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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 256]
Needs mean 'budget responsibility rules' too tight: CTU
Wednesday, 28 March 2018, 4:19 pm | BusinessDesk
March 28 (BusinessDesk) - The Council of Trade Unions says mounting evidence of underfunded public services justifies the government abandoning its pre-election commitment to Budget Responsibility Rules that seek to reduce net Crown debt to 20 percent of gross ... More >>
Graham Ansell leaves ANZ CIO role
Wednesday, 28 March 2018, 2:16 pm | BusinessDesk
March 28 (BusinessDesk) - ANZ Bank New Zealand's chief investment officer Graham Ansell will step down at the end of April, to be replaced temporarily by Paul Huxford. More >>
UPDATE: Sky TV shares drop 7% on rugby news
Wednesday, 28 March 2018, 1:31 pm | BusinessDesk
UPDATE: Sky TV shares drop 7% after firm says it isn't preferred bidder for 2019 Rugby World Cup More >>
Powerco and Wellington Electricity to lift prices
Wednesday, 28 March 2018, 12:53 pm | BusinessDesk
March 28 (BusinessDesk) - The Commerce Commission has approved an application by lines company Powerco to raise prices to fund a $1.27 billion upgrade of its network. It also gave Wellington Electricity a green light to increase prices to fund its ... More >>
Sky TV may miss out on broadcast rights for 2019 RWC
Wednesday, 28 March 2018, 12:33 pm | BusinessDesk
March 28 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, may miss out on the broadcast rights for next year's Rugby World Cup, saying it isn't the preferred bidder. More >>
NZ dollar falls vs greenback, reaches 8-month high vs Aussie
Wednesday, 28 March 2018, 11:58 am | BusinessDesk
March 28 (BusinessDesk) - The New Zealand dollar fell against the US dollar in the face of easing concerns about a global trade war and gained to an eight-month high against the Aussie on further signs of weak prices for commodities such as iron ore. More >>
GE Stock Climbs on Bets of Buffett Play
Wednesday, 28 March 2018, 9:49 am | BusinessDesk
Wall Street climbed, spurred on by a rally in General Electric shares amid speculation US billionaire Warren Buffett might buy a stake in the company. More >>
MARKET CLOSE: NZ shares gain
Tuesday, 27 March 2018, 8:40 pm | BusinessDesk
MARKET CLOSE: NZ shares gain, risk-on for Synlait and A2 as Sky TV rises More >>
Govt toughens electricity review final terms of reference
Tuesday, 27 March 2018, 8:38 pm | BusinessDesk
March 27 (BusinessDesk) - The final terms of reference for the government's inquiry into the electricity sector goes further than draft proposals to include examining whether power companies can make "excessive profits" and "whether ... More >>
NZ dollar remains steady as trade war fears ease
Tuesday, 27 March 2018, 8:11 pm | BusinessDesk
March 27 (BusinessDesk) - The New Zealand dollar dipped slightly but continued to hover around a 2-week high against the greenback as Asian markets were cheered by hopes that a global trade war might be averted. More >>
NZ Reserve Bank may be less of a 'fiefdom' with changes
Tuesday, 27 March 2018, 6:46 pm | BusinessDesk
NZ Reserve Bank may be less of a 'fiefdom' with changes to policy-making, Treasury observer More >>
Drones invading controlled air space once a week
Tuesday, 27 March 2018, 6:36 pm | BusinessDesk
Drones invading controlled air space in NZ at rate of one a week, Airways NZ says By Jonathan Underhill More >>
Oil and gas sector jittery
Tuesday, 27 March 2018, 5:50 pm | BusinessDesk
March 27 (BusinessDesk) - While New Zealand's government said a transition away from fossil fuels will take several decades, concern about the immediate future is running high in the sector given investment already sunk into exploration. More >>
NZ farmer confidence picks up in 2018
Tuesday, 27 March 2018, 4:00 pm | BusinessDesk
March 27 (BusinessDesk) - New Zealand farmer confidence picked up in the first quarter of the year following two consecutive declines as farmers' fears about the policies of the Labour-led government stabilised. More >>
SkyCity eyes 'asset lighter' plan to free up cash for growth
Tuesday, 27 March 2018, 2:43 pm | BusinessDesk
March 27 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, is looking to free up cash from its existing assets during a period of heavy investment while it commits to protecting dividend payouts. More >>
NZ govt planning 'long transition' away from fossil fuels
Tuesday, 27 March 2018, 1:21 pm | BusinessDesk
March 27 (BusinessDesk) - New Zealand's government expects moving away from using fossil fuels will take several decades so the economy and affected industries have time to adjust, the Minister of Energy, Megan Woods, told the country's main annual ... More >>
NZ dollar gains as risk sentiment improves
Tuesday, 27 March 2018, 11:44 am | BusinessDesk
March 27 (BusinessDesk) - The New Zealand dollar rose to its highest level against the greenback in almost two weeks after both the US and China said they would negotiate to head off a trade war sparked by threats of tariff hikes. More >>
NZ banks eke out another quarter of sub-1% lending growth
Tuesday, 27 March 2018, 11:24 am | BusinessDesk
March 27 (BusinessDesk) - New Zealand banks managed a combined 0.9 percent increase in lending in the fourth quarter, a period when operating expenses and impaired asset charge jumped more steeply. More >>
While you were sleeping: Trade war worries ease
Tuesday, 27 March 2018, 10:00 am | BusinessDesk
March 27 (BusinessDesk) - Wall Street gained, while US Treasuries fell, as concern about a global trade war eased amid signs of discussions between the US and China. More >>
MARKET CLOSE: NZ shares join global sell-off
Monday, 26 March 2018, 8:56 pm | BusinessDesk
MARKET CLOSE: NZ shares join global sell-off; Spark, Air NZ, Sky TV, A2 Milk fall More >>
