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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 300]
MARKET CLOSE: NZ shares up in very quiet pre-Christmas
Friday, 22 December 2017, 6:03 pm | BusinessDesk
Dec. 22 (BusinessDesk) - New Zealand shares traded quietly in a truncated final session before Christmas, rising in light volume. More >>
YEAR IN REVIEW: NZ politics keeps business world on its toes
Friday, 22 December 2017, 3:42 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Political rumblings came into focus in the business world through the tail-end of 2017 as Jacinda Ardern's unexpected rise to the prime minister's office brought a fresh approach to dealing with burgeoning capacity constraints and ... More >>
Allbirds expands to Australia, eyes further global markets
Friday, 22 December 2017, 3:41 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Allbirds, the merino wool shoe company co-founded by former New Zealand soccer star Tim Brown, has expanded into its third global market, launching in Australia last month, and it’s eyeing up more markets for next year. More >>
YEAR IN REVIEW: Kiwi ends 2017 much where it started
Friday, 22 December 2017, 3:39 pm | BusinessDesk
YEAR IN REVIEW: Kiwi ends 2017 much where it started after volatile ride vs greenback More >>
IRD may treat crypto-currencies like gold held for profit
Friday, 22 December 2017, 3:11 pm | BusinessDesk
IRD may treat crypto-currencies like gold held for profit, won't comment on Bitcoinica More >>
Minimum wage to rise to $16.50 by April 1, government says
Friday, 22 December 2017, 1:37 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Workplace Relations and Safety Minister Iain Lees-Galloway today announced the minimum wage will rise 75 cents to $16.50 per hour on April 1. More >>
Smiths City first half profit all-but wiped out
Friday, 22 December 2017, 1:35 pm | BusinessDesk
Smiths City first half profit all-but wiped out as fading consumer demand saps sales, margins More >>
NZ Export Log Prices Hit New Record
Friday, 22 December 2017, 12:29 pm | BusinessDesk
Dec. 22 (BusinessDesk) - New Zealand export log prices edged higher to a new record, buoyed by continued strong demand from China, a weaker currency and historically low shipping rates. More >>
Meridian Buys Trustpower's Australian Hydro Assets for A$168
Friday, 22 December 2017, 12:07 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Meridian Energy has agreed to buy Trustpower's Australian hydro-electric generation assets for A$168 million, which it says will support an expanding retail business across the Tasman. More >>
NZ$ Falls vs Aussie
Friday, 22 December 2017, 11:41 am | BusinessDesk
Dec. 22 (BusinessDesk) - The New Zealand dollar fell against the Aussie, reversing its gains yesterday when figures showed a stronger track for economic growth, on speculation the data won't faze the Reserve Bank given there's still little sign ... More >>
While You Were Sleeping: Financial, Energy Shares Gain
Friday, 22 December 2017, 11:27 am | BusinessDesk
Dec. 22 (BusinessDesk) - Wall Street climbed, bolstered by gains in bank and energy stocks, on optimism corporate tax cuts will lift profits and underpin economic growth. More >>
MARKET CLOSE: NZ shares fall in light trading
Thursday, 21 December 2017, 8:44 pm | BusinessDesk
MARKET CLOSE: NZ shares fall in light trading; Freightways and Kathmandu drop, Moa gains on price enquiry More >>
Supreme Court rejects Wellington Airport's runway extension
Thursday, 21 December 2017, 8:39 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The Supreme Court has batted away Wellington International Airport's appeal to allow a shorter runway safety area than what pilots insist is needed, saying the Civil Aviation Authority went about its decision-making the wrong ... More >>
NZ dollar gains in holiday trading
Thursday, 21 December 2017, 8:20 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The New Zealand dollar gained after revised figures showed the economy on a stronger-than-expected growth track, adding to the prospects of a rate hike sooner than the Reserve Bank has flagged. More >>
YEAR IN REVIEW: NZ stocks head for best year in five
Thursday, 21 December 2017, 7:31 pm | BusinessDesk
YEAR IN REVIEW: NZ stocks head for best year in five, may struggle to repeat gains in 2018 More >>
Tourism Holdings expects up to $3M annual recurring benefit
Thursday, 21 December 2017, 7:19 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Tourism Holdings says annual profit will be about 10 percent higher from new tax legislation passed in the US. More >>
UPDATE: Ownership cloud over China's HNA led OIO to reject
Thursday, 21 December 2017, 3:31 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The Overseas Investment Office has rejected HNA Group's application to buy ANZ Bank New Zealand-owned UDC Finance for $660 million over unanswered questions relating to the Chinese conglomerate's ownership More >>
Van Leeuwen owner 'devastated' by cattle disease outbreak
Thursday, 21 December 2017, 2:58 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Aad van Leeuwen found himself at the centre of a storm when he reported an outbreak of Mycoplasma bovis in his South Canterbury herds but said the bacterial cattle disease didn’t originate on his farms and if government compensation ... More >>
Fonterra's Dira breach appeal rejected by Supreme Court
Thursday, 21 December 2017, 2:46 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Fonterra Cooperative Group breached the Dairy Industry Restructuring Act (Dira) by imposing less favourable terms on farmers who had previously supplied the failed New Zealand Dairies, the Supreme Court has confirmed. More >>
Commerce Commission takes court action against GEA Milfos
Thursday, 21 December 2017, 2:45 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The Commerce Commission is taking High Court action against GEA Milfos International alleging the milk testing technology company engaged in cartel pricing with rival Smart Farm Technologies. More >>
