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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 287]
NZ out of step with trading partners
Thursday, 1 February 2018, 11:39 am | BusinessDesk
Feb. 1 (BusinessDesk) - New Zealand is out of step with its trading partners in fully accepting possible changes to its Double Tax Agreements (DTAs) under an OECD framework that's meant to stamp out rorts by multinational corporations intent on minimising ... More >>
While you were sleeping: Boeing rallies, Treasuries slide
Thursday, 1 February 2018, 10:49 am | BusinessDesk
Feb. 1 (BusinessDesk) - Wall Street climbed, bolstered by a rally in Boeing shares following better-than-expected results, while US Treasuries slid amid concern about additional supply and interest rate increases. More >>
MARKET CLOSE: NZ shares jump 1.7% on heavier turnover
Wednesday, 31 January 2018, 9:05 pm | BusinessDesk
Jan. 31 (BusinessDesk) - New Zealand shares rose on a busier day than usual, marking the final day of trading for one-time market darling Xero. SkyCity Entertainment Group, Air New Zealand and Sky Network Television gained. More >>
NZ dollar climbs above 91 Aust cts on inflation data
Wednesday, 31 January 2018, 8:12 pm | BusinessDesk
NZ dollar climbs above 91 Aust cts as inflation misses expectations; greenback still out of favour More >>
Sue Suckling replaced by Pete Hodgson at Callaghan
Wednesday, 31 January 2018, 8:11 pm | BusinessDesk
Jan. 31 (BusinessDesk) - The founding chair of the government's commercialisation incubator Callaghan Innovation, Sue Suckling, has been replaced by the former Research, Science and Technology Minister in the Helen Clark government, Pete Hodgson. More >>
Southern Pastures ties up with Westland Milk
Wednesday, 31 January 2018, 7:43 pm | BusinessDesk
Jan. 31 (BusinessDesk) - Dairy farm fund Southern Pastures LP, which took a quarter stake in Lewis Road Creamery last year, will link with Westland Milk Products as a supplier from the 2018/19 season and with plans for a high-value product joint ... More >>
NZX seeks closer ties with Hong Kong Exchange
Wednesday, 31 January 2018, 7:42 pm | BusinessDesk
Jan. 31 (BusinessDesk) - NZX has signed a memorandum of understanding with Hong Kong Exchanges and Clearing to investigate broader regional product development, and both have one eye firmly on green finance and sustainability initiatives. More >>
Labour will work with business over confidence concerns
Wednesday, 31 January 2018, 6:50 pm | BusinessDesk
Jan. 31 (BusinessDesk) - Finance Minister Grant Robertson says weaker business confidence in recent surveys reflect perceptions of the new Labour-led government, but he and other ministers will still be seeking to allay concerns. More >>
No negative returns for KiwiSaver funds in 2017
Wednesday, 31 January 2018, 6:49 pm | BusinessDesk
Jan. 31 (BusinessDesk) - All 146 KiwiSaver products offered by 16 providers generated a positive return for their investors in 2017, a year that delivered strong gains on equity markets with the local benchmark S&P/NZX 50 Index jumping 22 percent. More >>
National's English quashes leadership speculation
Wednesday, 31 January 2018, 6:17 pm | BusinessDesk
Jan. 31 (BusinessDesk) - Opposition leader Bill English quashed speculation members of the National Party's caucus want to change leadership, with rumours surfacing just ahead of his first major speech of the year. More >>
Grant Robertson to deliver first Budget on May 17
Wednesday, 31 January 2018, 4:27 pm | BusinessDesk
Jan. 31 (BusinessDesk) - The government has set Thursday, May 17 as the date for its first Budget. More >>
Trees, trains and trade unions drive nostalgic govt: English
Wednesday, 31 January 2018, 4:13 pm | BusinessDesk
Jan. 31 (BusinessDesk) - The Labour-led government's policy agenda is driven by "a nostalgic belief in trees, trains and trade unions," said Opposition leader Bill English in a State of the Nation address in Wellington overshadowed by media ... More >>
Augusta gets resource consent for $19.2M Airways development
Wednesday, 31 January 2018, 12:33 pm | BusinessDesk
Jan. 31 (BusinessDesk) - Augusta Capital will proceed with a planned $19.2 million development for Airways Corp after getting resource consent and funding approvals for the deal. More >>
NZ dollar edges up as Trump address, Australian CPI awaited
Wednesday, 31 January 2018, 11:51 am | BusinessDesk
Jan. 31 (BusinessDesk) - The New Zealand dollar rose ahead of US President Donald Trump's first State of the Union address and Australian inflation data that's expected to validate expectations of a rate hike across the Tasman this year. Sentiment was ... More >>
S&P affirms New Zealand's AA credit rating
Wednesday, 31 January 2018, 11:49 am | BusinessDesk
Jan. 31 (BusinessDesk) - Global ratings agency Standard & Poor's has affirmed New Zealand's 'AA' sovereign credit rating, saying the new government's plans to lift spending will be a bigger contributor to growth in the future, but are funded through ... More >>
While you were sleeping: Amazon shakes up US health care
Wednesday, 31 January 2018, 11:11 am | BusinessDesk
Jan. 31 (BusinessDesk) - Wall Street dropped, as did US Treasuries, as investors reassessed valuations, while plans by Amazon, Berkshire Hathaway and JPMorgan Chase to form a new health-care company weighed on the industry’s shares. More >>
CORRECT: France's Michelin takes 25% stake in Tyreline
Tuesday, 30 January 2018, 9:22 pm | BusinessDesk
Jan. 30 (BusinessDesk) - French tyre manufacturer Michelin has taken a quarter-stake in Hamilton-based wholesaler Tyreline Distributors and retailer Beaurepaires at a time when New Zealand's new car sales have been at record highs. More >>
MARKET CLOSE: NZ shares fall; Trustpower, Kiwi Property drop
Tuesday, 30 January 2018, 9:04 pm | BusinessDesk
Jan. 30 (BusinessDesk) - New Zealand shares fell, led by Trustpower and Kiwi Property Group, while Fletcher Building and a2 Milk gained. More >>
NZ dollar falls, may extend slide on Trump speech, US data
Tuesday, 30 January 2018, 9:03 pm | BusinessDesk
Jan. 30 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger greenback and may extend its decline if US President Donald Trump talks up the US dollar in his first State of the Union address. More >>
AMP Capital NZ stays neutral on stocks, listed property
Tuesday, 30 January 2018, 7:47 pm | BusinessDesk
Jan. 30 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, remains neutral on stocks as equity benchmarks chart record highs, preferring to hold more cash, foreign currencies and alternative growth assets. More >>
