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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 510]
Airwork sale extended as RIFA seeks regulator approval
Wednesday, 9 November 2016, 10:32 am | BusinessDesk
Nov. 8 (BusinessDesk) - Airwork Holdings, the Auckland-based aircraft services business, has received a second takeover notice for the proposed partial takeover by Zhejiang Rifa Holding Group in a move that gives the Chinese group more time to get the backing ... More >>
General Cable plans to close NZ operations
Wednesday, 9 November 2016, 10:28 am | BusinessDesk
Nov. 8 (BusinessDesk) - General Cable Corp intends to close its local operations, making 160 people redundant, after failing to find a buyer for its remaining Asia Pacific businesses, including the New Zealand unit. More >>
Vegetables NZ to sign up for sharing biosecurity costs
Wednesday, 9 November 2016, 8:53 am | BusinessDesk
Nov. 8 (BusinessDesk) - Vegetables New Zealand has signed an agreement with the government to share the cost of managing biosecurity procedures as it faced being charged for some of the costs with no input otherwise. More >>
ironsands miner ordered to unseal confidential evidence
Wednesday, 9 November 2016, 8:50 am | BusinessDesk
Nov. 8 (BusinessDesk) - The Environment Court has ordered would-be seabed ironsands miner Trans Tasman Resources to make public large amounts of evidence relating to the environmental impacts of its plans to mine iron ore off the coast of Whanganui. More >>
While you were sleeping: Clinton seen leading
Wednesday, 9 November 2016, 7:13 am | BusinessDesk
Nov. 9 (BusinessDesk) - Wall Street advanced, recovering from earlier losses, amid signs that US voters are favouring Democratic candidate Hillary Clinton to become the next president. More >>
PSA looking into staffing issues at NZ courts
Tuesday, 8 November 2016, 9:44 pm | BusinessDesk
Nov. 8 (BusinessDesk) - The New Zealand Law Society and the Public Service Association are investigating reports that courts are understaffed, with at least one judge blaming the issue for slow decisions. More >>
A2 Milk reports first quarter revenue of $112.5 mln
Tuesday, 8 November 2016, 9:41 pm | BusinessDesk
Nov. 8 (BusinessDesk) - A2 Milk, which markets milk based on the supposed health benefits of the A2 milk protein, says first quarter sales met expectations with sales driven by growth in infant formula and milk. The shares rose 4 percent on the update. More >>
NZ dollar steady ahead of US vote, RBNZ call on cash rate
Tuesday, 8 November 2016, 9:39 pm | BusinessDesk
Nov. 8 (BusinessDesk) - The New Zealand dollar remained steady against its US counterpart ahead of voting in the American presidential election on Tuesday in the US, and the Reserve Bank of New Zealand's monetary policy statement on Thursday, when a quarter ... More >>
MARKET CLOSE: NZ shares rise, led by A2 Milk, Comvita
Tuesday, 8 November 2016, 9:36 pm | BusinessDesk
Nov. 8 (BusinessDesk) - New Zealand shares rose ahead of the US presidential election, led higher by A2 Milk Co, Comvita, and Orion Health Group, while Trustpower fell. More >>
NZME shares slump to new low
Tuesday, 8 November 2016, 4:44 pm | BusinessDesk
Nov. 8 (BusinessDesk) - NZME shares sink 24 percent after the Commerce Commission's early view that a merger with Fairfax New Zealand would concentrate too much power under one umbrella, irrespective of the financial gains. More >>
RBNZ's Spencer signals new oversight for payments systems
Tuesday, 8 November 2016, 2:52 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Reserve Bank deputy governor Grant Spencer is signalling a new supervision regime for the country's payments system, two years after he first outlined concerns about the global infrastructure that facilitates wholesale market ... More >>
$25.3 million takeover for Blue Sky Meats
Tuesday, 8 November 2016, 2:14 pm | BusinessDesk
Nov. 8 (BusinessDesk) - China-based Heilongjiang Binxi Cattle Industry Co intends to make a $25.3 million takeover offer for Blue Sky Meats, the Southland-based meat processor whose shares trade on the Unlisted platform. More >>
Lamb flap prices jump to 18-month high
Tuesday, 8 November 2016, 2:13 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Lamb flap prices jumped to their highest level in a year and a half, driven by increased demand from China where buyers are stocking up for New Year celebrations. More >>
Concentration of NZME, Fairfax tie-up a concern
Tuesday, 8 November 2016, 1:54 pm | BusinessDesk
Nov. 8 (BusinessDesk) - The financial gains delivered by merging the country's two biggest publishers - NZME and Fairfax New Zealand - would be a concern irrespective of their size given the concentration of power and ability to influence opinions, ... More >>
NZME, Fairfax NZ merger in trouble in ComCom draft decision
Tuesday, 8 November 2016, 12:00 pm | BusinessDesk
Nov. 8 (BusinessDesk) - The Commerce Commission's draft view is that it should reject a merger of NZME and Fairfax New Zealand, which it says would "result in an unprecedented level of media concentration for a well-established liberal democracy" with the potential ... More >>
NZ dollar edges higher as stocks rally
Tuesday, 8 November 2016, 11:45 am | BusinessDesk
Nov. 8 (BusinessDesk) - The New Zealand dollar edged higher against the greenback as Hillary Clinton's lead in polling ahead of the US presidential election bolstered investor sentiment in the tightly contested race. More >>
Manufacturers' confidence collapses
Tuesday, 8 November 2016, 9:13 am | BusinessDesk
Nov. 7 (BusinessDesk) - A survey of business conditions by the New Zealand Manufacturers and Exporters Association has reported confidence in the sector falling to its lowest level in more than 2 1/2 years years. More >>
Budget 2017: Govt finds $300 mln for emergency housing
Tuesday, 8 November 2016, 9:04 am | BusinessDesk
Nov. 7 (BusinessDesk) - The government has announced $300 million in emergency housing, $120 million of which will be available to buy motels, build short term modular housing, and allow construction of temporary housing on Crown land earmarked for roads and ... More >>
Labour targets ICT as second largest economic contributor
Tuesday, 8 November 2016, 9:02 am | BusinessDesk
Nov. 7 (BusinessDesk) - A Labour-led government would target the ICT sector to be New Zealand's second largest contributor to the economy by 2025, believing it is a job-rich source of growth for a nation of small businesses. More >>
NZ dollar little changed, lagging behind stock rally
Tuesday, 8 November 2016, 9:00 am | BusinessDesk
Nov. 7 (BusinessDesk) - The New Zealand dollar was little changed despite volatile global markets ahead of the US presidential vote and what's expected to be a cut in the official cash rate on Thursday. More >>
