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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 372]
Contact Energy takes 10% hit to underlying earnings
Monday, 14 August 2017, 12:10 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Contact Energy reported a 10 percent fall in underlying earnings to $141 million for the year to June 30, although statutory net profit showed a $216 million turnaround for the year mainly because the costs of closing its Otahuhu-B ... More >>
NZ dollar gains after weak US inflation data adds to doubts
Monday, 14 August 2017, 11:38 am | BusinessDesk
Aug. 14 (BusinessDesk) - The New Zealand dollar gained after weaker-than-expected US inflation data added to doubts the Federal Reserve will hike interest rates for the third time this year. More >>
World Week Ahead: Watching geopolitics, Fed minutes
Monday, 14 August 2017, 9:49 am | BusinessDesk
Aug. 14 (BusinessDesk) - As China seeks to defuse increasing tension between the US and North Korea, investors will eye minutes from the latest US Federal Reserve meeting as well as corporate earnings including from Target and Wal-Mart. More >>
MARKET CLOSE: NZ shares fall on nuclear fears
Friday, 11 August 2017, 8:33 pm | BusinessDesk
MARKET CLOSE: NZ shares fall on nuclear fears, F&P Healthcare and Sky TV drop while Hallensteins rallies More >>
Dollar heading for a 3% weekly fall on North Korean worries
Friday, 11 August 2017, 8:13 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar is heading toward a 3 percent weekly fall against the greenback as rising geopolitical tensions continued to crimp risk appetite and weak domestic data continues to weigh. More >>
Labour will need more than 'Jacinda Trudeau': TOP
Friday, 11 August 2017, 6:18 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The Labour Party can only hope to change the government if its policies attract the same pick-up in support as its new Jacinda Ardern has done in last week, the leader of The Opportunities Party, Gareth Morgan, said at ... More >>
Auckland transport investment faces $5.9b funding shortfall
Friday, 11 August 2017, 6:16 pm | BusinessDesk
Aug. 11 (BusinessDesk) - An updated project aimed at understanding Auckland's transport investment needs over the next decade has identified a $5.9 billion funding shortfall to be sourced from the government, council and private sector. More >>
The 8 questions every firm must answer on data privacy
Friday, 11 August 2017, 5:03 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Firms holding private information about any of their customers need good answers to eight questions to be sure they're protecting their customers' data well enough, says a new set of draft guidelines from the government-funded but ... More >>
NZ has healthy start-up culture but needs more support: MYOB
Friday, 11 August 2017, 4:03 pm | BusinessDesk
Aug. 11 (BusinessDesk) - New Zealand has a healthy start-up culture, but more can be done to support the development of home-grown entrepreneurs, says business software provider MYOB. More >>
Eating Out Gets More Expensive, Fruit Gets Cheaper
Friday, 11 August 2017, 3:43 pm | BusinessDesk
NZ Food Prices Flat in July as Eating Out Gets More Expensive, Fruit Gets Cheaper More >>
Fonterra tweaks website wording after Consumer test
Friday, 11 August 2017, 2:54 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Fonterra Cooperative Group has amended the claims made about the nutritional benefits of its Anchor-brand 'light-proof' plastic bottles after a Consumer New Zealand test showed they don't protect the vitamins in milk any better ... More >>
NZX50 drops 1% as North Korean tension escalates
Friday, 11 August 2017, 2:36 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand benchmark stock index dropped 1 percent this morning as fear about nuclear tensions between North Korea and the United States dragged global equities down. More >>
First NZ Capital Launches New Private Equity Fund
Friday, 11 August 2017, 2:31 pm | BusinessDesk
First NZ Capital Launches New Private Equity Fund for Mid to Large-Scale NZ Companies More >>
NZ Manufacturing Activity Slows in July
Friday, 11 August 2017, 2:12 pm | BusinessDesk
Aug. 11 (BusinessDesk) - New Zealand manufacturing activity continued to expand in July but dipped slightly compared with June after particularly dismal winter weather. More >>
NZ wool sale volumes rise at double auction
Friday, 11 August 2017, 1:30 pm | BusinessDesk
Aug. 11 (BusinessDesk) - A higher volume of wool was sold at auction in New Zealand this week after organisers skipped a week and held a double auction across both islands. More >>
NZ house prices edge up in July; REINZ calls for looser LVR
Friday, 11 August 2017, 1:28 pm | BusinessDesk
NZ house prices edge up in July; REINZ calls for looser LVR rules on sales slump More >>
South Port New Zealand names Nigel Gear new chief executive
Friday, 11 August 2017, 1:20 pm | BusinessDesk
Aug. 11 (BusinessDesk) - South Port New Zealand, the country's southernmost deep water port, has appointed long-serving manager Nigel Gear as the new chief executive from October. More >>
Hallenstein Glasson Annual Profit Lifts About 25%
Friday, 11 August 2017, 12:16 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Hallenstein Glasson Holding, the clothing retailer, posted a 7 percent increase in annual sales and said profit was about 25 percent higher than the previous year. More >>
NZ dollar falls as North Korea tensions sap risk appetite
Friday, 11 August 2017, 12:07 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar fell as the war of words between the US and North Korea sapped risk appetite and stoked so-called safe-haven currencies such as the yen. More >>
Trump escalates North Korea tension
Friday, 11 August 2017, 11:04 am | BusinessDesk
Aug. 11 (BusinessDesk) - Equities slid, while US Treasuries and gold climbed, as US President Donald Trump’s latest comments further inflamed tension with North Korea. More >>
