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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 30]
Inflation expectations push lower in RBNZ survey
Tuesday, 6 August 2019, 6:44 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Business managers and finance professionals lowered their inflation expectations in the latest Reserve Bank survey. More >>
King Salmon targets 'open ocean' Cook Strait salmon farm
Tuesday, 6 August 2019, 5:39 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Marlborough Sounds fish farmer New Zealand King Salmon is targeting construction of the country's first 'open ocean' salmon farm by late 2020. More >>
Solid jobs numbers won't sway RBNZ - economists
Tuesday, 6 August 2019, 4:59 pm | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand’s unemployment rate hit an 11-year low, but economists say the data won’t put off tomorrow’s widely expected rate cut and most say it doesn’t change anything down the track. More >>
Westpac to refund $7 million to 93,000 NZ customers
Tuesday, 6 August 2019, 2:46 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Westpac is to refund $7 million to 93,000 New Zealand customers overcharged due to incorrect calculation of rewards and fee-waivers on some accounts. More >>
Rural WISPs fret about being crowded out of 5G auction
Tuesday, 6 August 2019, 2:37 pm | BusinessDesk
Aug. 6 (BusinessDesk) - Wireless internet service providers to the rural sector are worried that Vodafone and other mobile phone companies pushing to get 5G services up and running will crowd them out of the market. More >>
UPDATE: New Zealand's unemployment rate falls to 11-year low
Tuesday, 6 August 2019, 2:09 pm | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand’s unemployment rate fell to an 11-year low while wages ticked up on the back of a rise in the minimum wage. More >>
NZ unemployment rate hits 11-year low
Tuesday, 6 August 2019, 2:03 pm | BusinessDesk
Aug. 6 (BusinessDesk) - New Zealand’s unemployment rate fell to an 11-year low while wages ticked up on the back of a rise in the minimum wage. More >>
NZX on-market trading ticks higher in July
Tuesday, 6 August 2019, 12:29 pm | BusinessDesk
Aug. 6 (BusinessDesk) - The value of share trading through the formal stock exchange continued to tick higher in July although the average on-market trades were smaller. More >>
NZ dollar dips below 65 US cents
Tuesday, 6 August 2019, 11:22 am | BusinessDesk
Aug. 6 (BusinessDesk) - The New Zealand dollar briefly dipped below 65 US cents overnight but recovered as markets shift their attention to domestic data and a rate decision in Australia. More >>
MARKET CLOSE: NZ market follows Asia lower
Monday, 5 August 2019, 9:05 pm | BusinessDesk
Aug. 5 (BusinessDesk) - New Zealand shares followed offshore markets lower amid trade tensions between the US and China and as investors await another local interest rate cut this week. More >>
NZ little changed against greenback
Monday, 5 August 2019, 8:52 pm | BusinessDesk
Aug. 5 (BusinessDesk) - The New Zealand dollar was little changed against the US dollar after initially plunging with China’s yuan after US President Donald Trump escalated the trade war between the two nations. More >>
Huka lodge sale next act in van Heeran-Kidd dispute
Monday, 5 August 2019, 8:51 pm | BusinessDesk
Aug. 5 (BusinessDesk) - The Court of Appeal has appointed receivers to enable the sale of Taupo's exclusive Huka Lodge so that it can be sold as part of a dispute between two businessmen. More >>
NZ commodity prices fall in July on slide in dairy, forestry
Monday, 5 August 2019, 5:09 pm | BusinessDesk
Aug. 5 (BusinessDesk) - New Zealand commodity prices fell in July, weighed by the recent fall in forestry and dairy prices. More >>
2Degrees: still plenty of growth at the 10 year mark
Monday, 5 August 2019, 4:25 pm | BusinessDesk
Some expected 2Degrees - New Zealand's third largest mobile telecommunications operator - would die on the vine as it simultaneously squeezed margin out of the Vodafone-Spark market stranglehold while ploughing hundreds of millions of dollars into third and ... More >>
RBNZ to cut rates and signal more to come
Monday, 5 August 2019, 4:25 pm | BusinessDesk
Aug. 5 (BusinessDesk) - The Reserve Bank of New Zealand is expected to cut rates on Wednesday and leave the door open for more easing as heightened global uncertainty is coupled with a subdued domestic outlook. More >>
Briscoe Group reports lift in 1H sales despite headwinds
Monday, 5 August 2019, 1:38 pm | BusinessDesk
Aug. 5 (BusinessDesk) - Briscoe Group continues to shrug off headwinds in the retail sector, reporting a lift in first half sales but noted net profit would be hit by a $1.2 million adjustment as a result of the way leases are treated in the new accounting ... More >>
Signals point to a lacklustre earnings season
Monday, 5 August 2019, 11:18 am | BusinessDesk
Aug. 5 (BusinessDesk) - The upcoming earnings season is likely to be a more lacklustre period than recent previous seasons and the global backdrop will probably be more volatile. More >>
NZ dollar weighed by ongoing US-China trade jitters
Monday, 5 August 2019, 11:16 am | BusinessDesk
Aug. 5 (BusinessDesk) - The New Zealand dollar remains under pressure as trade jitters continue to weigh on global risk appetite. More >>
MARKET CLOSE: NZ stocks edge higher, led by Contact
Friday, 2 August 2019, 8:56 pm | BusinessDesk
Aug. 2 (BusinessDesk) - New Zealand shares edged higher despite a slide in Asian markets on renewed concerns for the global trade outlook. Contact Energy led the gainers as local investors prepare for coming earnings. More >>
NZ dollar falls on Trump China Trade tweet
Friday, 2 August 2019, 8:26 pm | BusinessDesk
Aug. 2 (BusinessDesk) - The New Zealand dollar fell, particularly against the Australian dollar, in the wake of US President Donald Trump tweeting plans to impose more tariffs on US$300 billion of Chinese goods next month. More >>
