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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 174]
NZ dollar remains on backfoot as trade war keeps heating up
Wednesday, 12 September 2018, 8:37 pm | BusinessDesk
Sept. 12 (BusinessDesk) - A weaker yuan fix, jitters about US-China trade tensions and lingering concerns about emerging markets combined to keep the New Zealand dollar on the backfoot in Asian trading. More >>
Govt ponders enduring wellbeing measures, oversight agency
Wednesday, 12 September 2018, 8:16 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Embedding specific wellbeing indicators into Public Finance Act may provide short-term certainty but could prove less durable if those yardsticks change over time, the government says. More >>
Fonterra outlook trumps poor earnings, fund chair Shewan say
Wednesday, 12 September 2018, 6:58 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Fonterra Cooperative Group needs to show a strong outlook for investors to regain confidence in the world's biggest dairy exporter, who will be disappointed with its weak earnings, says John Shewan, who chairs the Fonterra ... More >>
SFO took 2 years to bring case against disgraced accountant
Wednesday, 12 September 2018, 6:25 pm | BusinessDesk
Sept. 12 (BusinessDesk) - The Serious Fraud Office won’t say why it took so long to bring a case against an accountant who admitted taking client money and was thrown out of the industry body in 2016. More >>
Tilt directors repeat recommendation to reject Infratil
Wednesday, 12 September 2018, 3:38 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Tilt Renewables's independent directors have repeated their advice that shareholders reject a takeover offer from major shareholders Infratil and Mercury NZ, after Tilt announced it has signed a 15-year supply deal with Victoria's ... More >>
NZ guest nights flat in July after Lions Tour peak in 2017
Wednesday, 12 September 2018, 2:20 pm | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand guest nights were flat in July as international visitor numbers fell from last year's peak during the Lions rugby tour, Statistics New Zealand said. More >>
PharmaZen posts record 1H profit
Wednesday, 12 September 2018, 2:17 pm | BusinessDesk
PharmaZen, a manufacturer of plant and animal-based health supplements, turned to a record first-half profit as it reaped the benefit of earlier investments. More >>
NZX nestles up to Nasdaq in latest international tie-up
Wednesday, 12 September 2018, 12:35 pm | BusinessDesk
Sept. 12 (BusinessDesk) - NZX has signed a memorandum of understanding with US tech-heavy bourse operator Nasdaq, which will let top-tier American companies apply for a secondary listing locally. More >>
NZ dollar holds above 65 US cts
Wednesday, 12 September 2018, 11:51 am | BusinessDesk
Sept. 12 (BusinessDesk) - The New Zealand dollar held above 65 US cents as an upbeat US business survey supported expectations that the Federal Reserve will raise interest rates, making US bonds more attractive than their Kiwi counterpart. More >>
Power company shares rally on electricity review report
Tuesday, 11 September 2018, 9:00 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Shares in some of the country’s biggest generators jumped today after an independent review of the electricity sector found no evidence that they, or distributors, were making excessive profits. More >>
MARKET CLOSE: NZ shares up 2% as energy stocks rally
Tuesday, 11 September 2018, 8:43 pm | BusinessDesk
MARKET CLOSE: NZ shares up 2% as energy stocks rally on expert report; A2, Fisher & Paykel Health gain More >>
NZ dollar near 2 1/2-yr low vs pound
Tuesday, 11 September 2018, 8:32 pm | BusinessDesk
NZ dollar near 2 1/2-yr low vs pound on hope for early Brexit deal More >>
Tilt announces supply deal with Victorian state govt
Tuesday, 11 September 2018, 7:43 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Tilt Renewables has signed a 15-year supply deal with Victoria's state government for the company's proposed Dundonnell wind farm. More >>
Gluckman says genetic modification key
Tuesday, 11 September 2018, 7:42 pm | BusinessDesk
Sept. 11 (BusinessDesk) - New Zealand needs to consider its moratorium on genetic modification techniques to access the most promising innovations that would reduce agricultural emissions, says Peter Gluckman in his final report as the Prime Minister's ... More >>
Electricity industry govt need to do more on energy hardship
Tuesday, 11 September 2018, 4:07 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Electricity providers, regulators and the government need to do more to help families struggling to meet their energy costs, an expert advisory panel says. More >>
NZX minnows FMS, Windflow weigh up local listing
Tuesday, 11 September 2018, 3:23 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Future Mobility Solutions and Windflow Technology are among locally listed firms deciding their futures on the NZX. More >>
NZ electronic card spending climbs in August
Tuesday, 11 September 2018, 2:55 pm | BusinessDesk
New Zealand retail spending on electronic cards rose in August as payments on fuel surged, following a downward revision to the previous month's figures. More >>
Juken signals job losses from multi-million upgrade of Mill
Tuesday, 11 September 2018, 1:17 pm | BusinessDesk
Juken New Zealand has started talking to staff over likely job losses as it plans to spend millions of dollars upgrading its Triboard mill in Kaitaia. More >>
F&P Healthcare files patent complaint against rival ResMed
Tuesday, 11 September 2018, 1:14 pm | BusinessDesk
Fisher & Paykel Healthcare has filed a complaint against its rival ResMed, alleging some of ResMed's masks used to treat obstructive sleep apnea infringe its patents. More >>
Tilt in trading halt pending Dundonnell support announcement
Tuesday, 11 September 2018, 12:33 pm | BusinessDesk
Sept. 11 (BusinessDesk) - Tilt Renewables is in a trading halt pending an announcement on support arrangements for its planned A$600 million, 80-turbine wind farm in Victoria. More >>
