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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 407]
Government announces final details of Telecommunications Act
Thursday, 1 June 2017, 12:43 pm | BusinessDesk
June 1 (BusinessDesk) - The government has announced the final details of the reform package for the Telecommunications Act that refines regulatory settings that will apply to fibre and copper fixed line services from 2020. More >>
Data gaps hamper understanding of Asian investment
Thursday, 1 June 2017, 12:36 pm | BusinessDesk
June 1 (BusinessDesk) - Government efforts to attract foreign investors would benefit from greater strategic focus, the Asia-New Zealand Foundation says in a new report that finds big gaps in official statistics measuring where investment comes from, ... More >>
NZ property values rise at the slowest pace in two years
Thursday, 1 June 2017, 12:34 pm | BusinessDesk
June 1 (BusinessDesk) - New Zealand property values increased at the slowest pace in two years in May, with the steam starting to come out of Auckland's heated housing market, according to state-owned valuer Quotable Value. More >>
Cavalier projects $2M loss for FY17
Thursday, 1 June 2017, 12:32 pm | BusinessDesk
June 1 (BusinessDesk) - Cavalier Corp's outlook has deterioriated further since its last earnings downgrade in February and the carpet maker is warning it now expects to post a loss of around $2 million on a normalised earnings after tax basis in the ... More >>
NZ dollar rises to 4-month high vs Aussie
Thursday, 1 June 2017, 12:00 pm | BusinessDesk
June 1 (BusinessDesk) - The New Zealand dollar rose to a four-month high against the Australian dollar on optimism the local economic outlook favours the kiwi over its trans-Tasman counterpart. More >>
NZ lifts ranking in global survey of flight prices
Thursday, 1 June 2017, 11:30 am | BusinessDesk
June 1 (BusinessDesk) - Malaysia offers the least expensive flight prices while Belgium is the most expensive, according to online travel agency Kiwi.com’s second annual flight price index. More >>
While you were sleeping: Banks drop on revenue updates
Thursday, 1 June 2017, 10:54 am | BusinessDesk
June 1 (BusinessDesk) - Wall Street weakened as bank stocks fell following disappointing revenue updates from JPMorgan Chase and Bank of America. More >>
MARKET CLOSE: NZ shares rise, led by Trustpower and Xero
Wednesday, 31 May 2017, 9:25 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Trustpower and Xero; turnover gains on index changes, More >>
NZ dollar rises on business confidence
Wednesday, 31 May 2017, 9:24 pm | BusinessDesk
May 31 (BusinessDesk) - The New Zealand dollar rose as a pickup in business confidence and stronger-than-expected Chinese manufacturing data added to positive sentiment for the kiwi. More >>
RBNZ to add debt-to-income limit to property toolkit
Wednesday, 31 May 2017, 4:54 pm | BusinessDesk
May 31 (BusinessDesk) - New Zealand's central bank expects to publish a consultation paper within the next couple of weeks to add debt-to-income limits to its suite of macroprudential tools but it may not actually need them. More >>
NZ business confidence rises in May
Wednesday, 31 May 2017, 4:42 pm | BusinessDesk
May 31 (BusinessDesk) - New Zealand business confidence rose in May and firms saw rising exports, employment, profits, prices and inflation, suggesting the domestic economy continues to enjoy reasonable growth. More >>
ExxonMobil NZ division turns to $91m profit in 2016
Wednesday, 31 May 2017, 4:41 pm | BusinessDesk
May 31 (BusinessDesk) - The New Zealand division of ExxonMobil, the world's largest publicly traded oil and gas company, turned from a loss to a $91 million profit in 2016, bolstered by the impact of increasing oil prices on inventories in the year. More >>
NPT annual profit falls 63%
Wednesday, 31 May 2017, 1:22 pm | BusinessDesk
May 31 (BusinessDesk) - NPT, the listed property investor, posted a 63 percent drop in annual profit after some of its properties reduced in value and it faced extra costs from a proposed deal with Kiwi Property Group that didn't proceed. More >>
NZ financial system sound, still faces risks
Wednesday, 31 May 2017, 12:48 pm | BusinessDesk
May 31 (BusinessDesk) - New Zealand's financial system is sound but housing market vulnerabilities remain a key risk and the central bank still wants to curb high debt-to-income lending if necessary, it said in its twice-yearly financial stability report. More >>
Metlifecare names Richard Thomson as chief financial officer
Wednesday, 31 May 2017, 12:41 pm | BusinessDesk
May 31 (BusinessDesk) - Metlifecare has named Richard Thomson, Air New Zealand's general manager commercial, as chief financial officer starting in mid-September. More >>
NZ dollar rises above 71 US cents
Wednesday, 31 May 2017, 11:58 am | BusinessDesk
May 31 (BusinessDesk) - The New Zealand dollar rose above 71 US cents for the first time since early March after weak US data raised doubts about further Federal Reserve interest rate hikes after one expected in June. More >>
While you were sleeping: Wall St moves lower
Wednesday, 31 May 2017, 10:58 am | BusinessDesk
Investors are focused on the latest US jobs data, with Friday’s government nonfarm payrolls report expected to show a gain of 185,000 positions expected, according to a Bloomberg poll. More >>
MARKET CLOSE: NZ stocks down, Orion falls
Tuesday, 30 May 2017, 9:05 pm | BusinessDesk
May 30 (BusinessDesk) - New Zealand shares were virtually unchanged today in weak trading, with Orion Health Group dropping on capital raising news while Mainfreight gained after posting a record annual profit. More >>
NZ dollar holds near highest in almost 4 months vs Aussie
Tuesday, 30 May 2017, 9:04 pm | BusinessDesk
NZ dollar holds near highest in almost 4 months vs Aussie as parity talk re-appears More >>
Serco NZ narrows annual loss, budgets $3.2m more for Mt Eden
Tuesday, 30 May 2017, 9:03 pm | BusinessDesk
May 30 (BusinessDesk) - Serco New Zealand, which operates Wiri Prison in South Auckland, narrowed its loss in 2016 despite the loss of the Mt Eden prison contract costing it an estimated extra $3.2 million in penalty charges. More >>
