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BusinessDesk - Latest News [Page 309]

UPDATE: Trustpower targets King Country retail business

Thursday, 7 December 2017, 8:28 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Trustpower is eyeing up King Country Energy's retail business, as it teams up with King Country Electric Power Trust to buy out the remaining minority shareholders. More >>

NZ dollar follows Aussie lower on weak Australian trade data

Thursday, 7 December 2017, 8:27 pm | BusinessDesk

Dec. 7 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart lower after trade figures across the Tasman weighed on the outlook for the antipodean commodity currencies. More >>

Build shared 5G mobile network using the UFB model: Chorus

Thursday, 7 December 2017, 7:50 pm | BusinessDesk

Dec. 7 (BusinessDesk) - The next generation of mobile telephony, known as 5G, should be built using the same government policy approach that supports the nationwide rollout of Ultra-Fast Broadband to create a shared, regulated backbone, says the chief executive ... More >>

LGNZ optimistic new govt understands broader funding needs

Thursday, 7 December 2017, 7:43 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Local Government New Zealand is lobbying the new government for more funding options for councils as a lack of options is holding back community development. More >>

Canada's WSP to de-list Opus from NZX in January

Thursday, 7 December 2017, 6:59 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Opus International Consultants will de-list from the NZX in January, with its shares to be suspended from Dec. 11, after being acquired by Canadian listed consultancy firm WSP Global Inc. More >>

RBNZ says some decision-making 'evolution' may be needed

Thursday, 7 December 2017, 6:32 pm | BusinessDesk

RBNZ says some decision-making 'evolution' may be needed, wants to keep hold of RBNZ Act More >>

Govt tasks MPI, Crown Irrigation to review funding

Thursday, 7 December 2017, 6:30 pm | BusinessDesk

Dec. 7 (BusinessDesk) - The Ministry for Primary Industries and Crown Irrigation Investments Ltd (CIIL) are reviewing the previous administration's mechanism for funding water storage schemes to figure out what the government is on the hook for. More >>

Treasury urges govt not to rush on tax review

Thursday, 7 December 2017, 4:35 pm | BusinessDesk

Dec. 7 (BusinessDesk) - The Treasury warned the government's planned review of the tax system will be too rushed and suggested it extend the timeframe along with other reviews of New Zealand's monetary and fiscal policy settings. More >>

NZ dairy farm allure tarnished by shrinking capital gains

Thursday, 7 December 2017, 4:33 pm | BusinessDesk

Dec. 7 (BusinessDesk) - New Zealand dairy farmers have been delivered a short-term setback with Fonterra Cooperative Group's cut to its forecast milk payout. Longer-term some of the gloss has come off as well. More >>

NZ wholesale trade up for 6th consecutive quarter

Thursday, 7 December 2017, 2:06 pm | BusinessDesk

Dec. 7 (BusinessDesk) - New Zealand wholesale trade continued to increase in the third quarter, its sixth consecutive quarterly rise, though gains in most industries were partly offset by vehicle sales dipping from recent highs. More >>

Syft post first-half loss as costs climb

Thursday, 7 December 2017, 1:45 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Syft Technologies, which makes high-tech chemical sniffer devices to test air quality, reported a first-half loss partly due to fundraising costs but said it expects the rest of the year to be "significantly stronger" ... More >>

NZ carbon price breaks through $20, seen rising higher

Thursday, 7 December 2017, 1:44 pm | BusinessDesk

The New Zealand carbon price has broken through the $20 a tonne mark, as it continues its push higher on speculation the new government will lift a cap on the maximum price emitters pay. More >>

Communications Minister delves into digital convergence

Thursday, 7 December 2017, 1:43 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Communications and Broadcasting Minister Clare Curran has shelved existing work on the blurring lines between telecommunications and broadcasting, known as digital convergence, to revisit inconsistencies in the way online content ... More >>

Grading system on milk fat with 'excessive' PKE

Thursday, 7 December 2017, 12:37 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Fonterra Cooperative Group has followed through on its work into the impact of palm kernel expeller on the composition of fat in the milk it collects with a grading system that will start in September 2018. More >>

Trustpower to mop up remaining 35% of King Country Energy

Thursday, 7 December 2017, 12:12 pm | BusinessDesk

Dec. 7 (BusinessDesk) - Trustpower plans to mop up the remaining 35 percent of King Country Energy that it doesn't own, signing a deal with previous hold-out King Country Electric Power Trust to buy out minority shareholders. More >>

A2 Milk settles court dispute with Lion in Australia

Thursday, 7 December 2017, 12:10 pm | BusinessDesk

Dec. 7 (BusinessDesk) - A2 Milk, which markets milk with a protein variant said to have health benefits, has settled a court case in Australia with its rival Lion Group. More >>

NZ dollar falls as Fonterra cuts forecast

Thursday, 7 December 2017, 11:37 am | BusinessDesk

Dec. 7 (BusinessDesk) - The New Zealand dollar fell as Fonterra Cooperative Group cut its forecast farmgate payout on weak global dairy prices, while the greenback was buoyed by the prospect of major US tax reform triggering the repatriation of ... More >>