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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 32]
Mainfreight’s Plested talks taxes, climate and succession
Thursday, 1 August 2019, 11:15 am | BusinessDesk
Aug. 1 (BusinessDesk) - Mainfreight chairman Bruce Plested spoke out about multi-nationals who don’t pay tax in New Zealand and addressed climate change at the company’s annual meeting earlier this week. More >>
NZ dollar falls after US Federal Reserve cuts rates
Thursday, 1 August 2019, 11:14 am | BusinessDesk
Aug. 1 (BusinessDesk) - The New Zealand dollar fell after the US Federal Reserve cut rates by 25 basis points, as expected, for the first time in a decade, upping the ante on the Reserve Bank to cut rates next week. More >>
New national drinking water regulator confirmed
Wednesday, 31 July 2019, 9:02 pm | BusinessDesk
July 31 (BusinessDesk) - A new central government regulator will take over responsibility for the nation's drinking water supplies after gaps in the current system were exposed by the 2016 Havelock North drinking water contamination that poisoned hundreds and ... More >>
MARKET CLOSE: Shares fall as gloomy building sector weighs
Wednesday, 31 July 2019, 9:01 pm | BusinessDesk
July 31 (BusinessDesk) - New Zealand shares fell as a gloomy local construction sector and warnings about the state of building conditions in Australia weighed on Fletcher Building. More >>
NZ dollar falls as business funk deepens
Wednesday, 31 July 2019, 8:23 pm | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar fell after a survey showed business sentiment, especially in the construction sector, has become even grimmer and as domestic interest rates hit fresh record-lows. More >>
Chapman Tripp pleads for more time on bank capital proposals
Wednesday, 31 July 2019, 5:31 pm | BusinessDesk
July 31 (BusinessDesk) - Law firm Chapman Tripp is urging the Reserve Bank to delay its final decision on increasing the minimum amounts of bank capital because of its critical importance to both the banks themselves and to the wider economy. More >>
Confidence weaker with construction sector in freefall
Wednesday, 31 July 2019, 4:26 pm | BusinessDesk
July 31 (BusinessDesk) - Business confidence continued to weaken in July with sentiment in the construction sector particularly dour. More >>
Large organisations letting companies shirk responsibility
Wednesday, 31 July 2019, 3:56 pm | BusinessDesk
July 31 (BusinessDesk) - AWF Madison chair Ross Keenan says efforts to improve the nation's health and safety record is being undermined by large local organisations using labour providers who shirk their compliance obligations. More >>
UK wants FTA with NZ 'one of the first' after Brexit
Wednesday, 31 July 2019, 2:13 pm | BusinessDesk
July 31 (BusinessDesk) - UK International Trade Secretary Liz Truss reaffirmed the UK's commitment to move quickly on a free trade deal with New Zealand as soon as the country leaves the European Union. More >>
Marine farmers welcome nation-wide re-consenting rules
Wednesday, 31 July 2019, 1:54 pm | BusinessDesk
July 31 (BusinessDesk) - The seafood farming industry is welcoming the government’s move to create consistent rules across the country for re-consenting existing marine farms. More >>
Kensington Swan inks tie-up with global law firm Dentons
Wednesday, 31 July 2019, 11:59 am | BusinessDesk
July 31 (BusinessDesk) - One of New Zealand's longest-established law firms, Kensington Swan, is to become part of the world's largest legal practice, Dentons. More >>
Steel & Tube confirms it will meet downgraded guidance
Wednesday, 31 July 2019, 11:55 am | BusinessDesk
July 31 (BusinessDesk) - Steel & Tube Holdings has affirmed it will meet the downgraded guidance it provided in late May for the year ended June. More >>
Mainfreight forecasts stronger second half
Wednesday, 31 July 2019, 11:40 am | BusinessDesk
July 31 (BusinessDesk) - Mainfreight is forecasting a better second half of the year, after indicating its first quarter to June 2019 “could have been better.” More >>
Gas essential for rapid, affordable emissions reduction
Wednesday, 31 July 2019, 11:29 am | BusinessDesk
July 31 (BusinessDesk) - Gas must be part of the decarbonisation of the country’s heavy industry if New Zealand is serious about rapid and affordable emission reductions, First Gas chief executive Paul Goodeve says. More >>
OMV hearing urged to consider economic benefits
Wednesday, 31 July 2019, 11:24 am | BusinessDesk
July 31 (BusinessDesk) - A panel considering the environmental impact of trace discharges from a drilling rig has been urged not to lose sight of the potential economic and climate benefits of a large gas find off the South Island. More >>
ANALYSIS: Questions over Abano's operations, slump continues
Wednesday, 31 July 2019, 11:21 am | BusinessDesk
July 31 (BusinessDesk) - Abano Healthcare continues to do it tough in Australia where, even though it’s the second-largest corporate player, it has less than 2 percent of the market. More >>
NZ dollar eases against greenback on US-China jitters
Wednesday, 31 July 2019, 11:06 am | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar eased against the greenback after US President Donald Trump berated China on Twitter just as a new round of trade talks between the two nations kicks off. More >>
MARKET CLOSE: NZ shares rise, boosted by Sky TV-Spark deal
Tuesday, 30 July 2019, 9:32 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand shares rose, boosted by gains in Sky Network Television and Spark New Zealand after they cut a deal that will let the pay-TV operator's commercial customers access the rugby world cup using a Sky decoder. More >>
NZ dollar rises against Britain's pound on 'hard brexit'
Tuesday, 30 July 2019, 8:45 pm | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar continued to gain against the British pound amid mounting fears new Prime Minister Boris Johnson will lead Britain into a “hard Brexit” from the European Union in October. More >>
Electrification of industry viable now - Transpower
Tuesday, 30 July 2019, 8:18 pm | BusinessDesk
July 30 (BusinessDesk) - Much of the country’s industrial process heat could be electrified with technology available now, national grid operator Transpower says. More >>
