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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 302]
NZ dollar dips back below 70 US cts after dairy prices fall
Wednesday, 20 December 2017, 11:51 am | BusinessDesk
Dec. 20 (BusinessDesk) - The New Zealand dollar dipped back below 70 US cents after prices unexpectedly fell at the latest GlobalDairyTrade auction, raising doubts about Fonterra Cooperative Group's forecast payout to farmers. More >>
While you were sleeping: Wall St pauses amid tax bill vote
Wednesday, 20 December 2017, 11:14 am | BusinessDesk
Dec. 20 (BusinessDesk) - Wall Street fell from record highs as investors eyed whether the Republican tax bill, set to cut corporate tax rates, will clear enough votes in the House and the Senate to land on US President Donald Trump’s desk. More >>
Dairy product prices retreat
Wednesday, 20 December 2017, 10:21 am | BusinessDesk
Dec. 20 (BusinessDesk) - Dairy product prices slid at the Global Dairy Trade auction, with an unexpected decline in the price of whole milk powder. More >>
MARKET CLOSE: NZ shares rise
Tuesday, 19 December 2017, 8:43 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand shares rose, led higher by Freightways and Comvita, as a2 Milk Co and Fletcher Building rebounded from recent selling ahead of the Christmas holiday. More >>
Media voices lost in merger would be virtually irreplaceable
Tuesday, 19 December 2017, 8:19 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The loss of diversity of voices in a merger of publishers NZME and Fairfax New Zealand would be "virtually irreplaceable" and the Commerce Commission was within its rights to weigh up that issue in rejecting the ... More >>
NZ dollar little changed, trades in tight range
Tuesday, 19 December 2017, 8:18 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand dollar stuck to a very tight range, largely overlooking ongoing weakness in business confidence, ahead of the dairy auction tonight and key economic data over the next few days. More >>
Buyer found for Trans Tasman, Main Report newsletters
Tuesday, 19 December 2017, 8:17 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The liquidator of the Main Report, Trans Tasman and associated newsletters says it has found a buyer for the assets of the group, which failed after being unable to meet its tax bill. More >>
Robertson names expert panel for Reserve Bank Act review
Tuesday, 19 December 2017, 8:16 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Finance Minister Grant Robertson has appointed the expert panel for the Reserve Bank Act review, naming Suzanne Snively as chair. More >>
NZTA has four roads in its sights for potential tolling
Tuesday, 19 December 2017, 7:01 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand Transport Agency is eyeing up tolls on four uncompleted roads which it says could support their successful opening and smooth the way for user-pays road pricing, documents released under the Official Information ... More >>
Former NZX boss Tim Bennett appointed to Partners Life board
Tuesday, 19 December 2017, 6:31 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Former NZX chief executive Tim Bennett has joined the board of life insurer Partners Group Holdings, replacing former chair Sam Knowles. More >>
Japan's Itoham Yonekyu buys 100% of Anzco Foods
Tuesday, 19 December 2017, 5:15 pm | BusinessDesk
Japan's Itoham Yonekyu buys 100% of Anzco Foods as part of Asia growth strategy More >>
O'Connor to table holding bill to allow deeper dairy review
Tuesday, 19 December 2017, 5:14 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Agriculture Minister Damien O'Connor says he will introduce legislation next year delaying the expiry of provisions that require Fonterra Cooperative Group to accept milk supply from any South Island farmer that seeks to join the company, ... More >>
NZ business confidence stays near eight-year low
Tuesday, 19 December 2017, 4:31 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand's business confidence continued to hover around an eight-year low in December as the tailwinds provided by an overheated housing market and record levels of migration slow down. More >>
Summerset lifts full-year guidance
Tuesday, 19 December 2017, 4:03 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Summerset Group lifted full-year earnings guidance on strong resales volumes and margins as well as good margins on new occupation right sales. More >>
Final dairy auction for 2017 likely to be mixed,
Tuesday, 19 December 2017, 2:08 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The last GlobalDairyTrade auction of the year is expected to produce a mixed result, as the threat of drought in New Zealand pushes up prices for whole milk powder while abundant supplies of skim milk powder in Europe depress ... More >>
NZME, Fairfax reviewing rejected merger appeal
Tuesday, 19 December 2017, 1:49 pm | BusinessDesk
Dec. 19 (BusinessDesk) - NZME and Fairfax Media are playing up the alternative strategies they've run since the Commerce Commission first rejected their planned merger, and are reserving their position on whether to appeal a High Court decision upholding ... More >>
NZ consumer confidence falls sharply in December
Tuesday, 19 December 2017, 1:12 pm | BusinessDesk
Dec. 19 (BusinessDesk) - New Zealand consumer confidence dropped sharply in December, falling below historical averages, with households concerned about the general economic environment and their personal financial situation. More >>
NZX to extend trading hours
Tuesday, 19 December 2017, 12:08 pm | BusinessDesk
Dec. 19 (BusinessDesk) - NZX says it plans to extend the trading hours for dairy derivatives market in July 2018 to reach more traders in Asia and Europe. More >>
High Court rejects NZME/Fairfax NZ appeal
Tuesday, 19 December 2017, 11:52 am | BusinessDesk
Dec. 19 (BusinessDesk) - The High Court has rejected NZME and Fairfax New Zealand's attempt to overturn a Commerce Commission ruling against a proposed merger of the country's dominant newspaper publishers and upheld the regulator's right to rely ... More >>
NZ dollar little changed before key NZ data
Tuesday, 19 December 2017, 11:39 am | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand dollar was little changed ahead of domestic economic data and tonight's dairy auction and as the market awaits the progress of US tax reform through the US Senate and House. More >>
