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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 316]
Powerhouse has no current plans to raise additional capital
Monday, 27 November 2017, 3:23 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Christchurch-based technology incubator Powerhouse Ventures has no plans to raise additional capital at the current depressed share price and will focus on its New Zealand operating strengths and expansion in Australia. More >>
Milking cow numbers drop as fewer cows produce more milk
Monday, 27 November 2017, 2:49 pm | BusinessDesk
Nov. 27 (BusinessDesk) - New Zealand milking cow numbers have dropped to the lowest level in four years, although the average cow is producing more milk than ever before. More >>
OIO cleared to acquire Opus International
Monday, 27 November 2017, 2:16 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Canada's WSP Global Inc has gained Overseas Investment Office approval to acquire locally listed engineering consultancy Opus International Consultants, allowing it to declare the deal unconditional and allaying fears the OIO's work had ... More >>
NZ dollar falls vs euro
Monday, 27 November 2017, 12:00 pm | BusinessDesk
Nov. 27 (BusinessDesk) - The New Zealand dollar fell to the lowest in more than a week versus the euro on evidence Germany's economy is rebounding while that country makes progress on forming a coalition government. More >>
Beef + Lamb studies threat posed by alternative proteins
Monday, 27 November 2017, 11:58 am | BusinessDesk
Nov. 27 (BusinessDesk) - Beef + Lamb New Zealand is carrying out consumer research into alternative proteins in China and San Francisco in response to the rise of the rival products and wants to report back to the sector before the end of the year. More >>
World Week Ahead: Fed succession, OPEC, US retail in focus
Monday, 27 November 2017, 9:50 am | BusinessDesk
Nov. 27 (BusinessDesk) - Federal Reserve Chair Janet Yellen testifies to Congress on the US economic outlook on Wednesday, a day after Jerome Powell, nominated to succeed her in February, will appear in confirmation hearings before the Senate. More >>
MARKET CLOSE: NZ shares mixed; Ryman and Stride gain
Friday, 24 November 2017, 8:36 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed; Ryman and Stride gain on results, Port of Tauranga, A2 Milk drop More >>
NZ dollar heads for 1.4% weekly gain
Friday, 24 November 2017, 8:06 pm | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar is headed to a 1.4 percent weekly gain after some market participants pared back their expectations for US interest rate increases next year after the Federal Reserve sounded a note of caution this ... More >>
Commission to appeal High Court decision on price-fixing
Friday, 24 November 2017, 5:18 pm | BusinessDesk
Nov. 24 (BusinessDesk) - The Commerce Commission will file a notice of appeal against the High Court's decision to dismiss its case against two real estate agencies and their directors in a nationwide price fixing case. More >>
Northport issues 'vision for growth'
Friday, 24 November 2017, 4:20 pm | BusinessDesk
Northport issues 'vision for growth' which would see wharf double in size to accept increased business More >>
Social enterprise Conscious Consumer attracts $2M to fund UK
Friday, 24 November 2017, 3:54 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Social enterprise Conscious Consumer, whose data analytics platform connects consumers with retailers to help promote more ethical and sustainable business practices, has raised $2 million to fund a beachhead into the UK. More >>
OG Oil & Gas extends offer
Friday, 24 November 2017, 3:52 pm | BusinessDesk
Nov. 24 (BusinessDesk) - OG Oil & Gas has pushed out the closing date of its partial takeover bid for New Zealand Oil & Gas to Dec. 20 to allow time to obtain regulatory approvals. More >>
NZ structural log prices rise to 24-year high
Friday, 24 November 2017, 2:49 pm | BusinessDesk
Nov. 24 (BusinessDesk) - New Zealand structural log prices rose to the highest level in 24 years and A-grade export logs hit a record as local mills compete with the export market to secure supply for the domestic construction market amid strong demand ... More >>
NZ trade deficit widens in October
Friday, 24 November 2017, 2:48 pm | BusinessDesk
Nov. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened in October as demand for imported mechanical machinery offset gains in the value of the country's export commodities with renewed appetite from Chinese buyers. More >>
NZ trade deficit widens in October
Friday, 24 November 2017, 2:40 pm | BusinessDesk
Nov. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened in October as demand for imported mechanical machinery offset gains in the value of the country's export commodities with renewed appetite from Chinese buyers. More >>
Fullerton warned over sloppy anti-money laundering process
Friday, 24 November 2017, 1:52 pm | BusinessDesk
Nov. 24 (BusinessDesk) - The Financial Markets Authority has warned Fullerton Markets, a major sponsor for the local Hurricanes rugby team, over sub-standard anti-money laundering systems and threatened legal action may follow if the issues aren't fixed. More >>
Alliance Group Doubles Earnings as Meat Prices Recover
Friday, 24 November 2017, 12:19 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Alliance Group, the world's biggest sheepmeat exporter, doubled annual earnings as its sales rose 15 percent with a recovery in global meat prices, but wants to lift profitability further. More >>
NZ dollar climbs above 69 US cents for first time in week
Friday, 24 November 2017, 11:55 am | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar rose above 69 US cents for the first time in a week as traders digested the range of views in the latest Federal Reserve minutes that showed some policymakers unconvinced that inflation is rebounding. More >>
While you were sleeping: US dollar weakens
Friday, 24 November 2017, 10:56 am | BusinessDesk
Nov. 24 (BusinessDesk) - European stocks were mixed while oil rose and the US dollar continued its decline as investors reassessed their expectations for the pace of Federal Reserve interest rate increases next year. More >>
MARKET CLOSE: NZ shares fall, led by A2, Kathmandu
Thursday, 23 November 2017, 8:43 pm | BusinessDesk
Nov. 23 (BusinessDesk) - New Zealand shares fell, led by A2 Milk and Kathmandu Holdings while Ryman Healthcare and Stride Property Group gained following their results. More >>
