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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 507]
Quake disrupts port operations
Monday, 14 November 2016, 3:51 pm | BusinessDesk
Nov. 14 (BusinessDesk) - The 7.5 magnitude earthquake in the upper South Island that killed two people and triggered tsunami warnings disrupted the port operations of at least four cities. More >>
NZ stocks gain in muted response to South Island quake
Monday, 14 November 2016, 2:37 pm | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand shares rose in a subdued response to the 7.5 magnitude earthquake in the upper South Island that's claimed two lives and brought Wellington's CBD to a standstill. More >>
PM Key postpones trip to Argentina after NZ earthquake
Monday, 14 November 2016, 2:35 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Prime Minister John Key has postponed a planned trip to Argentina after a magnitude 7.5 earthquake near Seddon overnight left two people dead, triggered tsunami warnings and damaged buildings as far north as Wellington. More >>
Abano hires Grant Samuel to assess Healthcare Partners offer
Monday, 14 November 2016, 2:28 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Abano Healthcare Group has hired Grant Samuel to assess a partial takeover offer from dissident shareholders Anya and Peter Hutson and James Reeves, which the board says is not in the best interests of other investors based ... More >>
Capital + Merchant receivers settle with Perpetual Trust
Monday, 14 November 2016, 1:32 pm | BusinessDesk
Nov. 14 (BusinessDesk) - It’s understood there has been a settlement of a compensation claim brought by the receivers of collapsed finance company Capital + Merchant against trustee Perpetual Trust just before a High Court trial on the matter was due to be ... More >>
NZ house prices gain 11% in October
Monday, 14 November 2016, 1:30 pm | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand's median house price increased 11 percent in October, as tougher lending rules failed to dampen sales of higher value properties, according to the Real Estate Institute of New Zealand. More >>
Wellington in shutdown as quake fallout assessed
Monday, 14 November 2016, 12:40 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Wellington is in shutdown as damage is assessed from a 7.5 magnitude earthquake in the upper South Island, although New Zealand's central bank and stock exchange officials say the nation's payments systems is unscathed ... More >>
NZ dollar drops after magnitude 7.5 earthquake
Monday, 14 November 2016, 11:56 am | BusinessDesk
Nov. 14 (BusinessDesk) - The New Zealand dollar fell to its lowest level in about a month after a magnitude 7.5 earthquake near Seddon left two people dead, triggered tsunami warnings and damaged buildings as far north as Wellington. More >>
World Week Ahead: Yellen testifies on outlook
Monday, 14 November 2016, 10:22 am | BusinessDesk
Nov. 14 (BusinessDesk) - As investors watch and digest the implications of Donald Trump’s upset victory in the US presidential elections, US Federal Reserve Chair Janet Yellen is set to testify on the country’s economic outlook before Congress ... More >>
Era of trade liberalisation “over” in the West
Monday, 14 November 2016, 10:20 am | BusinessDesk
Nov. 13 (BusinessDesk) - A generation of trade liberalisation “as we know it” is over, says Shashi Tharoor, a leading Indian political and international figure, visiting New Zealand today. More >>
NZ dollar below 72 US cents as US bonds spike
Saturday, 12 November 2016, 3:25 pm | BusinessDesk
Nov. 11 (BusinessDesk) - The New Zealand dollar fell as a selloff in US bonds, on what's expected to be more stimulatory US government policy under Donald Trump, eroded the yield premium on kiwi assets and demand for the carry trade. More >>
MARKET CLOSE: NZ shares down
Saturday, 12 November 2016, 3:24 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand shares declined at the end of a volatile week that saw Donald Trump win the US presidency. Orion Health Group and Kathmandu Holdings led the index lower, while Trade Me Group rose. More >>
Ngai Tahu key investor in $105 mln Movac technology fund
Saturday, 12 November 2016, 3:23 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Technology investment fund manager Movac has raised $105 million for its latest fund, including $75 million from institutional investors such as Ngai Tahu Holdings, the iwi’s commercial arm. More >>
English: Prison population as big a risk as interest rates
Saturday, 12 November 2016, 3:21 pm | BusinessDesk
Finance Minister English says soaring prison population as big a risk as world interest rates More >>
NZ, Israel close to signing bilateral innovation agreement
Friday, 11 November 2016, 5:23 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand and Israel are close to signing an innovation agreement that would lead to joint research and development. More >>
NZ food prices little changed steady in October
Friday, 11 November 2016, 2:31 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand food prices were little changed in October after adjusting for typical seasonal patterns. More >>
Hallenstein Glasson boss Popplewell to step down
Friday, 11 November 2016, 2:07 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Hallenstein Glasson chief executive Graeme Popplewell will step down from the day-to-day running of the clothing retailer at the end of the year, after five years at the helm. More >>
NZ manufacturing activity slips back in October
Friday, 11 November 2016, 2:06 pm | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealand manufacturing activity fell in October although it remained ahead of its long-term average More >>
Warehouse 1Q sales lift 3.9% with gains across all brands
Friday, 11 November 2016, 1:15 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, increased first-quarter sales with uplifts across all its brands ahead of the key Christmas trading period. More >>
Alliance lifts annual earnings 28%
Friday, 11 November 2016, 1:13 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat cooperative, boosted annual earnings 28 percent as plans to overhaul the business reducing debt and automating processing cut costs, more than offsetting weak meat prices and a ... More >>
