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BusinessDesk - Latest News [Page 491]
Ex-AT staffer and supplier found guilty over bribes
Friday, 9 December 2016, 2:43 pm | BusinessDesk
Dec. 9 (BusinessDesk) - Two men have been found guilty over more than $1 million of fraud at Rodney District Council and Auckland Transport. More >>
Mercer sells 130.8M shares to fund acquisition
Friday, 9 December 2016, 2:31 pm | BusinessDesk
Dec. 9 (BusinessDesk) - Mercer Group, the unprofitable stainless steel fabricator, has issued 130.8 million new shares at 1 cent each to fund its purchase of the assets and business of Hastings-based Haden & Custance. More >>
NZ wool prices fall at weekly auction
Friday, 9 December 2016, 2:28 pm | BusinessDesk
Dec. 9 (BusinessDesk) - New Zealand wool prices fell at the latest weekly auction as more bales than expected were offered for sale. More >>
Chinese group sets out Airwork offer to shareholders
Friday, 9 December 2016, 12:13 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Zhejiang Rifa Holding Group has set out its bid for a partial takeover of Airwork Holdings, the Auckland-based aircraft services business, telling shareholders that it will seek to grow Airwork's presence in emerging markets such ... More >>
MBIE 'well short' on payroll issue with no end date in sight
Friday, 9 December 2016, 12:10 pm | BusinessDesk
Dec. 8 (BusinessDesk) - David Clark, Labour's spokesperson for economic development, says he's "very concerned" about the performance of the Ministry for Business, Innovation and Employment after an audit, with the holiday payroll issue still hanging ... More >>
NZ dollar rises to 18-month high vs euro
Friday, 9 December 2016, 12:09 pm | BusinessDesk
Dec. 9 (BusinessDesk) - The New Zealand dollar rose to an 18-month high against a broadly weaker euro after the European Central Bank extended its asset purchase programme by nine months and signalled it wasn't about to exit the market. More >>
While you were sleeping: ECB extends asset purchases
Friday, 9 December 2016, 10:56 am | BusinessDesk
Dec. 9 (BusinessDesk) - Wall Street climbed to fresh records as optimism about the outlook for the US economy prevailed, while European Central Bank President Mario Draghi announced an extension of the central bank’s quantitative easing program. More >>
NZ dollar gains to month-high vs greenback
Friday, 9 December 2016, 10:53 am | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand dollar rose to month highs against the greenback and the Australian dollar after Reserve Bank Governor Graeme Wheeler said he sees "continued strong growth" in the economy, a sentiment backed up today with ... More >>
Hellaby hints at possible breakup on its own terms
Friday, 9 December 2016, 10:51 am | BusinessDesk
Dec. 8 (BusinessDesk) - Hellaby Holdings, which is engaged in a battle to fend off unwanted suitor Bapcor, has told shareholders it could move to break up the company to realise shareholder value. More >>
UPDATE: ANZ's UDC finance unit posts record profit
Friday, 9 December 2016, 10:47 am | BusinessDesk
Dec. 8 (BusinessDesk) - ANZ Bank New Zealand's UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction. More >>
While you were sleeping: ECB extends asset purchases
Friday, 9 December 2016, 7:54 am | BusinessDesk
Dec. 9 (BusinessDesk) - Wall Street climbed to fresh records as optimism about the outlook for the US economy prevailed, while European Central Bank President Mario Draghi announced an extension of the central bank’s quantitative easing program. More >>
UDC posts record profit despite interest margin fall
Thursday, 8 December 2016, 5:38 pm | BusinessDesk
Dec. 8 (BusinessDesk) - ANZ Bank New Zealand's UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction. More >>
Spending wins over tax cuts; big ticket items get boost
Thursday, 8 December 2016, 4:55 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More >>
NZ government to spend more as economy accelerates
Thursday, 8 December 2016, 4:52 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand government has earmarked an extra $2.1 billion for capital spending in its election-year budget as it benefits from a stronger forecast track of economic growth in the next few years that will swell its tax take. More >>
English cites 'strong support', won't name preferred deputy
Thursday, 8 December 2016, 4:49 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Finance Minister Bill English says he is "finding strong support in the caucus” for his bid to replace John Key as Prime Minister next Monday after Key unexpectedly announced his resignation and departure from politics on Monday. More >>
Fonterra total payout this year likely to be $6.40/kgMS
Thursday, 8 December 2016, 4:13 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Fonterra Cooperative Group has told shareholders at its annual meeting in Darfield today that the indicative payout level to its 10,500 farmer suppliers this season will be $6.40 per kilogram of milk solids. More >>
Fairfax Media confirms approach by potential buyer
Thursday, 8 December 2016, 3:40 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Fairfax Media, which plans to merge its New Zealand media business with rival NZME, confirmed speculation it had been approached by a third party about the acquisition of its New Zealand unit, but said it's not in talks with ... More >>
Review notes 'continued low level' of reporting by NZ firms
Thursday, 8 December 2016, 3:05 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The Financial Markets Authority says it is "particularly concerned" about continued low levels of reporting by New Zealand financial services firms of suspicious transaction reports under requirements of the Anti-Money Laundering ... More >>
Blue Sky Meats urges shareholders to wait for more info
Thursday, 8 December 2016, 1:29 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Blue Sky Meats has recommended shareholders wait for more information from the board on the future prospects of the meat processor before deciding on a takeover offer from China-based Heilongjiang Binxi Cattle Industry Co, which ... More >>
RBNZ's Wheeler sees 'continued strong economic growth'
Thursday, 8 December 2016, 12:40 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says the prospects are good for "continued strong growth" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up ... More >>
