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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 161]
NZ plays down threat to European agri interests in FTA talks
Wednesday, 10 October 2018, 7:14 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand trade negotiators are trying to get their European counterparts to recognise that the nation's agricultural exports are small-fry in comparison to the regional bloc's farming sector. More >>
Electricity Authority eyes future of market registry
Wednesday, 10 October 2018, 5:19 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The registry that underpins the country’s electricity market provides a world-class switching service but may not be fit for purpose within a decade, the Electricity Authority says. More >>
TeamTalk forecasts steady earnings amid network roll-out
Wednesday, 10 October 2018, 4:36 pm | BusinessDesk
Oct. 10 (BusinessDesk) - TeamTalk is expecting similar full-year earnings despite higher operating costs and investment. More >>
TIL shares fall; sell-down demand muted
Wednesday, 10 October 2018, 3:28 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Shares in trucking operator TIL Logistics fell to a five-week low after two major investors had to settle for selling shares at an almost 10 percent discount, and managed to sell less than a third of the stock they offered. More >>
NZ guest nights at record in August
Wednesday, 10 October 2018, 2:51 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand guest nights hit an annual record in August as both domestic and international tourism numbers continue to climb. More >>
NZ card spending up across the board in September
Wednesday, 10 October 2018, 2:42 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand spending on electronic cards grew in every sector for a second month running amid upbeat consumer confidence and increased government support for households. More >>
Faafoi's loan shark clampdown
Wednesday, 10 October 2018, 2:20 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Small payday loan costs will be capped at 100 percent of the original amount borrowed, as part of Commerce and Consumer Affairs Minister Kris Faafoi's crackdown on predatory lenders. More >>
Vector settles with ComCom on reliability breaches
Wednesday, 10 October 2018, 12:51 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Vector has agreed a settlement with the Commerce Commission for breaches of its network quality standards in 2015 and 2016. More >>
Fonterra cuts forecast farmgate price
Wednesday, 10 October 2018, 12:21 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Fonterra Cooperative Group has cut its forecast payout to farmers for a second time as global demand growth lags behind an increased supply, including a bigger domestic milk collection. More >>
NZ dollar gains as US bond yields come off the boil
Wednesday, 10 October 2018, 11:45 am | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar edged up after Dallas Federal Reserve President Robert Kaplan noted the need for caution about the pace of interest rate increases and US bond yields reversed some of their recent gains. More >>
MARKET CLOSE: NZ shares fall for 7th day
Tuesday, 9 October 2018, 8:59 pm | BusinessDesk
MARKET CLOSE: NZ shares fall for 7th day as US bond yields hold sway By Paul McBeth More >>
NZ dollar eased against the Aussie
Tuesday, 9 October 2018, 8:29 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar eased against the Aussie after the International Monetary Fund lifted its 2018 economic growth forecast for Australia while lowering its global expectations. More >>
Govt committed to Mycoplasma bovis eradication
Tuesday, 9 October 2018, 7:13 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The government has paid $25.6 million in compensation claims related to Mycoplasma bovis and remains committed to phased eradication, said Prime Minister Jacinda Ardern and Biosecurity Minister Damien O'Connor. More >>
Abano expects 2019 margin squeeze as investment accelerates
Tuesday, 9 October 2018, 7:12 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Abano Healthcare predicts 2019 margins will get squeezed as it speeds up plans to acquire new dental practices while business across the Tasman still struggles. More >>
KiwiSaver providers warned on fees, default investors
Tuesday, 9 October 2018, 5:19 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The Financial Markets Authority is warning KiwiSaver investors not to rely on a correlation between funds which charge high fees and those that give good returns. More >>
NZ govt operating surplus beats expectations
Tuesday, 9 October 2018, 4:11 pm | BusinessDesk
NZ govt operating surplus beats expectations as tax take swells 6.1% By Paul McBeth More >>
Next 12 years crucial to NZ climate change action - Shaw
Tuesday, 9 October 2018, 3:29 pm | BusinessDesk
Oct. 9 (BusinessDesk) - What New Zealand does between now and 2030 to combat climate change is more important than what occurs after that, if the country is to have any hope of helping stop the world warming by more than 1.5 degrees Celsius, Climate ... More >>
Tilt offer won't be increased - Infratil, Mercury
Tuesday, 9 October 2018, 3:13 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Infratil and Mercury NZ say their offer for Tilt Renewables is attractive given the increased regulatory risk in the sector and will not be increased. More >>
Chorus hires Martin Jenkins to review subcontractor practice
Tuesday, 9 October 2018, 1:16 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Chorus has hired Martin Jenkins to review the employment practice of sub-contractors building the national fibre network after a Labour Inspectorate found widespread issues. More >>
NZ dollar gains vs euro
Tuesday, 9 October 2018, 11:37 am | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar gained against the euro as Italy's plans to run budget deficits for the next three years are at odds with European Union rules. More >>
