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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 215]
NZ dollar gains vs Aust dollar on trade war concerns
Tuesday, 19 June 2018, 8:22 pm | BusinessDesk
NZ dollar gains vs Aust dollar as threat of US, China trade war looms larger over Australia More >>
NZ King Salmon eyes Cook Strait for large-scale expansion
Tuesday, 19 June 2018, 8:05 pm | BusinessDesk
June 19 (BusinessDesk) - Nelson-based aquaculture firm New Zealand King Salmon Investments believes fish-farming in Cook Strait, using newly emerging submersible technology being developed in Norway, is the route to realising its ambitions for expansion. More >>
Pushpay shares drop 4.8% after $100M bookbuild completed
Tuesday, 19 June 2018, 6:38 pm | BusinessDesk
June 19 (BusinessDesk) - Pushpay Holdings shares dropped 4.8 percent after the mobile payment app company completed a $100 million bookbuild to let executive director Eliot Crowther exit the firm he co-founded. More >>
NZ Super Fund's Matt Whineray appointed CEO
Tuesday, 19 June 2018, 6:36 pm | BusinessDesk
June 19 (BusinessDesk) - The New Zealand Superannuation Fund's board has appointed Matt Whineray as chief executive, a role he has been acting in since March after Adrian Orr left the job. More >>
Powerhouse to sell $1 mln stake in Invert Robotics
Tuesday, 19 June 2018, 5:37 pm | BusinessDesk
Powerhouse to sell $1 mln stake in Invert Robotics, trimming holding by almost a quarter More >>
NZ dollar jumps vs trans-Tasman counterpart
Tuesday, 19 June 2018, 4:18 pm | BusinessDesk
June 19 (BusinessDesk) - The New Zealand dollar jumped about a quarter of an Australian cent, extending recent gains against its trans-Tasman counterpart, as investors were spooked by US President Donald Trump escalating his trade war with China. More >>
NZ sheep farmers enjoying stellar lamb season
Tuesday, 19 June 2018, 3:24 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand sheep farmers, whose fortunes in recent years have been overshadowed by their dairy farmer colleagues, are having a strong season with lamb prices approaching record levels, according to AgriHQ's Monthly Sheep & ... More >>
Dairy product prices seen steady-to-easing
Tuesday, 19 June 2018, 2:45 pm | BusinessDesk
June 19 (BusinessDesk) - Dairy product prices are expected to slip at the Global Dairy Trade auction overnight amid a pick-up in supply, even as global trade tensions appear to benefit demand for New Zealand dairy products. More >>
NZ Refining hires renewable energy executive Mike Fuge
Tuesday, 19 June 2018, 2:12 pm | BusinessDesk
June 19 (BusinessDesk) - New Zealand Refining has named Mike Fuge as its new chief executive, tapping a manager with experience in renewable energy as the company seeks to engage with the government over its policy of reaching net zero carbon emissions ... More >>
Pushpay’s bookbuild for co-founder’s stake underwritten
Tuesday, 19 June 2018, 1:34 pm | BusinessDesk
Pushpay’s bookbuild for co-founder’s stake sale fully underwritten at $4 a share More >>
NZ produces record milk volumes late in 2017/18 season
Tuesday, 19 June 2018, 1:23 pm | BusinessDesk
NZ produces record milk volumes late in 2017/18 season, helping make up for weaker spring, summer More >>
NZ dollar rises to 6-week high vs Aussie
Tuesday, 19 June 2018, 11:54 am | BusinessDesk
June 19 (BusinessDesk) - The New Zealand dollar rose to the highest level in more than six weeks against its Australian counterpart on expectations the Australian economy will be harder hit by any slowing in China's growth. More >>
Foreign buyer ban gets smoother edges
Monday, 18 June 2018, 10:41 pm | BusinessDesk
June 18 (BusinessDesk) - Amendments to the government’s foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments. More >>
Peters pins $2B-plus 'losses' to NZ on Fonterra
Monday, 18 June 2018, 9:05 pm | BusinessDesk
June 18 (BusinessDesk) - Deputy Prime Minister Winston Peters doubled down on last week's New Zealand First party attacks on the performance and leadership of Fonterra, saying the country's largest business was costing the economy more than $2 billion ... More >>
UPDATE: Pushpay in trading halt
Monday, 18 June 2018, 9:03 pm | BusinessDesk
UPDATE: Pushpay in trading halt as co-founder Eliot Crowther to sell out; ditches US listing plan More >>
MARKET CLOSE: NZ shares mixed, Mercury and Fletcher gain
Monday, 18 June 2018, 8:43 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed, Mercury and Fletcher gain while Synlait, A2 drop By Sophie Boot More >>
No more cash to sweeten nurses' deal, govt says
Monday, 18 June 2018, 8:27 pm | BusinessDesk
June 18 (BusinessDesk) - The government is open to a different structure to the proposed wage settlement for public sector nurses but there is no more money to throw at the problem, Deputy Prime Minister Winston Peters and Health Minister David Clark said ... More >>
Pushpay in trading halt pending 'material transaction'
Monday, 18 June 2018, 8:19 pm | BusinessDesk
June 18 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer targeting US$100 million of annualised revenue this year, is in a trading halt as it wraps up a "material transaction" it expects to announce tomorrow. More >>
NZ dollar falls as trade stoush rattles emerging markets
Monday, 18 June 2018, 8:18 pm | BusinessDesk
June 18 (BusinessDesk) - The New Zealand dollar fell as the US versus China trade stoush weighed on currencies of emerging markets and commodity-exporting nations. The US dollar index is trading near its highest levels in almost 12 months. More >>
Outlook for NZ economy softens but wages projected to rise
Monday, 18 June 2018, 6:17 pm | BusinessDesk
June 18 (BusinessDesk) - Economists have shaved a few basis points off their forecasts for New Zealand economic growth in the next two years even while forecasting stronger wage pressures, according to the NZIER Consensus Forecasts. More >>
