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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 4]
Fonterra looking to lift China's importance in new strategy
Friday, 4 October 2019, 3:56 pm | BusinessDesk
Fonterra Cooperative Group is looking to elevate the importance of China, it’s leading market, as part of its new strategy. More >>
Xero's rival Intuit reports fast subscriber growth in UK
Friday, 4 October 2019, 3:55 pm | BusinessDesk
Accounting software firm Intuit's latest numbers suggest it may have overtaken arch-rival Xero in Britain and that it is growing fast in countries Xero has yet to target. More >>
RCEP deal by November still achievable - O'Connor
Friday, 4 October 2019, 1:22 pm | BusinessDesk
New Zealand’s minister of state for trade and export growth heads to Bangkok next week for an additional round of talks on the Regional Comprehensive Economic Partnership and said a deal by November is still achievable. More >>
Most of govt's $300m VC funds "going to foreigners"
Friday, 4 October 2019, 12:17 pm | BusinessDesk
The founder of one of New Zealand's most successful venture capital firms believes his firm won't qualify for funding from the government's $300 million Venture Capital Fund and that most of the money is likely to go to overseas firms. More >>
Court of Appeal judgment further opens class action gates
Friday, 4 October 2019, 11:29 am | BusinessDesk
The Court of Appeal's landmark Southern Response may not unleash an avalanche of class action lawsuits, but that shouldn't diminish the significance of the decision handed down last month. More >>
NZ dollar rises on weak US services data
Friday, 4 October 2019, 11:20 am | BusinessDesk
The New Zealand dollar firmed on further signs of weakness in the US economy. More >>
MARKET CLOSE: NZ shares fall on growth fears, trade war
Thursday, 3 October 2019, 9:08 pm | BusinessDesk
New Zealand shares continued to decline in the wake of data suggesting the US economy is slowing and after the US threatened to open another front in its trade war, this time with Europe. More >>
NZ dollar rangebound ahead of US payrolls data
Thursday, 3 October 2019, 8:05 pm | BusinessDesk
The New Zealand dollar stuck to a tight range as the US dollar remains under pressure ahead of key jobs data there overnight Friday. More >>
Study group favours Auckland port shift to Northland
Thursday, 3 October 2019, 8:04 pm | BusinessDesk
Relocating freight operations from Ports of Auckland to Northport over time would improve the efficiency of the upper North Island’s freight system, while also maintaining competition, an independent review panel says. More >>
Public support, not unicorns, needed for carbon storage
Thursday, 3 October 2019, 5:23 pm | BusinessDesk
New Zealand will need supportive regulation and wider public understanding if it is to include carbon capture and storage in its response to climate change, a Waikato University academic says. More >>
NZ commodity prices flatline in September
Thursday, 3 October 2019, 4:29 pm | BusinessDesk
An index of New Zealand commodity prices was unchanged in September as gains in meat, forestry and aluminium offset weaker prices in other sectors. More >>
EV uptake on the rise as new Tesla model leads the charge
Thursday, 3 October 2019, 3:04 pm | BusinessDesk
The uptake of electric vehicles is on the rise as pure EVs broke into the top three passenger/SUV models registered for the first time last month, Motor Industry Association figures show. More >>
Low fixed charge regs to go
Thursday, 3 October 2019, 3:01 pm | BusinessDesk
The government’s low fixed charge regime for power pricing is to be phased out as part of a suite of measures intended to put downward pressure on household electricity costs and increase competition. More >>
NZ dollar benefits from weaker-than-expected US jobs data
Thursday, 3 October 2019, 11:06 am | BusinessDesk
The New Zealand dollar was higher as a slowdown in US monthly private-sector hiring added to concerns about the health of the world's largest economy. More >>
MARKET CLOSE: NZ shares fall on concerns
Wednesday, 2 October 2019, 9:34 pm | BusinessDesk
New Zealand shares played follow-the-leader, following Wall Street lower after poor US manufacturing data highlighted the risks to the global economy. More >>
RBNZ urged to take a wider, non-plumbing view of banks
Wednesday, 2 October 2019, 5:04 pm | BusinessDesk
The Reserve Bank focuses too little on the incentives driving bankers, ignores the implied government guarantee that banks benefit from and takes too much of a "plumbing view" of banking, says an American banking professor employed by the central ... More >>
New listings pickup in September but still lagging - Barfoot
Wednesday, 2 October 2019, 2:50 pm | BusinessDesk
Spring was marked by a lift in new listings in the Auckland residential real estate market and September sales were the highest for that month in three years, according to the city's largest realtor, Barfoot & Thompson. More >>
S&P puts NZ Post on negative credit watch
Wednesday, 2 October 2019, 2:48 pm | BusinessDesk
International ratings agency Standard & Poor's have put New Zealand Post on negative credit watch because of the structural decline in mail volumes and the state-owned enterprise's rising capital spending. More >>
Upstream gas investment needed for renewables back-up
Wednesday, 2 October 2019, 1:48 pm | BusinessDesk
New gas-based businesses may need to be developed to ensure the country has sufficient flexible fuel resources to back up its growing fleet of renewable generation, the Gas Industry Company says. More >>
Dairy product prices edge higher; whole milk powder eases
Wednesday, 2 October 2019, 11:11 am | BusinessDesk
Dairy product prices eked out a gain at the Global Dairy Trade auction, rising for the third time in the past ten auctions, as a decline in whole milk powder limited gains. More >>
