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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 251]
NZ businesses remain pessimistic in first quarter
Tuesday, 10 April 2018, 1:09 pm | BusinessDesk
April 10 (BusinessDesk) - New Zealand businesses remained pessimistic about the country's economic fortunes in the March quarter as negative sentiment following the change in government continued into the new year and as profitability remains weak. More >>
NZX considers minimum size for off-market trading
Tuesday, 10 April 2018, 12:41 pm | BusinessDesk
April 10 (BusinessDesk) - NZX is seeking feedback on a proposal to set a minimum threshold for off-market trading in an effort to improve price disclosure and stoke liquidity on the stock market. More >>
NZ dollar rises to 3-week high
Tuesday, 10 April 2018, 11:46 am | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar rose, touching a three-week high overnight, as fears of a trade war between the US and China dissipated and as investors await a speech from Chinese president Xi Jinping that may include references to the ... More >>
Wall St climbs with tech stocks
Tuesday, 10 April 2018, 9:13 am | BusinessDesk
April 10 (BusinessDesk) - Wall Street rallied, while US Treasuries slid, amid signs that the US and China are moving away from the brink of a trade war. More >>
Ardern warns some new policies 'reprioritised'
Monday, 9 April 2018, 10:53 pm | BusinessDesk
April 9 (BusinessDesk) - Prime Minister Jacinda Ardern is foreshadowing disappointment ahead on the delivery of some promised government policies as her Cabinet grapples with what it says is worse than expected underfunding in core public services such ... More >>
MARKET CLOSE: NZ shares rise with Asia's rally
Monday, 9 April 2018, 8:45 pm | BusinessDesk
MARKET CLOSE: NZ shares rise with Asia's rally; Sky TV, F&P Healthcare, Fletcher gain More >>
NZ dollar gets a lift from improving risk appetite
Monday, 9 April 2018, 8:19 pm | BusinessDesk
NZ dollar gets a lift from improving risk appetite on possible North Korea-US talks More >>
Infratil's NZ Bus wins $14.8 mln Bay of Plenty contracts
Monday, 9 April 2018, 6:17 pm | BusinessDesk
April 9 (BusinessDesk) - Infratil-owned NZ Bus will displace four other operators after a successful bid for new contracts in Bay of Plenty worth an annual $14.8 million, having lost ground in its mainstay markets of Auckland and Wellington. More >>
Wellington Electricity loans refinanced
Monday, 9 April 2018, 5:12 pm | BusinessDesk
April 9 (BusinessDesk) - CK Hutchison remained the second-largest creditor of Wellington Electricity Distribution Network after the power utility in New Zealand's capital refinanced $230 million of bank loans, its 2017 accounts show. More >>
My Food Bag founders step down from CEO role
Monday, 9 April 2018, 3:51 pm | BusinessDesk
April 9 (BusinessDesk) - My Food Bag founders Cecilia and James Robinson have stepped down from their joint chief executive role at the Kiwi home delivery meal company, and say a new head will be announced shortly. More >>
Powerhouse trading halt pending capital raise announcement
Monday, 9 April 2018, 3:50 pm | BusinessDesk
April 9 (BusinessDesk) - ASX-listed incubator Powerhouse Ventures shares are in a trading halt pending plans to raise new capital, which the Christchurch-based firm says will cover operating costs and new investments. More >>
BlueScope poaches Tiwai Point smelter boss Gretta Stephens
Monday, 9 April 2018, 2:49 pm | BusinessDesk
April 9 (BusinessDesk) - ASX-listed BlueScope Steel has poached New Zealand Aluminium Smelters chief Gretta Stephens to head up its New Zealand and Pacific Island operations. More >>
Icebreaker sold for $288 mln to VF Corp
Monday, 9 April 2018, 1:50 pm | BusinessDesk
April 9 (BusinessDesk) - Kiwi merino wool clothing maker Icebreaker Holdings was sold to US apparel giant VF Corp for $288 million in a competitive tender process, Overseas Investment Office documents show. More >>
NZ dollar falls vs yen as trade war threat revives
Monday, 9 April 2018, 11:49 am | BusinessDesk
April 9 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger yen, amid renewed tough talk on trade between the US and China which sapped risk appetite and boosted the appeal of so-called safe haven currencies More >>
Trump’s trade moves, US inflation and earnings
Monday, 9 April 2018, 11:17 am | BusinessDesk
April 9 (BusinessDesk) - US President Donald Trump’s ongoing trade sparring, notably with China, will remain in focus this week as investors get ready for the start of earnings season. More >>
Meatco had planned note issue to raise $2.5M
Friday, 6 April 2018, 9:04 pm | BusinessDesk
Meatco had planned note issue to raise $2.5M; liquidator left with 1.3 tons of frozen halal meat More >>
MARKET CLOSE: NZ shares up, Sky TV bounces with Comvita
Friday, 6 April 2018, 9:03 pm | BusinessDesk
MARKET CLOSE: NZ shares up, Sky TV bounces with Comvita, Mainfreight up while Orion Health gains 20% More >>
NZ dollar heads for 0.3% weekly gain
Friday, 6 April 2018, 8:15 pm | BusinessDesk
April 6 (BusinessDesk) - The New Zealand dollar is heading for a 0.3 percent weekly gain against the greenback but remains under pressure after US President Donald Trump called for more tariffs on Chinese goods and ahead of US jobs data later in today. More >>
Long-term damage of US-China trade ructions outweigh boost
Friday, 6 April 2018, 7:26 pm | BusinessDesk
April 6 (BusinessDesk) - Ongoing trade ructions between China and the US could create some short-term opportunities for New Zealand exporters but will be outweighed by the longer-term damage to global trade, analysts say. More >>
Orion Health shares jump 18% after confirming talks
Friday, 6 April 2018, 7:05 pm | BusinessDesk
April 6 (BusinessDesk) - Orion Health Group shares jumped 18 percent after media speculation of a trade sale spurred the health software developer to confirm it was pursuing "potentially significant transactions". More >>
