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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 490]
NZ dollar little changed ahead of Fed meeting
Tuesday, 13 December 2016, 9:24 am | BusinessDesk
Dec. 12 (BusinessDesk) - The New Zealand dollar was little changed against the greenback ahead of this week's Federal Reserve policy meeting, which is expected to see a hike in the federal funds rate and potentially a stronger forecast track for economic ... More >>
Chairman urges new PM to continue push for trade deals
Tuesday, 13 December 2016, 9:20 am | BusinessDesk
Dec. 12 (BusinessDesk) - Fonterra chairman John Wilson has told investors in the cooperative’s unit fund that it’s critical the government continues driving regional and multi-lateral trade agreements. More >>
Aotearoa credit union reprimanded by Reserve Bank
Tuesday, 13 December 2016, 9:15 am | BusinessDesk
Dec. 12 (BusinessDesk) - Aotearoa Credit Union has been issued a formal warning by the Reserve Bank because the regulator believes the lender failed to meet its obligations under anti-money laundering and the funding of terrorism rules. More >>
Moody's expects further reforms to boost economy
Tuesday, 13 December 2016, 9:14 am | BusinessDesk
Dec. 12 (BusinessDesk) - Moody's Investors Service says New Zealand's strong public finances have given it significant flexibility to deal with negative shocks and it expects further economic reforms under the new Prime Minister Bill English. More >>
English and Bennett need to demonstrate change
Tuesday, 13 December 2016, 9:12 am | BusinessDesk
Dec. 12 (BusinessDesk) - Leader of the opposition Andrew Little has congratulated Bill English on his selection as the new prime minister, but warned both he and deputy Paula Bennett need to demonstrate they have something new to offer New Zealanders. More >>
While you were sleeping: Oil rallies
Tuesday, 13 December 2016, 7:55 am | BusinessDesk
Dec. 13 (BusinessDesk) - Wall Street was mixed, after both the Dow and the S&P 500 touched record highs again, while oil prices rallied amid a fresh agreement to ease output. More >>
English, confirmed PM, doesn't see Trump-like protest vote
Monday, 12 December 2016, 4:00 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Bill English and Paula Bennett have been voted in as prime minister and deputy PM by the National Party's caucus ahead of their swearing-in by the governor general this afternoon. More >>
NZ wholesale trade rises 1% in third quarter
Monday, 12 December 2016, 2:26 pm | BusinessDesk
Dec. 12 (BusinessDesk) - New Zealand wholesale trade rose in the third quarter led by sales of basic materials such as agricultural products and motor vehicles and auto parts. More >>
Zodiac Motor Co fined $105,000 for false AA claims
Monday, 12 December 2016, 2:04 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Car dealer Zodiac Motor Company in Auckland has been fined $105,000 after pleading guilty to charges brought by the Commerce Commission over falsely claiming its cars were appraised by the Automobile Association. More >>
Heartland plans to raise $30 mln across bookbuild
Monday, 12 December 2016, 1:38 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Heartland Bank wants to raise up to $30 million through a placement and share purchase plan to maintain its capital ratio after strong lending growth, as well as support its digital strategy. More >>
NZ house prices rise 13% to record in November
Monday, 12 December 2016, 12:45 pm | BusinessDesk
New Zealand's median house price rose 13 percent to a record in November, with all regions posting an increase, according to the Real Estate Institute. More >>
NZ dollar falls vs greenback on US confidence survey
Monday, 12 December 2016, 12:10 pm | BusinessDesk
Dec. 12 (BusinessDesk) - The New Zealand dollar fell against the greenback after a measure of US consumer confidence climbed more than expected and reached a 19-month high versus the euro following the European Central Bank's stimulus extension. More >>
World Week Ahead: Fed set to move
Monday, 12 December 2016, 9:27 am | BusinessDesk
Dec. 12 (BusinessDesk) - With Wall Street at record highs, investors are keenly awaiting the US Federal Reserve’s view on the outlook for interest rates next year. More >>
MARKET CLOSE: NZ shares fall
Friday, 9 December 2016, 9:12 pm | BusinessDesk
Dec. 9 (BusinessDesk) - New Zealand shares fell, led lower by Spark New Zealand and Scales Corp, while Orion Health Group rose from its record low. More >>
NZ dollar at 18-month high vs euro on ECB extension
Friday, 9 December 2016, 9:11 pm | BusinessDesk
NZ dollar at 18-month high vs euro on ECB extension, seen weaker as yield premium shrinks More >>
Cooks doubles 1H loss, seeks equity to fund Chinese growth
Friday, 9 December 2016, 9:09 pm | BusinessDesk
Dec. 9 (BusinessDesk) - Cooks Global Foods, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, doubled its first-half loss and says it's in negotiations with its Chinese shareholders about raising equity ... More >>
Anadarko drops offshore oil prospect, still 'committed to NZ
Friday, 9 December 2016, 9:08 pm | BusinessDesk
Dec. 9 (BusinessDesk) - Texas-based oil and gas explorer and producer Andarko has joined a string of other oil majors in dropping an exploration licence in lightly explored offshore areas of New Zealand, although continues to hold interests in two ... More >>
BurgerFuel narrows 1H loss, plans to buy more stores
Friday, 9 December 2016, 5:36 pm | BusinessDesk
Dec. 9 (BusinessDesk) - Burger Fuel Worldwide narrowed its first-half loss and says it wants to buy more stores and is still looking to expand into the US though its sales and option and collaboration agreements with investor Franchise Brands have ... More >>
NZ credit, debit card spending falls in November
Friday, 9 December 2016, 3:12 pm | BusinessDesk
Dec. 9 (BusinessDesk) - New Zealand retail spending on electronic cards fell in November, snapping two consecutive months of gains, amid disruption from the Kaikoura earthquake. More >>
Stop calling KiwiSaver suspension a 'holiday' - Commissioner
Friday, 9 December 2016, 3:01 pm | BusinessDesk
Dec. 9 (BusinessDesk) - The right to suspend payments to KiwiSaver schemes should be reduced from five years to one and the so-called 'contributions holiday' should be renamed a 'savings suspension' to "remove the positive connection with a ... More >>
