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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 480]
NZ dollar hits 2-week high on US dollar sell-off in Asia
Friday, 6 January 2017, 2:54 pm | BusinessDesk
Jan. 5 (BusinessDesk) - The New Zealand dollar rose to a two-week high, lifted by widespread selling of the US dollar and the biggest rally in the value of the Chinese yuan in a year. More >>
While you were sleeping: Mood turns sour
Friday, 6 January 2017, 7:54 am | BusinessDesk
Jan. 6 (BusinessDesk) - The US dollar dropped while Treasuries climbed as investors reassessed the Federal Reserve’s appetite for interest rate increases. More >>
Hong Kong investor Scobie Ward builds 5.6% stake in ikeGPS
Thursday, 5 January 2017, 7:01 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Hong Kong investor Scobie Ward, who co-founded hedge fund Ward Ferry Management, has emerged as a substantial shareholder in NZX-listed laser measurement device maker ikeGPS. More >>
Kiwis Against Seabed Mining lobby denied charitable status
Thursday, 5 January 2017, 7:00 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Kiwis Against Seabed Mining (KASM) has been denied charitable status and the accompanying tax benefits as it's considered an advocacy group, rather than an educational group as it argued. More >>
Bapcor lifts Hellaby stake to 48.7% over New Year
Thursday, 5 January 2017, 12:53 pm | BusinessDesk
Jan. 5 (BusinessDesk) - ASX-listed auto-parts company Bapcor has built a 48.7 percent stake in Hellaby Holdings, creeping closer to winning control of its NZX-listed target. More >>
NZ dollar gains as inflation rears its head in Europe
Thursday, 5 January 2017, 11:54 am | BusinessDesk
Jan. 5 (BusinessDesk) - The New Zealand dollar gained as investors latched onto European data showing the region experienced more rapid inflation than expected in December, raising questions about Europe's monetary policy and stoking demand for the euro. More >>
MARKET CLOSE: NZ shares up on first trading day of the year
Thursday, 5 January 2017, 9:05 am | BusinessDesk
Jan. 4 (BusinessDesk) - New Zealand shares rose on the first trading day of the year, buoyed by overseas sentiment, with Ryman Healthcare, Auckland International Airport and Australia & New Zealand Banking Group gaining. More >>
NZ dollar continues decline against USD on dairy price fall
Thursday, 5 January 2017, 9:02 am | BusinessDesk
Jan. 4 (BusinessDesk) - The New Zealand dollar has continued to fall against the greenback, trading below 69 US cents off the back of the biggest drop in dairy prices in three months. More >>
Sealord profit more than doubles 2016 profit
Thursday, 5 January 2017, 9:00 am | BusinessDesk
Jan. 4 (BusinessDesk) - Sealord more than doubled annual profit as the country's second biggest fishing group reaped fatter margins from a larger catch attracting better prices. More >>
While you were sleeping: GM, Ford stocks rally
Thursday, 5 January 2017, 7:48 am | BusinessDesk
Jan. 5 (BusinessDesk) - Shares of US car makers including General Motors climbed as their latest monthly sales beat expectations, bolstering optimism about the outlook. More >>
Plexure inks second $1M contract at end of 2016
Wednesday, 4 January 2017, 1:08 pm | BusinessDesk
Jan. 4 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, says it has passed $10 million in annualised committed monthly revenue (ACMR) after signing a new $1 million contract with an undisclosed client. More >>
NZ dollar range-bound as greenback strength continues
Wednesday, 4 January 2017, 12:02 pm | BusinessDesk
Jan. 4 (BusinessDesk) - The New Zealand dollar edged lower, remaining in recent ranges, as the greenback's ascendancy stays intact with the prospect of large US infrastructure spending and a strong economy continue to support the expectation for higher US interest ... More >>
While you were sleeping: Stocks, greenback climb
Wednesday, 4 January 2017, 10:13 am | BusinessDesk
Jan. 4 (BusinessDesk) - Wall Street and the US dollar advanced as better-than-expected manufacturing data underpinned optimism about the outlook. More >>
While you were sleeping: Stocks, greenback climb
Wednesday, 4 January 2017, 7:42 am | BusinessDesk
Jan. 4 (BusinessDesk) - Wall Street and the US dollar advanced as better-than-expected manufacturing data underpinned optimism about the outlook. More >>
Dairy product prices decline for second straight auction
Wednesday, 4 January 2017, 6:46 am | BusinessDesk
Jan. 4 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, sliding for a second consecutive auction, as whole milk powder prices unexpectedly sank amid increased volume on offer. More >>
NZ dollar heads for 2% gain in 2016, belying volatile year
Friday, 30 December 2016, 5:02 pm | BusinessDesk
Dec. 30 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent gain against the greenback this year, belying the currency's volatility in a year that delivered unexpected results in the UK's vote on European Union membership and the US presidential ... More >>
MARKET CLOSE: NZX50 ends year 9% higher
Friday, 30 December 2016, 4:57 pm | BusinessDesk
Dec. 30 (BusinessDesk) - New Zealand shares were mixed on the last trading day of the year, with the benchmark index ending 9 percent higher than on Jan. 1, breaking a four-year streak of double-digit gains. More >>
Plexure shares soar after signing agreement with McDonald's
Friday, 30 December 2016, 4:54 pm | BusinessDesk
Dec. 30 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, has signed an agreement with the biggest McDonald's franchisee in Latin America and the Caribbean, expanding its relationship with the global fast food giant. More >>
Spotlight's NZ arm posts FY16 profit drop as costs rise
Friday, 30 December 2016, 2:58 pm | BusinessDesk
Dec. 30 (BusinessDesk) - Spotlight, New Zealand's largest fabric, craft and home decor retail chain owned by one of Australia's wealthiest families, posted a decline in profit for the first year in five in 2016, as it marked two decades in this country. More >>
Lateral Corp goes private
Friday, 30 December 2016, 2:55 pm | BusinessDesk
Dec. 30 (BusinessDesk) - NZAX-listed mobile payments company Lateral Corp is the vehicle for a backdoor listing in a $3.2 million deal with property developer Golden Tower NZ. More >>
