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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 286]
Red carpet rolled out for VIPs at China Construction Bank
Monday, 5 February 2018, 11:48 am | BusinessDesk
Feb. 5 (BusinessDesk) - New Zealand’s relationship with China was on show at China Construction Bank’s opening of a local branch, the first overseas lender approved under the Reserve Bank’s dual-registration rules. More >>
NZ dollar drops below 73 US cts on rising US wages
Monday, 5 February 2018, 11:31 am | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar fell below 73 US cents for the first time in almost a week as faster wage growth in the US stoked inflation expectations, pushing up the greenback and yields on US Treasuries. More >>
World Week Ahead: Eyes on Fed speakers
Monday, 5 February 2018, 11:09 am | BusinessDesk
Feb 5 (BusinessDesk) - Following a sharp drop on Wall Street and a surge in bond yields on heightened concern about the outlook for inflation and interest rates, investors will eye speeches from a slew of Federal Reserve officials for fresh clues. More >>
MARKET CLOSE: NZ shares rise, led by Air NZ, Briscoe
Friday, 2 February 2018, 8:31 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Air NZ, Briscoe; CBL falls before being halted More >>
NZ dollar heads for 0.4% weekly gain
Friday, 2 February 2018, 8:26 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent weekly gain against the greenback, which is trading around its lowest levels in more than three years against a basket of currencies. More >>
No reason for RBNZ to change accommodative policy
Friday, 2 February 2018, 8:01 pm | BusinessDesk
Feb. 2 (BusinessDesk) - The Reserve Bank is expected to leave the official cash rate at 1.75 percent next week and continue projecting very little increase for the next three years because inflation has slowed in an economy that's has been on a faster ... More >>
Silbery's Life-Space Group sold to China's By-Health
Friday, 2 February 2018, 4:43 pm | BusinessDesk
Silbery's Life-Space Group sold to China's By-Health for up to A$690M By Sophie Boot More >>
NZ kiwifruit industry needs to manage its growth
Friday, 2 February 2018, 4:32 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand's kiwifruit industry needs to manage its ambitious growth plans to ensure there are enough workers and packing plants, and to be aware of rising input prices, ANZ Bank economists say. More >>
Briscoe says full-year sales topped $600M for first time
Friday, 2 February 2018, 2:58 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Briscoe Group says full-year sales topped $600 million for the first time, helped by stronger revenue from sporting goods in the fourth quarter, and the retailer expects to report a record annual profit of about $61 million. More >>
Residential building consents rise to 13-year high in 2017
Friday, 2 February 2018, 2:46 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand residential building consents advanced 3.4 percent last year to their highest level in 13 years as a jump in apartment and townhouse consents offset a decline in stand-alone houses. More >>
NZ annual net migration dips in December
Friday, 2 February 2018, 2:34 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand annual net migration dropped in December from a year earlier, with an increase in Kiwis leaving the country. More >>
NZ consumer confidence rises in January
Friday, 2 February 2018, 1:36 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand consumer confidence rose in January, snapping a three-month slide, as Kiwis became more upbeat about the economic outlook, house prices and spending on major household items. More >>
NZ dollar gains as Fed's plans fail to underpin greenback
Friday, 2 February 2018, 11:48 am | BusinessDesk
Feb. 2 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback after the Federal Reserve's reiteration of its rate hike plans and strong US manufacturing data failed to stoke the US currency. More >>
Rising milk price helps push annual revenue above $1B
Friday, 2 February 2018, 11:26 am | BusinessDesk
Feb. 2 (BusinessDesk) - Open Country Dairy, New Zealand's second-largest milk processor, generated more than $1 billion of revenue last year but payments for milk rose faster than receipts from customers and profit fell. More >>
While you were sleeping: eBay rallies as it drops PayPal
Friday, 2 February 2018, 11:13 am | BusinessDesk
Feb. 2 (BusinessDesk) - Wall Street rose, bolstered by better-than-expected corporate earnings including from Facebook and eBay. More >>
MARKET CLOSE: NZ shares fall after month-end positioning
Thursday, 1 February 2018, 8:49 pm | BusinessDesk
Feb. 1 (BusinessDesk) - New Zealand shares fell on the first day of the month in a muted trading session after institutional investors staked out positions yesterday. Contact Energy and Summerset Group Holdings declined. More >>
NZ dollar retreats after topping 74 US cents
Thursday, 1 February 2018, 8:34 pm | BusinessDesk
Feb. 1 (BusinessDesk) - The New Zealand dollar fell, having climbed above 74 US cents overnight, with some traders saying it may have seen its highs for the year because US rate hikes will increasingly come into focus. More >>
Meridian signs deals with Tilt, Total Eren
Thursday, 1 February 2018, 7:04 pm | BusinessDesk
Feb. 1 (BusinessDesk) - Meridian Energy has inked three new supply contracts in Australia giving the owner of the Powershop energy retailer more renewables supply from wind farms and a solar farm. More >>
Pacific Edge shares gain 6.5% on first deal in Singapore
Thursday, 1 February 2018, 1:48 pm | BusinessDesk
Feb. 1 (BusinessDesk) - Pacific Edge shares rose 6.5 percent after the cancer diagnostics firm signed its first commercial deal to supply its suite of Cxbladder tests in Singapore. More >>
NZ dollar gives up gain as Fed's Yellen plays straight bat
Thursday, 1 February 2018, 11:56 am | BusinessDesk
Feb. 1 (BusinessDesk) - The New Zealand dollar gave up earlier gains as Federal Reserve chair Janet Yellen played a straight bat in her final policy review, keeping rates on hold while adding emphasis on plans to raise US interest rates. More >>
