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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 476]
NZ dollar falls as US data points to improving prospects
Thursday, 19 January 2017, 11:52 am | BusinessDesk
Jan. 19 (BusinessDesk) - The New Zealand dollar fell from a month-high after US inflation and industrial figures showed the slow recovery in the world's biggest economy is on track, giving the Federal Reserve room to hike interest rates this year. More >>
Hawkes Bay kiwifruit farm sells for $40.2mn
Thursday, 19 January 2017, 9:37 am | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand’s kiwifruit industry continues to surge ahead and a recent orchard sale underscores confidence in the sector. More >>
While you were sleeping: Yellen to speak
Thursday, 19 January 2017, 7:43 am | BusinessDesk
Jan. 19 (BusinessDesk) - US Treasuries declined while Wall Street was mixed as investors awaited a speech by US Federal Reserve Chair Janet Yellen. More >>
Steel & Tube staffer pays 97% premium for shares
Wednesday, 18 January 2017, 2:52 pm | BusinessDesk
Jan. 18 (BusinessDesk) - A Steel & Tube Holdings worker paid a 97 percent premium to cover the rest of what had been partially paid shares issued under the steel product maker's old executive share scheme. More >>
Xero mulling Liddell's status after White House appointment
Wednesday, 18 January 2017, 1:48 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Cloud-based accounting software company Xero says it is still considering whether chairman Chris Liddell's position is compatible with his new role as a White House adviser in the Trump administration and will update the ... More >>
NZ Refining reports record annual throughput, margins
Wednesday, 18 January 2017, 1:37 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery, said Wednesday its annual throughput hit record levels in 2016 and its fee income for the year was the third largest earned by the company in the past ... More >>
Liz Coutts named as new chair of Skellerup
Wednesday, 18 January 2017, 12:57 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Liz Coutts has taken over as chair of industrial rubber goods maker Skellerup Holdings, with Selwyn Cushing stepping down after 10 years in the role. More >>
NZ dollar rallies vs greenback after Trump comments
Wednesday, 18 January 2017, 11:34 am | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar rose to a month-high against the greenback after US president-elect Donald Trump said the US currency was too high and fell against the pound after UK Prime Minister Theresa May said any exit from ... More >>
IRD follows IRS lead, audits Microsoft over transfer pricing
Wednesday, 18 January 2017, 9:03 am | BusinessDesk
Jan. 17 (BusinessDesk) - Microsoft New Zealand, the local unit of the world's biggest software company, is being audited by the Inland Revenue Dept over transfer pricing, a practice that can be used by multinationals to minimise tax. More >>
Powerco eyes price hikes to pay for $1.4 billion upgrade
Wednesday, 18 January 2017, 9:01 am | BusinessDesk
Jan. 17 (BusinessDesk) - Powerco, the gas and electricity lines company owned by fund managers QIC and AMP Capital, wants to raise prices to help fund an upgrade to networks across the North Island that it says could cost as much as $1.4 billion More >>
Postr raises $3 million from NZVI
Wednesday, 18 January 2017, 8:58 am | BusinessDesk
Jan. 17 (BusinessDesk) - Postr Media, an ad-tech company which has contracts with Skinny Mobile and Optus in Australia, has raised $3 million from investors including the New Zealand Venture Investment Fund in its first significant raising. More >>
NZ dollar little changed before dairy auction
Wednesday, 18 January 2017, 8:57 am | BusinessDesk
Jan. 17 (BusinessDesk) - The New Zealand dollar was little changed, with no tail wind from US financial markets closed for the Martin Luther King Jr holiday, in the run-up to a dairy auction that has seen milk powder futures fall and a Brexit speech ... More >>
NZ, Israeli business relations seen as safe
Wednesday, 18 January 2017, 8:55 am | BusinessDesk
Jan. 17 (BusinessDesk) - Soured diplomatic relations between New Zealand and Israel aren't expected to derail increasingly cosy business dealings between firms in the two nations. More >>
Dairy product prices rise, stemming two straight drops
Wednesday, 18 January 2017, 8:54 am | BusinessDesk
Jan. 18 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, stemming two consecutive declines. More >>
MARKET CLOSE: NZ shares down, Air NZ and Vector fall
Wednesday, 18 January 2017, 8:31 am | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand shares dipped, led lower by Air New Zealand and Vector, with Arvida Group and Tegel Group Holdings rising. More >>
While you were sleeping: Dollar too strong for Trump
Wednesday, 18 January 2017, 7:59 am | BusinessDesk
Jan. 18 (BusinessDesk) - The US dollar fell after President-elect Donald Trump said the currency was “too strong,” undermining the nation’s competitiveness abroad. More >>
Dairy product prices rise, stemming two straight drops
Wednesday, 18 January 2017, 7:07 am | BusinessDesk
Jan. 18 (BusinessDesk) - Dairy product prices inched higher at the Global Dairy Trade auction, stemming two consecutive declines. More >>
NZ Oil & Gas takes control of Cue Energy
Tuesday, 17 January 2017, 2:33 pm | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand Oil & Gas has taken control of Cue Energy Resources almost two years after launching a hostile takeover of ASX-listed company saying the move provides exposure to production and exploration interests in Australia, ... More >>
NZ median house price slips 0.8% in December
Tuesday, 17 January 2017, 2:02 pm | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand's median house price fell 0.8 percent in December from November's record high, although regions including Wellington recorded all-time highs. More >>
ANZ New Zealand, NZOG join early 2017 executive reshuffle
Tuesday, 17 January 2017, 1:57 pm | BusinessDesk
Jan. 17 (BusinessDesk) - ANZ Bank New Zealand and New Zealand Oil & Gas are among firms announcing rejigged executive line-ups at the start of the new year. More >>
