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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 445]
NZ dollar falls as Fed remains centre stage
Tuesday, 14 March 2017, 11:58 am | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar fell ahead of the outcome of this week's two-day meeting by Federal Reserve policymakers, which is expected to result in the first of a series of rate hikes this year. More >>
Ultra-fast internet promised to remote locations
Monday, 13 March 2017, 4:25 pm | BusinessDesk
March 10 (BusinessDesk) - The Pacific Islands, remote parts of rural New Zealand and poor but populous parts of eastern Indonesia and Papua New Guinea are target markets for a new satellite-based project that its backers say will bring low-cost, ... More >>
NZ early stage investors have eye on global prize
Monday, 13 March 2017, 3:06 pm | BusinessDesk
March 13 (BusinessDesk) - Entrepreneurs are being encouraged to chase global markets if they want to win backing for their early stage ventures, with investors having their eye firmly set on international markets with little regard for domestic sales. More >>
Heartland completes $40M capital raising
Monday, 13 March 2017, 2:28 pm | BusinessDesk
March 13 (BusinessDesk) - Heartland Bank has completed $40 million of capital raising after its discounted share purchase plan closed more than three times oversubscribed More >>
NZ food prices rise 0.8% in February
Monday, 13 March 2017, 2:27 pm | BusinessDesk
March 13 (BusinessDesk) - New Zealand food prices rose in February on more expensive fruit and vegetables as the end of summer drove up prices for strawberries and lettuce. More >>
NZ house prices firm in February
Monday, 13 March 2017, 1:39 pm | BusinessDesk
March 13 (BusinessDesk) - Median house prices firmed slightly across New Zealand during February with the regions outpacing the nation's largest city of Auckland, according to the Real Estate Institute of New Zealand. More >>
NZ dollar falls to 4-month low against euro
Monday, 13 March 2017, 11:53 am | BusinessDesk
The New Zealand dollar fell to a four-month low against the euro after reports that the European Central Bank may begin raising interest rates even before the end of its quantitative easing programme. More >>
World Week Ahead: Fed rate hike pace
Monday, 13 March 2017, 11:10 am | BusinessDesk
March 13 (BusinessDesk) - Investors will closely watch the US Federal Reserve, which is expected to announce a decision to raise its key interest rate on Wednesday, for any clues about the pace of further rate hikes this year. More >>
MARKET CLOSE: NZ shares rise, led by bounces from NZX
Friday, 10 March 2017, 9:48 pm | BusinessDesk
March 10 (BusinessDesk) - New Zealand shares gained, with NZX, Sky Network Television and Fletcher Building recovering after selling this week. More >>
NZ economy probably grew 0.75% in 4th quarter
Friday, 10 March 2017, 9:46 pm | BusinessDesk
March 10 (BusinessDesk) - New Zealand’s economy likely continued to expand in the fourth quarter of 2016, bolstered by the ongoing surge in migration but weaker output in the primary and manufacturing sectors is tipped to weigh on growth. More >>
NZ dollar ends week down 1.7% as all eyes on Fed
Friday, 10 March 2017, 9:45 pm | BusinessDesk
March 10 (BusinessDesk) - The New Zealand dollar remained out of favor Friday, falling 1.7 percent on the week against the greenback as markets gear up for a rate increase from the U.S. Federal Reserve. More >>
Xero's Asia pathway widens with HSBC, DBS bank feed deals
Friday, 10 March 2017, 9:44 pm | BusinessDesk
March 10 (BusinessDesk) - Xero has extended its global footprint into Asia, signing two major bank feeds in the region that chief executive Rod Drury says will make it much easier for Australasian businesses to export into the region. More >>
Todd Corp deputy chair Malcolm Whyte retires
Friday, 10 March 2017, 9:42 pm | BusinessDesk
March 10 (BusinessDesk) - Todd Corp deputy chairman Malcolm Whyte has retired after 30 years as a director of the holding company for New Zealand’s wealthiest family. More >>
NZ electronic card spending dips in February
Friday, 10 March 2017, 3:14 pm | BusinessDesk
March 10 (BusinessDesk) - New Zealand seasonally adjusted retail spending on electronic cards fell in February, failing to continue January's gain. More >>
Rakon names three new directors in boardroom refresh
Friday, 10 March 2017, 1:09 pm | BusinessDesk
March 10 (BusinessDesk) - Auckland-based Rakon has appointed three new directors the board who will put themselves forward for election by shareholders' at the next annual meeting in a refresh of the high-tech manufacturer governance team. More >>
T&G sells flower business as it shifts focus to fruit sales
Friday, 10 March 2017, 1:00 pm | BusinessDesk
March 10 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany’s BayWa, is selling its FloraMax flower auction business to United Flower Growers for an undisclosed sum. More >>
NZME, Fairfax NZ get another month to convince regulator
Friday, 10 March 2017, 12:24 pm | BusinessDesk
March 10 (BusinessDesk) - NZME and Fairfax New Zealand have got another month to convince the Commerce Commission that allowing a merger of the country's two dominant news publishers is in the public interest. More >>
While you were sleeping: Oil sinks, euro rises
Friday, 10 March 2017, 12:08 pm | BusinessDesk
March 10 (BusinessDesk) - Oil dropped amid intensifying concern about record US stockpiles, while the euro strengthened as European Central Bank President Mario Draghi said risks to the region’s growth have become less pronounced. More >>
NZ dollar falls vs euro as ECB notes improving outlook
Friday, 10 March 2017, 11:43 am | BusinessDesk
March 10 (BusinessDesk) - The New Zealand dollar fell against the euro after the European Central Bank acknowledged the improving economic outlook in the single market region, and dropped below 69 US cents for the first time since January on the expectation ... More >>
MARKET CLOSE: NZ shares fall as Warehouse earnings weigh
Friday, 10 March 2017, 10:01 am | BusinessDesk
March 9 (BusinessDesk) - New Zealand shares dropped Warehouse Group fell on a slump in first-half earnings and Fletcher Building extended its decline, while Genesis Energy and Restaurant Brands rose. More >>
