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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 249]
While you were sleeping: Wall St climbs, Treasuries drop
Friday, 13 April 2018, 10:10 am | BusinessDesk
April 13 (BusinessDesk) - Wall Street advanced, while US Treasuries dropped, as concerns about a global trade war and Middle East conflict eased. More >>
MARKET CLOSE: NZ shares fall with Asia
Thursday, 12 April 2018, 9:00 pm | BusinessDesk
MARKET CLOSE: NZ shares fall with Asia on geopolitical concerns; Pushpay, Sky TV sink, Synlait gains More >>
NZ dollar sticks to tight range as investors await
Thursday, 12 April 2018, 8:31 pm | BusinessDesk
April 12 (BusinessDesk) - The New Zealand dollar stuck to a tight range as global sentiment was weighed down by the threat of imminent US military action in Syria. More >>
Govt considers naming-and-shaming state sponsored cybercrime
Thursday, 12 April 2018, 8:29 pm | BusinessDesk
April 12 (BusinessDesk) - Communications Minister Clare Curran wants to expand New Zealand's international cyber-security efforts and is considering publicly naming-and-shaming state-sponsored attacks as a deterrent in a review of the government's strategy. More >>
'Right goal, wrong tool' says peak business lobby on oil
Thursday, 12 April 2018, 7:03 pm | BusinessDesk
April 12 (BusinessDesk) - Ending new exploration permits for offshore oil and gas deposits uses the wrong tool for the right target, says the BusinessNZ Energy Council, a sub-group of Business New Zealand, the country's peak business lobby group. More >>
Fonterra invests in new plant at Apollo Foods site
Thursday, 12 April 2018, 4:16 pm | BusinessDesk
April 12 (BusinessDesk) - Fonterra Cooperative Group has invested in a new production line at the Hawke's Bay site of Apollo Foods that is capable of being used separately by both companies to produce dairy and fruit-based drinks. More >>
NZ guest nights hit annual record in February
Thursday, 12 April 2018, 3:18 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand accommodation providers hosted a record number of guest in the year to the end of February, reinforcing suggestions the sector could do with more capacity. More >>
NZOG to look offshore for new oil opportunities
Thursday, 12 April 2018, 2:59 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand's only NZX-listed oil and gas explorer and producer says today's government announcements ending the issuance of offshore oil and gas exploration permits "will not have any immediate material impact" on its ... More >>
RBNZ and employment trends
Thursday, 12 April 2018, 2:56 pm | BusinessDesk
April 12 (BusinessDesk) - The Reserve Bank of New Zealand may now need to give regard to employment when setting monetary policy but in reality its ability to influence trends in the jobs market is limited, says Reserve Bank assistant governor John McDermott More >>
NZ electronic card spending rebounds in March
Thursday, 12 April 2018, 2:48 pm | BusinessDesk
April 12 (BusinessDesk) - New Zealand retail spending on electronic cards rebounded in March on the back of increased grocery and liquor spending. More >>
Undiscovered offshore gas still available
Thursday, 12 April 2018, 2:41 pm | BusinessDesk
April 12 (BusinessDesk) - The government is seeking to head off criticism of its decision to stop granting offshore oil and gas exploration permits by talking up the potential for a major oil and gas find in the Barque prospect, off the Canterbury ... More >>
Trans-Tasman Resources pushes out ASX backdoor listing
Thursday, 12 April 2018, 1:42 pm | BusinessDesk
April 12 (BusinessDesk) - Ironsands miner Trans-Tasman Resources has delayed its planned reverse listing on the ASX by a month, giving it more time to prepare for the Manhattan Corp shareholders meeting where the deal will be decided. More >>
Exit from US jewellery business to cost US $4.5M
Thursday, 12 April 2018, 12:46 pm | BusinessDesk
April 12 (BusinessDesk) - Michael Hill International said the exit from its US business is expected to cost US$4.5 million for lease terminations and employee severance costs after it was unable to find a buyer for the jewellery stores. More >>
NZ dollar reaches new 2-month high overnight
Thursday, 12 April 2018, 11:49 am | BusinessDesk
NZ dollar reaches new 2-month high overnight but Middle East tensions sap risk appetite More >>
NZ govt ends new offshore oil and gas exploration
Thursday, 12 April 2018, 11:28 am | BusinessDesk
April 12 (BusinessDesk) - The New Zealand government will issue no new exploration permits for offshore oil and gas fields in a historic move to support its commitment to action on climate change. More >>
While you were sleeping: Oil rallies, Wall St eases
Thursday, 12 April 2018, 11:19 am | BusinessDesk
April 12 (BusinessDesk) - Oil prices jumped while Wall Street slipped as investors eyed rising tension between the US and Russia about the Middle East. More >>
MARKET CLOSE: NZ shares fall as Pushpay revenue slips
Wednesday, 11 April 2018, 8:42 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand shares fell, led by Pushpay Holdings after the mobile app payments developer posted its first dip in quarterly revenue, while blue-chip stocks a2 Milk Co, Fletcher Building and Fisher & Paykel Healthcare ... More >>
NZ dollar still firm against greenback
Wednesday, 11 April 2018, 8:29 pm | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar remained firm against the greenback as concerns about a global trade war eased but did lose ground in Asian trading after weaker-than-expected Chinese inflation data. More >>
CDL Investments would avoid a fourth waiver from listing rule
Wednesday, 11 April 2018, 7:50 pm | BusinessDesk
CDL Investments would avoid a fourth waiver from listing rules if NZX lowered free-float boom More >>
Kiwi businesses must learn from the Facebook fiasco
Wednesday, 11 April 2018, 7:31 pm | BusinessDesk
April 11 (BusinessDesk) - The Marketing Association warns New Zealand firms must be far more proactive about protecting customer data or risk an increasingly stringent regulatory regime. More >>
