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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 352]
While You Were Sleeping: Wall St Sets Fresh Records
Tuesday, 19 September 2017, 10:55 am | BusinessDesk
Sept. 19 (BusinessDesk) - Wall Street moved higher, paring some gains after rallying to record highs amid optimism about the US economic outlook and corporate profits, as investors eyed a meeting by the Federal Reserve which is set to tighten monetary ... More >>
Greens would lower debt faster than Labour
Monday, 18 September 2017, 9:16 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The Green Party would reduce net Crown debt more quickly than the Labour Party and would continue to run Budget surpluses over the next four years, if it were the government, according to a costed fiscal plan released by the ... More >>
MARKET CLOSE: NZX 50 mixed at the start of election week
Monday, 18 September 2017, 9:07 pm | BusinessDesk
MARKET CLOSE: NZX 50 mixed at the start of election week; NZ Refining, Air NZ fall on pipeline leak More >>
Dollar rises as risk appetite improves
Monday, 18 September 2017, 8:09 pm | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar gained as investors became more sanguine about the outcome of Saturday's election, regardless of who wins and as risk appetite improved in Asia. More >>
Vinz wins inspection contract for Tourism Holdings
Monday, 18 September 2017, 8:05 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Vehicle Inspection New Zealand (Vinz), which is owned by Japan's Jevic, has won a safety inspection contract for Tourism Holdings' global fleet of 5,264 vehicles. More >>
Jeff McDowall to succeed Rob McDonald as Air NZ CFO
Monday, 18 September 2017, 8:04 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Jeff McDowall, who is currently Air New Zealand's group general manager corporate finance, will take over from chief financial officer Rob McDonald on Jan 1, 2018. More >>
Westland Milk shareholders to vote on shrinking board
Monday, 18 September 2017, 4:11 pm | BusinessDesk
Sept. 18 (BusinessDesk) - Westland Milk Products shareholders are to vote on shrinking the board and improving selection processes after criticism that followed the cooperative's $14.5 million loss last year. More >>
NZ services sector expands in August
Monday, 18 September 2017, 2:17 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, gained in August, though employment dropped back. More >>
UPDATE: NZ Refining, Air NZ shares fall
Monday, 18 September 2017, 2:10 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand Refining and Air New Zealand shares fell as investors reacted to a pipeline leak disrupting jet fuel supplies at Auckland International Airport. More >>
NZ lamb exports to UK drop to record low in August
Monday, 18 September 2017, 12:33 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand lamb exporters are eschewing the weak UK market in favour of other more lucrative trading destinations, pushing the volume of meat sent to what was once the nation's biggest export market to a record low last month, ... More >>
OG Oil & Gas makes partial takeover offer for NZ Oil & Gas
Monday, 18 September 2017, 12:24 pm | BusinessDesk
Sept. 18 (BusinessDesk) - OG Oil & Gas, the oil and gas arm of the Ofer Global Group, has formalised its partial takeover offer for New Zealand Oil & Gas after the New Zealand energy explorer rejected an "inadequate" partial offer from ASX-listed Zeta ... More >>
NZ Refining says pipeline leak to hit revenue by up to $15m
Monday, 18 September 2017, 12:08 pm | BusinessDesk
Sept. 18 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery in Marsden Point, says a pipeline leak which has disrupted jet fuel supplies at Auckland International Airport will hit revenue by as much as $15 million. More >>
NZ dollar falls vs pound
Monday, 18 September 2017, 11:52 am | BusinessDesk
Sept. 18 (BusinessDesk) - The New Zealand dollar fell against the pound after Gertjan Vlieghe, regarded as one of the more dovish Bank of England policymakers, said the central bank may have to raise interest rates in coming months. More >>
World Week Ahead: Eyes squarely on Fed
Monday, 18 September 2017, 9:15 am | BusinessDesk
Sept. 18 (BusinessDesk) - US Federal Reserve policymakers are in full focus this week as investors keenly await their take on recent data showing signs of an uptick in inflation and the impact on their plans for the pace of interest rate increases. More >>
MARKET CLOSE: NZ shares fall in busy trade
Friday, 15 September 2017, 8:40 pm | BusinessDesk
MARKET CLOSE: NZ shares fall in busy trade, A2 Milk, Heartland decline while Comvita, Scales gain More >>
NZ dollar pushed around by electoral polls as it slips 0.5%
Friday, 15 September 2017, 8:17 pm | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar slipped 0.5 percent against the greenback over the week after whipsawing on different political polls ahead of the Sept. 23 election, although global jitters kept it range bound today. More >>
NZ economy seen expanding in June quarter
Friday, 15 September 2017, 7:19 pm | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand’s economy likely expanded at an aggregate level in the second quarter but per capita growth was probably tepid as migration runs hot. More >>
AWF Madison says first-half profit will fall
Friday, 15 September 2017, 5:06 pm | BusinessDesk
Sept. 15 (BusinessDesk) - AWF Madison Group, the country's biggest contract labour firm, said profit in the first half ending Sept. 30 would fall after labour hiring weakened in the second quarter. More >>
NZ Oil & Gas says Zeta partial takeover undervalues company
Friday, 15 September 2017, 4:02 pm | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand & Gas independent directors have recommended shareholders reject a partial takeover offer from ASX-listed Zeta Resources because it undervalues the company and favours capital return over investment for growth. More >>
Southern Cross surplus sinks 81% on rising payouts
Friday, 15 September 2017, 4:01 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Southern Cross Medical Care Society, the not-for-profit health insurer, saw its annual surplus drop 81 percent as an increase in claims outpaced rising premiums More >>
