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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 191]
MARKET CLOSE: NZ shares up broadly on dollar weakness
Friday, 10 August 2018, 8:41 pm | BusinessDesk
MARKET CLOSE: NZ shares up broadly on dollar weakness, TradeMe and A2 gain while Fonterra sinks More >>
Kiwi 'in a dark place', headed for 1.9% weekly fall
Friday, 10 August 2018, 8:04 pm | BusinessDesk
Kiwi 'in a dark place', headed for 1.9% weekly fall after RBNZ's dovish lurch More >>
Fonterra's rating safe but Shareholders' Council unhappy
Friday, 10 August 2018, 7:21 pm | BusinessDesk
Fonterra's credit rating safe but Shareholders' Council labels payout cut 'unacceptable' By Rebecca Howard More >>
Moody's confirms NZ govt can spend more and keep Aaa rating
Friday, 10 August 2018, 6:29 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand has "room to manoeuvre" in fiscal spending and there is no immediate downside pressure on its Aaa rating, said Matthew Circosta, sovereign analyst for Moody's Investors Services, a global credit rating ... More >>
Fonterra fund units drop to 3-year low
Friday, 10 August 2018, 3:10 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Fonterra Shareholders' Fund units, which gives outside investors exposure to Fonterra Cooperative Group, fell to a three-year low after the latest dividend downgrade added to scepticism about the efficacy of the cooperative's structure. More >>
NZ guest nights fall 1.8% in June
Friday, 10 August 2018, 2:40 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand guest nights fell in June after the year-earlier month was boosted by the Lions rugby tour. More >>
NZ electronic cards spending climbs in July
Friday, 10 August 2018, 2:30 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in July as the government's suite of measures aimed at boosting household incomes came into effect. More >>
NZ central bank vacating Wellington HQ for 3 months
Friday, 10 August 2018, 2:00 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand's central bank is vacating its Wellington headquarters for about three months to remediate asbestos issues. More >>
PMI worsens in July, pointing to softer demand
Friday, 10 August 2018, 1:57 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand's manufacturing activity worsened further in July, dropping for the third month in a row and marking its second consecutive month below its long-run average. More >>
OMV AG cleared to buy Royal Dutch Shell's NZ assets
Friday, 10 August 2018, 12:33 pm | BusinessDesk
Aug. 10 (BusinessDesk) - The Commerce Commission has given Austrian oil and gas producer OMV AG clearance to buy Royal Dutch Shell’s gas and liquids assets in New Zealand. More >>
Company complexity demanding more time from directors
Friday, 10 August 2018, 12:08 pm | BusinessDesk
Aug. 10 (BusinessDesk) - New Zealand directors have to devote more time to ensuring the firms they oversee are meeting the growing regulatory demands in an increasingly complex environment, a report shows. More >>
Fonterra cuts dividend to retain cash after Danone payment
Friday, 10 August 2018, 12:07 pm | BusinessDesk
Aug. 10 (BusinessDesk) - Fonterra Cooperative Group doesn't expect to pay a final dividend this year in an effort to bolster its balance sheet after paying Danone over the 2013 botulism scare and writing down its Beingmate Baby & Child Food investment. More >>
Suncorp NZ's CEO Smeaton 'still quite positive'
Friday, 10 August 2018, 11:53 am | BusinessDesk
Aug. 10 (BusinessDesk) - Suncorp New Zealand will manage its costs more closely in the coming year as the insurer thinks deeply about its pricing, although chief executive Paul Smeaton is still upbeat about the expected moderation in economic growth. More >>
NZ dollar slumps near 2 1/2 year low
Friday, 10 August 2018, 11:51 am | BusinessDesk
Aug. 10 (BusinessDesk) - The New Zealand dollar dropped near a two-and-a-half year low as Reserve Bank governor Adrian Orr pushed out a projected rate hike for another year, putting sluggish growth ahead of emerging inflation. More >>
MARKET CLOSE: NZ shares up as dollar weakens on OCR track
Thursday, 9 August 2018, 8:36 pm | BusinessDesk
Aug. 9 (BusinessDesk) - New Zealand shares gained as the dollar sank following the official cash rate update, with Pushpay Holdings recovering from recent selling and Skycity Entertainment Group continuing to gain. More >>
High Court agrees to liquidator's plan for Ross Asset
Thursday, 9 August 2018, 8:34 pm | BusinessDesk
Aug. 9 (BusinessDesk) - The High Court has backed the liquidator of Ross Asset Management in divvying up $17.5 million among 665 investors and creditors on the same terms, much to the chagrin of the investor support group. More >>
NZ dollar tumbles 1.2% on TWI basis after RBNZ's dovish tilt
Thursday, 9 August 2018, 8:16 pm | BusinessDesk
NZ dollar tumbles 1.2% on TWI basis after RBNZ's dovish tilt By Rebecca Howard More >>
Weak growth trumps inflation in RBNZ's policy stance
Thursday, 9 August 2018, 8:14 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Concerns about New Zealand's slowing economy trumped signs of emerging inflation for the central bank after Reserve Bank governor Adrian Orr said he expects to keep the official cash rate on hold for at least a year longer ... More >>
SkyCity shares hit month-high as analysts buoyed
Thursday, 9 August 2018, 4:30 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Shares of SkyCity Entertainment Group rose to a month high as analysts were buoyed by the casino company's better-than-expected full-year earnings report yesterday. More >>
New KiwiRail chair pops up on North Island port study group
Thursday, 9 August 2018, 4:02 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Newly appointed KiwiRail chair Greg Miller has also been appointed to a five-member working group charged with writing a new upper North Island supply chain strategy to guide the government's desire to integrate port, rail and ... More >>
