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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 466]
FMA issues 12 warnings for money laundering
Wednesday, 8 February 2017, 3:14 pm | BusinessDesk
Feb. 8 (BusinessDesk) - The Financial Markets Authority has issued formal warnings to 12 entities which failed to comply with rules aimed at preventing money laundering and terrorism financing. More >>
Infratil upbeat about US renewable energy
Wednesday, 8 February 2017, 2:53 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Infrastructure investor Infratil is still upbeat about its investment in US renewable energy development company Longroad Energy Holdings, despite President Donald Trump's election promises to boost coal. More >>
Shane Scott pleads not guilty to running $6m Ponzi scheme
Wednesday, 8 February 2017, 2:18 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Shane Scott, whose interim name suppression lapsed today, has pleaded not guilty in the Auckland District Court to running a $6 million Ponzi scheme. More >>
NZ Commerce Commission files charges against Bunnings
Wednesday, 8 February 2017, 1:32 pm | BusinessDesk
Feb. 8 (BusinessDesk) - The Commerce Commission has filed 45 charges in the Auckland District Court against Bunnings New Zealand, alleging the building supplies retailer misled consumers by advertising the prices of its goods as being the lowest in the ... More >>
NZ ranks worst in global survey of car value depreciation
Wednesday, 8 February 2017, 12:55 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand has been ranked worst in a global survey for depreciation in cars, with a 54 percent slump in value after just 56,000 kilometres beating the UK and the US, while cars in China have the smallest drop in value. More >>
Fliway first-half profit falls 39%
Wednesday, 8 February 2017, 12:26 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Fliway Group first-half profit dropped 39 percent as the impact of a major customer's exit and higher freight costs caused by last November's Kaikoura earthquake weighed on the transport and logistics group. More >>
Hellaby to delist by March 8, independent directors depart
Wednesday, 8 February 2017, 12:23 pm | BusinessDesk
Feb. 8 (BusinessDesk) - Hellaby Holdings will delist from the NZX by March 8, after ASX-listed auto firm Bapcor succeeded in its $352 million takeover of the diversified investment group earlier this month. More >>
Fed's Harker talks up chance for March rate hike
Wednesday, 8 February 2017, 11:39 am | BusinessDesk
Feb. 8 (BusinessDesk) - The New Zealand dollar slipped as Federal Reserve Philadelphia president Patrick Harker talked up the chances for an interest rate hike next month, stoking demand for the greenback. More >>
While you were sleeping: Energy stocks slide with oil
Wednesday, 8 February 2017, 9:24 am | BusinessDesk
Feb. 8 (BusinessDesk) - A decline in energy stocks weighed on Wall Street, while investors digested comments from US Federal Reserve officials about the potential for an interest rate increase next month. More >>
Dairy product prices eke out surprise gain
Wednesday, 8 February 2017, 9:21 am | BusinessDesk
Feb. 8 (BusinessDesk) - Dairy product prices eked out a gain at the Global Dairy Trade auction, bucking expectations for a decline, as both whole and skim milk powder rose. More >>
While you were sleeping: Energy stocks slide with oil
Wednesday, 8 February 2017, 8:02 am | BusinessDesk
Feb. 8 (BusinessDesk) - A decline in energy stocks weighed on Wall Street, while investors digested comments from US Federal Reserve officials about the potential for an interest rate increase next month. More >>
Dairy product prices eke out surprise gain
Wednesday, 8 February 2017, 7:02 am | BusinessDesk
Feb. 8 (BusinessDesk) - Dairy product prices eked out a gain at the Global Dairy Trade auction, bucking expectations for a decline, as both whole and skim milk powder rose. More >>
Whole milk powder set to fall at GlobalDairyTrade auction
Tuesday, 7 February 2017, 9:17 pm | BusinessDesk
Feb. 7 (BusinessDesk) - The price of whole milk powder, New Zealand's key commodity export, is likely to decline on the GlobalDairyTrade platform overnight, although some analysts say there's no downward trend. More >>
Trustees Executors reaches $4.9M settlement with IRD
Tuesday, 7 February 2017, 9:16 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Trustees Executors, the trust company owned by Sterling Grace Corp, reached an agreement to pay about $4.9 million following an Inland Revenue Department audit of its 2013 tax year and the treatment of a $24 million legal settlement, ... More >>
NZ inflation expectations may give RBNZ pause for thought
Tuesday, 7 February 2017, 9:14 pm | BusinessDesk
Feb. 7 (BusinessDesk) - New Zealand inflation expectations for the next two years have increased, a Reserve Bank survey shows, likely adding to the view that the central bank may lift its projected track for interest rates in Thursday's monetary policy ... More >>
NZ dollar gains as inflation expectations push higher
Tuesday, 7 February 2017, 9:12 pm | BusinessDesk
Feb. 7 (BusinessDesk) - The New Zealand dollar rose after a central bank survey that showed inflation expectations are on the rise. More >>
MARKET CLOSE: NZ shares fall, led by TradeMe
Tuesday, 7 February 2017, 9:10 pm | BusinessDesk
Feb. 7 (BusinessDesk) - New Zealand shares fell, led lower by Trade Me Group and Fisher & Paykel Healthcare Corp while Warehouse Group gained. More >>
Big shake-up for RBNZ: Wheeler to Sept; Spencer to fill in
Tuesday, 7 February 2017, 5:27 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Reserve Bank governor Graeme Wheeler won't serve a second term and will be followed out the door by his deputy, Grant Spencer, who will fill in on a temporary basis while the next government hunts out a replacement. More >>
Capital + Merchant debenture holders to get 2nd payment
Tuesday, 7 February 2017, 4:59 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Some 7,500 investors left out of pocket by Capital + Merchant Finance will get their second payment next month, almost a decade after the lender collapsed. More >>
Harbour Asset trims Intueri stake
Tuesday, 7 February 2017, 4:57 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Harbour Asset Management has sold down its stake in Intueri Education Group, ceasing to be a substantial shareholder following the company's disclosure on Friday that it will exit Australia after losing government subsidies ... More >>
