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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 515]
Xero bets on Denver to develop US business
Tuesday, 1 November 2016, 12:40 pm | BusinessDesk
Nov. 1 (BusinessDesk) - Xero is betting on Denver to be the cornerstone of its North American operations as it seeks to develop a core team to service the world's largest economy. More >>
NZ dollar little changed ahead of RBA
Tuesday, 1 November 2016, 12:06 pm | BusinessDesk
Nov. 1 (BusinessDesk) - The New Zealand dollar was little changed and has traded in a narrow range ahead of the latest GlobalDairyTrade auction, Reserve Bank of Australia rates review and labour market data at home and in the US. More >>
Tech incubator Powerhouse Ventures makes two new investments
Tuesday, 1 November 2016, 9:57 am | BusinessDesk
Oct. 31 (BusinessDesk) - ASX-listed Powerhouse Ventures has committed to invest up to $450,000 in a new ed-tech software company spun out of Victoria University’s Faculty of Education in Wellington in conjunction with Macleans College Auckland, ... More >>
Partial sale of Kiwibank to NZ Super, ACC completes
Tuesday, 1 November 2016, 8:24 am | BusinessDesk
Oct. 31 (BusinessDesk) - A deal which sees the New Zealand Super Fund and Accident Compensation Corp take a partial stake in Kiwibank's holding company has completed, with ACC taking a slightly larger stake than previously suggested and the bank being ... More >>
Michael Parsell gets A$2.4 million in exit payment
Tuesday, 1 November 2016, 8:22 am | BusinessDesk
Oct. 31 (BusinessDesk) - Michael Hill International shareholders have voted to pay former chief executive Michael Parsell a termination and exit package amounting to A$2.4 million at today’s annual meeting in Brisbane. More >>
Wynyard administrators make more than half staff redundant
Tuesday, 1 November 2016, 8:20 am | BusinessDesk
Oct. 31 (BusinessDesk) - More than half the staff at crime-fighting software company Wynyard Group have been made redundant by the company's administrators. More >>
NZ dollar rises as traders look ahead to US election
Tuesday, 1 November 2016, 8:19 am | BusinessDesk
Oct. 31 (BusinessDesk) - The New Zealand dollar gained as traders pondered the risks associated with the US election next week and awaited key data including employment, the survey of expectations and US non-farm payrolls. More >>
MARKET CLOSE: Sky TV falls while Spark gains
Tuesday, 1 November 2016, 8:16 am | BusinessDesk
Oct. 31 (BusinessDesk) - New Zealand shares were mixed, with Sky Network Television, Restaurant Brands New Zealand and A2 Milk Co dropping while Spark New Zealand rose. More >>
While you were sleeping: Entering no-man’s land
Tuesday, 1 November 2016, 7:44 am | BusinessDesk
Nov. 1 (BusinessDesk) - Wall Street was mixed as a better-than-expected report on US consumer spending and disappointing corporate earnings such as from Exxon Mobil. More >>
NZ business confidence dips in October
Monday, 31 October 2016, 4:36 pm | BusinessDesk
Oct. 31 (BusinessDesk) - New Zealand business confidence dipped this month, while remaining at an elevated level, as firms started to face slightly tighter credit conditions in an environment where low interest rates have made money cheap for an ... More >>
Sky TV shares drop after market dominance questioned
Monday, 31 October 2016, 4:34 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Sky Network Television shares fell to a four-month low after the Commerce Commission said it was concerned a merger with Vodafone New Zealand could give the enlarged group too much market power. More >>
Solid Energy creditors may get 55 cts in $1
Monday, 31 October 2016, 4:25 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Solid Energy New Zealand's creditors will get as much as 55 cents in the dollar after the failed state-owned enterprise's mines were sold to three parties, including a tie-up between ASX-listed Bathurst Resources and the ... More >>
Australia-NZ Leadership Forum's Littlewood pushes for action
Monday, 31 October 2016, 4:06 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Auckland International Airport chief executive Adrian Littlewood has defended the Australia-New Zealand Leadership Forum he co-chairs as more than just an annual talkfest by around 200 business leaders and politicians. More >>
NZ residential building consents edge up in September
Monday, 31 October 2016, 3:48 pm | BusinessDesk
Oct. 31 (BusinessDesk) - New Zealand's residential building consents crept up in September, snapping declines in the previous two months, as a spurt in Wellington apartment permits offset a decline in new house permits. More >>
China tourism growth set to accelerate
Monday, 31 October 2016, 2:58 pm | BusinessDesk
Oct. 31 (BusinessDesk) - China, New Zealand's second-largest tourism market, is set for further growth with an extra 20 weekly flights scheduled by the end of this year. More >>
NZX 3rd-qtr revenue rises 3.9% on by debt market listings
Monday, 31 October 2016, 2:40 pm | BusinessDesk
Oct. 31 (BusinessDesk) - NZX's third-quarter revenue rose 3.9 percent as the stock market operator's sales were bolstered by a flurry of new debt listings and an expanding funds management business. More >>
Xero overhauls executive structure
Monday, 31 October 2016, 1:16 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Xero has overhauled its executive structure in its drive to generate $1 billion in revenue, appointing a new head of its Americas operation and giving chief financial officer Sankar Narayan more responsibility to build out ... More >>
Concerns tie-up may stifle competition
Monday, 31 October 2016, 12:45 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The Commerce Commission is delaying its decision on whether to approve a tie-up between Sky Network Television and Vodafone New Zealand over concerns the merged entity would use its muscle to squeeze out smaller rivals. More >>
FBI's Clinton email probe weighs on greenback
Monday, 31 October 2016, 12:01 pm | BusinessDesk
Oct. 31 (BusinessDesk) – The New Zealand dollar gained after the Federal Bureau of Investigation said it was investigating more emails as part of a probe into Hillary Clinton's use of private email system, potentially denting her US presidential race. More >>
World Week Ahead: Central banks in focus
Monday, 31 October 2016, 11:21 am | BusinessDesk
Oct. 31 (BusinessDesk) – Central bank policy meetings in the US, Japan, the UK and Australia as well as the latest US jobs data will draw the key focus in the coming days. More >>
