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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 47]
NZ dollar rises on strong domestic exports, Trump comments
Tuesday, 25 June 2019, 8:11 pm | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar firmed on strong domestic trade data and after the greenback lost further ground when US President Donald Trump asserted that he has the power to remove the head of the US Federal Reserve. More >>
Goldsmith replaces Adams as Nat's shadow finance minister
Tuesday, 25 June 2019, 8:10 pm | BusinessDesk
June 25 (BusinessDesk) - National Party list MP Paul Goldsmith has replaced Amy Adams as the Opposition's shadow finance minister in a swiftly executed reshuffle of portfolio responsibilities announced by party leader Simon Bridges. More >>
OECD joins KiwiBuild critics as 'reset' looms
Tuesday, 25 June 2019, 8:10 pm | BusinessDesk
June 25 (BusinessDesk) - The government should reallocate KiwiBuild funding to social and rental housing rather than take on higher levels of financial risk than housing policies of other countries to assist KiwiBuild buyers who are "sufficiently ... More >>
Global trade crisis 'bad news' for open economies like NZ
Tuesday, 25 June 2019, 3:39 pm | BusinessDesk
June 25 (BusinessDesk) - Shrinking global trade and a crisis in the multilateral system is "bad news" for the likes of New Zealand, which relies on open access to foreign markets, says OECD Deputy Secretary-General Ulrik Vestergaard Knudsen. More >>
Australian named first woman to lead NZ Treasury
Tuesday, 25 June 2019, 3:27 pm | BusinessDesk
June 25 (BusinessDesk) - The head New South Wales' training agency, TAFE, has been appointed secretary to the New Zealand Treasury. More >>
Milk testing firm GEA Milfos to pay $925k for fixing prices
Tuesday, 25 June 2019, 3:08 pm | BusinessDesk
June 25 (BusinessDesk) - Milk testing technology firm GEA Milfos International will pay $925,000 in penalties and costs after admitting that it fixed prices on milk sensors with rival Dairy Automation. More >>
Dairy sales push May exports to record high
Tuesday, 25 June 2019, 2:40 pm | BusinessDesk
June 25 (BusinessDesk) - Dairy exports - to China in particular - helped propel May exports to a record high and meant the monthly trade surplus was slightly wider than expected. More >>
Pay rises lift employment confidence; outlook weak
Tuesday, 25 June 2019, 2:03 pm | BusinessDesk
June 25 (BusinessDesk) - Employment confidence recovered from a dip at the start of the year as more surveyed workers reported pay increases. More >>
Sky TV drops 'puck' deployment
Tuesday, 25 June 2019, 12:39 pm | BusinessDesk
June 25 (BusinessDesk) - Sky Network Television has dropped plans to deploy hardware it developed to offer its channels over the internet. More >>
Arvida Group to buy villages for $180m with new equity
Tuesday, 25 June 2019, 12:08 pm | BusinessDesk
June 25 (BusinessDesk) - Arvida Group is buying a portfolio of villages for $180 million and will fund the purchase through a combination of new equity and debt More >>
NZ's living standards framework positive but has gaps
Tuesday, 25 June 2019, 12:03 pm | BusinessDesk
June 25 (BusinessDesk) - Treasury’s living standards framework reflects good practice internationally but has some data gaps, including in areas where New Zealand fares poorly, the Organisation for Economic Cooperation and Development says. More >>
Fair Pay Agreements
Tuesday, 25 June 2019, 11:55 am | BusinessDesk
June 25 (BusinessDesk) - Peak trade unions are targeting security guards, supermarket workers and cleaners as the first lowly-paid sectors where new legislation to create nationally binding, sector-wide Fair Pay Agreements should be used. More >>
NZ dollar extends gain on US rate-cut expectations
Tuesday, 25 June 2019, 11:11 am | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar firmed against the greenback as markets continue to expect the US Federal Reserve to cut interest rates. More >>
MARKET CLOSE: NZ shares outperform Asia on persistent demand
Monday, 24 June 2019, 9:00 pm | BusinessDesk
June 24 (BusinessDesk) - New Zealand shares outperformed the rest of Asia as blue-chip stocks including Fisher & Paykel Healthcare, Auckland International Airport and Mainfreight remained in demand among investors in search of reliable income. More >>
Ardern backs Twyford as Thursday Cabinet reshuffle looms
Monday, 24 June 2019, 8:59 pm | BusinessDesk
June 24 (BusinessDesk) - Prime Minister Jacinda Ardern went out of her way to defend the record of Housing and Urban Development Minister Phil Twyford while announcing her "relatively minor" Cabinet portfolio reshuffle will be unveiled on ... More >>
Deposit protection reduces case for bank capital increases?
Monday, 24 June 2019, 8:40 pm | BusinessDesk
June 24 (BusinessDesk) - A bank deposit protection scheme may help defuse the battle between the Reserve Bank and the country's biggest trading banks over how much extra capital they should have to hold on their balance sheets, Finance Minister Grant ... More >>
NZ dollar higher after Lowe comments viewed as less dovish
Monday, 24 June 2019, 8:19 pm | BusinessDesk
June 24 (BusinessDesk) - The New Zealand dollar gained against the greenback, tracking its Australian counterpart after comments from Reserve Bank of Australian governor Philip Lowe called into question further easing across the Tasman. More >>
Govt to introduce deposit insurance
Monday, 24 June 2019, 8:00 pm | BusinessDesk
June 24 (BusinessDesk) - Finance Minister Grant Robertson wants to keep prudential supervision under the Reserve Bank's purview and plans to introduce deposit protection to bring New Zealand into line with other developed nations. More >>
Granular approach needed for emissions reduction
Monday, 24 June 2019, 6:48 pm | BusinessDesk
June 24 (BusinessDesk) - Cost-effective emissions reduction will require a granular approach and a willingness to rethink traditional ways energy is used in the economy, a visiting climate and sustainability expert says. More >>
Bank executive incentives a key focus for regulators
Monday, 24 June 2019, 6:46 pm | BusinessDesk
June 24 (BusinessDesk) - The Financial Markets Authority and Reserve Bank want a better grasp of how bank executive incentives have evolved and what controls are in place to avoid conflicts with sales practices. More >>
