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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 258]
Green Acres models 24/7 on-demand cleaning service on Uber
Friday, 23 March 2018, 8:34 pm | BusinessDesk
March 23 (BusinessDesk) - Three familiar scenarios: the house is a tip and the in-laws announce they are coming for dinner; you suddenly remember the landlord is doing an inspection tomorrow and the grass is a metre high; you can’t bear the state ... More >>
Ponzi scheme operator Hibbs sentenced to 8 years jail
Friday, 23 March 2018, 8:25 pm | BusinessDesk
March 23 (BusinessDesk) - Christchurch businessman Paul Hibbs has been sentenced to eight years in jail for defrauding clients of at least $17.5 million through a Ponzi scheme. More >>
NZ dollar ekes out small weekly gain
Friday, 23 March 2018, 8:24 pm | BusinessDesk
March 23 (BusinessDesk) - The New Zealand dollar is headed toward a 0.1 percent weekly gain in the face of a broadly weaker greenback as investors fret about a possible trade war. More >>
CBL watershed meeting deadline extended
Friday, 23 March 2018, 8:23 pm | BusinessDesk
March 23 (BusinessDesk) - The CBL Corp saga will continue, with the company's voluntary administrators postponing the creditors' watershed meeting to gather more information and hiring Goldman Sachs as an adviser. More >>
Tait Communications to upgrade London bus fleet
Friday, 23 March 2018, 4:16 pm | BusinessDesk
March 23 (BusinessDesk) - Christchurch-based Tait Communications has won a contract worth $30 million over several years to replace the British capital city’s bus radio communications system with a new digital mobile radio system aimed at preparing ... More >>
Auckland Airport sees 92% surge in Chinese tourists
Friday, 23 March 2018, 2:49 pm | BusinessDesk
March 23 (BusinessDesk) - Auckland International Airport reported a 92 percent surge in Chinese arrivals in February, due to the timing of Chinese New Year, but New Zealand's biggest gateway is also benefitting from a consistent lift in visitors from China ... More >>
Allied Farmers to net $441,137
Friday, 23 March 2018, 1:48 pm | BusinessDesk
Allied Farmers to net $441,137 for receivable as PVL liquidator drops suit against directors More >>
Robotics Plus gets Yamaha backing to accelerate expansion
Friday, 23 March 2018, 12:11 pm | BusinessDesk
March 23 (BusinessDesk) - Robotics Plus has secured investment from Yamaha Motor's venture investment arm to help accelerate the robot maker's expansion plans and give it a partner with a global footprint and deep knowledge of manufacturing. More >>
NZ dollar falls vs yen
Friday, 23 March 2018, 12:02 pm | BusinessDesk
March 23 (BusinessDesk) - The New Zealand dollar fell against the yen, which was broadly stronger as US President Donald Trump's announcement of US$60 billion of tariffs on Chinese goods stoked concerns about a trade war. More >>
While you were sleeping: Wall St slides on trade war worries
Friday, 23 March 2018, 10:12 am | BusinessDesk
March 23 (BusinessDesk) - US Treasuries climbed while Wall Street moved lower after US President Donald Trump said the country plans to impose up to US$60 billion in annual tariffs on imports from China, keeping alive concerns about a global trade ... More >>
MARKET CLOSE: NZ shares mixed, Trustpower and Infratil jump
Thursday, 22 March 2018, 8:39 pm | BusinessDesk
March 22 (BusinessDesk) - New Zealand shares were mixed, with Trustpower and Infratil both rising after retaining a market advantage in Tauranga while Heartland Bank and Freightways dropped. More >>
NZ dollar gains vs Aussie after weak Australian jobs data
Thursday, 22 March 2018, 8:38 pm | BusinessDesk
March 22 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart after jobs data across the Tasman was weaker than expected, adding to the view the RBA - like the New Zealand central bank today - won't be lifting rates anytime soon. More >>
Big tobacco firms clash in NZ
Thursday, 22 March 2018, 6:43 pm | BusinessDesk
Big tobacco firms clash in NZ as Philip Morris sues BAT for anti-competitive behaviour More >>
Orr may break central banker mould
Thursday, 22 March 2018, 5:00 pm | BusinessDesk
March 22 (BusinessDesk) - Adrian Orr will have a new operating mandate when he starts as Reserve Bank governor next week and analysts say he may break the mould of a staid central banker, even if it isn't clear if he's a hawk or a dove. More >>
Fonterra fails - again - to cash in on dairy value-added
Thursday, 22 March 2018, 3:59 pm | BusinessDesk
March 22 (BusinessDesk) - The contrast between Synlait Milk's record first-half profit and Fonterra Cooperative Group's interim loss suggest the world's largest dairy exporter hasn't just got trouble with Beingmate Baby & Child Food, but a long-running inability ... More >>
FMA concerned financial advisers are pushing life insurance
Thursday, 22 March 2018, 3:05 pm | BusinessDesk
March 22 (BusinessDesk) - The Financial Markets Authority has warned the life insurance sector after a survey raised concerns that some financial advisers are being incentivised to push clients to change their life insurance, but says lack of disclosure obligations ... More >>
RBNZ keeps rates on hold as expected
Thursday, 22 March 2018, 12:14 pm | BusinessDesk
March 22 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent and continued to signal that rates will remain on hold due to the lack of inflationary pressure. More >>
NZ dollar gains as Fed hikes rates
Thursday, 22 March 2018, 11:47 am | BusinessDesk
March 22 (BusinessDesk) - The New Zealand dollar rose after the US Federal Reserve hiked interest rates as expected and stuck to its projection for two more increases this year - one less some in the market had bet on. By contrast, the Reserve Bank ... More >>
Wall St gains with oil before Fed decision
Thursday, 22 March 2018, 8:57 am | BusinessDesk
March 22 (BusinessDesk) - Wall Street gained as the US Federal Reserve is expected to announce an interest rate increase and provide updated economic and rate forecasts. More >>
TrustPower entrenches home-town advantage
Wednesday, 21 March 2018, 9:27 pm | BusinessDesk
March 21 (BusinessDesk) - The Tauranga Electricity Consumer Trust has abandoned plans to become a funder for Bay of Plenty community projects after strong pushback from customers of locally headquartered TrustPower who prefer to receive an annual cheque ... More >>
