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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 43]
MARKET CLOSE: NZ shares rise on threat of US rate cut
Thursday, 4 July 2019, 8:50 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as threat of US rate cut keeps yield in demand; Fonterra sinks More >>
NZ dollar holds gains against Aussie despite fiscal stimulus
Thursday, 4 July 2019, 8:19 pm | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar held its gains against the Aussie despite the Australian government joining the central bank in attempting to jump-start the economy there. More >>
Merge, corporatise suppliers to fix three waters
Thursday, 4 July 2019, 7:07 pm | BusinessDesk
July 4 (BusinessDesk) - Council-owned and operated water suppliers should be merged and corporatised if they can't improve on their own, the Productivity Commission says. More >>
Vector eyes late-life EV batteries for home storage
Thursday, 4 July 2019, 5:18 pm | BusinessDesk
July 4 (BusinessDesk) - Vector, the country’s biggest power distributor, is investigating ways to use late-life batteries from electric vehicles as a cheap form of energy storage for homes and businesses. More >>
Westland shareholders strongly back Yili takeover
Thursday, 4 July 2019, 4:31 pm | BusinessDesk
July 4 (BusinessDesk) - Westland Co-Operative Dairy Company shareholders overwhelmingly supported a takeover bid by Hongkong Jingang Trade Holding, a unit of Inner Mongolia Yili Industrial Group Co. More >>
Blue Sky reports best result in 8 years
Thursday, 4 July 2019, 3:19 pm | BusinessDesk
July 4 (BusinessDesk) - Southland meat processor and marketer Blue Sky Meats says the year to March was its best result in eight years as a strategic plan bore fruit. More >>
TruScreen's $2M bookbuild extended
Thursday, 4 July 2019, 2:49 pm | BusinessDesk
July 4 (BusinessDesk) - Potential investors in TruScreen want to see chief executive Martin Dillon in person before backing a $2 million capital raising. More >>
Agria in for $104 mln payday in Wrightson capital return
Thursday, 4 July 2019, 12:55 pm | BusinessDesk
July 4 (BusinessDesk) - Chinese agricultural firm Agria will pocket almost $104 million in PGG Wrightson's $234 million capital return. More >>
Re-opening Stratford-Okahukura line priority for KiwiRail
Thursday, 4 July 2019, 12:10 pm | BusinessDesk
July 4 (BusinessDesk) - A $40 million project to reopen the mothballed Stratford to Okahukura rail line is a priority for new KiwiRail chief executive Greg Miller. More >>
NZ dollar extends gain on soft US data
Thursday, 4 July 2019, 11:14 am | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar firmed as more soft data out of the US added to expectations the Federal Reserve will cut rates later this month. More >>
RBNZ will have to be more sceptical in regulatory oversight
Thursday, 4 July 2019, 10:20 am | BusinessDesk
July 4 (BusinessDesk) - Reserve Bank governor Adrian Orr says the prudential supervisor will have to be more sceptical in its oversight of the insurance and banking sectors given the lack of self-discipline shown in the CBL Insurance case. More >>
MARKET CLOSE: NZ shares led higher by exporters
Wednesday, 3 July 2019, 9:26 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand shares rose in light trading ahead of the US Independence Day holiday, with exporters Kathmandu Holdings and A2 Milk Co leading the market higher. More >>
NZ dollar tad higher as greenback remains out of favour
Wednesday, 3 July 2019, 8:19 pm | BusinessDesk
July 3 (BusinessDesk) - The New Zealand dollar firmed slightly as investors fret about the impact of trade tensions on global growth and look ahead to US jobs data later in the week. More >>
Robertson calls for maturity in bank capital debate
Wednesday, 3 July 2019, 8:17 pm | BusinessDesk
July 3 (BusinessDesk) - Finance Minister Grant Robertson has waded into the Reserve Bank's contentious bank capital proposals to remind "all parties" that they are still being consulted on in a process that requires "mature debate". More >>
CBL failure a 'dramatic' example of need for supervision
Wednesday, 3 July 2019, 4:47 pm | BusinessDesk
July 3 (BusinessDesk) - The failure of CBL Insurance was a "dramatic" example of the inadequacies of prudential regulation and supervision for insurers and backs the case for greater resourcing, according to a report on how the Reserve Bank handled ... More >>
NZ commodity prices post first decline in 2019
Wednesday, 3 July 2019, 4:20 pm | BusinessDesk
July 3 (BusinessDesk) - New Zealand commodity prices fell for the first time this year last month, dragged down by weaker dairy prices, ANZ Bank's latest monthly commodity index shows. More >>
NZX on-market trading recovers in June
Wednesday, 3 July 2019, 2:50 pm | BusinessDesk
July 3 (BusinessDesk) - The value of share trading through the formal stock exchange recovered in June, with increased activity albeit on a smaller turnover. More >>
Cannasouth to receive Callaghan funding
Wednesday, 3 July 2019, 2:28 pm | BusinessDesk
July 3 (BusinessDesk) - Medicinal cannabis company Cannasouth will receive funding from Callaghan Innovation to support two of its research programmes. More >>
Pushpay launches bookbuild to sell $45.3 m stake in company
Wednesday, 3 July 2019, 2:26 pm | BusinessDesk
July 3 (BusinessDesk) - Digital church collection payment operator Pushpay Holdings has launched a fully underwritten bookbuild to sell 12.24 million shares, or 4.45 percent of issued capital, as former chief executive Chris Heaslip transitions to ... More >>
Geo notes June sales lift, confirms FY guidance
Wednesday, 3 July 2019, 12:43 pm | BusinessDesk
July 3 (BusinessDesk) - Workforce management software company Geo says licence sales rose in the June quarter on the back of new features added to its core product in the period. More >>
