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 44]
NZ dollar steady as US stirs EU trade tensions
Wednesday, 3 July 2019, 11:19 am | BusinessDesk
July 3 (BusinessDesk) - The New Zealand dollar largely held its gains as the greenback faced headwinds after the US threatened to impose more tariffs on European goods. More >>
Dairy product price index dips for fourth straight auction
Wednesday, 3 July 2019, 10:46 am | BusinessDesk
July 3 (BusinessDesk) - The index for dairy product prices fell at the Global Dairy Trade auction, declining a fourth consecutive time, as whole milk powder prices continued their fall. More >>
QV watching for impact of healthy homes law
Wednesday, 3 July 2019, 10:19 am | BusinessDesk
July 3 (BusinessDesk) - Quotable Value has a watching brief on whether new law requiring proper insulation on rental properties will drive up rents as expected, at a time when Auckland's slowing housing market is dragging down national prices. More >>
Kiwi eases against Aussie
Tuesday, 2 July 2019, 8:48 pm | BusinessDesk
July 2 (BusinessDesk) - The New Zealand dollar eased against the Aussie after the Reserve Bank of Australia noted signs of improvement in that country's housing market and reiterated its view on inflation for 2020. More >>
Townhouses boost NZ building permits to 45-yr high
Tuesday, 2 July 2019, 3:32 pm | BusinessDesk
July 2 (BusinessDesk) - Townhouses boosted New Zealand residential building consents to their highest level in 45 years. More >>
Heartland backs Reserve Bank capital proposals
Tuesday, 2 July 2019, 2:56 pm | BusinessDesk
July 2 (BusinessDesk) - Heartland Bank expects to see a more competitive landscape if the Reserve Bank goes ahead with plans restricting the big four Australian-owned banks' use of internal models to calculate how much capital they need to hold. More >>
Agri-tech sector to pioneer govt transformation strategy
Tuesday, 2 July 2019, 1:47 pm | BusinessDesk
July 2 (BusinessDesk) - Agricultural technology should be one of New Zealand's leading sources of high-value jobs, exports and improved farming practice, but has failed to grow much in the last decade, prompting the government to make it the focus of ... More >>
NZ business confidence hits 10-year low
Tuesday, 2 July 2019, 1:15 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand business confidence fell to more than a 10-year low in the June quarter, with manufacturers the gloomiest sector. More >>
NZ joins like-minded countries to promote cyber security
Tuesday, 2 July 2019, 1:05 pm | BusinessDesk
July 2 (BusinessDesk) - New Zealand's government will buddy up with like-minded countries to build a rules-based order supporting a peaceful and stable online environment at a time when state-sponsored cyber attacks are on the rise. More >>
NZ dollar falls against greenback
Tuesday, 2 July 2019, 11:06 am | BusinessDesk
July 2 (BusinessDesk) - The New Zealand dollar fell as the greenback strengthened but remained firm against the Aussie ahead of the Reserve Bank of Australia's rate decision later today. More >>
MARKET CLOSE: NZ shares fall as yield plays ease
Monday, 1 July 2019, 8:50 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand shares fell as several energy and infrastructure firms eased from all-time highs in a quiet start to the September quarter. More >>
NZ dollar pushes higher against Aussie ahead of RBA decision
Monday, 1 July 2019, 8:18 pm | BusinessDesk
July 1 (BusinessDesk) - The kiwi dollar rose against its trans-Tasman counterpart ahead of the Reserve Bank of Australia’s rate decision tomorrow but the gains were tempered by weak data out of China. More >>
Mild weather trims Orion's full-year profit
Monday, 1 July 2019, 8:14 pm | BusinessDesk
July 1 (BusinessDesk) - Orion New Zealand, the country’s third-largest power distributor, says full-year profit was about $2.5 million lower than target due to mild weather and a tough year for the firm’s Connetics contracting arm. More >>
PM dishes a light bank-bashing in response to ANZ claims
Monday, 1 July 2019, 7:55 pm | BusinessDesk
July 1 (BusinessDesk) - Prime Minister Jacinda Ardern took an opportunity to show how low the ANZ Bank's stocks have fallen with the government, turning a question about the bank's fears about the impact on the economy of Reserve Bank capital-holding ... More >>
BNZ will need to raise new equity under RBNZ proposals
Monday, 1 July 2019, 6:45 pm | BusinessDesk
July 1 (BusinessDesk) - Bank of New Zealand says it will need to raise equity if the Reserve Bank's proposals for stricter capital requirements go ahead, and may not be able to rely on parent National Australia Bank. More >>
Turners invests in Australian car-sharing business
Monday, 1 July 2019, 4:31 pm | BusinessDesk
July 1 (BusinessDesk) - Turners Automotive Group is investing A$1 million into ASX-listed Collaborate Corporation, a tech-focused car-sharing and vehicle subscription business based in Australia. More >>
Smiths City narrows FY loss as finance offsets soft retail
Monday, 1 July 2019, 2:00 pm | BusinessDesk
July 1 (BusinessDesk) - Smiths City narrowed its full-year loss as growth in same-store sales and a strong performance from its finance arm offset softer retail demand in the second half of the year. More >>
Abano shares rise 10% on dental sector consolidation
Monday, 1 July 2019, 1:50 pm | BusinessDesk
July 1 (BusinessDesk) - Abano Healthcare shares rose 10 percent as the medical investor considers "various expressions of interest" as the Australian dental sector faces consolidation. More >>
Reserve Bank to ease lending restrictions if risks decline
Monday, 1 July 2019, 1:05 pm | BusinessDesk
July 1 (BusinessDesk) - The Reserve Bank will loosen its curbs on mortgage lending provided it sees stable household debt-to-income levels, prudent lending standards from banks, and moderating house price inflation. More >>
Allied Farmers plans 10-to-1 share consolidation
Monday, 1 July 2019, 12:31 pm | BusinessDesk
July 1 (BusinessDesk) - Allied Farmers announced a 10-to-one share consolidation, a move which will shrink the number of shares on issue and boost the per share price. More >>
