Scoop has an Ethical Paywall
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 431]
MARKET CLOSE: NZ shares inch lower on investor jitters
Monday, 10 April 2017, 11:13 pm | BusinessDesk
April 10 (BusinessDesk) - New Zealand shares pulled back slightly as geopolitical tensions kept some investors on the sidelines while others looked to re-allocate some assets at the start of the new financial year. More >>
Russel Norman was among activists who jumped into sea
Monday, 10 April 2017, 4:26 pm | BusinessDesk
April 10 (BusinessDesk) - Greenpeace says its New Zealand executive director Russel Norman was among activists who jumped into the sea to try to thwart deepwater seismic testing for oil 50 nautical miles off the Wairarapa coast. More >>
Change at top of Kiwibank board not due to dissatisfaction
Monday, 10 April 2017, 3:17 pm | BusinessDesk
April 10 (BusinessDesk) - The sudden departure of Kiwibank's chairman and deputy chair just days after shareholders answered a call for additional equity funding doesn't reflect any dissatisfaction about the state-owned bank's governance, a spokesman ... More >>
NZ lamb supply shortage drives up prices
Monday, 10 April 2017, 3:16 pm | BusinessDesk
April 10 (BusinessDesk) - A drop in slaughter rates in New Zealand, the world's largest exporter of lamb meat, has pushed up prices to multi-year highs in export markets. More >>
Arowana rep Nico Marx to leave Intueri board for Singapore
Monday, 10 April 2017, 2:42 pm | BusinessDesk
April 10 (BusinessDesk) - Arowana Education Group investment director Nico Marx will leave the board of ailing New Zealand private training organisation Intueri Education this month to take up a new job in Singapore. More >>
Michael Hill 9-month total store sales rise 5.5%
Monday, 10 April 2017, 2:40 pm | BusinessDesk
April 10 (BusinessDesk) - Michael Hill International's newly opened stores in Australia and Canada helped drive a 5.5 percent increase in sales in the first nine months of its financial year, outpacing an increase in same-store revenue as trading in ... More >>
Susan Macken named as new chair of Kiwibank
Monday, 10 April 2017, 12:47 pm | BusinessDesk
April 10 (BusinessDesk) - Kiwibank chairman Rob Morrison and deputy chair Rhoda Phillippo have resigned, with current director Susan Macken named as Morrison's replacement. The resignations are effective as of the state-owned lender's board meeting on Thursday. More >>
NZX's acting CEO Mark Peterson gets top job
Monday, 10 April 2017, 12:05 pm | BusinessDesk
April 10 (BusinessDesk) - NZX acting chief executive Mark Peterson will take over the reins full-time effective immediately and has been tasked with growing the business to compete more effectively both at home and abroad. More >>
NZ dollar drops to 4-week low after hawkish Fed comments
Monday, 10 April 2017, 12:03 pm | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar fell to its lowest level in almost four weeks after New York Fed President William Dudley said he didn't expect the central bank to delay raising interest rates in order to shrink its balance sheet. More >>
World Week Ahead: US earnings season
Monday, 10 April 2017, 11:27 am | BusinessDesk
April 10 (BusinessDesk) - In a week shortened to four days by Good Friday, investors will look to the pending US earnings season as a reality check on valuations. More >>
Bank governor to get 'mates' under Labour monetary policy
Monday, 10 April 2017, 11:24 am | BusinessDesk
April 10 (BusinessDesk) - A Labour Party-led government would end the Reserve Bank governor's 'single decision-maker' power over monetary policy settings, moving to a system more akin to that used in Australia and other countries, with decision-making ... More >>
NZ shares end lower on regional jitters
Friday, 7 April 2017, 9:25 pm | BusinessDesk
April 7 (BusinessDesk) - New Zealand shares fell as investors likely freed up funds to buy Metlifecare after Infratil opted to sell its stake and on regional jitters after the U.S. launched cruise missiles at a Syrian airbase in response to a recent ... More >>
NZ dollar falters vs yen after US strike on Syria
Friday, 7 April 2017, 9:24 pm | BusinessDesk
April 7 (BusinessDesk) - The New Zealand dollar faltered against the yen after a US missile strike against the Syrian regime, sapping risk appetite and stoking demand for safe-havens such as Japan's currency and US Treasuries. More >>
APM Workcare takes riskier tranche in social bond pilot
Friday, 7 April 2017, 9:23 pm | BusinessDesk
April 7 (BusinessDesk) - APM Workcare took on the riskier tranche of debt in the government's pilot social bond, which officials see as indicating the Australian-owned vocational rehabilitation and disability services firm's confidence in delivering ... More >>
Rabobank sees stable dairy prices until late 2017
Friday, 7 April 2017, 7:03 pm | BusinessDesk
April 7 (BusinessDesk) - Rabobank is expecting prices for dairy commodities to remain broadly stable at least until the second half of 2017 but notes "hesitation" in the market as the uncertain outlook for production, foreign exchange markets and ... More >>
NZ Post, Super Fund, ACC to pour $247 million into Kiwibank
Friday, 7 April 2017, 6:36 pm | BusinessDesk
April 7 (BusinessDesk) - Kiwibank shareholders New Zealand Post, the New Zealand Superannuation Fund and Accident Compensation Corp will pour in a collective $247 million to make sure the state-owned bank's capital stays within the regulator's ... More >>
Banking sector still vulnerable to money laundering
Friday, 7 April 2017, 3:42 pm | BusinessDesk
April 7 (BusinessDesk) - New Zealand's banking sector remains vulnerable to potential money laundering and terrorism financing risks, says the Reserve Bank in its latest assessment. More >>
Wet, wild weather pushes up dairy future prices
Friday, 7 April 2017, 3:18 pm | BusinessDesk
April 7 (BusinessDesk) - Heavy rains across New Zealand this week have pushed up the price of NZX whole milk powder futures, as traders anticipate slower grass growth will dent future milk production. More >>
US investor Charles Banks, charged with fraud
Friday, 7 April 2017, 2:02 pm | BusinessDesk
US investor Charles Banks, charged with fraud, could lose Trinity Hill winery stake, OIO says More >>
NZ wool auction records lowest clearance rate in almost 8yr
Friday, 7 April 2017, 1:59 pm | BusinessDesk
April 7 (BusinessDesk) - New Zealand's wool market remains weak, with the lowest clearance rate in almost eight years recorded at the latest weekly auction. More >>
