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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 398]
Costly science funding applications
Wednesday, 21 June 2017, 6:11 pm | BusinessDesk
Costly science funding applications still the elephant in the room By Rebecca Howard June 21 (BusinessDesk) – Funding remains the elephant in the room for the scientific community and while the end point of research is positive, there is a need to keep ... More >>
MARKET CLOSE: NZ shares join global retreat as oil declines
Wednesday, 21 June 2017, 6:09 pm | BusinessDesk
MARKET CLOSE: NZ shares join global retreat as oil declines; dual-listed Fletcher, Air NZ drop More >>
Smiths City FY profit halves from year-earlier result
Wednesday, 21 June 2017, 12:37 pm | BusinessDesk
June 21 (BusinessDesk) – Smiths City Group's annual profit more than halved without the one-off gain from the sale of its Colombo St store in 2016, although underlying earnings jumped from wider margins in its finance division and a smaller restructuring ... More >>
Tourism Holdings raises annual earnings guidance
Wednesday, 21 June 2017, 11:50 am | BusinessDesk
June 21 (BusinessDesk) – Tourism Holdings raised its earnings guidance and says annual profit will probably rise by about 21 percent as New Zealand continues to register record visitor numbers. More >>
NZ dollar hits 3 1/2 mth high vs Pound
Wednesday, 21 June 2017, 11:49 am | BusinessDesk
June 21 (BusinessDesk) – The New Zealand dollar rose to a three-and-a-half month high against the British pound after Bank of England governor Mark Carney talked down the need for early interest rate hikes, while the Reserve Bank's policy review ... More >>
While you were sleeping: Oil hits lowest this year
Wednesday, 21 June 2017, 11:16 am | BusinessDesk
June 21 (BusinessDesk) – Wall Street declined from record highs as oil prices slid to the lowest level in seven months amid unabated concern about the global glut. More >>
Dairy product prices slip for the first time since March
Wednesday, 21 June 2017, 10:06 am | BusinessDesk
June 21 (BusinessDesk) – Dairy product slipped at the Global Dairy Trade auction, declining for the first time since March More >>
Affco, Meat Workers Union in Supreme Court over bargaining
Tuesday, 20 June 2017, 9:37 pm | BusinessDesk
June 20 (BusinessDesk) – Affco and the Meat Workers Union took their battle over unlawful lockouts during negotiations to the Supreme Court today, the latest stage in the long-running dispute. More >>
SFO charges Ponzi accused Hibbs with defrauding investors
Tuesday, 20 June 2017, 9:01 pm | BusinessDesk
June 20 (BusinessDesk) – The Serious Fraud Office has charged Christchurch businessman Paul Hibbs with defrauding investors by operating a Ponzi scheme. More >>
MARKET CLOSE: NZ shares touch new record as Air NZ flies
Tuesday, 20 June 2017, 8:59 pm | BusinessDesk
MARKET CLOSE: NZ shares touch new record as Air NZ flies to 16-year high; Spark, Ryman weigh More >>
NZ dollar pares overnight losses
Tuesday, 20 June 2017, 8:59 pm | BusinessDesk
June 20 (BusinessDesk) – The New Zealand dollar recovered some overnight losses after New York Federal Reserve President William Dudley signalled a willingness to gradually increase US interest rates to support economic growth but the local currency ... More >>
Scott Technology buys Dunedin engineering firm DC Ross
Tuesday, 20 June 2017, 8:58 pm | BusinessDesk
June 20 (BusinessDesk) – Scott Technology has bought Dunedin engineering firm DC Ross out of receivership and, separately, plans to expand its existing facilities in the Otago city. More >>
Consortia short-listed for 2500 Chch Housing NZ properties
Tuesday, 20 June 2017, 8:57 pm | BusinessDesk
June 20 (BusinessDesk) – Three consortia consisting of community housing providers and private investors have been short-listed to buy 2,500 Housing New Zealand properties in Christchurch. More >>
SBS Bank boosts annual profit 37%
Tuesday, 20 June 2017, 4:51 pm | BusinessDesk
SBS Bank boosts annual profit 37% as lender beefs up exposure to Auckland property investors More >>
Judge orders liquidation of company tied to Ngatata Love
Tuesday, 20 June 2017, 4:41 pm | BusinessDesk
June 20 (BusinessDesk) – Associate Judge Warwick Smith today ordered the liquidation of Pipitea Street Development Limited (PSDL), a company linked to the fraud case involving Ngatata Love, in Wellington's High Court at the request of Inland Revenue. More >>
Ports making ‘parochial, emotional’ investment decisions
Tuesday, 20 June 2017, 4:40 pm | BusinessDesk
June 20 (BusinessDesk) - Local government owners of New Zealand ports are still inclined to make “emotional and parochial” investment decisions even though the Ports Act requires them to manage port facilities so they return more than their ... More >>
NZ consumer confidence climbs to five-month high
Tuesday, 20 June 2017, 4:29 pm | BusinessDesk
June 20 (BusinessDesk) – New Zealand consumer confidence rose to a five-month high on a strong labour market and the government's boost to household incomes, announced in last month's Budget. More >>
GCSB backing for Groser's WTO bid within the rules
Tuesday, 20 June 2017, 3:16 pm | BusinessDesk
June 20 (BusinessDesk) – The Government Communications Security Bureau's support for former Cabinet minister Tim Groser's bid to lead the World Trade Organisation almost five years ago was above board and within the spy agency's remit, says Inspector-General ... More >>
Tourist levy unlikely
Tuesday, 20 June 2017, 11:45 am | BusinessDesk
June 20 (BusinessDesk) – The government remains unconvinced on the merits of a tourist levy, with fears it could “turn off the tap” on New Zealand's largest export earner as Chinese tourist numbers drop. More >>
NZ dollar slips as Fed's Dudley talks up US inflation
Tuesday, 20 June 2017, 11:43 am | BusinessDesk
June 20 (BusinessDesk) – The New Zealand dollar fell as investors latched on to New York Federal Reserve President William Dudley's expectations for US inflation to rise, keeping alive projections for higher US rates and stoking demand for the ... More >>
