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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 210]
Twyford hopes Kiwibuild will drive down construction costs
Thursday, 28 June 2018, 6:52 pm | BusinessDesk
June 28 (BusinessDesk) - Housing and urban development minister Phil Twyford says construction companies and developers are on board with Kiwibuild, despite his hope that the government will be able to keep driving down prices for those houses. More >>
Twyford backs transport officials in extracting value
Thursday, 28 June 2018, 6:51 pm | BusinessDesk
June 28 (BusinessDesk) - Transport Minister Phil Twyford backed his officials' ability to get the best bang for the taxpayer's buck when weighing up investments, ignoring the Treasury's advice as being too narrow in identifying wider benefits. More >>
Ravensdown poised for launch of airborne soil testing
Thursday, 28 June 2018, 4:03 pm | BusinessDesk
June 28 (BusinessDesk) - Ravensdown, the farmer-owned fertiliser cooperative, expects its new aerial imaging tool to be commercially available within two years, opening the door to what it calls “soil testing from the sky”. More >>
Govt considers special interest rates
Thursday, 28 June 2018, 3:43 pm | BusinessDesk
June 28 (BusinessDesk) - The government is looking at giving commercial property developers access to finance at low interest rates if they build vital infrastructure to support new homes, says housing and urban development minister Phil Twyford. More >>
New Talisman Gold Mines retracts results of scoping study
Thursday, 28 June 2018, 1:52 pm | BusinessDesk
June 28 (BusinessDesk) - Auckland-based New Talisman Gold Mines retracted a release of the results of a scoping study on its Talisman gold project at the request of the Australian Securities Exchange because it lacked support from an independent ... More >>
UPDATE: RBNZ's Orr keeps OCR at 1.75%, keeps door open
Thursday, 28 June 2018, 1:38 pm | BusinessDesk
UPDATE: RBNZ's Orr keeps OCR at 1.75%, keeps door open for possible rate cut More >>
FMA concerned about NZX market surveillance
Thursday, 28 June 2018, 1:37 pm | BusinessDesk
June 28 (BusinessDesk) - NZX has been ticked off by the Financial Markets Authority which said the stock market operator's market surveillance wasn't up to scratch, it needs to better manage conflicts of interest, and its continuing operational errors ... More >>
NZ's first green bond, issued by Auckland Council
Thursday, 28 June 2018, 12:26 pm | BusinessDesk
June 28 (BusinessDesk) - NZX said the first green bond, created to fund projects that have environmental or climate benefits, will start trading on the exchange operator's debt market today, marking a commitment to grow the nation’s environmentally-friendly ... More >>
RBNZ's Orr keeps OCR at 1.75%
Thursday, 28 June 2018, 12:20 pm | BusinessDesk
June 28 (BusinessDesk) - Reserve Bank governor Adrian Orr kept the benchmark rate on hold as widely expected and reiterated the next move could be up or down depending on how things unfold. More >>
NZ dollar hits 2-yr low
Thursday, 28 June 2018, 11:43 am | BusinessDesk
June 28 (BusinessDesk) - The New Zealand dollar dropped to a two-year low as growings signs China will manage its currency as part of a package to manage slowing growth added to the kiwi's downbeat tone after yesterday's weak business confidence reading. More >>
MARKET CLOSE: NZ shares up; Pushpay, Air NZ gain
Wednesday, 27 June 2018, 8:44 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand shares gained in light trading, led higher by Pushpay Holdings and Air New Zealand while Genesis Energy and Mercury New Zealand fell. More >>
Z Energy says customer data breached by security flaw
Wednesday, 27 June 2018, 8:43 pm | BusinessDesk
June 27 (BusinessDesk) - Z Energy says its customer database for the Z card online was breached due to a security flaw and has advised affected customers and the Privacy Commissioner of the failing. More >>
NZ dollar weighed down by weak business confidence
Wednesday, 27 June 2018, 8:13 pm | BusinessDesk
NZ dollar weighed down by weak business confidence, awaiting central bank rate review By Rebecca Howard More >>
Harry Hart builds new food group
Wednesday, 27 June 2018, 8:12 pm | BusinessDesk
June 27 (BusinessDesk) - Harrison Hart, the son of local billionaire Graeme Hart, is on his way to building a locally owned food empire with the purchases of Hubbard Foods, Hansell Food Group, and the Gregg's sauce unit. More >>
Serious Fraud Office now investigating CBL
Wednesday, 27 June 2018, 7:10 pm | BusinessDesk
June 27 (BusinessDesk) - The Serious Fraud Office is now investigating CBL Insurance and associated entities, adding to investigations by the Reserve Bank and Financial Markets Authority. More >>
Air NZ ordered to pay A$15m for role in fixing cargo prices
Wednesday, 27 June 2018, 7:08 pm | BusinessDesk
Air NZ ordered to pay A$15 mln for role in fixing cargo prices, security fees More >>
NZ farm sector needs better branding to survive
Wednesday, 27 June 2018, 4:45 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand’s farming industry is facing a raft of challenges and branding is key, according to speakers at the Federated Farmers national conference. More >>
Govt backtracks on plan to force apprentices on firms
Wednesday, 27 June 2018, 4:42 pm | BusinessDesk
June 27 (BusinessDesk) - The government has backtracked on a requirement for construction companies wanting to bring in extra foreign workers to have to take on apprentices too. More >>
NZ business confidence drops again in June
Wednesday, 27 June 2018, 4:14 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand business confidence plunged to a seven-month low in June with retail most gloomy as costs, credit and capacity weigh on firms. More >>
Investore Property confirms guidance for FY19
Wednesday, 27 June 2018, 3:04 pm | BusinessDesk
June 27 (BusinessDesk) - Investore Property told shareholders it will focus on potential acquisition and development of adjoining and adjacent properties, redevelopment for so-called brownfields — contaminated and underused industrial and commercial properties ... More >>
