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 48]
Appeal Court puts ANZ back in the gun over rate swaps
Monday, 24 June 2019, 5:40 pm | BusinessDesk
June 24 (BusinessDesk) - The Court of Appeal has overturned a ruling that ANZ Bank New Zealand doesn't have to compensate a Taranaki farming family for the way it had represented the risk attached to interest rate swaps. More >>
Meridian to supply Australian online retailer Kogan.com
Monday, 24 June 2019, 4:18 pm | BusinessDesk
June 24 (BusinessDesk) - Meridian Energy’s Australian business has agreed to supply power and gas to a new energy service being started by online retailer Kogan.com. More >>
RBNZ seen keeping rates on hold but signalling more cuts
Monday, 24 June 2019, 2:16 pm | BusinessDesk
June 24 (BusinessDesk) - The Reserve Bank of New Zealand is expected to keep rates on hold at Wednesday’s review but will signal further cuts are possible. More >>
RBNZ demands assurance ANZ NZ is operating prudently
Monday, 24 June 2019, 1:30 pm | BusinessDesk
The Reserve Bank is demanding ANZ Bank New Zealand provide assurance it is operating in a prudent manner after it was censured in May and the bank says it will work with the regulator. More >>
Citic gets seat at Tourism Holdings in capital raising
Monday, 24 June 2019, 1:29 pm | BusinessDesk
June 24 (BusinessDesk) - Chinese investment manager Citic Capital will get a seat on Tourism Holdings' board, paying full price to lift its stake in the rental RV operator as part of an $80 million capital raising. More >>
ANALYSIS: Grand Vista for cinema software expansion
Monday, 24 June 2019, 11:14 am | BusinessDesk
June 24 (BusinessDesk) - Vista Group has mightily rewarded investors since its November 2014 float, the share price having risen more than fivefold. More >>
NZD steady, focus on RBNZ rate decision
Monday, 24 June 2019, 11:05 am | BusinessDesk
June 24 (BusinessDesk) - The New Zealand dollar is steady against the greenback ahead of this week's domestic monetary policy review. More >>
MARKET CLOSE: NZ shares gains in heavy trading
Friday, 21 June 2019, 9:00 pm | BusinessDesk
June 21 (BusinessDesk) - New Zealand shares rose in heavy trading late in the day as investors adjusted for the reweighting of several major indices. Utilities and property companies offering reliable dividends remained in vogue. More >>
NZ dollar gains as Fed dovishness drags the greenback down
Friday, 21 June 2019, 8:13 pm | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar is heading for a gain of more than 1 US cent for the week as the greenback continued to slide after the Federal Reserve turned dovish earlier this week. More >>
Woods defends 100% renewable power target
Friday, 21 June 2019, 7:00 pm | BusinessDesk
June 21 (BusinessDesk) - The government is defending its 100 percent renewable electricity target against criticism that it risks distracting efforts from cheaper and larger emission reduction efforts elsewhere. More >>
Green Investment Fund targets will depend on portfolio
Friday, 21 June 2019, 6:46 pm | BusinessDesk
June 21 (BusinessDesk) - The government’s $100 million Green Investment Fund isn’t targeting an overall rate of return, but will instead weigh up each investment on an individual basis. More >>
Tech start-up snares $4.1 mln in Silicon Valley capital
Friday, 21 June 2019, 4:54 pm | BusinessDesk
June 21 (BusinessDesk) - An Auckland-based tech start-up owned by two Russian emigre ICT engineers has raised $4.1 million in seed funding to pursue rapid revenue growth for Termius, an encrypted product that allows users to synchronise data across multiple ... More >>
King Salmon sees flat earnings for 2020
Friday, 21 June 2019, 12:22 pm | BusinessDesk
June 21 (BusinessDesk) - New Zealand King Salmon Investments expects 2020 annual earnings will match this year's take and it will boost capital spending in an effort to mitigate the higher mortality rate caused by warmer water. More >>
NZ dollar extends gain on Fed outlook, soft US data
Friday, 21 June 2019, 10:54 am | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar extended its gains against the greenback as weak US manufacturing data raised concern about a possible slowdown there. More >>
MARKET CLOSE: NZ shares dip: blue-chips give up recent gains
Friday, 21 June 2019, 8:33 am | BusinessDesk
June 20 (BusinessDesk) - New Zealand shares fell as blue-chip stocks trading near record-highs gave up some of their recent gains. Infratil led the market lower after shedding rights to its final dividend. More >>
MARKET CLOSE: NZ shares dip: blue-chips give up recent gains
Thursday, 20 June 2019, 9:01 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand shares fell as blue-chip stocks trading near record-highs gave up some of their recent gains. Infratil led the market lower after shedding rights to its final dividend. More >>
NZ dollar benefits from dovish Fed, domestic growth
Thursday, 20 June 2019, 8:36 pm | BusinessDesk
June 20 (BusinessDesk) - The New Zealand dollar gained after the US Federal Reserve left the door open for rate cuts and data showed the domestic economy grew 0.6 percent in the first quarter. More >>
UPDATE: Ballance partners with Hiringa for Kapuni hydrogen
Thursday, 20 June 2019, 8:35 pm | BusinessDesk
(Updates with additional comment from Ballance throughout on venture structure, current gas use, and possible timeline.) More >>
Fisher Funds backs Infratil's Vodafone play
Thursday, 20 June 2019, 7:36 pm | BusinessDesk
June 20 (BusinessDesk) - Listed investment entity Kingfish's manager Fisher Funds Management likens Infratil's planned Vodafone New Zealand purchase to its successful foray into the retail fuels market. More >>
UPDATE: Strong construction growth shores up 1Q GDP
Thursday, 20 June 2019, 5:16 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand’s economy grew in line with expectations in the first quarter, with strong construction activity offsetting weak services output. Economists say it won't stop the central bank from cutting rates further. More >>
