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BusinessDesk - Latest News [Page 39]
NZ dollar rises after heartening Chinese data
Monday, 15 July 2019, 8:12 pm | BusinessDesk
July 15 (BusinessDesk) - July 15 (BusinessDesk) - The New Zealand dollar rose after a raft of Chinese economic data that mostly beat expectations. More >>
Suspect company faces liquidation after director dies
Monday, 15 July 2019, 8:11 pm | BusinessDesk
July 15 (BusinessDesk) - The registrar for companies has moved to dissolve wealth management company Denton Morrell after its director Matthew Butterfield died. More >>
Foreign investors face maximum penalty for breach
Monday, 15 July 2019, 8:09 pm | BusinessDesk
July 15 (BusinessDesk) - Overseas investors who paid $13 million for five hectares of land in Auckland have been told to pay $300,000 to the Overseas Investment Office (OIO) and sell the 117-lot development they started within two years. More >>
UPDATE: Crucial carbon reduction recommendations due
Monday, 15 July 2019, 7:36 pm | BusinessDesk
July 15 (BusinessDesk) - Crucial recommendations affecting the New Zealand farming and electricity sectors are due for release by the government's Interim Climate Change Committee tomorrow (Tuesday) in Wellington. More >>
Napier Port share offer $2.27-$2.60
Monday, 15 July 2019, 7:19 pm | BusinessDesk
July 15 (BusinessDesk) - Napier Port expects to raise up to $234 million from the planned sale of 45 percent of the business through a public share offer. More >>
UPDATE: RBNZ kyboshes AMP's A$3.3 bln life business sale
Monday, 15 July 2019, 7:16 pm | BusinessDesk
(Updates with share price details in the 7th par and adds details of investor expectations in second and third to last pars.) More >>
Crucial carbon reduction recommendations due tomorrow
Monday, 15 July 2019, 6:59 pm | BusinessDesk
July 15 (BusinessDesk) - Crucial recommendations affecting the New Zealand farming and electricity sectors are due for release by the government's Interim Climate Change Committee tomorrow (Tuesday) in Wellington. More >>
NZ Super Fund to invest in $300M local hotel venture
Monday, 15 July 2019, 5:23 pm | BusinessDesk
New Zealand’s $42 billion Superannuation Fund will invest into a $300 million portfolio of hotels owned by local firms, as it eyes further exposure to tourism. More >>
Infratil-backed Longroad Energy secures wind farm finance
Monday, 15 July 2019, 4:48 pm | BusinessDesk
July 15 (BusinessDesk) - US-based renewable energy developer Longroad Energy has closed financing for its 243 megawatt El Campo wind farm with the project due to be completed in 2020, says Infratil. More >>
Peters to meet top US administration hawks in Washington
Monday, 15 July 2019, 3:30 pm | BusinessDesk
July 15 (BusinessDesk) - Foreign Minister Winston Peters will have bi-lateral meetings with two of US president Donald Trump's most hawkish defence and security advisers in a five day trip to Washington D.C. More >>
RBNZ kyboshes AMP's A$3.3 bln life business sale
Monday, 15 July 2019, 2:57 pm | BusinessDesk
July 15 (BusinessDesk) - New Zealand’s Reserve Bank has put a spanner in the works of AMP’s proposed A$3.3 billion sale of its Australian and New Zealand life and other wealth protection businesses to British-based Resolution Life Group. More >>
Tourist numbers dip in May on fewer Chinese, Indian arrivals
Monday, 15 July 2019, 2:39 pm | BusinessDesk
July 15 (BusinessDesk) - International travel into New Zealand eased in May with fewer visitors arriving from China and India. More >>
Softer June services activity points to economic slowdown
Monday, 15 July 2019, 1:55 pm | BusinessDesk
July 15 (BusinessDesk) - Activity in New Zealand's services sector softened in June, adding to a picture of lacklustre economic growth. More >>
NZ dollar benefits from weaker greenback
Monday, 15 July 2019, 10:56 am | BusinessDesk
July 15 (BusinessDesk) - The New Zealand dollar dipped on weak China trade data but pared those losses as investors continue to expect lower interest rates in the US. More >>
Loss-making firms to get R&D refunds in proportion
Friday, 12 July 2019, 9:03 pm | BusinessDesk
July 12 (BusinessDesk) - Loss-making companies that invest in eligible research and development will be able to claim cash refunds in proportion to their payroll figures from the 2020/21 tax year. More >>
MARKET CLOSE: NZ stocks mixed on rate outlook
Friday, 12 July 2019, 9:01 pm | BusinessDesk
July 12 (BusinessDesk) - New Zealand stocks were mixed with thin local corporate news insufficient to extend gains earlier in the week. More >>
Acting PM Peters rebuffs concerns over digital services tax
Friday, 12 July 2019, 8:20 pm | BusinessDesk
July 12 (BusinessDesk) - Acting Prime Minister Winston Peters has dismissed concerns the US could threaten New Zealand with tariffs over proposed taxes for internet companies. More >>
NZ dollar headed for 0.6% weekly gain
Friday, 12 July 2019, 8:12 pm | BusinessDesk
July 12 (BusinessDesk) - The New Zealand dollar is headed for a 0.8 percent weekly gain with investors expecting a rate cut in the US at the end of this month but wary ahead of domestic inflation data next week. More >>
RAM investor action against ANZ important test
Friday, 12 July 2019, 6:38 pm | BusinessDesk
July 12 (BusinessDesk) - Legal action against ANZ Bank by former investors in the failed Ross Asset Management business is an important step in resolving their claims, the Financial Markets Authority says. More >>
DB Breweries to switch Timaru plant from coal next year
Friday, 12 July 2019, 6:33 pm | BusinessDesk
July 12 (BusinessDesk) - DB Breweries is planning to switch its brewery at Timaru onto wood chip by the end of next year as part a plan to halve the group’s emissions by 2030. More >>
