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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 285]
NZ shares drop 2% in early trading as US markets recover
Wednesday, 7 February 2018, 1:35 pm | BusinessDesk
Feb. 7 (BusinessDesk) - New Zealand shares fell 2 percent as the market opened, following global sharemarkets lower, although selling was not as severe as some market watchers feared. More >>
Infratil reviews ownership of NZ Bus
Wednesday, 7 February 2018, 1:09 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Infratil, the publicly listed infrastructure investor, has begun a strategic review of its ownership of NZ Bus after concluding negotiations for contracts for Wellington and Auckland commuter services valued at $1.3 billion. More >>
Bay of Plenty Maori partner with Japan's Imanaka
Wednesday, 7 February 2018, 12:01 pm | BusinessDesk
Feb. 7 (BusinessDesk) - A group of Maori organisations has partnered with Japanese food company Imanaka to develop a milk processing plant to make high-value niche products in Kawerau. More >>
NZ dollar gains as dairy prices rise, employment data looms
Wednesday, 7 February 2018, 11:48 am | BusinessDesk
Feb. 7 (BusinessDesk) - The New Zealand dollar rose as dairy product prices gained for the third straight auction and as traders await employment data that may show a higher jobless rate and slower employment growth in the fourth quarter. More >>
Wall St recovers in volatile trading
Wednesday, 7 February 2018, 10:58 am | BusinessDesk
Feb. 7 (BusinessDesk) - Wall Street rebounded, as investors found value following Monday’s global stock market rout, amid bets that the outlook remains positive for corporate profits. More >>
Dairy product prices climb for third straight auction
Wednesday, 7 February 2018, 10:06 am | BusinessDesk
Feb. 7 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, rising for the third straight time, as buyers stocked up in anticipation of easing output. More >>
While you were sleeping: Wall St slides
Tuesday, 6 February 2018, 10:58 am | BusinessDesk
Feb. 6 (BusinessDesk) - Wall Street slid as investors reassessed valuations with the potential for interest rates to rise more than they had previously anticipated. More >>
MARKET CLOSE: NZ shares drop following Wall St selloff
Monday, 5 February 2018, 8:42 pm | BusinessDesk
MARKET CLOSE: NZ shares drop following Wall St selloff; Pushpay, F&P Healthcare, a2 fall More >>
NZ dollar hovers below 73 US cents as greenback finds favour
Monday, 5 February 2018, 8:18 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar held below 73 US cents amid growing expectations the US Federal Reserve will hike rates more aggressively this year after solid jobs data in contrast to the Reserve Bank which will likely reiterate it won't ... More >>
Riot Foods hopes crowdfunding market will warm to offer
Monday, 5 February 2018, 8:02 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Riot Foods, which markets nut butters, breakfast mixes, protein powders and biltong, is a third of the way to its target of raising $600,000 on PledgeMe with four days to run on its crowdfunded share sale. More >>
Treasury sees inflation slowing to 1% in March quarter
Monday, 5 February 2018, 7:28 pm | BusinessDesk
Treasury sees inflation slowing to 1% in March quarter on cheap petrol, fees free policy More >>
NZ coarse wool prices lift from lows as demand picks up
Monday, 5 February 2018, 5:14 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Prices for New Zealand coarse wool have lifted at auction this year as the relatively low price stokes demand. More >>
NZ commodity prices lift 0.7% on month in January
Monday, 5 February 2018, 5:01 pm | BusinessDesk
New Zealand commodity prices rose slightly in January with meat, dairy, forestry and aluminium prices all lifting; the only fall was seen in milkfat products. More >>
Xero shares slip 2.5% in first day of sole ASX listing
Monday, 5 February 2018, 4:03 pm | BusinessDesk
Feb. 5 (BusinessDesk) - Xero shares fell 2.5 percent in their first day as being solely listed on the ASX, following the fall-out of a sharp sell-off on Wall Street which drove markets lower in Australia and New Zealand and weighed more heavily on ... More >>
NZX50 drops 1.6% as Wall Street slides on rising inflation
Monday, 5 February 2018, 2:49 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand shares took an early tumble, tracking a sharp fall on Wall Street on Friday after strong US jobs data fuelled concerns US inflation will accelerate faster. More >>
Te Hono says move to value from volume now accepted
Monday, 5 February 2018, 2:48 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The Te Hono movement, which aims to increase the value of New Zealand's primary sector production, says its mission is now well accepted and its biggest future challenge is getting the right people to help shape the country's ... More >>
NZME, Fairfax to appeal High Court merger decision
Monday, 5 February 2018, 1:46 pm | BusinessDesk
Feb. 5 (BusinessDesk) - NZME and Fairfax Media Group will appeal a High Court decision upholding their blocked merger and will focus on the issue of plurality. More >>
Auckland house sales fall 5.7% in January as listings grow
Monday, 5 February 2018, 1:45 pm | BusinessDesk
Feb. 5 (BusinessDesk) - The number of houses sold in Auckland fell 5.7 percent in January from a year earlier, even as prices edged lower, with the pipeline of available properties in the country's biggest city swelling to a six-year high, says realtor ... More >>
NZX share trading almost doubles in January
Monday, 5 February 2018, 1:11 pm | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand share trading surged on the NZX in January and values also pushed higher as low interest rates continue to fuel interest in the market given limited returns for debt securities and bank deposits. More >>
CBL Corp says full-year net loss was $75M-$85M
Monday, 5 February 2018, 12:40 pm | BusinessDesk
Feb. 5 (BusinessDesk) - CBL Corp said it will post a full-year loss because of an increase in the future claims reserve for its French construction insurance business and a write-off of receivables in that business. As a result it is planning to raise ... More >>
