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BusinessDesk - Latest News [Page 307]

Napier Port profit hits record in 2017

Tuesday, 12 December 2017, 2:44 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Napier Port lifted net profit to a record this year as the Kaikoura earthquake meant it benefited from atypically high cargo volumes, and it wants to expand so it can handle larger tourism and trade ships More >>

NZ guest nights rise in October on good weather

Tuesday, 12 December 2017, 2:17 pm | BusinessDesk

Dec. 12 (BusinessDesk) - New Zealand national guest nights rose in October from a year earlier as demand was bolstered by good weather, a longer ski season and more school holidays. More >>

CRP says rejection of EPA costs claim will hurt cashflow

Tuesday, 12 December 2017, 2:03 pm | BusinessDesk

Chatham Rock Phosphate will take legal advice on its next steps after the High Court dismissed its application to review costs charged by the Environmental Protection Authority, something it said will hurt its cash flow. More >>

ERoad plans $18m capital raise as it pushes US expansion

Tuesday, 12 December 2017, 1:16 pm | BusinessDesk

Dec. 12 (BusinessDesk) - ERoad is in a trading halt as it looks to raise at least $18 million through a placement and a share purchase plan to fund an upgrade of its back-end systems amid a push into North America. More >>

Ryman buys Victoria University's Karori campus

Tuesday, 12 December 2017, 1:08 pm | BusinessDesk

Dec. 12 (BusinessDesk) - Ryman Healthcare, New Zealand's largest retirement village operator, has bought Victoria University of Wellington's former Karori campus for an undisclosed sum to convert into a retirement village. More >>

OG Oil & Gas crosses 50% threshold in bid for NZOG

Tuesday, 12 December 2017, 12:26 pm | BusinessDesk

Dec. 12 (BusinessDesk) - OG Oil & Gas has crossed the 50 percent threshold needed to win control of NZX-listed New Zealand Oil & Gas in a partial takeover of the local energy explorer and producer, meaning it now just needs regulatory approval to declare ... More >>

NZ dollar climbs to two-week high on Orr appointment

Tuesday, 12 December 2017, 11:44 am | BusinessDesk

Dec. 12 (BusinessDesk) - The New Zealand dollar rose to a two-week high on optimism about the appointment of Adrian Orr as next governor of the Reserve Bank, while globally, markets are awaiting a raft of central bank reviews this week. More >>

While you were sleeping: Shazam, Wall St rises again

Tuesday, 12 December 2017, 11:15 am | BusinessDesk

Dec. 12 (BusinessDesk) - Wall Street moved higher, while the US dollar and Treasuries fell, as Federal Reserve policy makers are expected to be gearing up to raise interest rates for the third time this year. More >>

Govt to boost sustainable farming fund for smaller projects

Tuesday, 12 December 2017, 9:35 am | BusinessDesk

Dec. 11 (BusinessDesk) - Agriculture Minister Damien O'Connor will pour more resource into the Ministry for Primary Industries sustainable farming fund to back small projects he says "deliver what people want" More >>

MARKET CLOSE: NZ shares rise, led by Metro Glass, Heartland

Monday, 11 December 2017, 8:32 pm | BusinessDesk

Dec. 11 (BusinessDesk) - New Zealand shares rose, led by Metro Performance Glass and Heartland Bank, while dairy-related companies A2 Milk Co and Synlait Milk continued to weaken. More >>

NZ dollar jumps as Orr named governor

Monday, 11 December 2017, 8:18 pm | BusinessDesk

Dec. 11 (BusinessDesk) - The New Zealand dollar jumped after NZ Superannuation Fund chief Adrian Orr was named as next governor of the Reserve Bank, installing a seasoned veteran well known by the business community and possibly more hawkish than the incumbent. More >>

UPDATE: Super Fund boss Adrian Orr appointed next RBNZ gov

Monday, 11 December 2017, 8:13 pm | BusinessDesk

Dec. 11 (BusinessDesk) - New Zealand Superannuation Fund chief executive Adrian Orr has been named the next Reserve Bank governor, starting in late March 2018. More >>

NZ Super Fund boss Adrian Orr appointed next RBNZ governor

Monday, 11 December 2017, 7:21 pm | BusinessDesk

Dec. 11 (BusinessDesk) - New Zealand Superannuation Fund chief executive Adrian Orr has been named the next Reserve Bank governor, starting in late March 2018. More >>

IRD auditing 16 multinational over $100 mln of tax avoidance

Monday, 11 December 2017, 7:20 pm | BusinessDesk

Dec. 11 (BusinessDesk) - The Inland Revenue Department is auditing 16 multinational firms over their use of transfer pricing to trim their annual collective tax bill by about $100 million. More >>

Microsoft NZ lifts FY profit 15% on consulting gains

Monday, 11 December 2017, 4:36 pm | BusinessDesk

Microsoft NZ lifts FY profit 15% on consulting gains; Oracle NZ posts loss on impairment More >>

MBIE and China steel dumping case

Monday, 11 December 2017, 4:04 pm | BusinessDesk

Dec. 11 (BusinessDesk) - The Ministry of Business, Innovation and Employment says there are no grounds to impose provisional measures to protect steel products makers while it investigates claims subsidised Chinese rivals are damaging the local industry. More >>