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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 353]
NZ manufacturing gains in August
Friday, 15 September 2017, 1:52 pm | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand's manufacturing activity continued to gain in August, pushing further above the long-term average as activity in the South Island and larger firms picked up. More >>
NZ house sale volumes drop across the country in August
Friday, 15 September 2017, 1:02 pm | BusinessDesk
Sept. 15 (BusinessDesk) - The number of property sales across New Zealand dropped by 20 percent last month, with none of the 14 regions recording an increase, according to the Real Estate Institute of New Zealand. More >>
ComCom pleased with greater Fonterra openness
Friday, 15 September 2017, 12:44 pm | BusinessDesk
Sept. 15 (BusinessDesk) - The Commerce Commission is pleased with the prospect of greater transparency in Fonterra Cooperative Group's off-GlobalDairyTrade sales, but is still unsure whether a component of the dairy company's milk price calculation ... More >>
NZ dollar tumbles vs pound on BoE rate hike view
Friday, 15 September 2017, 11:35 am | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar fell to a four-month low against the pound after the Bank of England said it may hike interest rates in coming months and declined against the greenback as the latest political poll put the Labour Party ... More >>
While you were sleeping: December hike bets firm
Friday, 15 September 2017, 10:59 am | BusinessDesk
Sept. 15 (BusinessDesk) - Wall Street was mixed as the latest US inflation data renewed bets the Federal Reserve might hike interest rates for a third time after all this year. More >>
MARKET CLOSE: NZ shares mixed, Xero at 3-year record
Thursday, 14 September 2017, 8:39 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed, Xero at 3-year record and Summerset gains while Air NZ, Vector fall More >>
NZ dollar gains vs greenback ahead of NZ poll, US CPI
Thursday, 14 September 2017, 8:11 pm | BusinessDesk
Sept. 14 (BusinessDesk) - The New Zealand dollar rose ahead of the latest opinion poll, with just over a week until the election, and before a report on US inflation. More >>
NZ Shareholders Association takes aim at Turners placement
Thursday, 14 September 2017, 8:10 pm | BusinessDesk
Sept. 14 (BusinessDesk) - The New Zealand Shareholders' Association has Turners Automotive Group in its sights after the auto and finance firm raised funds through a placement to sophisticated and wealthy investors. More >>
McClay upbeat about progress on FTA front with EU
Thursday, 14 September 2017, 7:42 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Trade Minister Todd McClay is upbeat after European Commission president Jean-Claude Juncker said he wants to ink a free-trade agreement with New Zealand by October 2019, but acknowledged it will be a challenge. More >>
Turners Automotive's $25 million placement fully subscribed
Thursday, 14 September 2017, 7:41 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Turners Automotive Group's $25 million placement was fully subscribed yesterday with the underwriter not called on to top up the discounted offer. More >>
Windflow Technology calls time on turbine manufacturing
Thursday, 14 September 2017, 7:38 pm | BusinessDesk
Sept. 14 (BusinessDesk) - David Iles, a US shareholder of Windflow Technology who bankrolled its UK activities, will take control of the unprofitable turbine maker and forgive some $21 million of loans in exchange for the company's UK subsidiaries. More >>
NZ consumer confidence at 3-year high in September
Thursday, 14 September 2017, 4:23 pm | BusinessDesk
Sept. 14 (BusinessDesk) - New Zealand consumer confidence hit a three-year high in September as a softer housing market and election uncertainty failed to dent optimism. More >>
National will look to sell Landcorp farms if re-elected
Thursday, 14 September 2017, 2:57 pm | BusinessDesk
Sept. 14 (BusinessDesk) - A National government will look to sell state-owned Landcorp Farming farms if it is re-elected on Sept. 23, says primary industries spokesman Nathan Guy. More >>
Robt Jones Holdings ordered to refund rental payments
Thursday, 14 September 2017, 2:46 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Robt Jones Holdings will have to pay some $752,000 plus six years of interest to the liquidators of Northern Crest Investments after the High Court ruled Bob Jones's real estate firm jumped the queue in a liquidation of ... More >>
$41M of MBIE funding
Thursday, 14 September 2017, 2:40 pm | BusinessDesk
Sept. 14 (BusinessDesk) - The Ministry of Business, Innovation and Employment has allocated $41 million from its Endeavour Fund for five projects run by Victoria University of Wellington and one by the University of Auckland. More >>
Labour reverses Ardern's 'captain's call' on tax reform
Thursday, 14 September 2017, 2:11 pm | BusinessDesk
Sept. 14 (BusinessDesk) - The Labour Party has reversed one of new leader Jacinda Ardern's first 'captain's calls', saying it will implement no tax reforms recommended by a working group before the 2020 election. More >>
Steel & Tube names director Mark Malpass
Thursday, 14 September 2017, 12:18 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Steel & Tube Holdings named director Mark Malpass as interim chief executive following the sudden departure of Dave Taylor after eight years in the job. More >>
Summerset eyes fifth Wellington village
Thursday, 14 September 2017, 12:10 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Summerset Group plans to build its fifth retirement village in the greater Wellington region with the purchase of a 6-hectare block of land north of the city. More >>
NZ dollar falls on US tax reform plans
Thursday, 14 September 2017, 11:52 am | BusinessDesk
Sept. 14 (BusinessDesk) - The New Zealand dollar fell as US Republicans signalled progress on tax reforms and as financial markets awaited US inflation figures tonight and, for New Zealand, the latest opinion poll. More >>
While you were sleeping: Mixed mood on Wall St
Thursday, 14 September 2017, 10:44 am | BusinessDesk
Sept. 14 (BusinessDesk) - Wall Street was mixed, with the S&P 500 touching a fresh record high, as gains in shares of Chevron, following oil prices higher, offset declines in shares of Apple as investors digested the impact of its latest products, ... More >>
