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BusinessDesk - Latest News [Page 263]
NZ dollar gets lift from China data but may be short-lived
Wednesday, 14 March 2018, 8:07 pm | BusinessDesk
NZ dollar gets lift from China data but may be short-lived as global trade war fears remain By Rebecca Howard More >>
Govt launches Innovation Partnership programme
Wednesday, 14 March 2018, 5:30 pm | BusinessDesk
March 13 (BusinessDesk) - Research, Science and Innovation Minister Megan Woods launched an Innovative Partnership programme to attract future-focused international innovators and firms such as Kitty Hawk Corp to undertake R&D and develop their products ... More >>
Funding Agency monitors international bond buying
Wednesday, 14 March 2018, 3:54 pm | BusinessDesk
March 14 (BusinessDesk) - Local Government New Zealand's funding body is closely monitoring investment in its bonds as US Treasury yields increase, with concerns borrowing costs may rise if foreign investment demand drops off. More >>
Trilogy set to go private
Wednesday, 14 March 2018, 2:45 pm | BusinessDesk
March 14 (BusinessDesk) - Trilogy International is set to de-list from NZX with shareholders backing a $211 million takeover from China's Citic Capital Partners at today's special meeting, leaving regulatory approvals the final obstacle to the deal. More >>
NZ current account deficit narrows in 4th qtr
Wednesday, 14 March 2018, 2:26 pm | BusinessDesk
March 14 (BusinessDesk) - New Zealand's current account deficit narrowed in the fourth quarter as goods and services exports were fuelled by a recovery in primary exports and spending by tourists. More >>
Rich pickings for Australian ethical investment fund
Wednesday, 14 March 2018, 2:12 pm | BusinessDesk
March 14 (BusinessDesk) - New Zealand has provided rich pickings for Australia's largest ethical investment fund, producing some of its best investments, according to the Kiwi who has managed its local equities for the past decade. More >>
Capital gains tax among most contentious issues: Tax Group
Wednesday, 14 March 2018, 1:39 pm | BusinessDesk
March 14 (BusinessDesk) - The government's Tax Working Group is encouraging submissions on capital gains taxes and land taxes, while stressing that owner-occupier housing is out of bounds. More >>
Auckland's overheated housing market is losing steam
Wednesday, 14 March 2018, 12:58 pm | BusinessDesk
March 14 (BusinessDesk) - Auckland's overheated housing market is slowing, with price growth lagging behind other main centres as it takes longer to sell a property and the number of houses available for sale increase, according to the latest monthly ... More >>
Dollar touches 3-week high as US inflation meets estimates
Wednesday, 14 March 2018, 11:41 am | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar rose to a three-week high after US inflation printed in line with expectations and US President Donald Trump dumped his Secretary of State Rex Tillerson. More >>
While you were sleeping: Tillerson out, US inflation muted
Wednesday, 14 March 2018, 10:04 am | BusinessDesk
March 14 (BusinessDesk) - Wall Street gave up earlier gains as investors assessed the impact of tame US inflation data on the outlook for interest rates and US President Donald Trump’s sudden firing of Secretary of State Rex Tillerson on the administration's ... More >>
UPDATE: FMA rejected 2015 complaint on CBL prospectus
Tuesday, 13 March 2018, 9:27 pm | BusinessDesk
March 13 (BusinessDesk) - The Financial Markets Authority was warned of potential issues at CBL Corp before the insurance services group went public in 2015 but dismissed the complaints from a businessman whose company was caught in a US probe over "fraudulent" ... More >>
MARKET CLOSE: NZ shares rise on Summerset upgrade
Tuesday, 13 March 2018, 8:40 pm | BusinessDesk
MARKET CLOSE: NZ shares rise on Summerset upgrade; Synlait gains while Argosy, Strike shed dividends More >>
Massive demand for 2029 NZ govt bonds: $5B bid for $2B
Tuesday, 13 March 2018, 8:37 pm | BusinessDesk
March 13 (BusinessDesk) - The New Zealand Debt Management Office's sale of a new April 20, 2029, bond was 2 1/2 times overbid as investors looked to lock in attractive long-term interest rates ahead of what looks to be a gradual rise in global interest ... More >>
Woods says low income people shouldn't subsidise solar power
Tuesday, 13 March 2018, 8:25 pm | BusinessDesk
March 13 (BusinessDesk) - Energy Minister Megan Woods has told a major electricity industry conference the government is watching to make sure low-income consumers don't end up facing higher electricity costs caused by wealthier people installing ... More >>
NZ dollar sticks to tight range ahead of US CPI data
Tuesday, 13 March 2018, 8:11 pm | BusinessDesk
March 13 (BusinessDesk) - The New Zealand dollar was little changed, holding in a tight range in jittery markets ahead of US inflation data due later in the global trading day. More >>
FMA rejected a 2015 complaint on CBL prospectus
Tuesday, 13 March 2018, 8:04 pm | BusinessDesk
March 13 (BusinessDesk) - The Financial Markets Authority was warned of potential issues at CBL Corp before the insurance services group went public in 2015 but dismissed the complaints from a businessman whose company was caught in a US probe over "fraudulent" ... More >>
NZX-listed takeover activity hits decade-high in 2017
Tuesday, 13 March 2018, 7:48 pm | BusinessDesk
NZX-listed takeover activity hits decade-high in 2017, set to persist this year: Bell Gully More >>
Zespri shares halted for vote on constitutional changes
Tuesday, 13 March 2018, 7:47 pm | BusinessDesk
March 13 (BusinessDesk) - Shares of Zespri Group will be halted for two days pending a vote on constitutional changes aimed at strengthening grower ownership and control of New Zealand's statutory kiwifruit exporter. More >>
Lawyer, agent failed Chinese buyers ordered to pay $847k
Tuesday, 13 March 2018, 7:46 pm | BusinessDesk
March 13 (BusinessDesk) - Four Chinese investors who bought a cliff-top mansion in Auckland without getting Overseas Investment Office permission were failed by both their New Zealand legal adviser and real estate agent, according to a High Court ... More >>
Battle for tea-time electricity looms
Tuesday, 13 March 2018, 7:03 pm | BusinessDesk
March 13 (BusinessDesk) - Electric vehicles recharging at home will start competing with households cooking dinner and watching TV, creating strain on existing electricity networks and forcing change to the way power is currently priced, say two new reports ... More >>
