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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 447]
UPDATE: NZX reopens after 1.5 hour delay
Wednesday, 8 March 2017, 2:56 pm | BusinessDesk
March 8 (BusinessDesk) - New Zealand's stock market has reopened after IT connection problems caused an hour-and-a-half delay. More >>
NZ manufacturing sales volumes fall on meat & dairy
Wednesday, 8 March 2017, 2:36 pm | BusinessDesk
March 8 (BusinessDesk) - The volume of New Zealand's total manufacturing sales fell in the fourth quarter of 2016 but the values rose due to higher prices. More >>
NZX system problems delays stock market open
Wednesday, 8 March 2017, 2:25 pm | BusinessDesk
March 8 (BusinessDesk) - Problems with the NZX's trading system has delayed the stock market from opening today. More >>
Economists pare back Fonterra milk payout forecasts
Wednesday, 8 March 2017, 2:08 pm | BusinessDesk
March 8 (BusinessDesk) - Economists have pared back their forecasts for Fonterra Cooperative Group's milk payout to its farmer shareholders for the current season after dairy prices tumbled in the overnight GlobalDairyTrade auction. More >>
Downer fills gap in NZ 'vertical' construction
Wednesday, 8 March 2017, 2:06 pm | BusinessDesk
March 8 (BusinessDesk) - Downer EDI, the Australian-based infrastructure and mining firm, will become New Zealand's No. 2 'vertical' construction company after Fletcher Building with the acquisition of Hawkins from the McConnell family. More >>
Restaurant Brands splits into 3 geographical divisions
Wednesday, 8 March 2017, 1:40 pm | BusinessDesk
March 8 (BusinessDesk) - Restaurant Brands has changed its corporate structure, splitting into three regional operating divisions following its acquisition of the largest fast-food operator in Hawaii. More >>
Downer agrees to acquire construction firm Hawkins
Wednesday, 8 March 2017, 12:45 pm | BusinessDesk
March 8 (BusinessDesk) - Downer EDI, the Australian-based infrastructure and mining firm, has agreed to acquire Hawkins from the McConnell family, in a further sign of consolidation in the construction industry. More >>
Vista expects 'meaningful revenue' for Movio unit
Wednesday, 8 March 2017, 12:42 pm | BusinessDesk
March 8 (BusinessDesk) - Vista Group International expects to generate "meaningful revenue" for its Movio analytics division after signing US cinema advertiser Screenvision Direct as a customer. More >>
NZOG to make $100 million capital return
Wednesday, 8 March 2017, 12:20 pm | BusinessDesk
March 8 (BusinessDesk) - New Zealand Oil & Gas plans to return $100 million of the $168 million it reaped on the sale of its stake in the Kupe oil and gas fields through a court-approved share cancellation. More >>
NZ dollar drops, taking 4-week decline to 5% as dairy falls
Wednesday, 8 March 2017, 12:10 pm | BusinessDesk
March 8 (BusinessDesk) - The New Zealand dollar fell, rounding out a four-week decline of about 5 percent that's been driven by expectations the Federal Reserve will raise interest rates next week while the Reserve Bank keeps its rate low. Dairy prices ... More >>
While you were sleeping: Stocks languish
Wednesday, 8 March 2017, 11:56 am | BusinessDesk
March 8 (BusinessDesk) - Wall Street slipped, as did US Treasuries, as investors prepared for the Federal Reserve to raise interest rates when they gather next week. More >>
Dairy product prices slide amid abundant supply
Wednesday, 8 March 2017, 10:25 am | BusinessDesk
March 8 (BusinessDesk) - Dairy product prices declined at the Global Dairy Trade auction, falling for a second straight auction, as supply is larger than previously anticipated. More >>
NZ govt could beef up 'timid' innovation spend
Wednesday, 8 March 2017, 5:23 am | BusinessDesk
March 7 (BusinessDesk) - The New Zealand government's efforts to support more spending on research and science are heading in the right direction, but could use a bit more heft to boost stoke economic growth, the International Monetary Authority says. More >>
Broader remit for FMA would be helpful, IMF says
Wednesday, 8 March 2017, 5:21 am | BusinessDesk
March 7 (BusinessDesk) - New Zealand's Financial Markets Authority got a thumbs-up from the International Monetary Fund, which says it would probably benefit from having a broader remit. More >>
NZ dollar hangs near 70 US cents
Wednesday, 8 March 2017, 5:17 am | BusinessDesk
March 7 (BusinessDesk) - The New Zealand dollar was hovering around 70 US cents and may fall further on expectations the US Federal Reserve will hike interest rates while the New Zealand Reserve Bank stands pat and, in the short-term, dairy prices ... More >>
MARKET CLOSE: NZ shares fall; Chorus, A2 drop
Wednesday, 8 March 2017, 5:09 am | BusinessDesk
March 7 (BusinessDesk) - New Zealand shares dipped, with Chorus and A2 Milk Co declining, while Metlifecare and dual-listed banks rose More >>
IMF's policy prescriptions for NZ
Tuesday, 7 March 2017, 4:42 pm | BusinessDesk
March 7 (BusinessDesk) - A capital gains tax aimed at encouraging more investment outside housing and the introduction of a debt-to-income limit on mortgage lending are among the International Monetary Fund's recommendations for New Zealand to support ... More >>
NZ gender pay gap unchanged in more than a decade
Tuesday, 7 March 2017, 4:27 pm | BusinessDesk
March 7 (BusinessDesk) - The gap between what men and women are paid on average has barely shifted in the 14 years since the first major attempt to measure the difference was published in 2003, a new report from the Ministry for Women has found. More >>
Airways unveils $58 mln revamp for air traffic management
Tuesday, 7 March 2017, 3:54 pm | BusinessDesk
March 7 (BusinessDesk) - Airways New Zealand announced plans to replace its current air traffic management platforms in a $58 million project over the next four years. More >>
Reserve Bank seeks balance
Tuesday, 7 March 2017, 3:28 pm | BusinessDesk
March 7 (BusinessDesk) - New Zealand's central bank announced a review of bank capital requirements to examine how well the current framework operates and to consider potential improvements. More >>
