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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 50]
NZ dollar rises against the Aussie
Tuesday, 18 June 2019, 8:48 pm | BusinessDesk
June 18 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after the Reserve Bank of Australia said it is more likely than not to cut its cash rate further. More >>
Electricity Authority urged to test privacy status of meters
Tuesday, 18 June 2019, 7:04 pm | BusinessDesk
June 18 (BusinessDesk) - The Electricity Authority has been urged to clarify the status of consumers’ meter data under the Privacy Act and how third-parties should be given access to it. More >>
Shorn Fonterra likely to keep ingredients business - Jarden
Tuesday, 18 June 2019, 5:01 pm | BusinessDesk
June 18 (BusinessDesk) - Fonterra Cooperative Group needs to present a coherent investment case for the surviving business challenged by volatile earnings and limited New Zealand milk supply growth, according to Jarden analysts. More >>
Shorn Fonterra likely to keep ingredients business - Jarden
Tuesday, 18 June 2019, 4:53 pm | BusinessDesk
June 18 (BusinessDesk) - Fonterra Cooperative Group needs to present a coherent investment case for the surviving business challenged by volatile earnings and limited New Zealand milk supply growth, according to Jarden analysts. More >>
Fully automated milking several decades away - Dairy NZ
Tuesday, 18 June 2019, 3:27 pm | BusinessDesk
June 18 (BusinessDesk) - Industry body Dairy NZ sees fully automated milking as a major opportunity to lift on-farm productivity, but doesn't expect it to be commonplace for several decades. More >>
NZ consumer confidence still downbeat in June quarter
Tuesday, 18 June 2019, 12:15 pm | BusinessDesk
June 18 (BusinessDesk) - New Zealand households remain downbeat with consumer confidence dipping in June and remaining at below average levels, the latest Westpac McDermott Miller survey shows. More >>
NZ dollar largely steady; focus on FOMC
Tuesday, 18 June 2019, 11:00 am | BusinessDesk
June 18 (BusinessDesk) - The New Zealand dollar was largely steady against the greenback after soft data in the US and ahead of the Federal Reserve's open market committee meeting. More >>
Farm debt mediation will ensure fair process - O'Connor
Tuesday, 18 June 2019, 8:16 am | BusinessDesk
June 17 (BusinessDesk) - Mandatory mediation before enforcement is taken against farmers struggling to meet their loan commitments will ensure a fair process and take some of the pressure off rural families during times of stress, Agriculture ... More >>
MARKET CLOSE: NZ shares fall
Monday, 17 June 2019, 8:51 pm | BusinessDesk
June 17 (BusinessDesk) - New Zealand shares fell in relatively quiet trading, weighed down by blue-chip stocks such as Auckland International Airport and Meridian Energy which have been trading near records. More >>
NZ dollar edges higher, awaiting further impetus
Monday, 17 June 2019, 8:47 pm | BusinessDesk
June 17 (BusinessDesk) - The New Zealand dollar was slightly stronger as the market awaited further developments affecting global trade and on other geopolitical fronts such as the attacks last week on oil tankers in the Gulf of Oman. More >>
Productivity Commission appointments bolster
Monday, 17 June 2019, 8:46 pm | BusinessDesk
June 17 (BusinessDesk) - Finance Minister Grant Robertson's two newest appointments to the board of the Productivity Commission will beef up its credentials in the economics of labour and health issues, and environmental policy. More >>
Keytone Dairy to buy Aus Omniblend processor for A$22.4M
Monday, 17 June 2019, 5:11 pm | BusinessDesk
June 17 (BusinessDesk) - ASX-listed Keytone Dairy, which owns a dairy factory in Christchurch, will pay A$22.4 million in cash, shares and assumed debt for Australian powder processor Omniblend. More >>
Very real chance monetary policy will run out of ammo - ANZ
Monday, 17 June 2019, 5:07 pm | BusinessDesk
June 17 (BusinessDesk) - ANZ Bank says there is a “very real” chance that New Zealand's monetary policy will run out of conventional ammunition and suggested the central bank look at a series of unconventional measures, including quantitative ... More >>
NZ economy probably grew 0.6% in 1Q but rate cuts expected
Monday, 17 June 2019, 3:38 pm | BusinessDesk
June 17 (BusinessDesk) - Strong building work and better-than-expected retail sales data likely underpinned New Zealand’s economic growth in the March quarter, but economists are still picking more rate cuts. More >>
Local travellers boost guest nights in April
Monday, 17 June 2019, 2:27 pm | BusinessDesk
June 17 (BusinessDesk) - Domestic travellers underpinned a 5.1 percent increase in accommodation guest nights in April, due to the Easter and Anzac Day holidays coinciding with school break. More >>
Hisco ANZ departure becomes permanent amid expense concerns
Monday, 17 June 2019, 1:50 pm | BusinessDesk
ANZ Bank’s New Zealand chief executive David Hisco’s sick leave has turned into his permanent departure as board concerns about personal expenses surface. More >>
NZ services sector activity picks up in May but still tepid
Monday, 17 June 2019, 1:40 pm | BusinessDesk
Activity in New Zealand's services sector lifted in May following a three-month lull but remains below the long-term average. More >>
Contact's Barnes to depart
Monday, 17 June 2019, 12:35 pm | BusinessDesk
June 17 (BusinessDesk) - Contact Energy chief executive Dennis Barnes is to leave the business early next year. More >>
Record-low rates point to terrible growth
Monday, 17 June 2019, 11:31 am | BusinessDesk
June 17 (BusinessDesk) - At first glance, record-low wholesale interest rate markets and soaring stocks appear to be occupying different universes. More >>
NZ dollar lower on stronger than expected US retail data
Monday, 17 June 2019, 11:09 am | BusinessDesk
June 17 (BusinessDesk) - The New Zealand dollar was trading lower after stronger than expected US retail data ahead of the Federal Reserve's meeting this week. More >>
