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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 400]
Reserve Bank tipped to hold and stick to neutral bias
Friday, 16 June 2017, 6:53 pm | BusinessDesk
June 16 (BusinessDesk) – Reserve Bank governor Graeme Wheeler is expected to keep rates on hold at next week's review and stick firmly to a neutral stance, in particular after softer-than-expected first quarter economic growth. More >>
UPDATE: Moray Place, Dunedin cordons stood down
Friday, 16 June 2017, 6:28 pm | BusinessDesk
The suspicious package at Moray Place, Dunedin has been rendered safe and there was found to be no threat. More >>
NZ manufacturing activity expands in May
Friday, 16 June 2017, 2:08 pm | BusinessDesk
June 16 (BusinessDesk) – New Zealand's manufacturing activity expanded in May, reaching the highest value since January 2016 and boding well for second-quarter economic growth. More >>
Allied Farmers shares jump 23% on soaring livestock sales
Friday, 16 June 2017, 1:35 pm | BusinessDesk
June 16 (BusinessDesk) – Allied Farmers shares jumped 23 percent after the rural services firm raised annual earnings guidance on a much stronger pick-up in livestock sales than expected. More >>
Ryman secures 4.5ha site in Henderson
Friday, 16 June 2017, 12:27 pm | BusinessDesk
June 16 (BusinessDesk) – Ryman Healthcare, whose retirement village portfolio was valued at $3.66 billion as at March 31, has secured a 4.5 hectare site in Henderson, West Auckland to target retiring Westies it says are under-supplied with options. More >>
A2 raises annual sales guidance on new production
Friday, 16 June 2017, 12:26 pm | BusinessDesk
June 16 (BusinessDesk) – A2 Milk Co lifted annual sales guidance for the second time in as many months as it beefed up production to meet sweltering Chinese demand for infant formula. More >>
NZ dollar falls vs pound on split BOE over rate hike
Friday, 16 June 2017, 11:48 am | BusinessDesk
June 16 (BusinessDesk) – The New Zealand dollar declined against the pound after the Bank of England policy committee kept rates on hold but with a split vote, while it fell against the US dollar in the wake of yesterday Federal Reserve statement ... More >>
While you were sleeping: Second-guessing the Fed
Friday, 16 June 2017, 10:44 am | BusinessDesk
June 16 (BusinessDesk) – Wall Street and US Treasuries retreated a day after the Federal Reserve announced an increase in interest rates as investors second-guessed the central bank’s assessment of the outlook for inflation. More >>
NZ dollar falls from 4-month high on weak GPD
Thursday, 15 June 2017, 8:44 pm | BusinessDesk
NZ dollar falls from 4-month high on weak GPD, OECD's housing bubble concerns More >>
MARKET CLOSE: NZ shares edge up; Genesis gains on thermal
Thursday, 15 June 2017, 8:43 pm | BusinessDesk
June 15 (BusinessDesk) – New Zealand shares edged up in light trading as the lead-up up to the end of the June financial year has investors waiting on earnings updates. Genesis Energy gained as the power company's thermal assets look set to insulate ... More >>
Finance Minister Joyce says more work needed on personal tax
Thursday, 15 June 2017, 8:40 pm | BusinessDesk
June 15 (BusinessDesk) – Finance Minister Steven Joyce still has income tax in his sights where he sees more room to move on marginal rates but hasn't put a priority on company taxation which the Organisation for Economic Cooperation and Development ... More >>
Ventia awarded $266M contract with Auckland Council
Thursday, 15 June 2017, 4:53 pm | BusinessDesk
June 15 (BusinessDesk) – Australian contractor Ventia has been awarded a $266 million deal with Auckland Council to manage facilities in two of the supercity's five regions. More >>
2.4% gain in primary sector exports this year: MPI
Thursday, 15 June 2017, 3:21 pm | BusinessDesk
June 15 (BusinessDesk) – Growth in exports of dairy products, forestry and horticulture are projected to drive a 2.4 percent increase in New Zealand's primary sector exports in the June 2017 year, up from the 1.4 percent growth seen three months ago, according ... More >>
Low productivity presents long-term challenges to growth
Thursday, 15 June 2017, 2:44 pm | BusinessDesk
June 14 (BusinessDesk) - New Zealand's low levels of productivity present long-term challenges to an economy with a strong short-term outlook, and policymakers should cut corporate taxes, free up foreign investment, expand infrastructure funding sources ... More >>
Three men found guilty of pokie fraud
Thursday, 15 June 2017, 2:41 pm | BusinessDesk
June 15 (BusinessDesk) – Three men have been found guilty in a multi-million dollar gaming machine fraud case, after manipulating gambling licences and grants. More >>
Three men found guilty of pokie fraud
Thursday, 15 June 2017, 2:41 pm | BusinessDesk
June 15 (BusinessDesk) – Three men have been found guilty in a multi-million dollar gaming machine fraud case, after manipulating gambling licences and grants. More >>
NZ economy grows smaller-than-expected 0.5% in 1st qtr
Thursday, 15 June 2017, 2:05 pm | BusinessDesk
June 15 (BusinessDesk) – New Zealand's economy grew at a slower pace than expected in the first three months of the year as building activity and investment shrank, offsetting a recovery in milk production which spurred agriculture. More >>
Cooks widens loss, revenue falls in 2016
Thursday, 15 June 2017, 1:41 pm | BusinessDesk
June 15 (BusinessDesk) – Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside of New Zealand and Australia, posted a wider net loss and lower revenue in 2016 as it wrote down the value of its Chinese assets. More >>
Investors buy Balex Marine from liquidators
Thursday, 15 June 2017, 1:06 pm | BusinessDesk
June 15 (BusinessDesk) – Two expat Kiwi businessmen who participated in Balex Marine's $330,000 equity crowdfunding last year have bought the automatic boat loader's assets from the liquidator for an undisclosed sum. More >>
NZ dollar gains as Fed sticks to script with rate hike
Thursday, 15 June 2017, 12:06 pm | BusinessDesk
June 15 (BusinessDesk) – The New Zealand dollar rose after weaker-than-expected US economic data and as the Federal Reserve raised its key interest rate as expected and affirmed its track for a further hike this year. More >>
