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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 418]
NZX wants best practice in the boardroom with new governance
Wednesday, 10 May 2017, 3:47 pm | BusinessDesk
May 10 (BusinessDesk) - NZX says it wants international best practice in the boardrooms of publicly listed companies with the release of a new corporate governance code set to come into effect from October. More >>
NZ guest nights dropped in March
Wednesday, 10 May 2017, 2:41 pm | BusinessDesk
May 10 (BusinessDesk) - New Zealand national guest nights dropped in March, as the busy Easter holiday period fell in April this year. More >>
Grocery and liquor retailing lift spending in April
Wednesday, 10 May 2017, 2:32 pm | BusinessDesk
May 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose in April on higher consumption of groceries and liquor, adding to expectations the central bank will signal an earlier interest rate increase at Thursday's review than previously ... More >>
Increased taxes, lower spend helps swell government coffers
Wednesday, 10 May 2017, 1:15 pm | BusinessDesk
May 10 (BusinessDesk) - Increased revenue from taxes and lower expenses boosted the government's operating surplus above its forecasts in the first nine months of the financial year. More >>
PWC helped firm skirt insolvency while acting as auditor
Wednesday, 10 May 2017, 12:25 pm | BusinessDesk
May 10 (BusinessDesk) - PricewaterhouseCoopers advised Property Ventures (PVL) on ways to continue trading when by some accounts it was insolvent while at the same time giving David Henderson's failed property development company a clean bill of ... More >>
NZ dollar gains vs yen
Wednesday, 10 May 2017, 11:58 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar gained against the yen as upbeat investor confidence dimmed demand for the relative safety of Japan's currency and held its own against a stronger greenback ahead of tomorrow's interest rate review. More >>
NZ tech sector attracts record offshore investment
Wednesday, 10 May 2017, 11:56 am | BusinessDesk
May 9 (BusinessDesk) - New Zealand's technology sector saw record growth in funding, driven by overseas investors in the year to March, according to the second annual Investors' Guide to the New Zealand Technology Sector. More >>
While you were sleeping: Concern about complacency
Wednesday, 10 May 2017, 10:41 am | BusinessDesk
May 10 (BusinessDesk) - Wall Street was mixed, after touching record highs earlier in the day, as the price of oil fell and the US dollar rose. More >>
MARKET CLOSE: NZ shares fall, Comvita continues to weigh
Tuesday, 9 May 2017, 8:54 pm | BusinessDesk
May 9 (BusinessDesk) - New Zealand stocks fell, weighed by ongoing worries about Comvita, weaker sentiment across the Tasman as banking stocks took a tumble, as well as some profit taking in blue-chips like Fletcher Building and Ebos Group. More >>
NZ dollar gains vs Aust dollar as investors rethink
Tuesday, 9 May 2017, 8:54 pm | BusinessDesk
May 9 (BusinessDesk) - The New Zealand dollar hit a two-month high against its trans-Tasman counterpart after weaker than expected consumer spending in Australia saw investors rethink the interest rate paths for the two nations. More >>
NZ TechWeek underway
Tuesday, 9 May 2017, 8:53 pm | BusinessDesk
May 9 (BusinessDesk) - Techweek'17 is underway across New Zealand, with more than 100 events held in 27 towns and cities from Whangarei to Hokitika aimed at showcasing innovation, networking and raising awareness. More >>
Energy Mad enters deal to sell its assets
Tuesday, 9 May 2017, 8:52 pm | BusinessDesk
May 9 (BusinessDesk) - Energy Mad, the energy efficient light bulb maker and marketer, has entered an agreement relating to the sale and purchase of its assets with a proposed settlement date of Nov. 17. More >>
Resilient NZ banking sector could use deeper capital buffers
Tuesday, 9 May 2017, 4:47 pm | BusinessDesk
May 9 (BusinessDesk) - New Zealand's major banks should be able to withstand a severe economic downturn, with profits helping cushion the blow, but could use deeper capital buffers, says the International Monetary Fund. More >>
Crunch time approaches for Ruataniwha water storage scheme
Tuesday, 9 May 2017, 3:28 pm | BusinessDesk
May 9 (BusinessDesk) - A decision on the future of the controversial Ruataniwha water storage scheme in the Hawke's Bay is looming, with Hawke's Bay Regional Council set to consider a review on its risks at a special meeting tomorrow. More >>
Briscoe cedes some gross margin in first quarter
Tuesday, 9 May 2017, 1:56 pm | BusinessDesk
May 9 (BusinessDesk) - Briscoe Group, which reported yet another record profit in March, gave up some margin in its homeware chain to boost sales in the first quarter. More >>
Abano forecasts 2017 annual profit as dental chain grows
Tuesday, 9 May 2017, 1:13 pm | BusinessDesk
May 9 (BusinessDesk) - Abano Healthcare, the Australasian radiology and dental centre operator, expects to deliver a second consecutive annual profit this year as it benefits from growing its dental chain. More >>
Westpac, BNZ see sense in RBNZ's capital review
Tuesday, 9 May 2017, 1:11 pm | BusinessDesk
May 9 (BusinessDesk) - Westpac New Zealand and Bank of New Zealand are relatively sanguine about the need for the Reserve Bank's review of required capital levels to boost confidence in the solvency of the banking system, but see the regulator's ... More >>
IMF sees heightened risk of overheating economy
Tuesday, 9 May 2017, 1:08 pm | BusinessDesk
May 9 (BusinessDesk) - The International Monetary Fund sees a heightened risk of New Zealand's economy getting too much of a lift from migration or strong terms of trade, which could overcook growth and reignite rapid gains in house prices. More >>
NZ dollar holds gains as Macron win in France stokes optimism
Tuesday, 9 May 2017, 11:38 am | BusinessDesk
May 9 (BusinessDesk) - The New Zealand dollar held on to yesterday's gains as Emmanuel Macron's emphatic victory in the French presidential election underpinned investor optimism, with Wall Street's fear gauge at a 10-year low. More >>
While you were sleeping: Wall St inches to records
Tuesday, 9 May 2017, 11:14 am | BusinessDesk
May 9 (BusinessDesk) - Wall Street was mixed, after climbing to record highs earlier in the day, following the French presidential elections. More >>
