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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 171]
NZ dollar falls vs Aussie
Wednesday, 19 September 2018, 11:43 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart as investors were buoyed by more moderate tariffs in the US-China trade stoush. More >>
NZ banks accelerate lending in June quarter
Wednesday, 19 September 2018, 11:04 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More >>
Increase in phishing reports
Wednesday, 19 September 2018, 11:02 am | BusinessDesk
Sept. 19 (BusinessDesk) - Closer ties between the government's Computer Emergency Response Team and financial services firms saw reports of phishing attacks more than double in the June quarter. More >>
Dairy product prices fall
Wednesday, 19 September 2018, 10:35 am | BusinessDesk
Sept. 19 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction as whole milk powder continued its slide amid increased supply. More >>
Independent valuation of Tilt 'very optimistic' - Infratil
Tuesday, 18 September 2018, 9:01 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Some of the assumptions in an independent valuation of Tilt Renewables have resulted in a “very optimistic” view of the firm’s long-term prospects, suitor Infratil says. More >>
MARKET CLOSE: NZ shares gain as yields remain attractive
Tuesday, 18 September 2018, 8:43 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand shares rose as high dividend yields from the likes of Spark New Zealand and NZX remain attractive for investors in a low interest rate environment. More >>
NZ dollar lifts against USD
Tuesday, 18 September 2018, 8:42 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar rose against the greenback as markets took new US tariffs on Chinese imports in their stride and there was no immediate retaliation from China. More >>
Arvida says average resale margin still pushing higher
Tuesday, 18 September 2018, 8:41 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Arvida Group said it is seeing no impact from changes in the housing market as its average resale margin continues to push higher. More >>
Electricity price caps may harm new entrants, investment
Tuesday, 18 September 2018, 6:19 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Retail price caps in the electricity market may disproportionately harm new entrant players while also discouraging investment, ratings agency S&P Global says in an appraisal of the Australian power market. More >>
Pyne Gould restarts $22M Perpetual Trust litigation
Tuesday, 18 September 2018, 3:51 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Pyne Gould Corp is trying to litigate its way into a $22 million windfall over money it says it's owed from the 2013 sale of Perpetual Trust. More >>
Stats NZ says GDP data closely guarded secret until release
Tuesday, 18 September 2018, 3:27 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Government Statistician Liz MacPherson came out swinging at the suggestion that anyone - even the Prime Minister - is given a sneak preview into data such as quarterly gross domestic product reports. More >>
Auckland Airport eyes six-year bond offer
Tuesday, 18 September 2018, 2:54 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Auckland International Airport is planning to offer a six-year retail bond to help fund its ongoing expansion. More >>
Kathmandu eyes dual-brand strategy in Northern Hemisphere
Tuesday, 18 September 2018, 1:57 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Kathmandu Holdings says its two brands offer "significant growth potential" as the outdoor equipment chain seeks to crack America and Europe. More >>
NZD gains on PM's mistaken GDP comment
Tuesday, 18 September 2018, 1:02 pm | BusinessDesk
NZD gains on PM's mistaken GDP comment; office says she was referring to Crown accounts More >>
Dollar gains as investors await Trump's tariff announcement
Tuesday, 18 September 2018, 11:33 am | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar rose as investors wait for US President Donald Trump to announce his next tranche of tariffs on Chinese imports after Wall Street closes. More >>
MARKET CLOSE: NZ shares mixed as index rebalancing looms
Monday, 17 September 2018, 8:48 pm | BusinessDesk
Sept. 17 (BusinessDesk) - New Zealand shares were mixed in light trading as investors weighed up the impact of index rebalancing at the end of this week. Growth stocks Pushpay Holdings and A2 Milk Co gained, while Sky Network Television fell. More >>
Tax Working Group report due Thursday
Monday, 17 September 2018, 8:29 pm | BusinessDesk
Sept. 17 (BusinessDesk) - The first report of the government's Tax Working Group will be published Thursday, while long-delayed announcements on legislation to allow onshore oil and gas exploration permits to be offered this year are imminent, said ... More >>
Vodafone NZ float on the cards for 2019, FT reports
Monday, 17 September 2018, 8:27 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Vodafone Group's incoming chief executive Nick Read says a float of the New Zealand unit is on the cards next year. More >>
NZ dollar sticks to tight range; markets await trade war
Monday, 17 September 2018, 8:25 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Ongoing China-US trade tensions kept the New Zealand dollar capped, with investors jittery about potential domestic economic impacts given China is the Pacific nation's largest trading partner. More >>
Ngāti Whātua wins right to appeal Auckland land claims
Monday, 17 September 2018, 5:58 pm | BusinessDesk
Sept. 17 (BusinessDesk) - Ngāti Whātua Ōrākei Trust can pursue a claim against the Crown over land but has lost its Supreme Court bid to have settlements with other iwi declared invalid. More >>
