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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 236]
NZ dollar edges higher ahead of RBNZ policy review
Thursday, 10 May 2018, 11:30 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar rose from a four-month low ahead of Reserve Bank governor Adrian Orr's first monetary policy statement, which is under close scrutiny for any deviation from the previous leadership. More >>
While you were sleeping: Oil, energy stocks climb
Thursday, 10 May 2018, 10:43 am | BusinessDesk
May 10 (BusinessDesk) - Wall Street gained with oil prices, while 10-year US Treasury yields climbed above 3 percent amid bets the Federal Reserve will step up the pace of interest rate increases to keep inflation in check. More >>
Scales to sell cold storage unit to US-based Emergent Cold
Wednesday, 9 May 2018, 8:50 pm | BusinessDesk
Scales to sell cold storage unit to US-based Emergent Cold for $151.4 mln More >>
MARKET CLOSE: NZ shares mixed; Ryman, Metlifecare gain
Wednesday, 9 May 2018, 8:37 pm | BusinessDesk
May 9 (BusinessDesk) - New Zealand shares were mixed in light trading ahead of next week's major index reweighting, with gains led by the retirement sector and A2 Milk Co, while Heartland Bank and Fletcher Building dropped. More >>
NZ dollar holds near 4-month low
Wednesday, 9 May 2018, 8:36 pm | BusinessDesk
NZ dollar holds near 4-month low; RBNZ's Orr may disappoint if he sticks to script More >>
Treasury still feeling way on govt's wellbeing' framework
Wednesday, 9 May 2018, 7:54 pm | BusinessDesk
May 9 (BusinessDesk) - The Treasury is still feeling its way on the government's 'wellbeing' framework and says getting departments to adopt and meaningfully understand the regime will be a multi-year task. More >>
Vector chair Michael Stiassny won't seek re-election
Wednesday, 9 May 2018, 6:45 pm | BusinessDesk
May 9 (BusinessDesk) - Vector chair Michael Stiassny says he won't seek re-election at this year's annual meeting because he no longer has the support of controlling shareholder Entrust Trustees, which owns 75.1 percent of Vector and represents its ... More >>
Govt denies political concerns behind steel decision
Wednesday, 9 May 2018, 6:26 pm | BusinessDesk
Government denies political concerns behind choice not to tax Chinese steel imports By Sophie Boot More >>
Snowball Effect looks at launching secondary market
Wednesday, 9 May 2018, 4:16 pm | BusinessDesk
May 9 (BusinessDesk) - Equity crowdfunder Snowball Effect is looking at launching a secondary market, potentially filling a hole left by the demise of the NZX’s two small-cap exchanges. More >>
Unsolicited bid to invest in Auckland light rail project
Wednesday, 9 May 2018, 3:48 pm | BusinessDesk
NZ Super Fund, CDPQ Infra lob unsolicited bid to invest in Auckland light rail project More >>
Electronic card spending drops more than expected in April
Wednesday, 9 May 2018, 2:16 pm | BusinessDesk
May 9 (BusinessDesk) - New Zealand retail spending on electronic cards was lower than expected in April as consumers spent less on groceries, liquor and fuel in what Statistics New Zealand described as "unusual" figures. More >>
Don't charge all electricity users for EV chargers
Wednesday, 9 May 2018, 2:12 pm | BusinessDesk
May 9 (BusinessDesk) - The Commerce Commission is warning monopoly electricity networks not to treat electric vehicle chargers as assets they can charge all electricity users for. More >>
Dairy law review to gauge strategic industry issues
Wednesday, 9 May 2018, 12:17 pm | BusinessDesk
May 9 (BusinessDesk) - Agriculture Minister Damien O'Connor wants officials to keep Kiwi consumers in mind in a review of the regulatory regime governing dominant dairy processor Fonterra Cooperative Group. More >>
NZ dollar falls - Trump's Iran deal withdrawal
Wednesday, 9 May 2018, 11:40 am | BusinessDesk
May 9 (BusinessDesk) - The New Zealand dollar fell to a new four-month low, joining a sell-off in commodity-linked currencies after US President Donald Trump said the US would pull out of an agreement over Iran's nuclear programme and reimpose sanctions ... More >>
Wall St, oil slip as Trump exits Iran deal
Wednesday, 9 May 2018, 10:49 am | BusinessDesk
While you were sleeping: Wall St, oil slip as Trump exits Iran deal By Margreet Dietz More >>
NZ Steel lawyers guarded on profit squeeze
Tuesday, 8 May 2018, 9:27 pm | BusinessDesk
May 8 (BusinessDesk) - New Zealand Steel's lawyers, who are trying to have a government decision not to tax Chinese steel imports overturned by the High Court, wouldn't tell the judge how much the decision had cost its business, though stressed the impact ... More >>
MARKET CLOSE: NZ shares rise as investors second guess index
Tuesday, 8 May 2018, 9:26 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as investors second guess index changes; Fletcher gains; a2 falls More >>
NZ dollar holds near 4-month low ahead of Reserve Bank
Tuesday, 8 May 2018, 8:19 pm | BusinessDesk
May 8 (BusinessDesk) - The New Zealand dollar held near a four-month low against the greenback as investors remain focused on Reserve Bank governor Adrian Orr's first monetary policy statement on Thursday. More >>
Port of Tauranga container volumes grow in March quarter
Tuesday, 8 May 2018, 7:20 pm | BusinessDesk
May 8 (BusinessDesk) - Port of Tauranga, New Zealand's biggest port company, registered strong growth in container volumes in the first quarter, helping boost the Bay of Plenty economy, Westpac Banking Corp said in a report. More >>
ASB debt rating outlook cut 'negative'
Tuesday, 8 May 2018, 6:53 pm | BusinessDesk
May 8 (BusinessDesk) - The outlook on ASB Bank’s debt rating was lowered by Fitch Ratings following a damning report into the culture and governance of its parent Commonwealth Bank of Australia (CBA). More >>
