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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 482]
MBIE launches anti-dumping probe into Chinese steel imports
Friday, 23 December 2016, 9:43 pm | BusinessDesk
Dec. 23 (BusinessDesk) - The Ministry of Business, Innovation and Employment has launched an investigation into claims Chinese galvanised steel coil imports have been dumped on the local market, causing "material injury" to New Zealand ... More >>
NZ dollar little changed in light pre-Christmas trading
Friday, 23 December 2016, 5:31 pm | BusinessDesk
Dec. 23 (BusinessDesk) - The New Zealand dollar was well supported in thin trading ahead of the Christmas holiday, after US data overnight failed to push the greenback higher. More >>
MARKET CLOSE: NZ shares rise in run-up to Christmas
Friday, 23 December 2016, 5:27 pm | BusinessDesk
Dec. 23 (BusinessDesk) - New Zealand shares rose in abbreviated trading ahead of the Christmas holiday, led by blue-chip stocks including Auckland International Airport and Spark New Zealand, while Tenon gained on the prospect of it selling its remaining ... More >>
NZ economy flies through 2016's political curveballs
Friday, 23 December 2016, 2:32 pm | BusinessDesk
Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More >>
Vector to deal with electric cars that hog charging spaces
Friday, 23 December 2016, 1:54 pm | BusinessDesk
The problem, in this case, is some owners of electric vehicles treating charging stations outside Vector's Auckland head office as free car parks. More >>
Tenon in exclusive talks to sell remaining NZ operations
Friday, 23 December 2016, 1:24 pm | BusinessDesk
Dec. 23 (BusinessDesk) - Tenon, which sold its US operations for US$110 million, is in exclusive talks with a potential buyer of its remaining New Zealand assets, which would see the former Fletcher Challenge entity wound up. More >>
Pernod Ricard's Millstream unit doubles full-year profit
Friday, 23 December 2016, 1:22 pm | BusinessDesk
Dec. 23 (BusinessDesk) - Pernod Ricard’s New Zealand unit Friday reported an annual profit that more than doubled but warned it was still assessing the financial impact of the 7.8 magnitude Kaikoura earthquake that rattled the country in November. More >>
NZ, US win WTO case against Indonesia on trade restrictions
Friday, 23 December 2016, 1:16 pm | BusinessDesk
Dec. 23 (BusinessDesk) - New Zealand and the US have won their World Trade Organisation dispute over Indonesian trade barriers that led to the collapse in New Zealand beef exports to the southeast Asian country. More >>
Partners Life first-half insurance profit rose 14%
Friday, 23 December 2016, 12:37 pm | BusinessDesk
Dec. 23 (BusinessDesk) - Partners Life, a life insurance company whose owners include private equity firm Blackstone, said first-half earnings rose 14 percent as premium income grew faster than expenses. More >>
Mixed US data fails to dent greenback's momentum
Friday, 23 December 2016, 11:52 am | BusinessDesk
Dec. 23 (BusinessDesk) - The New Zealand dollar was little changed as a mixed US data in light pre-Christmas trading failed to dent the greenback's momentum, which is riding a wave of demand built up by the prospect of rising US interest rates. More >>
Supreme Court rules in favour of Whangarei homeowner
Friday, 23 December 2016, 8:30 am | BusinessDesk
Dec. 22 (BusinessDesk) - The Supreme Court has criticised leaky homes legislation as slow and "tortuous" for one homeowner, ruling in favour of her appeal against Whangarei District Council after lower courts said she was time-barred from court ... More >>
Canterbury DHB faces mounting deficits if nothing changes
Friday, 23 December 2016, 8:28 am | BusinessDesk
Dec. 22 (BusinessDesk) – A stage two financial review into the Canterbury district health board on New Zealand’s South Island points to future financial challenges if no changes are made. More >>
NZ housing credit growth slows as bank lending curbs bite
Friday, 23 December 2016, 8:25 am | BusinessDesk
Dec. 22 (BusinessDesk) - Housing credit growth continued to lose momentum in November, according to fresh figures from the Reserve Bank of New Zealand, as the latest investor loan-to-value ratio (LVR) restrictions look to be weighing on borrowing. More >>
NZ dollar edges lower as greenback strength increases
Friday, 23 December 2016, 8:24 am | BusinessDesk
Dec. 22 (BusinessDesk) - The New Zealand dollar fell as a stronger US dollar continues to dominate markets, overshadowing a better-than-expected gross domestic product number. More >>
Businessdesk - Year in Review
Friday, 23 December 2016, 8:22 am | BusinessDesk
Dec. 22 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index reached a record in September but its 10 percent correction since then puts it on track for the slowest pace of growth in five years. The 2016 year also confounded many stock pickers. More >>
MARKET CLOSE: NZ shares rise for 5th day
Friday, 23 December 2016, 8:21 am | BusinessDesk
Dec. 22 (BusinessDesk) - New Zealand shares rose with positive sentiment leading into the Christmas holiday period, which often sees a seasonal rally in light trading, led by Fisher & Paykel Healthcare, Trustpower and NZX. Air New Zealand fell. More >>
While you were sleeping: Oil gains, stocks slip
Friday, 23 December 2016, 7:46 am | BusinessDesk
Dec. 23 (BusinessDesk) - Equities on both sides of the Atlantic slipped, as did the US dollar, while oil moved higher amid optimism that producers will start easing output, as agreed, next month. More >>
NZ Super, ACC appoint Kiwibank directors
Thursday, 22 December 2016, 4:48 pm | BusinessDesk
Dec. 22 (BusinessDesk) The New Zealand Superannuation Fund and the Accident Compensation Corp today announced two appointments to the board of state-owned Kiwibank. More >>
Government joins forces with Hamilton City Council
Thursday, 22 December 2016, 3:20 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The Hamilton City Council will join other New Zealand centres and be able to fast-track new areas for residential development under a new deal with the government, Building and Construction Minister Nick Smith said today. More >>
Privacy Commissioner lashes drilling firm
Thursday, 22 December 2016, 3:19 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The Privacy Commissioner has taken the unusual step of publicly censuring a Whanganui drilling company, TD Drilling, for not only failing to protect the confidentiality of information provided by an employee about drug use among its ... More >>
