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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 260]
Fonterra tipped to lift milk price forecast
Tuesday, 20 March 2018, 6:51 pm | BusinessDesk
Fonterra tipped to lift milk price forecast on 'balanced' global dairy markets By Rebecca Howard More >>
Court lets Carter Holt drag councils into leaky schools suit
Tuesday, 20 March 2018, 5:37 pm | BusinessDesk
March 20 (BusinessDesk) - Carter Holt Harvey won its bid to drag local authorities into its protracted leaky schools court case with the Ministry of Education, although the judge excluded buildings captured by a time-bar, and gave the building products ... More >>
NZ govt debt loses 'darling of the high-yield world' status
Tuesday, 20 March 2018, 5:10 pm | BusinessDesk
NZ govt debt loses 'darling of the high-yield world' status as US Treasury yields climb More >>
NZ businesses investing more in R&D and expansion
Tuesday, 20 March 2018, 3:29 pm | BusinessDesk
March 20 (BusinessDesk) - New Zealand businesses are investing more in their growth and research and development but while the number of businesses carrying out R&D is at a 10-year high only 11 percent of firms are doing it. More >>
NZ consumer confidence ticks back up
Tuesday, 20 March 2018, 1:04 pm | BusinessDesk
March 20 (BusinessDesk) - New Zealand consumer confidence retraced its post-election drop to return to average levels in the March quarter as political jitters faded and the economy remains strong. More >>
ANZ mulls UDC Finance IPO after sale rejected
Tuesday, 20 March 2018, 1:02 pm | BusinessDesk
March 20 (BusinessDesk) - ANZ Bank New Zealand said it's exploring an initial public offering for UDC Finance after a planned $660 million sale to Chinese conglomerate HNA Group was rejected by the Overseas Investment Office in December. More >>
Woods fast-tracks agreed EQC legislative changes
Tuesday, 20 March 2018, 1:01 pm | BusinessDesk
March 20 (BusinessDesk) - Earthquake Commission Minister Megan Woods has fast-tracked four widely supported changes to the law governing the EQC, including a higher cap for residential property and ditching the entity's contents cover, leaving more contested ... More >>
NZ Steel's Pacific Steel restructuring hurt margins
Tuesday, 20 March 2018, 12:08 pm | BusinessDesk
March 20 (BusinessDesk) - Restructuring at Pacific Steel and weak global demand rather than the behaviour of Chinese rivals squeezed the company's margins, says an officials' report that recommended the government reject its dumping complaints ... More >>
NZ dollar rises from three-week low ahead of Fed meeting
Tuesday, 20 March 2018, 11:40 am | BusinessDesk
March 20 (BusinessDesk) - The New Zealand dollar bounced from a three-week low ahead of this week's Federal Reserve policy review, which is expected to lift US interest rates, while stocks on Wall Street after growings fears of regulation in the tech ... More >>
While you were sleeping: Facebook sparks tech selloff
Tuesday, 20 March 2018, 10:33 am | BusinessDesk
March 20 (BusinessDesk) - Wall Street dropped as a plunge in Facebook shares led a decline in technology stock amid concern the industry could face an increase in regulation. More >>
MARKET CLOSE: NZ shares mixed, Kathmandu and Sky TV up
Monday, 19 March 2018, 8:32 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand shares were mixed, with Kathmandu Holdings up and Sky Network Television continuing to bounce while Chorus and Comvita fell. More >>
NZ dollar may fall as Fed poised to hike while RBNZ on hold
Monday, 19 March 2018, 8:16 pm | BusinessDesk
March 19 (BusinessDesk) - The New Zealand dollar slipped and is poised to go lower with the focus firmly on this week's policy reviews at the US Federal Reserve and New Zealand's central bank, where the Fed is expected to hike while the Reserve Bank ... More >>
Money laundering worth $1.35 billion a year, NZ Police says
Monday, 19 March 2018, 7:44 pm | BusinessDesk
March 19 (BusinessDesk) - More than $1.35 billion-worth of illicit funds from fraud, tax offending and drug trafficking is ending up in New Zealand every year to be laundered, according to a new report from the NZ Police Financial Intelligence Unit. More >>
Environment Court judicial conference on Wellington Airport
Monday, 19 March 2018, 7:20 pm | BusinessDesk
March 19 (BusinessDesk) - The Environment Court will hold a judicial conference in April to hear concerns about Wellington International Airport's adjournment request for its planned runway extension. More >>
NPT shareholders greenlight sale of management contract
Monday, 19 March 2018, 7:18 pm | BusinessDesk
March 19 (BusinessDesk) NPT shareholders voted in favour of Augusta Capital buying the real estate investor's management contract for $4.5 million at a special meeting today in Auckland. More >>
Commerce Commission the biggest hurdle for OMV's Shell buy
Monday, 19 March 2018, 6:44 pm | BusinessDesk
March 19 (BusinessDesk) - Austrian oil and gas producer OMV may have to sell down its stakes in the Maui and Pohokura fields to clear competition law hurdles to its $578 million purchase of Shell New Zealand's remaining assets, says petroleum sector ... More >>
MBIE seeks feedback on 5G radio spectrum
Monday, 19 March 2018, 6:41 pm | BusinessDesk
March 19 (BusinessDesk) - The Ministry of Business, Innovation and Employment wants feedback on how government-regulated radio spectrum fits into the fifth-generation mobile technology framework known as 5G, releasing a document the same day Spark ... More >>
Veritas cuts 2018 guidance following Mad Butcher sale
Monday, 19 March 2018, 4:59 pm | BusinessDesk
March 19 (BusinessDesk) - Veritas Investments has cut its 2018 guidance after shareholders voted to sell the business and assets of the Mad Butcher franchisor to its chief executive Michael Morton. More >>
Wellington Airport seeks resource consent delay
Monday, 19 March 2018, 2:49 pm | BusinessDesk
March 19 (BusinessDesk) - Wellington International Airport has asked to put its runway extension resource consent application on hold for nine months, as it plans to re-ask the Civil Aviation Authority for permission for its plan. More >>
NZ services activity slows for third consecutive month
Monday, 19 March 2018, 2:15 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand's services sector activity, which accounts for about two-thirds of the economy, slowed for a third consecutive month in February as the activity/sales sub-index fell to its lowest level since November 2014. More >>
