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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 438]
Wellington Electricity extends unbroken run of losses
Monday, 27 March 2017, 2:40 pm | BusinessDesk
March 27 (BusinessDesk) - Wellington Electricity Distribution Network has extended its run of losses since the utility was acquired by Hong Kong billionaire Li Ka-shing in 2008, although the 2016 result was the smallest loss to date. More >>
GeoOp sounds out investor interest for ASX listing
Monday, 27 March 2017, 2:11 pm | BusinessDesk
March 27 (BusinessDesk) - GeoOp, the unprofitable management app developer, wants to delist from the New Zealand stock exchange's alternative market for fledgling companies and migrate to the Australian stock exchange to improve the liquidity of ... More >>
Trump's healthcare stumble points to policy paralysis
Monday, 27 March 2017, 11:53 am | BusinessDesk
March 27 (BusinessDesk) - The New Zealand dollar was little changed against a slightly weaker US dollar after US president Donald Trump failed to win enough support to repeal and replace the Affordable Care Act known as Obamacare, raising questions ... More >>
World Week Ahead: Optimism turns to tax cuts
Monday, 27 March 2017, 11:17 am | BusinessDesk
March 27 (BusinessDesk) - After US President Donald Trump’s failure to garner enough support for the Republican healthcare bill, investors are set to refocus on his attempt to bring about promised tax reform — a key reason for Wall Street’s rally since ... More >>
MARKET CLOSE: NZ shares mixed; Comvita up
Friday, 24 March 2017, 9:00 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed; Comvita up, Genesis gains on gentailer yield, Tegel hurt by chicken glut More >>
NZ dollar little changed as investors await US vote
Friday, 24 March 2017, 8:59 pm | BusinessDesk
March 24 (BusinessDesk) - The New Zealand dollar was little changed on the week and continues to tread water as investors wait to see if the US repeals and replaces the Affordable Care Act known as Obamacare, now viewed as a barometer on whether ... More >>
CBL to buy Affirmative for US$5.7M
Friday, 24 March 2017, 8:57 pm | BusinessDesk
March 24 (BusinessDesk) - CBL Corp wants to add US insurer Affirmative Direct Insurance Company in a US$5.7 million deal which would expand its global footprint to the world's biggest economy. More >>
UPDATE: Hagamans say Little apology not genuine
Friday, 24 March 2017, 8:56 pm | BusinessDesk
March 24 (BusinessDesk) - Defamation proceedings against Labour Party leader Andrew Little by Earl and Lani Hagaman will proceed, even though Little publicly apologised today after the Auditor-General found no link between the couple's political donations ... More >>
Hagamans to proceed with defamation case against Little
Friday, 24 March 2017, 8:55 pm | BusinessDesk
March 24 (BusinessDesk) - Defamation proceedings against Labour Party leader Andrew Little by Earl and Lani Hagaman will proceed, with Little publicly apologising today after the Auditor-General found no link between a donation made by the couple and ... More >>
South Port CEO O'Connor steps down after 17 years
Friday, 24 March 2017, 4:13 pm | BusinessDesk
March 24 (BusinessDesk) - South Port New Zealand chief executive Mark O’Connor is to step down after 17 years running the nation's southernmost deep water port, having led the company to a record profit on record cargo volumes in 2016. More >>
Govt push for FTAs to cover 90% of export goods
Friday, 24 March 2017, 4:10 pm | BusinessDesk
March 24 (BusinessDesk) - The government's newly minted trade agenda wants near-saturation free trade agreement coverage for locally exported goods by 2030, however it doesn't want to pass up opportunities offered by new technology enabling more service exports. More >>
NZ's weak wool market shows some improvement at auction
Friday, 24 March 2017, 3:11 pm | BusinessDesk
March 24 (BusinessDesk) - The weak wool market showed some improvement at the latest New Zealand weekly auction in the South Island yesterday. More >>
NZ Post CFO David Walsh gets the top job
Friday, 24 March 2017, 3:10 pm | BusinessDesk
March 24 (BusinessDesk) - David Walsh will take up the role of chief executive at New Zealand Post from May 1 as the state-owned enterprise shifts its focus away from traditional mail services that are facing shrinking revenue. More >>
NZ's trade deficit narrows in February as dairy exports rise
Friday, 24 March 2017, 2:24 pm | BusinessDesk
March 24 (BusinessDesk) - New Zealand's trade deficit narrowed to $18 million in February but the annual trade deficit was the largest in nearly eight years. More >>
TeamTalk to sell controlling stake in Farmside to Vodafone
Friday, 24 March 2017, 1:41 pm | BusinessDesk
March 24 (BusinessDesk) - Unprofitable telecommunications minnow TeamTalk plans to sell a 70 percent stake in its problematic Farmside rural internet services provider to Vodafone New Zealand for $10 million, almost half what Spark New Zealand is willing ... More >>
Downer raises A$757mln from institutional entitlement offer
Friday, 24 March 2017, 1:24 pm | BusinessDesk
March 24 (BusinessDesk) - Sydney-based Downer EDI said it raised around A$757 million from its institutional entitlement offer, with approximately 66 percent of entitlements being taken up by eligible institutional shareholders. More >>
PM English mounts case for free trade with $90 mln package
Friday, 24 March 2017, 12:49 pm | BusinessDesk
March 24 (BusinessDesk) - Prime Minister Bill English wants to bring the public on board with a new trade strategy that will inject an extra $90 million to chase more deals and build on existing relationships. More >>
NZ govt to spend $35.3M to help primary sector export trade
Friday, 24 March 2017, 12:30 pm | BusinessDesk
March 24 (BusinessDesk) - The government is earmarking $35.3 million of new funding over the next four years to help primary sector exporters trade in overseas markets. More >>
Intueri to exit Australia on March 29
Friday, 24 March 2017, 12:28 pm | BusinessDesk
March 24 (BusinessDesk) - Intueri Education Group, the ailing private training provider, says it will exit the Australian market on March 29, having failed to convince education authorities to re-register its colleges across the Tasman or renew funding. More >>
Labour, Greens pledge fiscal responsibility if elected
Friday, 24 March 2017, 12:04 pm | BusinessDesk
March 24 (BusinessDesk) - The Labour and Green parties are promising to be fiscally responsible if they win the Treasury benches at the September general election and will set up a body independent of government to make sure they stick to their rules. More >>
