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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 301]
China Construction Bank becomes 25th lender registered in NZ
Thursday, 21 December 2017, 2:33 pm | BusinessDesk
Dec. 21 (BusinessDesk) - China Construction Bank Corp (CCB) has become the 25th lender to be registered to provide banking services in New Zealand, the Reserve Bank says. More >>
NZ economy grows .6% in third quarter, construction ticks up
Thursday, 21 December 2017, 2:10 pm | BusinessDesk
Dec. 21 (BusinessDesk) - New Zealand's economy expanded in the third quarter, albeit at a slower pace, as ongoing weak activity in the primary sector offset a strong recovery in construction and growth in the services industries was softer. More >>
OIO rejects HNA's $660 million UDC Finance purchase
Thursday, 21 December 2017, 1:19 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The Overseas Investment Office has rejected Chinese conglomerate HNA Group's application to buy ANZ Bank New Zealand-owned UDC Finance for $660 million. More >>
RESEND: TruScreen begins selling TruScreen2 devices to China
Thursday, 21 December 2017, 12:45 pm | BusinessDesk
Dec. 21 (BusinessDesk) - NZAX-listed TruScreen has received payment for an initial order from its Chinese distributor following China Food and Drug Administration approval for its TruScreen2 device. More >>
Genesis generator fault won't hit FY18 guidance
Thursday, 21 December 2017, 12:44 pm | BusinessDesk
Dec. 21 (BusinessDesk) - One of Genesis Energy's three generators in Tekapo suffered a fault last month and won't return to full capacity until early March, though the company hasn't altered full-year guidance. More >>
NZ$ Edges up as GDP Looms, US Tax Bill Passes Senate
Thursday, 21 December 2017, 12:28 pm | BusinessDesk
Dec. 21 (BusinessDesk) - The New Zealand dollar gained ahead of third-quarter gross domestic product figures likely to show the economy grew at a slower pace due to weak milk production and after US President Donald Trump's tax bill was approved ... More >>
Fonterra's NZ November Milk Collection Only Slightly Higher
Thursday, 21 December 2017, 12:19 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Fonterra Cooperative Group's domestic milk collection was only slightly higher in November despite weak numbers a year ago as the recent dry weather takes a toll. More >>
Contact Energy to Sell Ahuroa Gas Storage Facility for $200M
Thursday, 21 December 2017, 12:17 pm | BusinessDesk
Dec. 21 (BusinessDesk) - Contact Energy has signed an agreement to sell its Ahuroa Gas Storage facility in Taranaki to Gas Services New Zealand, which is affiliated with Maui pipeline owner First Gas, for $200 million, which it will use to repay ... More >>
While You Were Sleeping: US Tax bill Passes Congress
Thursday, 21 December 2017, 10:58 am | BusinessDesk
Dec. 21 (BusinessDesk) - Wall Street moved higher after the Republican tax reform bill passed Congress and is set to deliver corporate tax cuts that will bolster profits including for FedEx. More >>
MARKET CLOSE: NZ shares weaken as A2, property stocks drop
Wednesday, 20 December 2017, 8:49 pm | BusinessDesk
MARKET CLOSE: NZ shares weaken as A2, property stocks drop, while Synlait gains on fresh milk plans More >>
NZ dollar falls on wider November trade deficit
Wednesday, 20 December 2017, 8:09 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The New Zealand dollar fell against the greenback after figures showed the November trade deficit was wider than expected and dairy prices declined in the latest auction. More >>
Government names members of tax working group
Wednesday, 20 December 2017, 8:08 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The government has named the members of the tax working group charged with reviewing the fairness, structure and balance of New Zealand's tax system with the first meeting scheduled for late January. More >>
Facebook, Google different to news producers, court finds
Wednesday, 20 December 2017, 6:33 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Justice Robert Dobson and Professor Martin Richardson drew a line between online content aggregators and distributors such as Facebook and Google and news organisations Fairfax New Zealand and NZME in rejecting the publishers' ... More >>
Veritas CEO Morton to buy back Mad Butcher for $8M
Wednesday, 20 December 2017, 6:32 pm | BusinessDesk
Veritas CEO Morton to buy back Mad Butcher for $8M, less than 25% of original price More >>
Synlait enters fresh milk market with Foodstuffs
Wednesday, 20 December 2017, 5:04 pm | BusinessDesk
Synlait enters fresh milk market with Foodstuffs South Island, to invest $125M in new facility More >>
NZ commodity exports rise to a record for a November month
Wednesday, 20 December 2017, 3:15 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand's merchandise exports rose to their highest ever level for a November month as the country benefited from rising prices for dairy exports. More >>
Annual migration unchanged in November
Wednesday, 20 December 2017, 2:26 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand annual net migration was unchanged in November from a year earlier, as fewer New Zealanders left while net foreign migration decreased. More >>
NZ current account deficit widens in 3Q
Wednesday, 20 December 2017, 2:15 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand's current account deficit widened in the third quarter as a seasonal fall in dairy exports and increase in Kiwis travelling abroad while imports rose. More >>
Abano posts 2% gain in first-half profit on dental growth
Wednesday, 20 December 2017, 12:21 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Abano Healthcare Group posted a 2 percent gain in first-half profit to a record, meeting guidance while announcing the exit from its remaining non-dental business with the $17 million sale of Ascot Radiology. More >>
NZX to change pricing next year in effort to stoke liquidity
Wednesday, 20 December 2017, 12:08 pm | BusinessDesk
Dec. 20 (BusinessDesk) - NZX will change the price structure of the local stock market in the second half of next year as part of a new strategy aimed at reinvigorating the domestic capital market. More >>
