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 450]
T&G Global, Grandview Brokerage form joint venture
Friday, 3 March 2017, 12:34 pm | BusinessDesk
March 3 (BusinessDesk) - T&G Global, the fruit marketer controlled by Germany’s BayWa, has agreed to a joint venture in the US that it says will improve its access to the American fresh produce market. More >>
NZ new vehicle sales rise 14% to new February record
Friday, 3 March 2017, 12:32 pm | BusinessDesk
March 3 (BusinessDesk) - New Zealand new vehicle sales rose to a February record, marking the second month of record sales this year and continuing the strong run over the past three years. More >>
A2 deepens relationship with Synlait Milk
Friday, 3 March 2017, 12:08 pm | BusinessDesk
March 3 (BusinessDesk) - A2 Milk Co has bought an 8.2 percent stake in Synlait Milk at a small premium, building on an existing supply agreement between the milk marketer and dairy processor. More >>
NZ dollar extends slide as focus on Yellen
Friday, 3 March 2017, 11:53 am | BusinessDesk
March 3 (BusinessDesk) - The New Zealand dollar extended its decline to a seven-week low as growing speculation the Federal Reserve will hike interest rates this month put the focus on a speech by Fed chair Janet Yellen tonight. More >>
While you were sleeping: Brainard adds to rate bets
Friday, 3 March 2017, 11:37 am | BusinessDesk
March 3 (BusinessDesk) - Wall Street fell from record highs, while the US dollar gained, as another Federal Reserve official boosted bets the central bank will raise interest rates at its meeting this month. More >>
Chinese unease over Trump may prove boon for Kiwi exports
Friday, 3 March 2017, 11:24 am | BusinessDesk
March 2 (BusinessDesk) - US President Donald Trump's blunt and confrontational rhetoric about Chinese trade policies hasn't won much support among consumers in the world's most populous nation and could give some Kiwi exporters a leg up over their American ... More >>
Rising household debt a worry
Friday, 3 March 2017, 8:34 am | BusinessDesk
March 2 (BusinessDesk) - New Zealand households are now borrowing more relative to their disposable incomes than they did before the global financial crisis when a red-hot housing market was encouraging consumers to tack a little onto the mortgage ... More >>
Renewed bets for Fed rate hike in March stoke greenback
Friday, 3 March 2017, 8:32 am | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar fell amid growing speculation the US Federal Reserve will hike interest rates in March in an economy showing more signs of life and a president whose policies are seen to be stimulatory. More >>
MARKET CLOSE: NZ shares join global Trump rally
Friday, 3 March 2017, 8:30 am | BusinessDesk
March 2 (BusinessDesk) - New Zealand shares rose, joining a global rally as US President Donald Trump's proposed US$1 trillion of infrastructure spending and aspirations to drive American economic growth stoked investor optimism. Summerset Holdings and ... More >>
Intueri may be a tough sell for High St Capital Partners
Thursday, 2 March 2017, 5:23 pm | BusinessDesk
Intueri, the $1.2M firm that owes ANZ Bank $70.7M, may be a tough sell for High St Capital Partners More >>
Westland Milk elects Pete Morrison as new chairman
Thursday, 2 March 2017, 3:17 pm | BusinessDesk
March 2 (BusinessDesk) - Westland Milk Products named Pete Morrison as its new chairman, who wants to help revive the milk processor's fortunes after a poor year. More >>
'Modest investment' in power generation needed from 2018
Thursday, 2 March 2017, 2:46 pm | BusinessDesk
March 2 (BusinessDesk) - New Zealand's power system will need some "modest investment" from next year to shore up the security of supply with the closure of several thermal energy plants, and will need to step up from 2022 once Genesis Energy's coal-fuelled ... More >>
Annelies McClure leaves Overseas Investment Office
Thursday, 2 March 2017, 2:40 pm | BusinessDesk
March 2 (BusinessDesk) - The long-serving manager of the Overseas Investment Office, Annelies McClure, has quietly departed the office and been formally replaced by an acting deputy chief executive, Lesley Haines. More >>
RBNZ comfortable with economic projections
Thursday, 2 March 2017, 12:42 pm | BusinessDesk
March 2 (BusinessDesk) - The Reserve Bank is comfortable with economic projections underpinning its bias to keep the official cash rate on hold until the middle of 2019, although the local housing market and US President Donald Trump's trade ambitions ... More >>
Fed's Dudley plays up US rate interest rate hike case
Thursday, 2 March 2017, 11:51 am | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar fell after New York Federal Reserve President William Dudley talked up the prospects for US interest rate hikes while San Francisco Fed president John Williams said he saw no need to delay such a move ... More >>
Buyers with cheap funding likely to stoke M&A activity
Thursday, 2 March 2017, 11:28 am | BusinessDesk
March 1 (BusinessDesk) - New Zealand is likely to see more merger and acquisition activity this year as relatively cheap capital and private equity firms flush with funds stoke demand, says law firm Chapman Tripp. More >>
While you were sleeping: Rally on rate bets
Thursday, 2 March 2017, 11:25 am | BusinessDesk
March 2 (BusinessDesk) - Equities rallied on both sides of the Atlantic amid increased bets on a US Federal Reserve interest rate hike this month. More >>
NZ dollar falls vs Aussie on strong Australian GDP
Thursday, 2 March 2017, 8:53 am | BusinessDesk
March 1 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after strong economic growth figures across the Tasman and lost ground against the greenback as the market seemed to shrug off a lack of detail in US President Donald ... More >>
S&P downgrades Kiwibank after NZ Post guarantee expires
Thursday, 2 March 2017, 8:50 am | BusinessDesk
March 1 (BusinessDesk) - S&P Global Ratings downgraded Kiwibank's long-term issuer credit rating to A from A+ after the bank's unconditional guarantee from majority owner New Zealand Post expired. More >>
MARKET CLOSE: NZ shares down, Mercury and Xero fall
Thursday, 2 March 2017, 8:47 am | BusinessDesk
March 1 (BusinessDesk) - New Zealand shares dipped, with Mercury New Zealand and Xero falling, while Metro Performance Glass and Air New Zealand gained. More >>
