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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 211]
Record lamb shipments in May
Wednesday, 27 June 2018, 2:43 pm | BusinessDesk
June 27 (BusinessDesk) - Lamb exports hit a new monthly record in May due to a rise in volumes and prices, helping bolster New Zealand's trade balance. More >>
Govt considers harsher penalties for predatory lenders
Wednesday, 27 June 2018, 2:41 pm | BusinessDesk
June 27 (BusinessDesk) - The government is looking at ways to tighten money lending regulations, after a discussion paper recommended changes which could effectively shut down payday lending and limit unreasonable borrowing fees, aggressive debt collectors ... More >>
Talisman gold project value more than doubles
Wednesday, 27 June 2018, 1:17 pm | BusinessDesk
June 27 (BusinessDesk) - The value of the Talisman gold mine project has more than doubled, according to the results of an updated pre-feasibility study, Auckland-based New Talisman Gold Mines said. More >>
Hobson Wealth to buy and sell NZX-listed securities directly
Wednesday, 27 June 2018, 12:29 pm | BusinessDesk
June 27 (BusinessDesk) - Hobson Wealth Partners is set to start buying and selling NZX-listed securities directly for its clients as of next month, the first New Zealand cash market trading and clearing participant accredited since the 2010 launch of ... More >>
Iwi collective buys 100ha of Te Puke kiwifruit orchards
Wednesday, 27 June 2018, 12:09 pm | BusinessDesk
June 27 (BusinessDesk) - Three North Island iwi have pooled their resources to buy three kiwifruit orchards in Te Puke for an undisclosed sum in a tender that was pitched to foreign buyers. More >>
NZ dollar falls as trade stoush fears remain elevated
Wednesday, 27 June 2018, 11:39 am | BusinessDesk
June 27 (BusinessDesk) - The New Zealand dollar fell as US President Donald Trump hit back at European criticism of his trade protectionism, firmly keeping the global stoush at top of mind for investors. More >>
MARKET CLOSE: NZ shares drop; Pushpay, Trade Me fall
Tuesday, 26 June 2018, 8:37 pm | BusinessDesk
June 26 (BusinessDesk) - New Zealand shares dropped as heightened global trade tensions weighed across Asian equity markets, led lower by Pushpay Holdings and Trade Me Group while Kathmandu Holdings gained again following its upgrade yesterday. More >>
NZ dollar remains below 69 US cents and sidelined
Tuesday, 26 June 2018, 8:36 pm | BusinessDesk
June 26 (BusinessDesk) - The New Zealand dollar held below 69 US cents but was largely sidelined as markets remain jittery about the global economic impact of rising trade tensions. More >>
Land and Water Forum bows out
Tuesday, 26 June 2018, 8:05 pm | BusinessDesk
June 26 (BusinessDesk) - A nine-year exercise in experimental consensus-building among habitual combatants, the Land and Water Forum, is putting itself "into abeyance" and calling for the creation of a new government agency, a Land and ... More >>
Commerce Minister Faafoi ready to regulate interchange fees
Tuesday, 26 June 2018, 6:22 pm | BusinessDesk
June 26 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi is ready to wave the stick of regulation if payments service providers hike the fees they charge retailers, and warned he will do so if those charges increase again. More >>
Vector's HRV unit pleads guilty over water softening claims
Tuesday, 26 June 2018, 5:11 pm | BusinessDesk
June 26 (BusinessDesk) - Vector's HRV home ventilation unit has pleaded guilty to misleading consumers over the level of chemicals and additives in the nation's water supply and in overstating the benefits of its water filter system provided. More >>
Extended Pohokura gas outage costing Methanex $2M a day
Tuesday, 26 June 2018, 4:59 pm | BusinessDesk
June 26 (BusinessDesk) - A long-running, barely noticed and unscheduled cut in natural gas production from the Pohokura natural gas field is costing its main customer, methanol producer Methanex, around $2 million a day in lost revenue, with total revenue ... More >>
Strike action may spur on widespread wage growth
Tuesday, 26 June 2018, 4:28 pm | BusinessDesk
June 26 (BusinessDesk) - Looming strike action from public sector employees could start driving up wages across the board as private sector employers take heed of the industrial action in what's becoming a tighter labour market, says Bank of New ... More >>
Reserve Bank says underspending will enable spending lift
Tuesday, 26 June 2018, 4:21 pm | BusinessDesk
Reserve Bank says earlier underspending will enable it to lift spending next year By Tina Morrison More >>
Batteries make national grid price reforms more important
Tuesday, 26 June 2018, 3:49 pm | BusinessDesk
June 26 (BusinessDesk) - Advances in large-scale batteries for use in the national electricity system make it more important than ever to reform the way different parts of the country are charged for access to the national electricity grid, the Electricity ... More >>
Synlait nabs ex-Fonterra exec Leon Clement for CEO
Tuesday, 26 June 2018, 3:03 pm | BusinessDesk
June 26 (BusinessDesk) - Leon Clement, formerly Fonterra Cooperative Group's managing director of Fonterra Brands New Zealand, has been hired as Synlait Milk's new chief executive starting in mid-August. More >>
Michael Hill’s move to focus on core business is sensible
Tuesday, 26 June 2018, 2:54 pm | BusinessDesk
June 26 (BusinessDesk) - Michael Hill International’s plans to close the remaining six stores of its Emma & Roe chain, allowing the jewellery maker and retailer to focus on its core namesake business, are “welcome” and “sensible,” First ... More >>
NZ regional economic confidence edges up in June quarter
Tuesday, 26 June 2018, 1:41 pm | BusinessDesk
June 26 (BusinessDesk) - New Zealand's regional economic confidence rose marginally in the quarter ending June, with only six of the country's 11 regions showing an improvement over the previous quarter, as pessimism in Auckland grew and optimism ... More >>
NZ Refining hydrocracker shut down after second leak
Tuesday, 26 June 2018, 12:28 pm | BusinessDesk
June 26 (BusinessDesk) - New Zealand Refining's hydrocracker unit has been shut down after a newly installed valve failed, lengthening delays from its scheduled refinery maintenance shutdown. More >>
Trade Me looks for new CEO as Macdonald plans to step down
Tuesday, 26 June 2018, 12:23 pm | BusinessDesk
June 26 (BusinessDesk) - Trade Me Group chief executive Jon Macdonald intends to step away from the company that operates New Zealand's top online marketplace in about six months, leaving a position he held for more than a decade and a company ... More >>
