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BusinessDesk - Latest News [Page 523]

NZ dollar gains ahead of dairy auction

Tuesday, 18 October 2016, 9:09 am | BusinessDesk

Oct. 18 (BusinessDesk) - The New Zealand dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations prices will rise after two consecutive declines, helping sentiment for the kiwi. More >>

MARKET CLOSE: NZ shares fall

Tuesday, 18 October 2016, 8:36 am | BusinessDesk

Oct. 17 (BusinessDesk) - New Zealand shares fell as last week's sell-off continued, with SkyCity Entertainment Group and Orion Health Group dropping while Tegel Group Holdings and A2 Milk made gains. More >>

While you were sleeping: Fischer’s rate warning

Tuesday, 18 October 2016, 7:48 am | BusinessDesk

Oct. 18 (BusinessDesk) - The US dollar fell, while Wall Street slid with the price of oil, as investors tried to gauge the timing of a Federal Reserve interest rate increase. More >>

NZD gains with expectation of rising dairy auction prices

Monday, 17 October 2016, 5:21 pm | BusinessDesk

Oct. 17 (BusinessDesk) - The New Zealand dollar rose on expectations that dairy prices will gain at this week's GlobalDairyTrade auction, snapping two consecutive declines for the nation's biggest export commodity. More >>

Key to lead mission to India; ASEAN FTA review announced

Monday, 17 October 2016, 5:14 pm | BusinessDesk

Oct. 17 (BusinessDesk) - Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood ... More >>

UPDATE: SkyCity shares drop, arrest of rival's Chinese staff

Monday, 17 October 2016, 5:09 pm | BusinessDesk

Oct. 17 (BusinessDesk) - SkyCity Entertainment Group shares fell in response to the arrest of 18 staff employed by its Australian rival, Crown Resorts, by the Chinese government. More >>

Hansells Food relies on support of lender

Monday, 17 October 2016, 4:19 pm | BusinessDesk

Oct. 17 (BusinessDesk) - Hansells Food Group says it has letters of support from two of its biggest shareholders and assumes continued funding from its lender that gives it confidence it can continue as a going concern despite losses widening. More >>

Fletcher Construction asks judge to dismiss CCDHB claim

Monday, 17 October 2016, 4:17 pm | BusinessDesk

Oct. 17 (BusinessDesk) - Capital & Coast District Health Board has no chance of winning its claims against Fletcher Construction for its work on Wellington Hospital, and the case should not go to trial, Fletcher's lawyer has told the High Court. More >>

SkyCity shares fall after reports of Chinese crackdown

Monday, 17 October 2016, 3:54 pm | BusinessDesk

Oct. 17 (BusinessDesk) - SkyCity Entertainment Group shares fell after a news report in the Australian Financial Review that 18 staff employed by its Australian rival, Crown Resorts, have been arrested by the Chinese government. More >>

Airwork appoints Grant Samuel to examine takeover offer

Monday, 17 October 2016, 3:24 pm | BusinessDesk

Oct. 17 (BusinessDesk) - Airwork Holdings, the NZX-listed specialist aviation company currently subject to a takeover bid from China's Zhejiang Rifa Holding Group (RIFA), has appointed Grant Samuel to prepare an independent advisor's report on the offer. More >>

Wynyard shares in trading halt ahead of announcement

Monday, 17 October 2016, 2:58 pm | BusinessDesk

Oct. 17 (BusinessDesk) - Shares in crime-fighting software company Wynyard have been placed in a trading halt ahead of a company announcement. More >>

Jade Software taps Callaghan's Suckling as chair

Monday, 17 October 2016, 2:44 pm | BusinessDesk

Oct. 17 (BusinessDesk) - Jade Software, the software developer aiming to return to profitability by 2017, has named Callaghan Innovation chair Sue Suckling to lead its board, replacing Ruth Richardson who stepped down in May after an 18-year tenure. More >>

Kiwi hi-tech firms stay small too long, lack sales at scale

Monday, 17 October 2016, 12:52 pm | BusinessDesk

Oct. 17 (BusinessDesk) - New Zealand’s hi-tech companies are stuck in start-up mode for too long due to poorly executing cost-effective sales, says the Market Measures report on the $16.2 billion industry. More >>

Whole milk powder prices will snap two declines

Monday, 17 October 2016, 12:43 pm | BusinessDesk

Futures signal whole milk powder prices will snap two declines at this week's GDT More >>

NZ service sector expands at slower pace in September

Monday, 17 October 2016, 11:31 am | BusinessDesk

Oct. 17 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, expanded at a slower pace in September, with all five sub-indexes posting a weaker result. More >>

OceanaGold's Pac Rim subsidiary chided by World Bank

Monday, 17 October 2016, 10:03 am | BusinessDesk

Oct. 17 (BusinessDesk) - OceanaGold's Pac Rim Cayman subsidiary has been ordered to pay US$8 million to El Salvador to cover the country's legal fees and costs in a long-running arbitration after the mining company failed to obtain an exploitation ... More >>

World Week Ahead: Earnings season accelerates

Monday, 17 October 2016, 8:54 am | BusinessDesk

Oct. 17 (BusinessDesk) - Earnings from Bank of America and other American companies and the latest US economic data including on the consumer price index are a key focus this week, and speeches by Federal Reserve officials will be combed for clues on ... More >>