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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 308]
Augusta Capital buys Wellington property for new Fund
Monday, 11 December 2017, 12:51 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Augusta Capital has unconditionally purchased a Wellington industrial property as a seed asset for a new industrial fund that is expected to initially raise between $50 million and $70 million of equity when it launches early ... More >>
Pyne Gould settles Wilaci dispute, other issues ongoing
Monday, 11 December 2017, 12:49 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Pyne Gould Corp has reached a confidential deal with Australia's Wilaci over late payment fees, which it says will be smaller than the 20.5 million British pound cost of its Supreme Court-ordered payout. More >>
'False alarm' triggered temporary pipeline shutdown
Monday, 11 December 2017, 12:00 pm | BusinessDesk
Dec. 11 (BusinessDesk) - New Zealand Refining says yesterday's outage on the refinery-to-Auckland pipeline was caused by a "false alarm" and that it's back up and running. More >>
Robertson reiterates policy plans ahead of HYEF
Monday, 11 December 2017, 11:54 am | BusinessDesk
Dec. 11 (BusinessDesk) - Finance Minister Grant Robertson has reiterated the coalition government's budget priorities, saying the base projections in the Treasury's half-year update cover its '100-day-plan' including a families package and NZ Super Fund contributions. More >>
NZ$ Steady as US Payrolls Flat & Brexit Nudges Along
Monday, 11 December 2017, 11:49 am | BusinessDesk
Dec. 11 (BusinessDesk) - The New Zealand dollar held steady against the greenback after US employment figures continued to show flat wages in the world's biggest economy, but edged lower against the British pound after UK and European officials made progress ... More >>
World Week Ahead: Fed set to move
Monday, 11 December 2017, 11:22 am | BusinessDesk
Dec. 11 (BusinessDesk) - Federal Reserve policymakers are widely expected to raise their target interest rate increase at this week’s meeting and investors will scrutinise any changes to their outlook for further hikes next year. More >>
MARKET CLOSE: NZ shares up, Xero and NZX gain
Friday, 8 December 2017, 8:36 pm | BusinessDesk
Dec. 8 (BusinessDesk) - New Zealand shares gained in continued light trading, led higher by Xero and NZX. More >>
NZ dollar heads for 0.7% weekly decline
Friday, 8 December 2017, 8:17 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand dollar was heading for a 0.7 percent weekly decline, after being dragged lower a weaker Australian dollar, as traders await US payrolls data tonight. More >>
Fliway shareholders back $55.4 mln takeover
Friday, 8 December 2017, 8:11 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Fliway Group shareholders have backed a $55.4 million takeover offer from Singaporean logistics firm Yang Kee Logistics, which will see another company leave the NZX. More >>
New mindset needed to lift NZ living standards
Friday, 8 December 2017, 8:10 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Visiting economists from the International Monetary Fund and the Organisation for Economic Cooperation and Development say a new mindset is needed to lift the New Zealand's living standards, as policymakers cope with technology ... More >>
Faafoi to keep eye on smaller financial advisers
Friday, 8 December 2017, 8:09 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi doesn't want to strangle the small end of town with too much regulation in the latest overhaul of legislation governing financial advisers. More >>
Spark, Vodafone scorn 'self-serving' 5G build proposal
Friday, 8 December 2017, 4:52 pm | BusinessDesk
Dec. 8 (BusinessDesk) - New Zealand's two largest mobile telecommunications providers, Spark and Vodafone, have poured scorn on a proposal by fixed broadband network owner Chorus that the next generation of so-called 5G mobile technology should be built ... More >>
MBIE investigates leak of consultant payments
Friday, 8 December 2017, 3:52 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The Ministry of Business, Innovation & Employment has launched an investigation into a privacy breach involving the leak of payments to thousands of consultants, the recruitment firms that supply them and contract details for the ... More >>
TIL Logistics finally trades on NZX
Friday, 8 December 2017, 3:22 pm | BusinessDesk
TIL Logistics finally trades on NZX - at more than twice takeover price By Paul McBeth More >>
NZ manufacturing sales volumes bolstered in September
Friday, 8 December 2017, 3:02 pm | BusinessDesk
Dec. 8 (BusinessDesk) - New Zealand manufacturing sales volumes were boosted by chemical and plastics makers and transport equipment producers in the September quarter, a period when leading indicators showed manufacturers remained optimistic in the run-up ... More >>
NZ$ Extends Slide, Following Weak Australian Trade Data
Friday, 8 December 2017, 12:15 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand dollar fell, extending its slide along with the Aussie, following yesterday's weak Australian trade data, as the market looks ahead to tonight's US payrolls report and keeps a watch on US tax reforms. More >>
NZME's Peter Cullinane confirmed as chair
Friday, 8 December 2017, 11:54 am | BusinessDesk
Dec. 8 (BusinessDesk) - NZME director Peter Cullinane, a former ad man who founded Lewis Road Creamery, has been confirmed chair of the media group, while ex-investment banker David Gibson has been appointed to the board. More >>
While you were sleeping: GE cuts jobs, Lululemon rallies
Friday, 8 December 2017, 11:19 am | BusinessDesk
Dec. 8 (BusinessDesk) - Wall Street climbed as optimism about the outlook for corporate profits renewed appetite for tech stocks while shares of Lululemon rallied as it upgraded its full-year earnings outlook. The US dollar and oil prices also gained. More >>
UPDATE: Fonterra to grade milk for unsuitable fat
Thursday, 7 December 2017, 8:55 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Fonterra Cooperative Group has followed through on its work into the impact of palm kernel expeller (PKE) on the composition of fat in the milk it collects with a grading system that will start in September 2018. More >>
MARKET CLOSE: NZ shares up, Fletcher and Spark gain
Thursday, 7 December 2017, 8:37 pm | BusinessDesk
Dec. 7 (BusinessDesk) - New Zealand shares rose, led higher by Fletcher Building and Spark New Zealand, while A2 Milk Co and Kathmandu Holdings weakened. More >>
