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BusinessDesk - Latest News [Page 475]

US$265m trust hearing fraud case delayed

Friday, 20 January 2017, 2:51 pm | BusinessDesk

Jan. 20 (BusinessDesk) - A defended hearing in Auckland’s High Court involving family members of Malaysian businessman Jho Low has been delayed nearly two hours this morning. More >>

NZ employees most upbeat about labour market in eight years

Friday, 20 January 2017, 1:47 pm | BusinessDesk

Jan. 20 (BusinessDesk) - New Zealand employment confidence rose to its highest level in eight years as Kiwis grew more upbeat about the prospect of wage increases and less pessimistic about job opportunities in what's seen as a robust labour market. More >>

Lyttelton Port container terminal workers back on strike

Friday, 20 January 2017, 1:05 pm | BusinessDesk

Jan. 20 (BusinessDesk) - Maritime Union of New Zealand members at Lyttelton Port's container terminal are back on strike in rolling industrial action over planned roster changes More >>

$87.3B investment focused on transformational projects

Friday, 20 January 2017, 12:35 pm | BusinessDesk

Jan. 20 (BusinessDesk) - The New Zealand government has focused its $87.3 billion investment programme into projects that will fundamentally change the way it operates in the ongoing drive to get more with less from the public service, according to ... More >>

Bapcor lifts interest in Hellaby to 78.4%

Friday, 20 January 2017, 12:18 pm | BusinessDesk

Jan. 20 (BusinessDesk) - Bapcor, the ASX-listed autoparts firm, lifted its interest in Hellaby Holdings to 78.4 percent from 71.4 percent, edging closer to a takeover of the diversified investor it wants to break up while retaining its automotive business. More >>

NZ dollar gains to month-high vs yen as inauguration looms

Friday, 20 January 2017, 12:04 pm | BusinessDesk

Jan. 20 (BusinessDesk) - The New Zealand dollar rose to its highest level in a month against the yen as Japan's currency weakened against the greenback ahead of Donald Trump's presidential inauguration. More >>

Warehouse hires NZ Baycorp boss Donna Cooper

Friday, 20 January 2017, 8:27 am | BusinessDesk

Jan. 19 (BusinessDesk) - Warehouse Group, which is cutting costs by amalgamating its retail divisions, has hired Baycorp's New Zealand general manager Donna Cooper to run its financial services unit. More >>

Treasury wary of more major projects in November update

Friday, 20 January 2017, 8:26 am | BusinessDesk

Jan. 19 (BusinessDesk) - The Treasury has heightened concerns about more of the government's most challenging major projects, tagging five for special attention in its latest update. More >>

NZ dollar in biggest fall against greenback since November

Friday, 20 January 2017, 8:24 am | BusinessDesk

Jan. 19 (BusinessDesk) - The New Zealand dollar saw its biggest one-day fall since November as the greenback strengthened sharply after a speech by the chair of the US Federal Reserve Janet Yellen, in which she said the world's largest economy was ... More >>

Multi-billion dollar money laundering case hits NZ courts

Friday, 20 January 2017, 8:23 am | BusinessDesk

Multi-billion dollar money laundering case hits NZ courts as Low relatives fight US DOJ More >>

Xero and Meridian gain while Air NZ drops

Friday, 20 January 2017, 8:17 am | BusinessDesk

Jan. 19 (BusinessDesk) - New Zealand shares rose, led by Xero after news its chairman is leaving, with Meridian Energy gaining while Air New Zealand dropped More >>

While you were sleeping: Upbeat US jobs, housing

Friday, 20 January 2017, 8:07 am | BusinessDesk

Jan. 20 (BusinessDesk) - Wall Street declined as investors geared up for a speech by Federal Reserve Chair Janet Yellen later in the day and US President-elect Donald Trump’s inauguration on Friday. More >>

Macquarie still upbeat on retirement village sector

Thursday, 19 January 2017, 8:02 pm | BusinessDesk

Jan. 19 (BusinessDesk) - Building consents for retirement villages continued to rise in November as operators expand to meet the demands of New Zealand's ageing population and Macquarie Group is still upbeat on the sector despite a lower forecast ... More >>

Upaid bills sink promising pre-fab housing builder

Thursday, 19 January 2017, 8:00 pm | BusinessDesk

Jan. 19 (BusinessDesk) - ABT Construction, once touted as part of the solution to Auckland's housing crisis with its fast-turnaround pre-fabricated dwellings, has been put into liquidation by transport firm Multi-Trans over unpaid bills amid reports ... More >>