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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 52]
Brian Roche resigns from Wellington Gateway board
Thursday, 13 June 2019, 3:01 pm | BusinessDesk
June 13 (BusinessDesk) - Brian Roche has resigned from the board of Wellington Gateway Partnership to take up the chair of the New Zealand Transport Agency, clearing a potential conflict of interest with the Crown entity facing a claim by the Transmission ... More >>
NZ dairy industry to invest $25.7 mln to improve herd
Thursday, 13 June 2019, 2:45 pm | BusinessDesk
June 13 (BusinessDesk) - New Zealand's dairy industry is investing $25.7 million in an innovation project to produce better cows. More >>
NZ primary industry exports seen rising 7.1% this year
Thursday, 13 June 2019, 2:17 pm | BusinessDesk
June 13 (BusinessDesk) - The government expects primary industry export revenue will rise 7.1 percent to $45.7 billion in the June year, but predicts growth will be flatter in the future. More >>
Vital Healthcare investors face dilemma over management fees
Thursday, 13 June 2019, 1:37 pm | BusinessDesk
June 13 (BusinessDesk) - Vital Healthcare Property Trust’s investors would be well-advised to keep in mind that, as the old adage goes, turkeys don’t vote for Christmas, when they come to vote on the proposed changes to the manager’s fee structure. More >>
NZ dollar gains against Aussie ahead of Australian jobs data
Thursday, 13 June 2019, 11:06 am | BusinessDesk
June 13 (BusinessDesk) - The New Zealand dollar gained against the Aussie ahead of jobs data due across the Tasman today. More >>
MARKET CLOSE: NZ shares outperform Asia
Wednesday, 12 June 2019, 8:45 pm | BusinessDesk
June 12 (BusinessDesk) - New Zealand shares were among the best performers across Asia Pacific, led by recoveries in Synlait Milk and Air New Zealand on relatively light volumes. More >>
NZ dollar drifts lower; Fed rate cut, US-China trade war
Wednesday, 12 June 2019, 8:22 pm | BusinessDesk
June 12 (BusinessDesk) - The New Zealand dollar drifted lower in the absence of fresh stimulus as the market continues to focus on the prospect of the US Federal Reserve cutting interest rates and the progress of the US-China trade war. More >>
Rig arrives for Tui development drilling
Wednesday, 12 June 2019, 8:22 pm | BusinessDesk
June 12 (BusinessDesk) - Tamarind Resources is aiming to begin a round of development drilling at the Tui oil field off the Taranaki coast late next week. More >>
Overseer to get revamp, farmers to benefit from budget
Wednesday, 12 June 2019, 8:20 pm | BusinessDesk
June 12 (BusinessDesk) - Up to 2,200 farmers will get on-the-ground support through the $229.2 million Sustainable Land Use budget package and support tools - like Overseer - will be upgraded. More >>
NZME hits 10,000 paying subscriber target early
Wednesday, 12 June 2019, 8:20 pm | BusinessDesk
June 12 (BusinessDesk) - NZME's foray into charging its readers to access online news has beaten its expectations, taking just six weeks to attract 10,000 paying subscribers when it thought it would take a year. More >>
Defence to draw more on local suppliers, smarts
Wednesday, 12 June 2019, 5:11 pm | BusinessDesk
June 12 (BusinessDesk) - The government wants greater engagement from the New Zealand Defence Force with local suppliers and researchers in its $20 billion blueprint to shape the nation's military for the next 30 years. More >>
NZ consumers pull back on spending in May
Wednesday, 12 June 2019, 3:00 pm | BusinessDesk
June 12 (BusinessDesk) - Consumers pulled back on credit and debit car spending in May after holidays in April fuelled a rise. More >>
Easter, Anzac holidays boost Australian visitors in April
Wednesday, 12 June 2019, 2:55 pm | BusinessDesk
June 12 (BusinessDesk) - The close proximity of the Easter and Anzac Day holidays boosted the number of Australian visitors in April, underpinning an 8.3 percent increase in international arrivals that month. More >>
Government to invest $75m into Gracefield Innovation Quarter
Wednesday, 12 June 2019, 1:12 pm | BusinessDesk
A $75 million cash injection into Callaghan Innovation's Gracefield Innovation Quarter in the Hutt Valley will focus on making sure the aging facilities - which have asbestos, leaking roofs, cladding issues and failing sewer pipes - are safe and fit for purpose. More >>
MBIE seeks cheaper accommodation survey
Wednesday, 12 June 2019, 12:53 pm | BusinessDesk
June 12 (BusinessDesk) - The Ministry of Business, Innovation and Employment has put out feelers for a supplier of local accommodation data at a reasonable price, a week after Statistics New Zealand said it couldn't afford to keep doing the existing ... More >>
NZ dollar lower as USD gains on upbeat data
Wednesday, 12 June 2019, 11:17 am | BusinessDesk
June 12 (BusinessDesk) - The New Zealand dollar was slightly lower after improving US data buoyed the greenback and amid caution ahead of the Federal Reserve's next policy meeting and ongoing US-China trade tensions. More >>
MARKET CLOSE: NZ shares follow ASX higher
Tuesday, 11 June 2019, 8:58 pm | BusinessDesk
June 11 (BusinessDesk) - New Zealand shares followed Australian stocks higher as traders across the Tasman returned from a long weekend more optimistic after the US administration made trade-friendly noises in recent days. Exporter A2 Milk led ... More >>
NZ dollar weaker as focus switches to US-China trade
Tuesday, 11 June 2019, 8:30 pm | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar was weaker as the greenback gained on Mexican products escaping US tariffs and investor attention turned towards developments in the US trade war with China. More >>
Rangatira maintains dividend as profit dips on Hellers sale
Tuesday, 11 June 2019, 7:32 pm | BusinessDesk
June 11 (BusinessDesk) - Rangatira Investments maintained its dividend in the face of weaker earnings following the sale of smallgoods maker Hellers. More >>
Costco to open first NZ store at Westgate in Auckland
Tuesday, 11 June 2019, 7:31 pm | BusinessDesk
June 11 (BusinessDesk) - American multi-national discount store operator Costco Wholesale is planning to open its first New Zealand store at the Westgate shopping centre in Auckland’s north-west. More >>
