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BusinessDesk - Latest News [Page 338]

While you were sleeping: Wall St, dollar rise on rate bets

Tuesday, 17 October 2017, 11:07 am | BusinessDesk

Oct. 17 (BusinessDesk) - Wall Street and the US dollar advanced a day after Federal Reserve Chair Janet Yellen bolstered expectations the central bank will raise interest rates once more this year. More >>

Judge gets Facebook news primer in media merger hearing

Monday, 16 October 2017, 9:29 pm | BusinessDesk

Oct. 16 (BusinessDesk) - Justice Robert Dobson and his self-confessed "Luddite ways" was shown how news can be shared via social media during day one of Stuff and NZME's appeal against the Commerce Commission's rejection of their planned merger. More >>

MARKET CLOSE: NZ shares mixed as blue-chips buoy market

Monday, 16 October 2017, 8:46 pm | BusinessDesk

MARKET CLOSE: NZ shares mixed as blue-chips NZ Refining, Fletcher, Spark buoy broader market More >>

NZ dollar holds gains against greenback but capped

Monday, 16 October 2017, 8:18 pm | BusinessDesk

Oct. 16 (BusinessDesk) - The New Zealand dollar held onto its gains against the greenback but political uncertainty will likely keep it capped with investors awaiting an announcement on the country's next government. More >>

Bank of China NZ undeterred after offering 'premium' return

Monday, 16 October 2017, 8:16 pm | BusinessDesk

Oct. 16 (BusinessDesk) - Bank of China New Zealand raised $150 million in its first NZ dollar bond sale and says having to offer a higher return than similarly rated local corporates hasn't put it off the local debt market. More >>

Fonterra trims 2018 milk collection forecast on wet August

Monday, 16 October 2017, 8:02 pm | BusinessDesk

Oct. 16 (BusinessDesk) - Fonterra Cooperative Group trimmed its milk collection outlook for the 2018 season after a wet August and September sapped production, especially in the North Island. More >>

MBIE launches new investigations on Chinese steel dumping

Monday, 16 October 2017, 7:32 pm | BusinessDesk

Oct. 16 (BusinessDesk) - The Ministry of Business, Innovation and Employment is taking a new look at claims Chinese steel imports are being dumped in the local market after Australian-owned New Zealand Steel complained it's being unfairly undercut by Asian ... More >>

Fisher Funds' Kingfish a late believer in Xero

Monday, 16 October 2017, 6:36 pm | BusinessDesk

Oct. 16 (BusinessDesk) - Kingfish, a listed investment fund that targets New Zealand shares, has added Xero to its holdings because it is more confident in the unprofitable accounting software company's earnings in its biggest market, Australasia. More >>

Fletcher to address NZSA's performance concerns

Monday, 16 October 2017, 5:47 pm | BusinessDesk

Fletcher to address NZSA's performance concerns as lobby drops call to spill board, Norris says More >>

ComCom went outside its role in rejecting StuffMe merger

Monday, 16 October 2017, 5:46 pm | BusinessDesk

Oct. 16 (BusinessDesk) - The Commerce Commission overreached its statutory mandate when it rejected a possible merger between New Zealand's two largest print media companies, Wellington's High Court has heard. More >>

NZ services sector slows in September

Monday, 16 October 2017, 2:01 pm | BusinessDesk

Oct. 16 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, dipped in September with activity and sales taking a tumble in a month dominated by the general election. More >>

Metro Glass announces strategic review, reiterates guidance

Monday, 16 October 2017, 1:45 pm | BusinessDesk

Oct. 16 (BusinessDesk) - Metro Performance Glass will put its business under the microscope as the glass products maker's management faces blowback from shareholders unhappy with their ability to grow earnings. More >>

T&G Global looks to sell food processing T&G Foods unit

Monday, 16 October 2017, 12:49 pm | BusinessDesk

Oct. 16 (BusinessDesk) - T&G Global, the fruit marketing firm controlled by Germany's BayWa, wants to sell its food processing subsidiary T&G Foods as the apple processing business has been hurt by a decline in fruit volumes and a slide in apple juice concentrate ... More >>

Media merger appeal in court today

Monday, 16 October 2017, 12:08 pm | BusinessDesk

Oct. 16 (BusinessDesk) - New Zealand's two largest news publishers will today take their merger appeal to the High Court, following the Commerce Commission's rejection in May. More >>

NZ dollar holds gains after softer US inflation

Monday, 16 October 2017, 11:39 am | BusinessDesk

Oct. 16 (BusinessDesk) - The New Zealand dollar held onto its gains after rising on Friday in New York following weaker-than-expected US inflation, which Federal Reserve chair Janet Yellen says she doesn't expect to persist. An announcement on ... More >>

World Week Ahead: Yellen sees higher inflation

Monday, 16 October 2017, 9:41 am | BusinessDesk

Oct. 16 (BusinessDesk) - Investors will eye any fresh takes on the latest US inflation data from Federal Reserve officials speaking this week as well as a slew of US quarterly corporate earnings including from Goldman Sachs. More >>

Argentina seeks to boost air connections to China through NZ

Friday, 13 October 2017, 8:57 pm | BusinessDesk

Oct. 13 (BusinessDesk) - Argentina's new, reformist government is seeking to accelerate the growth of Asian tourism to South America via New Zealand and Australia in what its visiting deputy tourism minister, Ramiro Alem, describes as a "look south" ... More >>