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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 358]
Crown settles with last Quake Outcasts
Tuesday, 5 September 2017, 8:16 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The government has reached a deal with the remaining uninsured or uninsurable Christchurch property owners in the city's 'red zone' after the Court of Appeal deemed the second offer to be "unlawful". More >>
NZ commodity prices fall further in August says ANZ
Tuesday, 5 September 2017, 4:27 pm | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand commodity prices fell further in August as meat prices dropped and dairy prices largely traded sideways. More >>
Value of NZ building work moves higher in second quarter
Tuesday, 5 September 2017, 2:30 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The value of New Zealand building work rose in the June quarter as both non-residential and residential activity ticked up, even as volumes eased as construction winds down in Canterbury, says Statistics New Zealand More >>
Auckland house prices rise in August
Tuesday, 5 September 2017, 1:56 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Auckland's average house price gained in August, with the market remaining firm in the lead up to the general election this month, says realtor Barfoot & Thompson. More >>
Fonterra's GlobalDairyTrade investigates European tie-up
Tuesday, 5 September 2017, 12:30 pm | BusinessDesk
Sept. 5 (BusinessDesk) - Fonterra Cooperative Group's online auction platform GlobalDairyTrade is looking at a tie-up with the European Energy Exchange to extend the dairy offering available in the region. More >>
NZ new vehicle sales rise 3% in August
Tuesday, 5 September 2017, 12:20 pm | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand new vehicle sales rose 3 percent in August, helping the industry notch up more than 100,000 registrations so far this year, the fastest ever pace and keeping it on track to hit a new record this year. More >>
NZX trading activity lifts in August
Tuesday, 5 September 2017, 12:18 pm | BusinessDesk
Sept. 5 (BusinessDesk) - NZX trading activity rose in August, once again lifted by a strong rise in activity by smaller investors. More >>
NZ dollar falls vs yen
Tuesday, 5 September 2017, 11:37 am | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar fell against the yen as ongoing tensions over North Korea stoked demand for safe haven assets although trading was subdued following the US Labor Day holiday on Monday. More >>
While you were sleeping: Stocks slide on nuclear tensions
Tuesday, 5 September 2017, 11:15 am | BusinessDesk
Sept. 5 (BusinessDesk) - European equities declined while German bunds rose, following North Korea’s most powerful nuclear test and reports that it might launch another ballistic missile. More >>
Vero's Tower Takeover Appeal to be Heard in January
Tuesday, 5 September 2017, 10:11 am | BusinessDesk
Sept. 5 (BusinessDesk) - Vero Insurance's appeal against the Commerce Commission's rejection of its planned takeover of rival general insurer Tower will be heard in January next year, says commission chairman Mark Berry. More >>
MARKET CLOSE: NZ shares mixed in quiet market
Monday, 4 September 2017, 8:41 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed in quiet market, Sky TV hits lows while Heartland, Vista gain More >>
NZ dollar edges higher but range-bound
Monday, 4 September 2017, 8:16 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar was edged up while remaining in a narrow range in jittery markets after North Korea’s latest nuclear test and ahead of the second debate between Prime Minister Bill English and opposition Labour Party ... More >>
Kiwifruit growers can't sue over Psa damage, Crown's QC
Monday, 4 September 2017, 8:06 pm | BusinessDesk
Sept. 4 (BusinessDesk) - A group of kiwifruit growers claiming that negligence by the Ministry for Primary Industries allowed the Psa virus into New Zealand in 2009 isn't legally able to make a damages claim and is wrong about where the virus began, ... More >>
Labour says National using 'cynical, desperate' tactics
Monday, 4 September 2017, 7:45 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Labour Party finance spokesman Grant Robertson has hit back at claims by National Party campaign chair and Finance Minister Steven Joyce of an $11.7 billion "hole" in Labour's budget plans, but has still been left ... More >>
CORRECT: Sky TV shares, ex-div, drop to 18-year low
Monday, 4 September 2017, 7:43 pm | BusinessDesk
CORRECT: Sky TV shares, ex-div, drop to 18-year low on report of Amazon tilt for rugby More >>
MARKET CLOSE: NZ shares mixed, reduced trading expected
Friday, 1 September 2017, 8:56 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed, reduced trading expected ahead of election; A2, Fisher & Paykel up, Auckland Airport down More >>
NZ dollar sheds 4.5% in August, 1% this week
Friday, 1 September 2017, 8:54 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent decline this week after shedding 4.5 percent in August as election uncertainty rises with the latest political polls. More >>
NZ gender pay gap narrows to 9.4% in June quarter
Friday, 1 September 2017, 5:04 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The gap between what men get paid and what women get paid per hour has narrowed in the June quarter, with the 9.4 percent difference now the smallest it has been in five years, Statistics New Zealand said. More >>
SeaDragon sees EU barrier, makes China push
Friday, 1 September 2017, 3:41 pm | BusinessDesk
Sept. 1 (BusinessDesk) - SeaDragon says it has an unresolved quality control issue which has hurt prices and is waiting to hear back from offshore customers who are assessing samples of its refined Omega-3 fish oil. More >>
Bond investors put little risk premium on NZ election
Friday, 1 September 2017, 2:59 pm | BusinessDesk
Aug. 31 (BusinessDesk) - Spending promises are flying fast and furious in the final weeks of New Zealand election campaigning raising questions about the debt funding that may be needed to bankroll it all, but investors in the nation's sovereign bonds ... More >>
