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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 299]
Dairy product prices increase amid outlook for lower supply
Wednesday, 3 January 2018, 10:57 am | BusinessDesk
Jan. 3 (BusinessDesk) - Dairy product prices rose at the Global Dairy Trade auction, as whole milk powder increased on the outlook for reduced supply from Fonterra, the world’s top dairy exporter. More >>
NZ dollar heads for 1.9% gain in 2017 after December boost
Friday, 29 December 2017, 6:14 pm | BusinessDesk
NZ dollar heads for 1.9% gain in 2017 after December boost By Rebecca Howard More >>
MARKET CLOSE: NZX50 runs away with 22% gain in 2017
Friday, 29 December 2017, 4:50 pm | BusinessDesk
Dec. 29 (BusinessDesk) - New Zealand shares dipped in the final trading day of 2017 on lacklustre holiday volumes, rounding out a 22 percent annual gain for the benchmark index in what's been a stellar year for a2 Milk Co. More >>
Serko shares soar 659% in 2017, topping NZ stock market
Friday, 29 December 2017, 3:01 pm | BusinessDesk
Dec. 29 (BusinessDesk) - Serko is on track to be 2017's best performer on the stock exchange after gaining 659 percent so far this year as investors are increasingly confident it will move into the black. More >>
NZ dollar edges higher as greenback remains unloved
Friday, 29 December 2017, 12:02 pm | BusinessDesk
Dec. 29 (BusinessDesk) - The New Zealand dollar edged higher as the greenback remained out of favour in holiday trading, reinforcing demand for risk-sensitive assets such as commodities and currencies linked with raw materials. More >>
While you were sleeping: Copper continues ascent
Friday, 29 December 2017, 10:14 am | BusinessDesk
Dec. 29 (BusinessDesk) - Wall Street moved higher as did commodities, notably copper, as investors bet on sustained demand for the metal amid an upbeat outlook for the global economy and corporate profits. More >>
MARKET CLOSE: NZ shares rise in subdued holiday trading
Thursday, 28 December 2017, 8:42 pm | BusinessDesk
Dec. 28 (BusinessDesk) - New Zealand shares rose in subdued holiday trading, keeping the S&P/NZX 50 Index on track for an annual gain of about 22 percent, as US tax cuts lifted sentiment for equities and for companies that do business in the US, ... More >>
NZ dollar rises in thin trading at US dollar
Thursday, 28 December 2017, 8:16 pm | BusinessDesk
Dec. 28 (BusinessDesk) - The New Zealand dollar rose in very thin trading as it continued to benefit from ongoing US dollar weakness and a lift in commodity-linked currencies. More >>
Brent King to run first finance company since Dorchester
Thursday, 28 December 2017, 6:46 pm | BusinessDesk
Brent King to run first finance company since Dorchester exit as General Finance changes hands More >>
NZD to 2-mth high as US confidence falls, commodities rise
Thursday, 28 December 2017, 11:53 am | BusinessDesk
Dec. 28 (BusinessDesk) - The New Zealand dollar rose to a two-month high in subdued holiday season trading after US consumer confidence fell and the kiwi benefitted from gains in commodity-linked currencies. More >>
While you were sleeping: Wall St rises, copper climbs
Thursday, 28 December 2017, 11:21 am | BusinessDesk
Dec. 28 (BusinessDesk) - Wall Street crept higher, as did US Treasuries, while copper climbed to the highest level in nearly four years. More >>
MARKET CLOSE: Shares slip as appetite for yield stocks dim
Wednesday, 27 December 2017, 8:33 pm | BusinessDesk
Dec. 27 (BusinessDesk) - New Zealand shares slipped in thin holiday trading as appetite for companies offering attractive dividend yields, such as regulated utilities Chorus and Genesis Energy and pay-TV operator Sky Network Television declined. More >>
NZ dollar gains in thin trading as investors remain upbeat
Wednesday, 27 December 2017, 8:25 pm | BusinessDesk
Dec. 27 (BusinessDesk) - The New Zealand dollar edged up against the greenback in thin holiday trading as investors remain cheered about the domestic economy. More >>
MyFarm $13M Rockit apple investment offer closes
Wednesday, 27 December 2017, 2:35 pm | BusinessDesk
Dec. 27 (BusinessDesk) - MyFarm Investments, which pools funds for rural investment, said its $13 million offer for growing miniature Rockit snack apples closed oversubscribed. More >>
Sealord's annual profit falls 19% on write down
Wednesday, 27 December 2017, 2:33 pm | BusinessDesk
Dec. 27 (BusinessDesk) - Sealord's annual profit fell 19 percent largely on an impairment charge of its British-based Sealord Caistor processing business, which was sold to shareholder Nippon Suisan Kaisha. More >>
NZ Boxing Day spending lifts 6.4%, Paymark says
Wednesday, 27 December 2017, 1:09 pm | BusinessDesk
Dec. 27 (BusinessDesk) - New Zealand electronic spending on Boxing Day lifted 6.4 percent this year, led by growth in department stores, appliance stores and home decorating, according to local payments company Paymark. More >>
NZ dollar little changed vs yen after BOJ minutes
Wednesday, 27 December 2017, 12:43 pm | BusinessDesk
Dec. 27 (BusinessDesk) - The New Zealand dollar was little changed against the yen after minutes of the Bank of Japan's last policy meeting showed a strong desire to maintain stimulus measures for the time being. More >>
Augusta buys second property for industrial fund
Wednesday, 27 December 2017, 12:42 pm | BusinessDesk
Dec. 27 (BusinessDesk) - Augusta Capital has bought a second property which it plans to add to an industrial property fund scheduled to launch next year. More >>
While you were sleeping: Apple slumps on iPhone X concern
Wednesday, 27 December 2017, 12:41 pm | BusinessDesk
Dec. 27 (BusinessDesk) - Wall Street moved lower as a decline in Apple shares weighed on sentiment, while oil gained on reports of a pipeline explosion in Libya. More >>
NZ dollar holds above 70 US cents in quiet trading
Friday, 22 December 2017, 6:04 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The New Zealand dollar held above 70 US cents as investors continued to take heart from yesterday's upwardly revised gross domestic product numbers. More >>
