ahead of inflation data today which is expected to show rising consumer prices and may make it harder for the Reserve Bank to talk up rate cuts. More >>
MARKET CLOSE: NZ shares dip as Fletcher gives up pursuit
Monday, 15 October 2018, 8:53 pm | BusinessDesk
Oct. 15 (BusinessDesk) - New Zealand shares dipped, outperforming many Asian markets, as Fletcher Building aborted its pursuit of Steel & Tube Holdings after its increased offer wasn't warmly embraced by the target. More >>
NZ primary sector exports seen rising 2.5% to $43.8B
Monday, 15 October 2018, 8:52 pm | BusinessDesk
Oct. 15 (BusinessDesk) - New Zealand’s primary industry export revenue is forecast to reach $43.8 billion for the year to June 2019, an increase of 2.5 percent on the prior year, according to the Ministry for Primary Industries' latest Situation and ... More >>
NZ dollar inches above 65 US cents ahead of 3Q CPI data
Monday, 15 October 2018, 8:17 pm | BusinessDesk
Oct. 15 (BusinessDesk) - The New Zealand dollar inched back above 65 US cents, sticking to a very tight range ahead of domestic inflation data tomorrow. More >>
Salt Funds to open up carbon trading to retail investors
Monday, 15 October 2018, 5:41 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Salt Funds Management plans to list a dedicated carbon fund, opening up the green commodity directly for retail investors. More >>
ComCom wants more transparency about Fonterra
Monday, 15 October 2018, 5:33 pm | BusinessDesk
Oct. 15 (BusinessDesk) - The Commerce Commission is concerned Fonterra Cooperative Group's plans to mothball processing plants are too opaque. More >>
Jenny Shipley says Mainzeal directors in "no doubt"
Monday, 15 October 2018, 4:18 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Directors of failed construction firm Mainzeal had no reason to question promises from its Chinese parent the company would get the financial support it needed to stay afloat, former Prime Minister Jenny Shipley told the High ... More >>
Self-regulation of vehicle inspection and licence failed
Monday, 15 October 2018, 3:15 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Self-regulation by vehicle inspection and licencing providers has failed, says the chair of the New Zealand Transport Agency, Michael Stiassny, who discovered after his appointment in April that they haven't followed up on evidence ... More >>
Fletcher quits pursuit of Steel & Tube
Monday, 15 October 2018, 2:56 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Fletcher Building won't keep chasing Steel & Tube Holdings after failing to win over the board with its latest offer. More >>
NZ service sector activity lifts in September
Monday, 15 October 2018, 2:01 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, increased slightly in September but remains below its long-term average. More >>
Fulton Hogan heads off quarry quandry by leaving Huntly site
Monday, 15 October 2018, 1:57 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Fulton Hogan allayed competition concerns surrounding its purchase of Stevenson Group's construction materials business by leaving the Huntly quarry out of the acquisition. More >>
Michael Hill finds new transition harder than anticipated
Monday, 15 October 2018, 12:33 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Michael Hill International is finding it harder to shift away from discount pricing than it anticipated, posting an 8.8 percent decline in first-quarter sales. More >>
Steel & Tube wary of increased Fletcher bid
Monday, 15 October 2018, 12:12 pm | BusinessDesk
Oct. 15 (BusinessDesk) - Steel & Tube Holdings hasn't been won over by an increased takeover offer from Fletcher Building but will hire an independent expert to review the bid. More >>
NZ dollar gains vs Aussie as local inflation accelerates
Monday, 15 October 2018, 11:44 am | BusinessDesk
Oct. 15 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart as investors look to consumer price data tomorrow expected to show a faster pace of inflation. More >>
Nelson irrigators line up to complete finance for Waimea Dam
Monday, 15 October 2018, 11:40 am | BusinessDesk
Big Nelson irrigators line up to complete finance for Waimea Dam as private investor pulls out By Pattrick Smellie More >>
Tilt first-half output beats long-term projection
Friday, 12 October 2018, 10:01 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Tilt Renewables said stronger than expected wind conditions in New Zealand and Australia pushed first-half production 6 percent ahead of plan. More >>
MARKET CLOSE: NZ shares snap losing streak
Friday, 12 October 2018, 9:59 pm | BusinessDesk
MARKET CLOSE: NZ shares snap losing streak as A2, blue-chips bounce back By Paul McBeth More >>
NZ dollar headed for 1.2% weekly gain as shine comes off USD
Friday, 12 October 2018, 8:27 pm | BusinessDesk
Oct. 12 (BusinessDesk) - The New Zealand dollar is headed for a 1.2 percent weekly gain after the greenback fell on declining U.S. yields and further losses on Wall Street. More >>
Economists expect RBNZ will look through inflation rise
Friday, 12 October 2018, 7:54 pm | BusinessDesk
Oct. 12 (BusinessDesk) - Rising oil prices, Auckland's regional fuel tax, and a sharply weaker New Zealand dollar are likely to have pushed inflation higher in the third quarter but not enough to ruffle any feathers at the Reserve Bank. More >>
