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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 471]
NZ trade deficit little changed in December
Monday, 30 January 2017, 3:01 pm | BusinessDesk
Jan. 30 (BusinessDesk) - New Zealand's monthly trade deficit was little changed in December from the year-earlier month as imports and exports both slid by about the same amount. More >>
Internet users increasingly 'desensitised' to ads
Monday, 30 January 2017, 2:38 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Snakk Media, which aggregates publishers' advertising space on mobile devices and matches it to demand, says internet users are becoming increasingly desensitised to advertisements on mobile sites and apps. More >>
G3 ahead of margin targets in 3Q
Monday, 30 January 2017, 2:20 pm | BusinessDesk
Jan. 30 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, was ahead of its annual margin targets in the third quarter of its financial year, though it remains behind on its inventory turnover target. More >>
Bapcor edges closer to Hellaby takeover, lifts interest
Monday, 30 January 2017, 1:15 pm | BusinessDesk
Jan. 30 (BusinessDesk) - ASX-listed auto firm Bapcor edged closer to its takeover of Hellaby Holdings, lifting its holding to just below the 90 percent level that will allow it to compulsorily acquire the remaining shares. More >>
NZ dollar little changed before trade, jobs data, FOMC
Monday, 30 January 2017, 12:07 pm | BusinessDesk
Jan. 30 (BusinessDesk) - The New Zealand dollar was little changed, after testing its highest levels in almost two years last week on a trade-weighted basis, as traders awaited December trade data today, and labour market figures and the Federal Reserve ... More >>
World Week Ahead: Fed meeting, US jobs loom
Monday, 30 January 2017, 9:47 am | BusinessDesk
Jan. 30 (BusinessDesk) - As US President Donald Trump moves ahead with protectionist policies as well as a visa ban that impacts some of the country’s largest tech companies including Google, investors will eye a Federal Reserve policy meeting and ... More >>
Labour and Greens fire united opening salvo at 'tired govt'
Monday, 30 January 2017, 9:25 am | BusinessDesk
Jan. 29 (BusinessDesk) - The Labour and Green parties fired the opening salvo in their election year bid to present a united front committed to changing what both its leaders described as a "tired government" that was out of ideas after three terms ... More >>
MARKET CLOSE: NZ shares rise, led by Vista
Friday, 27 January 2017, 10:31 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, led by Vista, NZX at 18-month high; FPH drops on Trump tariff threat More >>
NZ dollar little changed
Friday, 27 January 2017, 10:30 pm | BusinessDesk
Jan. 27 (BusinessDesk) - The New Zealand dollar was little changed as holidays in China, South Korea and Taiwan kept markets quiet and traders awaited US growth figures. More >>
Tax take and journalism win if merger allowed
Friday, 27 January 2017, 10:29 pm | BusinessDesk
Jan. 27 (BusinessDesk) - NZME and Fairfax New Zealand are talking up their credentials as a locally-listed company that pays tax in their latest efforts to win regulatory approval to merge to create a news operation the competition regulator fears will ... More >>
Liquidators freeze Hansa director's assets
Friday, 27 January 2017, 10:28 pm | BusinessDesk
Jan. 27 (BusinessDesk) - The liquidators of investment management company Hansa say they have frozen the assets of director Paul Hibbs after initial investigations showed it appeared to have been run as a Ponzi scheme. More >>
ASX-listed Stream sells NZ insurance claims unit
Friday, 27 January 2017, 10:26 pm | BusinessDesk
Jan. 27 (BusinessDesk) - Australian insurance claims management company Stream Group has sold its New Zealand subsidiary Symetri to multinational claims manager Gallagher Bassett for up to $25 million. More >>
NZ Binxi won't budge on $2.20 takeover price for Blue Sky
Friday, 27 January 2017, 4:58 pm | BusinessDesk
Jan. 27 (BusinessDesk) - NZ Binxi (Oamaru) Foods, a subsidiary of China-based Heilongjiang Binxi Cattle Industry Co, won't budge on its $2.20 per share takeover price for Invercargill meat processor Blue Sky Meats. More >>
Flat NZ electricity demand keeps pressure on power companies
Friday, 27 January 2017, 4:02 pm | BusinessDesk
Jan. 27 (BusinessDesk) - New Zealand's relatively flat demand for electricity continues to weigh on the listed generator-retailers, which reported lower retail sales in the final six months of 2016 in a moribund market. More >>
International visitors drive up October guest nights
Friday, 27 January 2017, 2:24 pm | BusinessDesk
Jan. 27 (BusinessDesk) - A surge in international visitors continued to drive a rise in guest nights in New Zealand, the latest data shows. More >>
Strike action still looming at Lyttelton Port
Friday, 27 January 2017, 1:07 pm | BusinessDesk
Jan. 26 (BusinessDesk) - Strike action is still looming at Lyttelton Port Co's container terminal after further mediation failed to reach a settlement although talks are continuing Friday, the port said in an emailed customer notice. More >>
MBIE boss David Smol to leave in June
Friday, 27 January 2017, 12:28 pm | BusinessDesk
Jan. 27 (BusinessDesk) - David Smol, the chief executive of the Ministry of Business, Innovation and Employment (MBIE), won't seek reappointment when his five-year term ends in June. More >>
NZ dollar slips as US data, Trump factor lift greenback
Friday, 27 January 2017, 11:46 am | BusinessDesk
Jan. 27 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar that was helped by improving US data in a market where equities are charting record highs. More >>
While you were sleeping: Wall St mixed
Friday, 27 January 2017, 7:40 am | BusinessDesk
Jan. 27 (BusinessDesk) - Wall Street was mixed, even as the Dow hit a fresh record high, amid disappointing corporate earnings such as from Qualcomm and Caterpillar. More >>
NZ shares up, Tegel and Sky TV gain while Air NZ falls
Thursday, 26 January 2017, 9:46 pm | BusinessDesk
Jan. 26 (BusinessDesk) - New Zealand shares gained, led by Tegel Group Holdings, Sky Network Television, while Air New Zealand dropped back amidst analyst downgrades. More >>
