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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 293]
Mycoplasma bovis on 17 farms: MPI says eradication on table
Thursday, 18 January 2018, 5:23 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Three new properties have been identified as being infected with the Mycoplasma bovis bacterial cattle disease, bringing the total to 17, but the Ministry of Primary Industries still believes eradication is possible. More >>
Bod Australia signs deal to produce hemp-based mānuka honey
Thursday, 18 January 2018, 5:05 pm | BusinessDesk
Jan. 18 (BusinessDesk) - ASX-listed Bod Australia has signed an agreement with mānuka honey producer Manuka Pharma to produce a hemp-based honey product line. More >>
NZD drops on upbeat Fed report, Apple's tax bill
Thursday, 18 January 2018, 3:42 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar dropped more than half a US cent after upbeat comments from the US Federal Reserve and news Apple Inc's tax bill and investment plans will see more funds flow into the US may have galvanised investors ... More >>
Chorus connections fall, data usage expected to grow in 2018
Thursday, 18 January 2018, 2:54 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Chorus lost 23,000 fixed-line connections in the final three months of 2017, shedding lines at the same pace as the September quarter when it embarked on a marketing campaign extolling the virtues of fixed-line service. More >>
Fletcher Building didn't breach NZX rules
Thursday, 18 January 2018, 1:20 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand stock exchange has found Fletcher Building did not breach continuous disclosure rules in relation to two forecast earnings downgrades last year. More >>
NZ Refining lifts 2017 fee revenue 19%
Thursday, 18 January 2018, 12:54 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand Refining lifted processing fee income 19 percent in 2017 as the country's only refinery operator enjoyed wider margins in the year, helping offset a lower volume during the pipeline outage in September. More >>
NZ house sales slump in December but prices still firm
Thursday, 18 January 2018, 12:41 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The number of property sales across New Zealand slumped 10 percent in December from a year earlier but prices continued to lift, according to the Real Estate Institute. More >>
France's Ingenico eyes broader services with Paymark deal
Thursday, 18 January 2018, 12:24 pm | BusinessDesk
Jan. 18 (BusinessDesk) - French payments systems provider Ingenico plans to integrate New Zealand's Paymark payment network with its recently acquired Bambora business to offer a broader array of services to local retailers and financial institutions. More >>
NZ dollar gains as possible US govt shutdown looms
Thursday, 18 January 2018, 11:43 am | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar continued its volatile start to the year, rising back above 73 US cents as the threat of a federal government shutdown in the US weighs on the greenback. More >>
While you were sleeping: Boeing rallies on seating
Thursday, 18 January 2018, 10:52 am | BusinessDesk
Jan. 18 (BusinessDesk) - Wall Street climbed amid broad optimism about the outlook for corporate earnings, even as shares of Goldman Sachs and Bank of America slid following their latest results. More >>
MARKET CLOSE: NZ shares mixed
Wednesday, 17 January 2018, 8:38 pm | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand shares were mixed, with Synlait Milk, A2 Milk Co and Fisher & Paykel Healthcare Corp leading gains. More >>
NZ dollar falls vs Aussie on strong consumer confidence
Wednesday, 17 January 2018, 8:29 pm | BusinessDesk
Jan. 17 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart on growing consumer confidence across the Tasman, and declined against the greenback on weaker commodity prices. More >>
NZ commodity prices fall in December while stronger kiwi cut
Wednesday, 17 January 2018, 4:34 pm | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand commodity prices dropped again in December while the stronger kiwi dollar eroded export receipts for primary producers. More >>
Ross Asset liquidators to chase 10 investors for funds
Wednesday, 17 January 2018, 3:41 pm | BusinessDesk
Jan. 17 (BusinessDesk) - The liquidators for Ross Asset Management have filed legal proceedings against 10 former investors as it gets closer to paying jilted investors in the country's biggest ever Ponzi scheme. More >>
Banks Shoes chain sold for $2.3 mln, covering BNZ loan
Wednesday, 17 January 2018, 3:01 pm | BusinessDesk
Jan. 17 (BusinessDesk) - Failed footwear chain Banks Group's business sold for $2.3 million to a group of investors led by the former owner's son Jeremy Bank, all but covering an outstanding loan to Bank of New Zealand. More >>
Government helps seed 20 EV-related projects with $3.7 mln
Wednesday, 17 January 2018, 2:25 pm | BusinessDesk
Jan. 17 (BusinessDesk) - Government and its commercial and not-for-profit partners are stumping up $8 million across 20 projects aimed at getting 64,000 electric vehicles on the road by 2021. More >>
ComCom warns NZ Trustees Association over invoices
Wednesday, 17 January 2018, 1:34 pm | BusinessDesk
Jan. 17 (BusinessDesk) - The Commerce Commission has formally warned the New Zealand Trustees Association over invoices sent out to charities for unsolicited membership services saying it breached the Fair Trading Act. More >>
A2 to roll out US business to eastern seaboard
Wednesday, 17 January 2018, 12:17 pm | BusinessDesk
Jan. 17 (BusinessDesk) - A2 Milk Co plans to roll out its US business to nine states on the eastern seaboard, which it expects will expand its retail footprint by more than a third. More >>
NZ dollar dips as policymakers grumble over volatility
Wednesday, 17 January 2018, 11:38 am | BusinessDesk
Jan. 17 (BusinessDesk) - The New Zealand dollar edged lower as Japanese and European policymakers raised concerns over excessive volatility in currency markets and as US investors returned from a long weekend. More >>
While you were sleeping: Dow climbs above 26,000 points
Wednesday, 17 January 2018, 10:57 am | BusinessDesk
Jan. 17 (BusinessDesk) - Wall Street moved higher, paring some of its gains after touching record highs earlier in the day, amid better-than-expected corporate earnings including from UnitedHealth Group and a rally in Merck shares. More >>
