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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 386]
RESEND: NZ annual inflation may have slowed to 1.9% in 2Q
Friday, 14 July 2017, 8:42 pm | BusinessDesk
RESEND: NZ annual inflation may have slowed to 1.9% in 2Q, quelling rate-hike talk More >>
MARKET CLOSE: NZ shares rise
Friday, 14 July 2017, 8:38 pm | BusinessDesk
July 14 (BusinessDesk) - New Zealand shares rose, led by retirement stocks Metlifecare and Summerset Group Holdings, while NZX and Pushpay Holdings extended their gains. More >>
NZ dollar heading to a weekly 0.8% decline, eyes on US
Friday, 14 July 2017, 8:15 pm | BusinessDesk
July 14 (BusinessDesk) - The New Zealand dollar held onto its overnight gains but was headed for a 0.8 percent weekly decline as investors await several US economic indicators, including inflation numbers. More >>
Trustpower sees annual earnings at top of guidance
Friday, 14 July 2017, 7:41 pm | BusinessDesk
July 14 (BusinessDesk) - Trustpower shares rose after it said annual earnings are expected to be at the top of its forecast range due to a jump in electricity generation volumes and higher wholesale prices in the June quarter. More >>
Former Fletcher construction boss Darlow forfeits stake
Friday, 14 July 2017, 7:33 pm | BusinessDesk
July 14 (BusinessDesk) - Graham Darlow, who left his role as head of the Fletcher Building's construction division after it reported unexpectedly weak earnings this year, forfeited about $1.2 million of shares when he didn't meet financial targets. More >>
NZ annual inflation may have slowed to 1.9% in 2Q
Friday, 14 July 2017, 6:37 pm | BusinessDesk
NZ annual inflation may have slowed to 1.9% in 2Q, quelling rate-hike talk More >>
UPDATE: Pilot union plans to fight Supreme Court ruling
Friday, 14 July 2017, 4:53 pm | BusinessDesk
July 14 (BusinessDesk) - The pilots' union in dispute with Air New Zealand over its collective employment agreement is "considering its options" after the Supreme Court ruled in favour of the national carrier. More >>
CropLogic plans A$8 mln IPO in ASX listing
Friday, 14 July 2017, 4:06 pm | BusinessDesk
July 14 (BusinessDesk) - CropLogic, the agricultural technology company, has launched its prospectus and is planning an A$8 million capital raising before listing on the ASX. More >>
RBNZ wants to limit debt instruments available
Friday, 14 July 2017, 3:52 pm | BusinessDesk
July 14 (BusinessDesk) - The Reserve Bank wants to remove certain debt instruments lenders use to raise funds which can then be deemed to meet regulatory capital levels set to avoid the event of a meltdown. More >>
GeoOp votes to leave NZAX as NZ minnows mull future
Friday, 14 July 2017, 3:29 pm | BusinessDesk
July 14 (BusinessDesk) - Shareholders of GeoOp, the unprofitable management app developer, have approved plans to relocate to the ASX from the NZAX and raise funds via an initial public offering that could dilute their holdings by as much as 40 percent. More >>
Air NZ wins Supreme Court fight with pilots union
Friday, 14 July 2017, 2:34 pm | BusinessDesk
July 14 (BusinessDesk) - Air New Zealand has won a dispute with the country's largest pilots' union, which it said had been attempting to cherry-pick the good parts of other groups' collective employment agreements without having to accept the bad. More >>
NZ manufacturing activity slows in June
Friday, 14 July 2017, 2:18 pm | BusinessDesk
July 14 (BusinessDesk) - New Zealand's manufacturing activity extended its run of expansion for another month in June, albeit at a slower pace, as firms reined in employment in the face of growing labour shortages. More >>
$21.6M settlement offer to 160 'overpaid' investors
Friday, 14 July 2017, 1:46 pm | BusinessDesk
July 14 (BusinessDesk) - The liquidators for Ross Asset Management has written to 160 investors paid fictitious profits from the country's biggest-ever Ponzi scheme with an offer to settle for $21.6 million. More >>
NZ wool market shows signs of life in latest auction
Friday, 14 July 2017, 1:06 pm | BusinessDesk
July 13 (BusinessDesk) - New Zealand's wool market picked up from its recent doldrums at the latest South Island auction as a weaker dollar and wider range of wool types on offer helped to lift prices at a more robust clearance rate. More >>
NZ dollar rises above 73 US cents amid rate hike talk
Friday, 14 July 2017, 11:51 am | BusinessDesk
July 14 (BusinessDesk) - The New Zealand dollar rose amid speculation the Reserve Bank may be more inclined to hike interest rates in the face of increases and bullish talk from other central banks including the Bank of Canada, while stronger Chinese ... More >>
While you were sleeping: Yellen doubts Trump target
Friday, 14 July 2017, 10:53 am | BusinessDesk
July 14 (BusinessDesk) - Wall Street moved higher as investors positioned themselves for a fresh round of quarterly corporate earnings. More >>
Furneaux wins supreme award at 2017 KiwiNet awards
Friday, 14 July 2017, 9:15 am | BusinessDesk
July 13 (BusinessDesk) - Victoria University’s Richard Furneaux has won the BNZ supreme award at the 2017 KiwiNet Research Commercialisation Awards for his work on carbohydrate chemistry innovation. More >>
MARKET CLOSE: NZ shares up on Yellen testimony
Thursday, 13 July 2017, 8:34 pm | BusinessDesk
July 13 (BusinessDesk) - New Zealand shares gained, following global trends, with NZX and Ryman Healthcare continuing to rise. More >>
Beingmate Baby & Child in trading halt pending asset sale
Thursday, 13 July 2017, 8:33 pm | BusinessDesk
July 13 (BusinessDesk) - Chinese infant formula maker Beingmate Baby & Child Food had its shares halted on the Shenzhen stock exchange ahead of an asset sale to a related party in the next week and a half. More >>
NZ dollar rises after Yellen disappoints hawks and BOC lifts
Thursday, 13 July 2017, 8:22 pm | BusinessDesk
July 13 (BusinessDesk) - The New Zealand dollar rose after Federal Reserve chair Janet Yellen was seen as dovish and on some speculation that the New Zealand and Australian central banks may follow their Canadian counterpart and lift rates sooner ... More >>
