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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 397]
While you were sleeping: Health care stocks rise
Friday, 23 June 2017, 8:28 am | BusinessDesk
June 23 (BusinessDesk) - Wall Street moved higher as oil prices recovered while investors assessed the health-care bill released by Senate Republicans. More >>
MARKET CLOSE: NZ shares rise led by Xero, Contact Energy
Thursday, 22 June 2017, 8:45 pm | BusinessDesk
June 22 (BusinessDesk) - New Zealand shares rose, led by Xero which was spurred on by a rally in tech stocks on Wall Street, while blue chip stocks including power company Contact Energy and dual-listed listed bank Westpac Banking Corp also gained. More >>
Dollar gains as RBNZ's bid to talk down currency falls short
Thursday, 22 June 2017, 8:18 pm | BusinessDesk
NZ dollar gains as RBNZ's bid to talk down currency falls short of expectations More >>
NZME, Fairfax NZ merger appeal to be heard in October
Thursday, 22 June 2017, 7:36 pm | BusinessDesk
June 22 (BusinessDesk) - Dominant New Zealand news publishers NZME and Fairfax New Zealand will have their 10 days in court in October as they seek to overturn the Commerce Commission's rejection of a planned merger they say is needed to create ... More >>
Complectus sale falls through
Thursday, 22 June 2017, 7:06 pm | BusinessDesk
June 22 (BusinessDesk) - The sale of New Zealand financial services supervisory business Complectus has fallen through after the Australian buyer didn't meet the agreed settlement date of May 31. More >>
Gluckman says health sector should do more research
Thursday, 22 June 2017, 7:05 pm | BusinessDesk
June 22 (BusinessDesk) - Peter Gluckman, the Prime Minister's chief science adviser, says more funds should be poured into medical research, which accounts for less than 1 percent of the government's health budget. More >>
Public Trust to lose its Crown guarantee next year
Thursday, 22 June 2017, 6:26 pm | BusinessDesk
June 22 (BusinessDesk) - Public Trust, the state-owned entity duty-bound to act as the trustee of last resort, will lose its Crown guarantee next year, putting it on an equal footing with privately owned supervising firms. More >>
Property for Industry shareholders vote to internalise
Thursday, 22 June 2017, 4:51 pm | BusinessDesk
June 22 (BusinessDesk) - Property For Industry's managers will reap a $42 million payday after the industrial property investor's shareholders voted to internalise its management contract. More >>
NZ net migration driven to new record in May
Thursday, 22 June 2017, 2:42 pm | BusinessDesk
June 22 (BusinessDesk) - New Zealand annual net migration hit another record in May driven by foreign immigrants, with most coming from China, the UK and Australia. More >>
RBNZ seeks governor with 'gravitas'
Thursday, 22 June 2017, 2:25 pm | BusinessDesk
June 22 (BusinessDesk) - The Reserve Bank is seeking a new governor with "gravitas" to lead "a high-performance culture" that includes effective communications, one area where the bank has been both criticised and thin-skinned. More >>
Seeka forecasts 15% drop in 2017 profit
Thursday, 22 June 2017, 2:11 pm | BusinessDesk
June 22 (BusinessDesk) - Seeka, the largest kiwifruit grower in New Zealand and Australia, has confirmed its guidance for a 15 percent drop in operating profit in 2017 as weaker-than-expected kiwifruit crops offset growth from its avocado sector. More >>
Julie Christie to leave MediaWorks board at end of the month
Thursday, 22 June 2017, 2:09 pm | BusinessDesk
June 22 (BusinessDesk) - Reality TV pioneer Julie Christie will leave the board of MediaWorks Investments at the end of the month, ending almost four years as a director of the private equity-owned free-to-air broadcaster. More >>
Fonterra forecasts 3% rise in NZ milk collection this season
Thursday, 22 June 2017, 12:40 pm | BusinessDesk
June 22 (BusinessDesk) - Fonterra Cooperative Group expects to collect 3 percent more milk from New Zealand farms this season as higher milk prices encourage farmers to lift production. More >>
RBNZ's Wheeler keeps OCR at 1.75% with uncertain outlook
Thursday, 22 June 2017, 12:30 pm | BusinessDesk
June 22 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate at 1.75 percent and will look through a recent pick-up in inflation which is seen as being a temporary spike in the tradables sector while complaining about the ... More >>
Meridian CEO Binns to stand down this year
Thursday, 22 June 2017, 12:01 pm | BusinessDesk
Meridian CEO Binns to stand down this year after steering firm from SOE to NZX heavyweight More >>
NZ dollar little changed ahead of RBNZ review
Thursday, 22 June 2017, 11:36 am | BusinessDesk
NZ dollar little changed ahead of RBNZ review expected to keep rates on hold June 22 (BusinessDesk) - The New Zealand dollar barely budged heading into the Reserve Bank's latest policy review which is expected to keep the official cash rate at 1.75 ... More >>
While you were sleeping: Oil slide continues
Thursday, 22 June 2017, 11:06 am | BusinessDesk
June 22 (BusinessDesk) - Wall Street was mixed amid the ongoing slide in oil prices, which touched the lowest level in 10 months. More >>
NZ dollar tad weaker
Wednesday, 21 June 2017, 8:16 pm | BusinessDesk
June 21 (BusinessDesk) – The New Zealand dollar is slightly weaker as markets anticipate the central bank will attempt to jawbone it lower in tomorrow's official cash rate review while keeping rates on hold at 1.75 percent. More >>
Supreme Court judges mull interpretation of ERA
Wednesday, 21 June 2017, 6:52 pm | BusinessDesk
June 21 (BusinessDesk) – The Supreme Court is concerned an overly broad interpretation of the Employment Relations Act could limit employers' negotiating powers, as Affco and the Meat Workers Union continue their dispute in the country's highest court. More >>
FMA weighs up fast-tracking personalised robo-advice
Wednesday, 21 June 2017, 6:12 pm | BusinessDesk
June 21 (BusinessDesk) - The Financial Markets Authority is considering using its powers to fast-track automated personalised financial advice ahead of the expected 2019 schedule in the latest overhaul of legislation governing the sector. More >>
