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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 16]
Freightways sticks to core competencies
Thursday, 5 September 2019, 10:39 am | BusinessDesk
Sept. 5 (BusinessDesk) - Freightways’ strategy since in listed in 2003 is to stick closely to what it knows it does well, chair Mark Verbiest says. More >>
NZX50 cracks another milestone; Vista, Pushpay recover
Wednesday, 4 September 2019, 8:45 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The S&P/NZX 50 Index cracked another milestone, climbing above 11,000 for the first time, as export-based software firms Vista Group International and Pushpay Holdings got a boost from a weaker currency. More >>
NZ dollar steadies at higher levels; Aus economy not so weak
Wednesday, 4 September 2019, 8:26 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar was little changed, stabilising at higher levels on a combination of technical factors and signs that Australia’s economy may not be as weak as thought. More >>
Spark's Qrious beefs up workforce with acquisition
Wednesday, 4 September 2019, 8:07 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Spark New Zealand's Qrious will boost its workforce by 70 percent after buying WhereScape Software's professional services arm for an undisclosed sum. More >>
Opportunity for big end of town in KiwiBuild initiative
Wednesday, 4 September 2019, 8:07 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Large-scale institutional investors and infrastructure developers will be eligible to propose 'build-to-rent' developments under one of the new elements of the revamped KiwiBuild scheme, announced by Housing Minister Megan Woods today. More >>
Fonterra freezes salaries for a quarter of its workforce
Wednesday, 4 September 2019, 8:06 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Fonterra Dairy Cooperative has frozen salaries for about a quarter of its workforce earning more than $100,000 a year. More >>
Too soon for Fonterra capital structure review
Wednesday, 4 September 2019, 5:08 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Fonterra Cooperative Group is reviewing its capital structure but some shareholders argue it’s too soon given the challenges the group is facing. More >>
Vodafone to spend twice as much on restructuring this year
Wednesday, 4 September 2019, 5:06 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Vodafone New Zealand will spend twice as much on restructuring in the current financial year as its new owners accelerate plans to strip out costs. More >>
Govt makes KiwiBuild loans easier, drops 100,000 target
Wednesday, 4 September 2019, 4:05 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The government is dropping its target to build 100,000 affordable homes over a decade but will keep the name of its troubled flagship policy - KiwiBuild - while making it easier for people to finance their way into home ownership through ... More >>
Fonterra affirms milk price forecast
Wednesday, 4 September 2019, 12:04 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Fonterra Cooperative Group maintained its milk forecast payout at $6.25-7.25 per kilogram of milk solids for the current season but expects that range to narrow as it gains certainty on production and sales. More >>
RBNZ says don't believe what banks say about capital
Wednesday, 4 September 2019, 12:01 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Don’t believe what banks say about how much capital they should have to hold, Reserve Bank deputy governor Geoff Bascand told the New Zealand Shareholders’ Association. More >>
NZ dollar bounces on weak US manufacturing data
Wednesday, 4 September 2019, 11:04 am | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar rebounded from multi-year lows after US manufacturing data disappointed. More >>
Dairy product prices fall seventh time in eight auctions
Wednesday, 4 September 2019, 10:20 am | BusinessDesk
Sept. 4 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, easing for the seventh time in the past eight auctions, as whole milk powder fell. More >>
Finance minister resists calls for fiscal stimulus
Wednesday, 4 September 2019, 8:14 am | BusinessDesk
Sept. 3 (BusinessDesk) - Finance Minister Grant Robertson says he will spend if necessary but for now he is resisting calls to use fiscal policy to stimulate New Zealand’s economy. More >>
MARKET CLOSE: NZ shares outperform Asia
Tuesday, 3 September 2019, 8:57 pm | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand shares outperformed Asia as companies offering reliable incomes, such as Contact Energy and Meridian Energy, remain attractive in a period of heightened global uncertainty. More >>
NZ dollar falls as US-China trade war drags on
Tuesday, 3 September 2019, 8:29 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand dollar fell on the combined weight of the ongoing trade war between China and the US and the local Reserve Bank’s dovishness. More >>
Labour inspector fights for drivers in contracting case
Tuesday, 3 September 2019, 6:03 pm | BusinessDesk
Sept. 3 (BusinessDesk) - In a proceeding which may put pressure on the burgeoning gig economy, labour inspectors are taking a case against several Pizza Hut owners, arguing that 28 of their delivery drivers are employees, not independent contractors. More >>
Vodafone reveals even thinner pricing for Skinny rival
Tuesday, 3 September 2019, 3:56 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Vodafone NZ and new partner Kogan Mobile have unveiled significantly cheaper prepay mobile services, which will rival smaller brands Skinny and 2Degrees. However, to get the cheapest prices, users mostly have to pay a year in advance. More >>
Auckland homes sell near record prices, new listings lacking
Tuesday, 3 September 2019, 1:56 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Near record prices are being achieved on sales of Auckland homes but new listings are lacking, says the city's largest realtor Barfoot & Thompson. More >>
Joint hearing in Halifax liquidation
Tuesday, 3 September 2019, 12:39 pm | BusinessDesk
Sept. 3 (BusinessDesk) - In an unusual case, an Australian court has decided the New Zealand High Court should cooperate with its Australian counterpart and hold a joint hearing to resolve matters in the A$19 million Halifax liquidation. More >>
