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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 235]
CBL administrators announce date for watershed meeting
Friday, 11 May 2018, 1:14 pm | BusinessDesk
May 11 (BusinessDesk) - CBL Corp's voluntary administrators say a creditors' watershed meeting will be held next week, with their opinion on whether the company should be liquidated to be released today. More >>
Warehouse 3Q sales lift 2.6% on Noel Leeming Boost
Friday, 11 May 2018, 1:03 pm | BusinessDesk
May 11 (BusinessDesk) - Warehouse Group's third-quarter sales advanced 2.6 percent as its Noel Leeming appliance and technology chain outperformed its other businesses. More >>
NZ Super Fund invests US$65m in recycling tech firm
Friday, 11 May 2018, 12:56 pm | BusinessDesk
May 11 (BusinessDesk) - The New Zealand Super Fund has invested US$65 million in Rubicon Global, an Atlanta-based waste and recycling technology company, to increase its exposure to small, fast-growing private companies. More >>
NZ house sales rise 6.6% in April on strong demand
Friday, 11 May 2018, 12:53 pm | BusinessDesk
May 11 (BusinessDesk) - New Zealand house sales rose 6.6 percent in April, the biggest year-on-year increase in 23 months, as ongoing demand coupled with tighter inventory saw prices increase in 14 of 16 regions. More >>
Tilt Renewables posts FY loss
Friday, 11 May 2018, 12:12 pm | BusinessDesk
May 11 (BusinessDesk) - Tilt Renewables, the wind and solar generation facilities which split from Trustpower in 2016, posted an annual loss and trimmed dividends as a lack of wind in New Zealand and Australia stifled generation at its windfarms. More >>
NZ dollar gains from 5-month low
Friday, 11 May 2018, 12:10 pm | BusinessDesk
May 11 (BusinessDesk) - The New Zealand dollar, which fell to a five-month low yesterday on confirmation interest rates are set to stay low, rose overnight after US inflation came in lower than economists were expecting. More >>
Lukewarm inflation data lifts Wall St
Friday, 11 May 2018, 10:08 am | BusinessDesk
May 11 (BusinessDesk) - Wall Street rallied as a report showing lower-than-expected inflation eased concern the Federal Reserve will have to accelerate its planned pace of interest rate increases. More >>
MARKET CLOSE: NZX 50 hits record on outlook for low interest
Thursday, 10 May 2018, 8:34 pm | BusinessDesk
MARKET CLOSE: NZX 50 hits record on outlook for low interest rates; Pushpay, Scales gain More >>
NZ dollar falls across the board
Thursday, 10 May 2018, 8:25 pm | BusinessDesk
NZ dollar falls across the board after RBNZ's Orr keeps OCR at 1.75%, signals no change More >>
Keytone Dairy Corp launches prospectus to raise A$15M
Thursday, 10 May 2018, 7:07 pm | BusinessDesk
May 10 (BusinessDesk) - Keytone Dairy Corp, which owns a dairy factory in Christchurch, has launched a prospectus to raise up to A$15 million and list on the Australian Securities Exchange via an initial public offering. More >>
Robertson affirms Budget 2018 includes $42B over 5 years
Thursday, 10 May 2018, 5:32 pm | BusinessDesk
May 10 (BusinessDesk) - Finance Minister Grant Robertson confirmed plans for $42 billion of net capital spending over the next five years in his latest pre-budget speech to the Wellington Chamber of Commerce this afternoon. More >>
Arena Capital's McNicholl, Ryan plead guilty over Ponzi
Thursday, 10 May 2018, 5:13 pm | BusinessDesk
May 10 (BusinessDesk) - Arena Capital director Jimmie McNicholl and Lance Ryan have pleaded guilty to defrauding about 900 people out of $8.3 million in a Ponzi scheme posing as a foreign exchange trading platform. More >>
Black market in calf sales, NAIT compliance hamper MPI
Thursday, 10 May 2018, 4:30 pm | BusinessDesk
Black market in calf sales, lack of NAIT compliance hamper MPI efforts to respond to M.Bovis More >>
Xero closes in on maiden profit
Thursday, 10 May 2018, 4:23 pm | BusinessDesk
May 10 (BusinessDesk) - Xero is closing in on generating a maiden profit after delivering its first positive operating earnings with wider gross margins and continued subscriber growth in a year that saw founder Rod Drury step back from the day-to-day business. More >>
Orr pledges to address central bank's lack of open dialogue
Thursday, 10 May 2018, 4:14 pm | BusinessDesk
May 10 (BusinessDesk) - Reserve Bank governor Adrian Orr greeted journalists in English, Maori and sign language and pledged to address a lack of open dialogue at the central bank in his first press conference at the helm. More >>
NZ guest nights hit a record for March month
Thursday, 10 May 2018, 3:06 pm | BusinessDesk
NZ guest nights hit a record for March month as earlier Easter, warm weather boost stays By Tina Morrison More >>
SkyCity sells Auckland carpark for $40M to free up cash
Thursday, 10 May 2018, 1:12 pm | BusinessDesk
May 10 (BusinessDesk) - SkyCity Entertainment Group sold its Federal Street carpark in Auckland for $40 million, as it moves to free up cash from non-core assets to reduce debt and fund future growth. More >>
Faafoi seeks feedback on new Ponzi scheme laws
Thursday, 10 May 2018, 1:11 pm | BusinessDesk
May 10 (BusinessDesk) - The government wants public input on the laws surrounding Ponzi schemes, with current legislation to recover investors' funds not designed to deal with the scams meaning victims are left out of pocket. More >>
UPDATE: RBNZ's Orr keeps OCR at 1.75% in first outing
Thursday, 10 May 2018, 1:00 pm | BusinessDesk
May 10 (BusinessDesk) - New Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent and said the direction of the next move is equally balanced and could be up or down, although its forecasts continue to point to eventual rate ... More >>
RBNZ's Orr keeps OCR at 1.75% in first outing
Thursday, 10 May 2018, 12:31 pm | BusinessDesk
May 10 (BusinessDesk) - New Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent and said the direction of the next move is equally balanced and could be up or down although its forecasts continue to point to eventual rate ... More >>
