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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 257]
Dollar gains to 8-month high vs Aussie as iron ore weakens
Monday, 26 March 2018, 8:20 pm | BusinessDesk
NZ dollar gains to 8-month high vs Aussie as iron ore weakens, Orr sounds upbeat More >>
Sky TV flags strategy shift toward on-demand services
Monday, 26 March 2018, 7:05 pm | BusinessDesk
March 26 (BusinessDesk) - Sky Network Television says it's moving to provide more on-demand services as it works to retain its sports rights and stabilise core earnings. More >>
Argosy enters unconditional sale of Auckland property
Monday, 26 March 2018, 5:38 pm | BusinessDesk
March 26 (BusinessDesk) - Argosy Property has entered into an unconditional sale of property in Auckland for $31 million, a price that presents a 13 percent premium over its latest book value, the company said in a release to the stock exchange. More >>
Kiwi firms being 'left behind at a rate of knots' in AI
Monday, 26 March 2018, 5:36 pm | BusinessDesk
Kiwi firms being 'left behind at a rate of knots' in AI revolution: Callaghan boss More >>
Intueri liquidators hire lawyers, gets advice on suit
Monday, 26 March 2018, 4:16 pm | BusinessDesk
March 26 (BusinessDesk) - The liquidators of Intueri Education Group, which had its salvageable assets sold under administration last year, hired lawyers and got advice on possible legal action against parties associated with the failed education provider. More >>
Xiao loses challenge to first anti-money laundering judgment
Monday, 26 March 2018, 4:10 pm | BusinessDesk
March 26 (BusinessDesk) - Finance company director Xiaolan Xiao has lost his challenge to a $5.3 million fine imposed under anti-money-laundering laws, with his arguments against the judgment rejected by the Auckland High Court. More >>
NZ log exports top 1M cubic metres in January,
Monday, 26 March 2018, 2:54 pm | BusinessDesk
March 26 (BusinessDesk) - New Zealand exported more than one million cubic metres of softwood logs in January, only the second time in the country's history that such a high volume has been shipped in the month. More >>
UPDATE: Orr 'very pleased' with NZ economy
Monday, 26 March 2018, 2:49 pm | BusinessDesk
March 26 (BusinessDesk) - Changes to the Reserve Bank's policy targets agreement, a shift to decision-making by committee and a new governor in Adrian Orr are unlikely to herald a change in the interest rate outlook, economists say. More >>
BNZ quits Harbour Quays lease
Monday, 26 March 2018, 2:47 pm | BusinessDesk
March 26 (BusinessDesk) - Bank of New Zealand has exited its lease on the CentrePort Harbour Quays building, saying the quake-damaged premises will take considerable time to repair. More >>
NZ posts trade surplus in February as car imports fall
Monday, 26 March 2018, 2:29 pm | BusinessDesk
March 26 (BusinessDesk) - New Zealand posted a trade surplus in February as imports and exports both increased, with imports at a high for the month even as car imports fell, Statistics New Zealand said. More >>
Gentrack inks contract with Eon
Monday, 26 March 2018, 1:18 pm | BusinessDesk
March 26 (BusinessDesk) - Gentrack Group has inked a contract with Eon, providing Germany’s largest renewable energy producer with its velocity utility billing and customer management software for its UK and Romanian energy supply businesses. More >>
AMP's Craig Meller to retire at end of 2018
Monday, 26 March 2018, 1:09 pm | BusinessDesk
AMP's Craig Meller to retire at end of 2018, search begins for new CEO More >>
Augusta capital raise for air traffic control centre closes
Monday, 26 March 2018, 1:08 pm | BusinessDesk
March 26 (BusinessDesk) - Augusta Capital says the capital raising for its air traffic control centre in Christchurch has closed oversubscribed and it won't take up any units under its $15 million underwrite. More >>
Reserve Bank to make policy by committee, adds employment
Monday, 26 March 2018, 12:39 pm | BusinessDesk
March 26 (BusinessDesk) - The Reserve Bank of New Zealand will explicitly include employment in its policy targets, ending a sole focus on price stability, and the bank will move to policy by committee instead of leaving interest rate decisions ... More >>
Sky TV chief Fellet to retire after 17 years at the helm
Monday, 26 March 2018, 12:37 pm | BusinessDesk
Sky TV chief Fellet to retire within 12 months after 17 years at the helm More >>
NZ dollar sheds gains to be little changed as US stocks drop
Monday, 26 March 2018, 11:52 am | BusinessDesk
March 26 (BusinessDesk) - The New Zealand dollar was little changed, having shed its gains in New York on Friday as US stocks dropped and fears of a trade war grew. More >>
World Week Ahead: Fed speakers and trade threats
Monday, 26 March 2018, 11:20 am | BusinessDesk
March 26 (BusinessDesk) - As darkening trade war clouds rain on Wall Street’s parade, investors will eye a slew of Federal Reserve speakers this week for clues on the pace of interest rate hikes as well as the latest reports on US consumer confidence. More >>
Govt announces 3-4k new homes in first major KiwiBuild move
Sunday, 25 March 2018, 1:54 pm | BusinessDesk
March 25 (BusinessDesk) - The government's KiwiBuild policy to build 100,000 affordable homes within 10 years has taken a step forward with the announcement it will develop between 3,000 and 4,000 homes on land it will acquire close to the north-western ... More >>
MARKET CLOSE: NZ shares drop 1% on global selloff
Friday, 23 March 2018, 8:36 pm | BusinessDesk
MARKET CLOSE: NZ shares drop 1% on global selloff, led by Synlait, Sky TV; CBL meeting delayed More >>
Global appetite for NZ yield stocks on 'pause'
Friday, 23 March 2018, 8:35 pm | BusinessDesk
March 23 (BusinessDesk) - Appetite among global fund managers for high-yielding New Zealand stocks has gone on pause for the last three to six months after two to three years of consistent monthly demand, the managing director of Harbour Asset Management, ... More >>
