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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 325]
NZ guest nights rise in September
Friday, 10 November 2017, 2:33 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand national guest nights rose in September as increased demand in the South Island was driven by greater numbers of domestic visitors and hotel stays. More >>
Electronic card spending up 0.3% in October on hospitality
Friday, 10 November 2017, 2:32 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in October, boosted by the hospitality industry as people spent more eating out. More >>
Iwi investment fund gets $100 mln in indicative commitments
Friday, 10 November 2017, 1:22 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand Superannuation Fund says it has received indicative commitments up to $100 million for a proposed iwi and Māori direct investment fund. More >>
WTO declines Indonesia appeal on NZ beef trade
Friday, 10 November 2017, 1:18 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The World Trade Organization has turned down Indonesia's appeal against a ruling that trade barriers imposed since 2011, which hurt New Zealand's beef exports, were inconsistent with global trade rules. More >>
Canada's WSP crosses 90% threshold
Friday, 10 November 2017, 1:02 pm | BusinessDesk
Nov. 10 (BusinessDesk) - WSP Global Inc, a Canadian listed consultancy firm, has crossed the 90 percent threshold needed to enforce mop-up provisions in its takeover bid for local engineering firm Opus International Consultants, meaning it just needs ... More >>
Infratil lifts first-half profit 16%
Friday, 10 November 2017, 12:31 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Infratil lifted first-half profit 16 percent as the infrastructure investor's earnings were buoyed by a strong result from electricity generator and retailer Trustpower. More >>
Ardern lays ground for defeat on TPP dispute clauses
Friday, 10 November 2017, 11:46 am | BusinessDesk
Nov. 10 (BusinessDesk) - Prime Minister Jacinda Ardern arrived in Vietnam last night for talks on the Trans-Pacific Partnership today, warning again that New Zealand had "come in very late" with its objections to investor state dispute settlement ... More >>
NZ dollar holds gains from RBNZ inflation outlook
Friday, 10 November 2017, 11:43 am | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar held yesterday's gains after the Reserve Bank raised its forecast for the country's inflation outlook and brought forward by one quarter the chance of a rate hike, while the greenback dipped on renewed ... More >>
MARKET CLOSE: NZ shares down, NZX and Xero drop
Thursday, 9 November 2017, 8:41 pm | BusinessDesk
Nov. 9 (BusinessDesk) - New Zealand shares dropped, led lower by NZX and Xero after the latter announced it will de-list from the local stockmarket in favour of Australia. More >>
Dollar gains as RBNZ forecasts possible earlier rate hike
Thursday, 9 November 2017, 8:22 pm | BusinessDesk
Nov. 9 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank brought forward the timing of a potential rate hike on the back of higher inflation, a weaker currency and fiscal stimulus. Longer-dated swap rates also rose. More >>
Trade Me predicts drop in property listings revenue
Thursday, 9 November 2017, 7:46 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Trade Me has pared back its expectations for how much revenue property listings will deliver in the current financial year as the country's real estate market keeps slowing but still anticipates annual earnings growth. More >>
Vital Healthcare expects Acurity hospital purchases to clear
Thursday, 9 November 2017, 7:44 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Vital Healthcare Property Trust expects to meet the conditions attached to buying two private hospitals in Wellington from Acurity Health Group in the "next few months", says chair Graeme Horsley. More >>
RBNZ's flat dollar projection is unrealistic, traders say
Thursday, 9 November 2017, 7:43 pm | BusinessDesk
RBNZ's projection for flat kiwi dollar TWI over next 3 years is unrealistic, traders say More >>
Living Cell Technologies trading halt for Parkinson's Trial
Thursday, 9 November 2017, 5:27 pm | BusinessDesk
ASX-listed Kiwi biotech firm Living Cell Technologies is in a trading halt until tomorrow when it expects to announce the results of a clinical trial testing its treatment for Parkinson's disease. More >>
Westland Milk claims to be poster-child for green dairy
Thursday, 9 November 2017, 5:23 pm | BusinessDesk
Westland Milk makes case to be NZ poster-child for clean, green dairy, eyes other ingredients More >>
RBNZ backs decision-making committee but wants it in-house
Thursday, 9 November 2017, 5:00 pm | BusinessDesk
Nov. 9 (BusinessDesk) - The Reserve Bank of New Zealand is in favour of formalising a committee-based decision-making process but would prefer to keep out external members, and doubts adding employment as a joint mandate will have a major impact on monetary ... More >>
Xero, NZX shares fall
Thursday, 9 November 2017, 2:34 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Shares of Xero and NZX fell after the cloud-based accounting software firm said it would delist from the local stock market in favour of an ASX listing to broaden its pool of investors and analysts. More >>
Precinct considers bond offer, lifts first-quarter dividend
Thursday, 9 November 2017, 1:36 pm | BusinessDesk
Precinct Properties New Zealand is considering a seven-year bond offer to repay bank debt. The listed commercial property investor says it is considering making an offer of secured, unsubordinated, fixed-rate seven-year bonds to institutional and New ... More >>
Goodman Property sees first-half profit down
Thursday, 9 November 2017, 1:34 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Goodman Property Trust, the NZX-listed commercial and industrial property investor, saw first-half profit drop more than 40 percent as valuations fell on its investment properties. More >>
Heartland to raise up to $59 mln at 10% discount
Thursday, 9 November 2017, 1:11 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Heartland Bank plans to raise up to $59 million in a discounted rights offer to shareholders to help fund an expanding loan book, which rose at an annual pace of 16 percent in the September quarter. More >>
