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 473]
Turners to sell $150 mln of its loans to investors
Wednesday, 25 January 2017, 8:39 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Turners, the country's largest seller of vehicles, is to sell stakes in its loan book in a deal worth an initial $150 million. More >>
Govt launches $3M fund, compels fix for quake-risk masonry
Wednesday, 25 January 2017, 5:21 pm | BusinessDesk
Govt launches $3M fund, compels building owners to fix quake-risk masonry within a year More >>
NZ winegrowers upbeat about upcoming harvest
Wednesday, 25 January 2017, 4:29 pm | BusinessDesk
Jan. 25 (BusinessDesk) - New Zealand winegrowers remain upbeat about this year's harvest, despite earthquakes and adverse weather. More >>
NZ dollar rises to more-than two-month high
Wednesday, 25 January 2017, 11:39 am | BusinessDesk
Jan. 25 (BusinessDesk) - The New Zealand dollar climbed to its highest level in more than two months as markets assess the prospects of US president Donald Trump's policy plans and after a court ruling that the UK's Brexit must be triggered by a ... More >>
While you were sleeping: DuPont bolsters Wall St
Wednesday, 25 January 2017, 7:37 am | BusinessDesk
Jan. 26 (BusinessDesk) - Wall Street rose amid better-than-expected corporate earnings including from DuPont. More >>
Hellaby execs sell down holdings to Bapcor
Wednesday, 25 January 2017, 1:24 am | BusinessDesk
Jan. 24 (BusinessDesk) - Senior executives at Hellaby Holdings sold down their stakes in the business to suitor Bapcor just days after the independent directors ended months of opposition to the takeover. More >>
Blue Sky Meats seeks 30 cents/share lift from Binxi
Wednesday, 25 January 2017, 1:22 am | BusinessDesk
Jan. 24 (BusinessDesk) - Blue Sky Meats' directors say they want China-based Heilongjiang Binxi Cattle Industry Co to lift its takeover offer by 30 cents a share before they'll recommend it to investors after a strategic review that showed potential to drive ... More >>
Food industry holds sway over public policy
Wednesday, 25 January 2017, 1:18 am | BusinessDesk
Jan. 24 (BusinessDesk) - The food industry in Australia and New Zealand has managed to hold off near-universal calls from public health experts for government to crack down on junk food and sugar through its influential lobbying tactics, says the co-author ... More >>
NZ dollar pushes higher on US dollar profit taking
Wednesday, 25 January 2017, 1:17 am | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand dollar continued to push higher on US dollar profit taking in the wake of US President Donald Trump's latest comments on trade and the border tax. More >>
TPP survival tactics dominate PM's first press conference
Wednesday, 25 January 2017, 1:16 am | BusinessDesk
Jan. 24 (BusinessDesk) - Prime Minister Bill English's first press conference since taking over last month from John Key was dominated by questions about the potential for either a bi-lateral free trade agreement with the US or the survival of the Trans-Pacific ... More >>
MARKET CLOSE: NZ shares mixed, Comvita and Z gain
Wednesday, 25 January 2017, 1:14 am | BusinessDesk
Jan. 24 (BusinessDesk) - New Zealand shares were mixed, with Comvita bouncing off yesterday's lows and Z Energy up, while Tegel Group Holdings and Auckland International Airport fell. More >>
Govt hikes minimum wage 3.3% to $15.75/hour
Tuesday, 24 January 2017, 5:14 pm | BusinessDesk
Workplace Relations Minister Michael Woodhouse today announced the minimum wage will rise 50 cents from April 1 to $15.75 per hour, or about 53 percent of the average hourly rate. More >>
New Zealand's economy firing on all cylinders, HSBC says
Tuesday, 24 January 2017, 4:02 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Growth in New Zealand is tipped to remain strong but rate hikes won't be on the cards until 2018, says HSBC chief economist Paul Bloxham. More >>
Z Energy may review current interim distribution policy
Tuesday, 24 January 2017, 2:36 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Z Energy may review its interim distribution policy after reducing debt levels ahead of schedule following its acquisition of Chevron New Zealand's Caltex and Challenge! brands. More >>
NZ services sector rises in December
Tuesday, 24 January 2017, 2:25 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, rose in December, with strong growth in employment and new orders. More >>
Cheap rival honey weighs on Chinese sales
Tuesday, 24 January 2017, 2:24 pm | BusinessDesk
Jan. 24 (BusinessDesk) - NXT-listed Oceania Natural has slashed its 2017 revenue forecast as deep discounts on rival honey products undermine sales into China. More >>
NZ export beef benchmark rises 5.1%
Tuesday, 24 January 2017, 2:22 pm | BusinessDesk
Jan. 24 (BusinessDesk) - A benchmark for New Zealand beef exports rose 5.1 percent last week although increasing US domestic production is likely to cap the gains, according to analysts at NZX Agri. More >>
NZ's top 30 cooperatives generate sales of more than $40bn
Tuesday, 24 January 2017, 1:12 pm | BusinessDesk
Jan. 24 (BusinessDesk) - New Zealand's top 30 cooperatives contribute more than $42.3 billion per annum to the economy in revenue, a new report has found. More >>
NZ dollar little changed above 72 US cents
Tuesday, 24 January 2017, 12:05 pm | BusinessDesk
Jan. 24 (BusinessDesk) - The New Zealand dollar was little changed above 72 US cents, near its highest in more than a month, after US President Donald Trump expounded plans for protectionist policies including renegotiation of trade agreements and ... More >>
While you were sleeping: Trump axes trade deal
Tuesday, 24 January 2017, 7:27 am | BusinessDesk
Jan. 24 (BusinessDesk) - Stocks fell on both sides of the Atlantic as President Donald Trump formally ordered the US to withdraw from the Trans-Pacific Partnership trade deal, bolstering concern about the impact on corporate profits and economic growth. More >>
