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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 45]
NZ dollar higher on thaw in US-China trade dispute
Monday, 1 July 2019, 11:11 am | BusinessDesk
July 1 (BusinessDesk) - The New Zealand dollar firmed as signs of a thaw in US-China trade relations cheered investors. More >>
MARKET CLOSE: NZ shares post 6.4% gain in June quarter
Friday, 28 June 2019, 8:51 pm | BusinessDesk
MARKET CLOSE: NZ shares post 6.4% gain in June quarter as yield remains king More >>
NZ dollar headed for 1.7% weekly gain ahead of US-China talk
Friday, 28 June 2019, 8:11 pm | BusinessDesk
June 28 (BusinessDesk) - The New Zealand dollar is headed for a 1.7 percent weekly gain as markets are positioned for good news on the US-China trade front. More >>
Biggest electricity market change since birth in 1996
Friday, 28 June 2019, 8:10 pm | BusinessDesk
June 28 (BusinessDesk) - Businesses and households will get clearer electricity price signals under the biggest change to the wholesale power market since it was established in 1996. More >>
Aussie housing downturn FBU's big challenge, says Jarden
Friday, 28 June 2019, 7:28 pm | BusinessDesk
June 28 (BusinessDesk) - Fletcher Building's credibility relies on delivering improvements in its Australian business before anything else, even though there are signs of a "major downturn" in the Australian residential construction sector and ... More >>
UDC turns in a solid first half for ANZ
Friday, 28 June 2019, 4:09 pm | BusinessDesk
June 28 (BusinessDesk) - Specialist commercial lender UDC Finance increased first-half net profit 6 percent but sees slower growth in lending in the period ahead as the economy cools. More >>
Preference for staff, iwi, locals in Napier Port share sale
Friday, 28 June 2019, 3:10 pm | BusinessDesk
June 28 (BusinessDesk) - Napier Port staff wanting to participate in the firm’s partial listing have been guaranteed a minimum of $5,000 worth of stock. More >>
NZ consumer confidence ticks up slightly in June
Friday, 28 June 2019, 1:19 pm | BusinessDesk
June 28 (BusinessDesk) - Consumer confidence ticked up in June, climbing back above the historic average. More >>
Fonterra realises $64m gain on sale of foodspring stake
Friday, 28 June 2019, 12:12 pm | BusinessDesk
June 28 (BusinessDesk) - Fonterra Cooperative Group has sold its stake in Germany-based Goodminton AG, the parent of active nutrition start-up foodspring, and will realise a $64 million gain on the sale. More >>
NZ dollars firms on soft US GDP, G20 trade hopes
Friday, 28 June 2019, 11:14 am | BusinessDesk
June 28 (BusinessDesk) - The New Zealand dollar extended its gains against the greenback amid soft US data and growing optimism ahead of a meeting between the US and China at the G20 summit in Japan this weekend. More >>
Gabs's last hurrah - Makhlouf apologises, agrees he erred
Thursday, 27 June 2019, 9:16 pm | BusinessDesk
June 27 (BusinessDesk) - The departing secretary to the Treasury, Gabriel 'Gabs' Makhlouf has issued an apology for his department's lax website security and agreed that he got it wrong in describing the resulting breach of Budget security as a case ... More >>
MARKET CLOSE: NZ shares rise as yield hunt lifts Genesis
Thursday, 27 June 2019, 8:50 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand shares rose as companies offering reliable dividends remain attractive in the persistently low interest rate environment. Genesis Energy and Auckland International Airport hit records. More >>
NZ dollar holds gains as world awaits G20 result
Thursday, 27 June 2019, 8:20 pm | BusinessDesk
June 27 (BusinessDesk) - The New Zealand dollar was stuck within a 15-point range against the greenback as global markets await a meeting of the leaders of the US and China at the G20 meeting this weekend. More >>
Ardern reshuffles Woods to housing czar
Thursday, 27 June 2019, 7:18 pm | BusinessDesk
June 27 (BusinessDesk) - Prime Minister Jacinda Ardern has made Megan Woods her new housing minister in a bid to cauterise the political damage done by Phil Twyford’s leadership of the struggling KiwiBuild programme. Twyford remains in charge of urban ... More >>
Faafoi seeks enduring iwi framework from 5G spectrum talks
Thursday, 27 June 2019, 7:17 pm | BusinessDesk
June 27 (BusinessDesk) - Communications Minister Kris Faafoi wants a framework for iwi radio spectrum allocations that will endure beyond the current discussions over 5G technology. More >>
June business confidence weakens amid domestic, global winds
Thursday, 27 June 2019, 4:45 pm | BusinessDesk
June 27 (BusinessDesk) - Business confidence has reversed the gains made last month amid on-going domestic and global headwinds, according to an ANZ Bank monthly survey. More >>
FMA says NZX market surveillance has improved
Thursday, 27 June 2019, 3:28 pm | BusinessDesk
June 27 (BusinessDesk) - Stock exchange operator NZX has made positive changes to its market surveillance since concerns were raised a year ago, the Financial Markets Authority's latest annual review found. More >>
UPDATE: Makhlouf in denial, no resignation offer
Thursday, 27 June 2019, 2:37 pm | BusinessDesk
June 27 (BusinessDesk) - Public sector chief executives should offer to resign in the case of "major failings", but there was no such offer from Treasury secretary Gabriel Makhlouf over the Treasury website security lapses that allowed ... More >>
Contact says future of TCC depends on reliable gas
Thursday, 27 June 2019, 2:03 pm | BusinessDesk
June 27 (BusinessDesk) - Contact Energy says its 377 megawatt gas-fired Taranaki Combined Cycle plant could play an important role helping electrify industry but it would need cheaper and more reliable gas supplies to do so. More >>
Makhlouf failed to take responsibility for Budget leak - SSC
Thursday, 27 June 2019, 1:19 pm | BusinessDesk
Treasury Secretary Gabriel Makhlouf failed to take appropriate personal responsibility for the website security breach that allowed the National Party to access secret budget documents ahead of the May 30 budget delivery, State Services Commissioner ... More >>
