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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 392]
While you were sleeping: US manufacturing shows strength
Tuesday, 4 July 2017, 10:57 am | BusinessDesk
July 4 (BusinessDesk) - The US dollar gained on better-than-expected manufacturing data, while Wall Street was mixed as bank stocks climbed and tech stocks slid. More >>
MARKET CLOSE: NZ shares fall; F&P Healthcare, Ebos drop
Monday, 3 July 2017, 8:36 pm | BusinessDesk
MARKET CLOSE: NZ shares fall; F&P Healthcare, Ebos drop while Air NZ, NZX gain More >>
NZ dollar little changed ahead of RBA, Fed minutes, US jobs
Monday, 3 July 2017, 8:12 pm | BusinessDesk
July 3 (BusinessDesk) - The New Zealand dollar was little changed ahead of key events this week including the Reserve Bank of Australia's interest rate review and the minutes of the last Federal Reserve meeting. More >>
NZ swaps spike as investors bet against RBNZ
Monday, 3 July 2017, 7:44 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand's swap rates have jumped to multi-month highs on speculation the Reserve Bank will have to lift the official cash rate earlier than its official projections to keep pace with central banks around the world that ... More >>
Govt gives $5 mln to Emirates Team NZ
Monday, 3 July 2017, 7:43 pm | BusinessDesk
July 3 (BusinessDesk) - The government will give $5 million to Emirates Team New Zealand as it prepares for the next America's Cup, so it can retain key staff. More >>
Spark's wireless broadband key to fatter margins
Monday, 3 July 2017, 6:57 pm | BusinessDesk
July 3 (BusinessDesk) - Spark New Zealand's plans to fatten earnings margins will largely rely on its ability to switch broadband customers to its fixed wireless network, although the next iteration of mobile technology makes the future murkier for the ... More >>
ASX-listed Sams Creek Gold owners sell
Monday, 3 July 2017, 4:45 pm | BusinessDesk
July 3 (BusinessDesk) - The owner of the Sams Creek Gold Project, which sits atop what could be New Zealand's biggest undeveloped gold deposit, is selling its controlling stake in the project to a new company poised to list on the Australian stock exchange. More >>
First NZ lifts NZX target price after AGM
Monday, 3 July 2017, 2:20 pm | BusinessDesk
July 3 (BusinessDesk) - First NZ Capital nudged up its 12-month target price on NZX on a small upgrade to its earnings forecasts after last week's annual meeting and is closely watching for the outcome of the stock exchange operator's review of its ... More >>
Treasury's Landcorp advice shows challenge to investment
Monday, 3 July 2017, 1:36 pm | BusinessDesk
July 3 (BusinessDesk) - State-owned enterprise Landcorp Farming has repeatedly clashed with the government’s financial adviser, the Treasury because it wants to reinvest cash to grow its business rather than return it to the government as dividends, papers ... More >>
Govt takes control of earthquake-prone building decisions
Monday, 3 July 2017, 1:31 pm | BusinessDesk
July 3 (BusinessDesk) - Central government has taken control of earthquake-prone building regulation, with new legislation that will compel building owners to fix or demolish dangerous structures within set timeframes. More >>
NZ dollar dips as shift in global rate outlook takes hold
Monday, 3 July 2017, 11:49 am | BusinessDesk
July 3 (BusinessDesk) - The New Zealand dollar dipped at the start of the new quarter as the mounting rhetoric among central bankers for interest rates to rise puts the Reserve Bank's 'neutral' policy stance out of step with its peers More >>
World Week Ahead: Fed minutes and policy report
Monday, 3 July 2017, 11:12 am | BusinessDesk
July 3 (BusinessDesk) - Minutes from the US Federal Reserve’s June meeting, released on Wednesday, as well as the Fed’s monetary policy report to Congress, slated for Friday, will form a key focus as investors try to gauge the outlook for inflation. More >>
Blair Bryant resigns as director of Powerhouse;
Friday, 30 June 2017, 9:21 pm | BusinessDesk
June 30 (BusinessDesk) - Blair Bryant has resigned from the board of Powerhouse Ventures and as a result the ASX-listed, Christchurch-based technology incubator has cancelled a special meeting of shareholders it had called on July 21 in Sydney to vote him ... More >>
Philip Morris CEO Calantzopoulos buys Northland farm
Friday, 30 June 2017, 9:18 pm | BusinessDesk
June 30 (BusinessDesk) - The chief executive of global cigarette company Philip Morris, Andreas Calantzopoulos, has been granted Overseas Investment Office permission to buy a 316-hectare beef and cattle farm in Waipapa, Northland. More >>
MARKET CLOSE: NZ shares fall on last day of upbeat quarter
Friday, 30 June 2017, 8:47 pm | BusinessDesk
MARKET CLOSE: NZ shares fall on last day of upbeat quarter, Spark and Xero drop More >>
NZ dollar rises vs greenback; further gains may be curtailed
Friday, 30 June 2017, 8:22 pm | BusinessDesk
June 30 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker US dollar but may struggle to make further gains in the face of central bankers who are sounding more hawkish than the Reserve Bank. More >>
Toll NZ buys $59.5 mln site from Fletcher
Friday, 30 June 2017, 6:58 pm | BusinessDesk
Toll NZ buys $59.5 mln site from Fletcher for new freight forwarding facility in Otahuhu More >>
Future Mobility Solutions planning to de-list from NZX
Friday, 30 June 2017, 6:22 pm | BusinessDesk
June 30 (BusinessDesk) - Future Mobility Solutions, the company formerly known as SeaLegs, plans to delist from the NZX, saying the market is too small. More >>
NZX to carry out extensive review of business
Friday, 30 June 2017, 5:46 pm | BusinessDesk
June 30 (BusinessDesk) - NZX will carry out an extensive review of its business with the results due in November and while shareholder Tony Falkenstein wasn't elected to the board, his observations will be considered as part of that review, chairman ... More >>
Healthcare NZ seeks increased foothold in Auckland
Friday, 30 June 2017, 5:45 pm | BusinessDesk
June 30 (BusinessDesk) - Healthcare of New Zealand Holdings, the country's biggest provider of homecare support, wants a bigger share of Auckland, where it's under-represented with the acquisition of Geneva Healthcare for an undisclosed sum. More >>
