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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 444]
Conflict of interest awareness important
Wednesday, 15 March 2017, 5:19 pm | BusinessDesk
A future emergency response agency would need to focus on raising awareness about declaring conflicts of interest, with an investigation into the Canterbury Earthquake Recovery Authority ongoing, says the Office of the Auditor-General. More >>
Landcorp Farming posts 1H operating loss
Wednesday, 15 March 2017, 4:13 pm | BusinessDesk
March 15 (BusinessDesk) - Landcorp Farming, the state-owned farmer, posted an operating loss in the first half of its financial year but said higher milk prices mean it expects to be back in the black for the full year. More >>
Rex Bionics in strategic funding discussions
Wednesday, 15 March 2017, 4:11 pm | BusinessDesk
March 15 (BusinessDesk) - Rex Bionics Plc, the New Zealand firm listed on the London Stock Exchange's AIM market, said it will likely require external funding by April to remain a going concern. More >>
Auckland seen as backbone for labour market growth
Wednesday, 15 March 2017, 3:38 pm | BusinessDesk
March 15 (BusinessDesk) - Auckland is expected to deliver the biggest number of new jobs over the next four years as the country's biggest city continues to generate above-average economic growth, says economic consultancy Infometrics. More >>
Vector prepared to support HRV, PowerSmart growth plans
Wednesday, 15 March 2017, 2:50 pm | BusinessDesk
March 15 (BusinessDesk) - Vector will put up the capital needed for its newly acquired home ventilation unit E-Co Products Group, known as HRV, and solar installation division PowerSmart to expand, says chief executive Simon Mackenzie. More >>
NZ current account deficit narrows
Wednesday, 15 March 2017, 2:02 pm | BusinessDesk
March 15 (BusinessDesk) - New Zealand’s current account deficit narrowed in the fourth quarter, partly bolstered by a larger services balance surplus as tourism continues to boom. More >>
Kiwibank cancels A$175M bond issue
Wednesday, 15 March 2017, 12:37 pm | BusinessDesk
March 15 (BusinessDesk) - Kiwibank says it won't continue with the settlement of a proposed A$175 million bond issue after the Reserve Bank said its bonds don't comply with Capital Adequacy Framework requirements. More >>
Vector expands energy service suit
Wednesday, 15 March 2017, 12:10 pm | BusinessDesk
March 15 (BusinessDesk) - Vector has expanded out its suite of energy services with the acquisition of E-Co Products Group, better known as home ventilation firm HRV, and solar power firm PowerSmart, both for undisclosed sums. More >>
Suncorp pays premium to build 19.99% stake in Tower
Wednesday, 15 March 2017, 11:55 am | BusinessDesk
March 15 (BusinessDesk) - ASX-listed insurer Suncorp Group raised the stakes in its takeover tilt for NZX-listed general insurer Tower, paying an ever larger premium to build its stake to 19.99 percent. More >>
NZ dollar little changed in narrow range
Wednesday, 15 March 2017, 11:39 am | BusinessDesk
March 15 (BusinessDesk) - The New Zealand dollar was little changed, remaining in a narrow range of about 0.6 of a US cent that it first entered a week ago, with markets seemingly unwilling to move the currency until the Federal Reserve's rate hike intentions ... More >>
While you were sleeping: Oil, Wall St slide
Wednesday, 15 March 2017, 10:56 am | BusinessDesk
March 15 (BusinessDesk) - Oil prices dropped, with US crude approaching US$47 a barrel, as Saudi Arabia pared some of its production cuts. More >>
NZ dollar little changed in tight range ahead of Fed
Wednesday, 15 March 2017, 9:07 am | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar stuck to a very tight range as the two-day meeting by Federal Reserve policymakers is about to get underway, with all eyes on interest rate projections. More >>
NZ police exercises $1 buyback of Wynyard software
Wednesday, 15 March 2017, 9:05 am | BusinessDesk
March 14 (BusinessDesk) - New Zealand Police has taken up a $1 buyback option for software it sold to failed developer Wynyard Group in 2012. More >>
Maori Party still battling government's RMA power grab
Wednesday, 15 March 2017, 9:04 am | BusinessDesk
March 14 (BusinessDesk) - The Maori Party continues to oppose ministerial override powers included in Resource Management Act reforms that returned to the floor of Parliament today, but says it is continuing to negotiate with the government to preserve ... More >>
MARKET CLOSE: NZ shares fall, led by Precinct, Tegel
Wednesday, 15 March 2017, 9:02 am | BusinessDesk
March 14 (BusinessDesk) - New Zealand shares dropped ahead of an expected interest rate hike this week by the US Federal Reserve, which may help drive up local borrowing costs. Precinct Properties and Tegel Group fell while Briscoe Group gained after ... More >>
Local govt pushes billion dollar bog fund for tourism
Tuesday, 14 March 2017, 5:26 pm | BusinessDesk
March 14 (BusinessDesk) - Local Government New Zealand estimates the country needs to plan for $1.38 billion of new public toilets, carparks, freedom camping facilities, footpaths and other basic infrastructure if the tourism industry is to keep up with ... More >>
Briscoe posts another record profit
Tuesday, 14 March 2017, 4:35 pm | BusinessDesk
March 14 (BusinessDesk) - Briscoe Group lifted annual profit 26 percent to deliver another record profit as the homeware and sporting goods chain bolstered fatter margins with a gain on the sale of a Hastings property and dividends from Kathmandu Holdings. More >>
Regulator dials up new congestion standard for Chorus
Tuesday, 14 March 2017, 2:30 pm | BusinessDesk
March 14 (BusinessDesk) - The Commerce Commission wants to keep closer tabs on congestion over the country's copper telecommunications network to make sure the quality of service is maintained as the volume of broadband traffic grows. More >>
Partial takeover of Airwork Holdings unconditional
Tuesday, 14 March 2017, 1:47 pm | BusinessDesk
March 14 (BusinessDesk) - A partial takeover of Airwork Holdings by Chinese group Zhejiang Rifa Holding Group has been declared unconditional and Rifa must now pay accepting shareholders within seven days. More >>
Energy Mad on the block as board mulls firm's future
Tuesday, 14 March 2017, 12:58 pm | BusinessDesk
March 14 (BusinessDesk) - Energy Mad, the energy efficient light bulb maker and marketer, is up for sale as the company's board weighs up the future of the business. More >>
