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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 486]
NZ Super Fund to invest up to $260M in local SMEs
Monday, 19 December 2016, 1:58 pm | BusinessDesk
Dec. 19 (BusinessDesk) - The New Zealand Superannuation Fund will invest as much as $260 million over the coming decade in small-scale local enterprises through three new mandates with Kiwi private equity firms. More >>
NZ consumer confidence gains in fourth quarter
Monday, 19 December 2016, 1:41 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Dec 19 (BusinessDesk) – New Zealand consumer confidence posted its biggest lift in four years in the December quarter as rural communities were more upbeat after gains in dairy prices although households remain cautious. More >>
Chorus names Telstra's Kate McKenzie as CEO
Monday, 19 December 2016, 12:29 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Chorus has named Telstra executive Kate McKenzie as its new chief executive, replacing Mark Ratcliffe who led the split of the telecommunications network operator from Telecom five years ago. More >>
Two Degrees cops bigger share of telco levy
Monday, 19 December 2016, 12:26 pm | BusinessDesk
Dec. 19 (BusinessDesk) - Two Degrees Mobile must pay a bigger share of the annual levy that funds non-viable telecommunications services as the country's third-placed mobile operator continues to lift its market share. More >>
NZ dollar drops below 70 US cents
Monday, 19 December 2016, 12:23 pm | BusinessDesk
The New Zealand dollar fell below 70 US cents, touching a six-month low in US trading on Friday, as two Federal Reserve speakers talked up the prospect of further interest rate hikes in the US, trumping expectations the Reserve Bank will begin raising rates ... More >>
World Week Ahead: Yellen to speak on jobs
Monday, 19 December 2016, 11:48 am | BusinessDesk
Dec. 19 (BusinessDesk) - Investors will be listening closely today to US Federal Reserve Chair Janet Yellen who is set to speak about the state of the job market. More >>
New PM delivers cautious Cabinet reshuffle
Sunday, 18 December 2016, 8:15 pm | BusinessDesk
Dec. 18 (BusinessDesk) - Newly appointed Prime Minister Bill English unveiled a cautious Cabinet reshuffle, leaving in place several Ministers who are either retiring at the 2017 election or whose questionable performance had led to speculation they would ... More >>
High Court approves class suit against Southern Response
Friday, 16 December 2016, 9:44 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Christchurch's High Court has approved a second attempt by a group of Southern Response Earthquake Services policyholders to bring a representative action against the Crown-owned insurance company for breach of contract. More >>
MARKET CLOSE: NZ shares rise as Tegel, A2 Milk bounce
Friday, 16 December 2016, 9:42 pm | BusinessDesk
Dec. 16 (BusinessDesk) - New Zealand shares rose, snapping five days of decline, with Tegel Group Holdings and A2 Milk Co recovering from being sold off earlier in the week, while Vista Group International and Infratil fell. More >>
NZ dollar heads for 1.4% weekly decline as greenback soars
Friday, 16 December 2016, 8:24 pm | BusinessDesk
Dec. 16 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent decline this week as the US Federal Reserve's track for higher US interest rates pushed the greenback to its highest level in 14 years. More >>
Real estate firms to pay $9.8M for price fixing
Friday, 16 December 2016, 8:16 pm | BusinessDesk
Real estate firms Barfoot, Harcourts, LJ Hooker, Ray White to pay $9.8M for price fixing More >>
NZ economy probably recorded 5th straight quarter of growth
Friday, 16 December 2016, 4:40 pm | BusinessDesk
Dec. 16 (BusinessDesk) - New Zealand's economy may have extended its steady rate of growth for a fifth straight quarter with buoyant retailing lifting the services sector and construction on a tear, making up for a weaker primary sector. More >>
NZ consumer confidence dips from 19-month high, still upbeat
Friday, 16 December 2016, 4:37 pm | BusinessDesk
Dec. 16 (BusinessDesk) - New Zealand consumer confidence slipped from a 19-month high this month while remaining relatively upbeat as people's optimism about the strength of the economy shook off the impacts of last month's Kaikoura earthquake. More >>
AFT to re-apply for heart medicine contract after shortages
Friday, 16 December 2016, 4:33 pm | BusinessDesk
Dec. 16 (BusinessDesk) - AFT Pharmaceuticals, the Auckland-based drug-maker, will have to re-apply to Pharmac for a heart medicine supply contract it won in July 2015 after suffering disrupted supply over the past year. More >>
Report on NZ social bonds pilot
Friday, 16 December 2016, 3:20 pm | BusinessDesk
Dec. 16 (BusinessDesk) - A report on failures within the government’s first social bonds pilot blames them on a lack of commercial expertise from the bureaucrats involved. More >>
Inno Capital buys AFS Fire Protection out of receivership
Friday, 16 December 2016, 2:53 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Inno Capital, the investment vehicle part-owned by Wellington property developers the Chow brothers, has bought fire services company AFS Total Fire Protection out of receivership, and says it wants turn the company around as ... More >>
NZOG pitches Kupe sale
Friday, 16 December 2016, 2:24 pm | BusinessDesk
Dec. 16 (BusinessDesk) - New Zealand Oil & Gas made its final pitch to shareholders to sign off the sale of its 15 percent stake in the Kupe oil and gas field to Genesis Energy for $168 million as the energy explorer and producer looks to diversify its ... More >>
Whole milk powder likely to be flat at next week's auction
Friday, 16 December 2016, 2:18 pm | BusinessDesk
Dec. 16 (BusinessDesk) - The price of whole milk powder, New Zealand's key commodity export, is likely to be little changed on the GlobalDairyTrade platform next week as more product is offered at auction. More >>
Vector comes out swinging at latest grid pricing proposals
Friday, 16 December 2016, 2:02 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Auckland's electricity network owner Vector has come out swinging at the Electricity Authority's latest proposals to shift the cost of the national grid to those areas benefitting most from investment in upgrades, saying ... More >>
Labour reshuffle gives Little 'new economy'
Friday, 16 December 2016, 1:51 pm | BusinessDesk
Dec. 16 (BusinessDesk) - Labour Party leader Andrew Little has announced a minor shadow Cabinet reshuffle, giving himself a new portfolio - 'New Economy' - and putting his sometime critic Stuart Nash into a supporting role as spokesman on innovation, ... More >>
