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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 492]
NZ dollar gains ahead of Wheeler speech
Thursday, 8 December 2016, 12:01 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank Governor Graeme Wheeler and before the government's fiscal and economic update, which may paint a more upbeat picture of the outlook. More >>
Reserve Bank's Wheeler says immigration forecasts were wrong
Thursday, 8 December 2016, 8:32 am | BusinessDesk
Dec. 7 (BusinessDesk) - Reserve Bank Governor Graeme Wheeler said he accepts the central bank got its migration forecasts wrong but it was hard to know how much inward migration New Zealand would attract under current policies. More >>
Construction boom to drive growth in NZ jobs
Thursday, 8 December 2016, 8:29 am | BusinessDesk
Dec. 7 (BusinessDesk) - New Zealand's construction boom is expected to be the single biggest driver of employment growth over the next three years, generating about 29 percent of a forecast 183,900 jobs to be created by March 2019, government figures ... More >>
Chow Group reports $114k first-half profit
Thursday, 8 December 2016, 8:27 am | BusinessDesk
Dec. 7 (BusinessDesk) - Chow Group, the NZAX-listed vehicle controlled by property developers John and Michael Chow, has reported a net profit of $114,029 in the six months to the end of September. More >>
Fairfax boss warns of 'end game' if merger disallowed
Thursday, 8 December 2016, 8:26 am | BusinessDesk
Dec. 7 (BusinessDesk) - The chief executive of Australasian news publisher Fairfax Media, Greg Hywood, warned Commerce Commission hearings on the proposed merger between NZME and Fairfax's New Zealand assets that it would "become endgame" if the merger ... More >>
NZ dollar gains vs Aussie as Australian economy shrinks
Thursday, 8 December 2016, 8:24 am | BusinessDesk
Dec. 7 (BusinessDesk) - The New Zealand dollar rose against its trans-tasman counterpart after figures showed the Australian economy shrank 0.5 percent last quarter, the first time it has contracted since 2011. More >>
Funds required for NZ migrant investor visa to double
Thursday, 8 December 2016, 8:23 am | BusinessDesk
Dec. 7 (BusinessDesk) - Wealthy overseas business owners and investors will have to invest at least $3 million in New Zealand from May next year under changes announced by Immigration Minister Michael Woodhouse. More >>
MARKET CLOSE: NZ shares drop, led by Orion Health
Thursday, 8 December 2016, 8:22 am | BusinessDesk
Dec. 7 (BusinessDesk) - New Zealand shares declined as Orion Health Group extended its slide following its first-half results, while Tower rose. More >>
While you were sleeping: Fresh records on Wall St
Thursday, 8 December 2016, 7:42 am | BusinessDesk
Dec. 8 (BusinessDesk) - Wall Street rose, pushing both the Dow and the S&P 500 to record highs, as optimism about the outlook for the US economy and corporate profits gained traction. More >>
Wheeler not keen on bank deposit insurance
Wednesday, 7 December 2016, 5:18 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The Reserve Bank is unlikely to introduce state-backed insurance on bank deposits, saying the moral hazard is too high and it prefers the option of protecting those with small balances through guaranteed repayments. More >>
Gareth Morgan says NZ's wealthiest 20% would pay more
Wednesday, 7 December 2016, 4:54 pm | BusinessDesk
Gareth Morgan says NZ's wealthiest 20% including Key would pay more under Opportunities Party tax policy More >>
NZ Thoroughbred unit narrows annual loss as sales jump
Wednesday, 7 December 2016, 4:19 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Australian retailing billionaire Gerry Harvey's local bloodstock business, NZ Thoroughbred Holdings, narrowed its annual loss in 2016 as revenue rose 35 percent on sales of yearlings and demand for its stallions. More >>
Fonterra likely to lift farmer payouts further this season
Wednesday, 7 December 2016, 4:15 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Fonterra Cooperative Group is expected to lift its farmgate milk price payout to farmers after a further gain in global dairy auction prices overnight. More >>
GCSB wants to give ISPs more power to block cyber threats
Wednesday, 7 December 2016, 1:46 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The Government Communications Security Bureau wants to give internet service providers more information and power to block cyber threats which are increasing, its director told the intelligence and security select committee ... More >>
New party policy reiterates call for tax on equity
Wednesday, 7 December 2016, 1:37 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The first policy of Gareth Morgan’s new Opportunities Party has been released this morning – repeating a call he made earlier this year for a tax on equity to make the revenue system fairer. More >>
Zespri plans new $43 million head office
Wednesday, 7 December 2016, 12:39 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Zespri Group plans to start construction next year on a $42.8 million head office to create a hub for the expanding kiwifruit industry. More >>
NZ dollar slips as dairy prices rise as expected
Wednesday, 7 December 2016, 11:40 am | BusinessDesk
Dec. 7 (BusinessDesk) - The New Zealand dollar fell as dairy prices rose as expected in the latest GlobalDairyTrade auction and traders looked ahead to Reserve Bank governor Graeme Wheeler's appearance at the parliament today, which may give him scope to ... More >>
Bluebridge ferry service bought by Australian private equity
Wednesday, 7 December 2016, 8:55 am | BusinessDesk
Dec. 6 (BusinessDesk) - The company behind Interislander rival, Bluebridge Cook Strait Ferry Service, has been sold to an Australian private equity group. More >>
Stocks show little sign of increased risk premium
Wednesday, 7 December 2016, 8:54 am | BusinessDesk
Dec. 6 (BusinessDesk) - The New Zealand dollar has risen to its highest level this month and the benchmark stock index has gained from yesterday's close, suggesting little risk premium has been added for the resignation of Prime Minister John Key ... More >>
Oyster Bay owner Delegat to raise prices in UK
Wednesday, 7 December 2016, 8:51 am | BusinessDesk
Dec. 6 (BusinessDesk) - Delegat Group, the owner of Oyster Bay wine, has warned it will have to increase prices in the UK due to the sustained weakness of the pound following the vote for Britain to leave the European Union More >>
