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BusinessDesk - Latest News [Page 464]
Lyttelton Port strike cancelled this weekend
Friday, 10 February 2017, 10:33 pm | BusinessDesk
Feb. 10 (BusinessDesk) - A planned Maritime Union of New Zealand strike will not go ahead at Lyttelton Port Co's container terminal this weekend, though there are still strike notices in place for later in the month. More >>
Government still in talks with Air NZ
Friday, 10 February 2017, 10:32 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The government is still negotiating with national carrier Air New Zealand in a cross-agency air travel contract that will add a number of new airlines to the list of approved flyers. More >>
Relief care minimum wage appeal in Supreme Court
Friday, 10 February 2017, 5:41 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The Supreme Court today heard a former relief caregiver's appeal to be paid minimum wage as opposed to a flat fee, arguing there was a contract between relief carers and district health boards which meant they should be treated ... More >>
Trilogy says it's meeting disclosure requirements
Friday, 10 February 2017, 3:44 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Trilogy International, the skincare and home fragrance company, said it continues to comply with continuous disclosure rules in response to a query from the New Zealand stock exchange after its shares took a tumble. More >>
Regulator proposes gas distribution revenue cap
Friday, 10 February 2017, 2:21 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The Commerce Commission is proposing to cap regulated sales for gas pipeline firms, including NZX-listed Vector, which it estimates will lower their maximum revenue by 18 percent a year. More >>
Livestock Improvement lifts first-half earnings
Friday, 10 February 2017, 1:30 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, lifted first-half earnings as it focused on cost cutting, and forecast a return to profit for the full year. More >>
Chorus to get regulatory relief on copper network
Friday, 10 February 2017, 12:40 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Telecommunications network operator Chorus is set to get regulatory relief for its copper network under new rules governing prices for the fibre infrastructure. More >>
NZ dollar falls after Trump's tax talk lifts greenback
Friday, 10 February 2017, 11:49 am | BusinessDesk
NZ dollar falls after Trump's tax talk lifts greenback, Wheeler tepid on rate hikes More >>
Bionona sticks to online sales in launch of eczema treatment
Friday, 10 February 2017, 8:40 am | BusinessDesk
Feb. 8 (BusinessDesk) - Bionona has launched its Atopis eczema cream treatment and will stick to online sales as it chases "a couple of million" in sales in the first year. More >>
Zespri to license more SunGold kiwifruit in Italy
Friday, 10 February 2017, 8:38 am | BusinessDesk
Feb. 9 (BusinessDesk) - Zespri International, New Zealand's kiwifruit marketer, it will licence more production of its SunGold variety in Italy to meet rising demand and ensure 12-month supply. More >>
Minister Collins puts petrol prices under the microscope
Friday, 10 February 2017, 8:36 am | BusinessDesk
Feb. 9 (BusinessDesk) - The Ministry of Business, Innovation and Employment will conduct a review to determine how fair petrol and diesel prices are at the pump, Energy and Resources Minister Judith Collins said today More >>
Vic Crone appointed as Callaghan CEO
Friday, 10 February 2017, 8:35 am | BusinessDesk
Feb. 9 (BusinessDesk) - Vic Crone, a former New Zealand managing director for Xero, has been appointed as chief executive of Callaghan Innovation, the government agency tasked with accelerating the commercialisation of innovation by local businesses. More >>
Still too early to declare victory on cooling house prices
Friday, 10 February 2017, 8:31 am | BusinessDesk
Feb. 9 (BusinessDesk) - Reserve Bank deputy governor Grant Spencer says it's still too early to declare victory with the recent slowdown in house prices and the central bank will be monitoring demand pressures from migration and the ability of the construction ... More >>
NZ dollar falls sharply after RBNZ dampens expectations
Friday, 10 February 2017, 8:28 am | BusinessDesk
Feb. 9 (BusinessDesk) - The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower. More >>
MARKET CLOSE: NZ shares rise; SkyCity gains on earnings
Friday, 10 February 2017, 8:24 am | BusinessDesk
Feb. 9 (BusinessDesk) - New Zealand shares rose, with SkyCity Entertainment Group gaining following its first-half earnings while Tower soared 42 percent on a takeover bid. More >>
While you were sleeping: Trump rallies stocks
Friday, 10 February 2017, 8:06 am | BusinessDesk
Feb. 10 (BusinessDesk) - Wall Street climbed, sending the three US benchmark stock indexes to fresh record highs, as President Donald Trump said he would soon make an announcement “that will be phenomenal in terms of tax.” More >>
MFAT keeps '24-hour watch' on Trump
Thursday, 9 February 2017, 5:04 pm | BusinessDesk
Feb. 9 (BusinessDesk) - The Ministry of Foreign Affairs and Trade is keeping a 24-hour watch on the Trump administration while it works towards a bilateral free-trade deal, even while a Trans-Pacific Partnership deal excluding the US remains on the table. More >>
Canada's Fairfax Financial Holdings offers to snap up Tower
Thursday, 9 February 2017, 5:01 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Canada's Fairfax Financial Holdings has offered to buy Tower for about $197 million, pushing the insurer's shares up 41 percent to $1.11 on the news. More >>
Moa to be distribution partner for Chocolate Cream Liqueur
Thursday, 9 February 2017, 4:24 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Moa Group, the unprofitable Marlborough-based brewer, is to partner with Lewis Road Creamery as the dairy products marketer enters the liquor market with its Chocolate Cream Liqueur. More >>
Trade protectionism biggest uncertainty for RBNZ
Thursday, 9 February 2017, 4:03 pm | BusinessDesk
Feb. 9 (BusinessDesk) - A growing tide of trade protectionism led by US president Donald Trump is one of the biggest uncertainties for New Zealand's Reserve Bank, governor Graeme Wheeler says. More >>
