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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 53]
NZ first qtr manufacturing bolstered
Tuesday, 11 June 2019, 2:30 pm | BusinessDesk
June 11 (BusinessDesk) - The biggest increase in the volume of meat and dairy products for five years helped drive increased manufacturing sales in the March quarter. More >>
ComCom won't impose more regulation on Chorus backhaul
Tuesday, 11 June 2019, 1:31 pm | BusinessDesk
June 11 (BusinessDesk) - The Commerce Commission won't impose tougher regulation of Chorus's backhaul services after finding no evidence that higher costs in low traffic areas were driving up retail prices. More >>
Allied Farmers sees steady FY operating earnings
Tuesday, 11 June 2019, 1:15 pm | BusinessDesk
June 11 (BusinessDesk) - Allied Farmers expects annual operating earnings to be generally consistent with the prior year despite headwinds from the likes of the Mycoplasma bovis outbreak. More >>
Contact buys stake in Simply Energy
Tuesday, 11 June 2019, 1:14 pm | BusinessDesk
June 11 (BusinessDesk) - Contact Energy is to invest $10.7 million in Simply Energy as part of its strategy to help commercial and industrial customers adopt new energy technologies and reduce their emissions. More >>
NZ dollar weaker as greenback comes back into favour
Tuesday, 11 June 2019, 11:03 am | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar weakened, driven by demand for the greenback as markets grow more positive about a possible US-China trade deal. More >>
Media merger rejection "not difficult at all"
Tuesday, 11 June 2019, 10:37 am | BusinessDesk
June 11 (BusinessDesk) - Rejecting the proposed merger between New Zealand news publishers NZME and Stuff was “not one of the most difficult decisions at all” for Mark Berry in his 10 years at the helm of the Commerce Commission. More >>
FSC says Kiwis are under-insured
Tuesday, 11 June 2019, 10:31 am | BusinessDesk
June 11 (BusinessDesk) - Research commissioned by the Financial Services Council found most New Zealanders don’t like to think about the consequences of risks to life and limb - or to pay for financial protection against such risks. More >>
Provincial growth fund no panacea to rural-urban divide
Tuesday, 11 June 2019, 10:14 am | BusinessDesk
June 11 (BusinessDesk) - Economic consultancy Infometrics doesn't see the provincial growth fund as the best vehicle to dealing with New Zealand's persistent rural-urban divide. More >>
MARKET CLOSE: NZ shares fall as Australian holiday saps
Monday, 10 June 2019, 8:51 pm | BusinessDesk
June 10 (BusinessDesk) - New Zealand shares fell in subdued trading, with an Australian holiday sapping activity on the local market. Fisher & Paykel Healthcare led the market lower, as a strong kiwi dollar crimped its export earnings. More >>
NZ dollar weaker as reduced Mexico tensions lift greenback
Monday, 10 June 2019, 8:20 pm | BusinessDesk
June 10 (BusinessDesk) - The New Zealand dollar was weaker as the greenback strengthened in relief that US President Donald Trump has indefinitely postponed tariffs on Mexican imports. More >>
KiwiRail eyes Dannevirke freight hub
Monday, 10 June 2019, 8:19 pm | BusinessDesk
June 10 (BusinessDesk) - KiwiRail says a new rail hub proposed south-west of Dannevirke may be able to take 200,000 tonnes of logs off the roads. More >>
OMV's Great South Basin application draws 260 submissions
Monday, 10 June 2019, 5:17 pm | BusinessDesk
June 10 (BusinessDesk) - More than 260 groups and individuals have submitted on OMV’s application to the Environmental Protection Authority to drill in the Great South Basin. More >>
Environmental concerns prompt tighter TG controls
Monday, 10 June 2019, 3:59 pm | BusinessDesk
June 10 (BusinessDesk) - Greater Wellington Regional Council has imposed a stricter environmental regime on the construction of the 27-kilometre Transmission Gully highway north of Wellington due to ongoing concerns about erosion and sediment control failures. More >>
NZ wholesale trade lifts 0.7% in 1Q
Monday, 10 June 2019, 2:18 pm | BusinessDesk
June 10 (BusinessDesk) - New Zealand's wholesale trade lifted in the March quarter after falling in December and may add to the view that first-quarter economic growth held up better than expected. More >>
MyRepublic warned for failingon info for telco levy
Monday, 10 June 2019, 1:33 pm | BusinessDesk
The Commerce Commission has publicly warned MyRepublic for failing to give it the right information on time to work out the internet service provider minnow's share of the $50 million Telecommunications Development Levy. More >>
A tale of ORCs and an under-resourced Reserve Bank
Monday, 10 June 2019, 1:31 pm | BusinessDesk
June 10 (BusinessDesk) - Reserve Bank governor Adrian Orr says the prudential part of his organisation, the part that oversees the banking system, is under-resourced. More >>
Circuit-breaker needed for Auckland Airport fuel investment
Monday, 10 June 2019, 11:40 am | BusinessDesk
June 10 (BusinessDesk) - A circuit-breaker may be needed to free-up “problematic” joint venture arrangements that are delaying investment in additional jet fuel capacity for Auckland International Airport, an inquiry panel heard last week. More >>
US payrolls increase odds of interest rate cuts
Monday, 10 June 2019, 11:05 am | BusinessDesk
June 10 (BusinessDesk) - The New Zealand dollar held its gains after weaker-than-expected US jobs data increased speculation the Federal Reserve will move to lower interest rates there. More >>
MARKET CLOSE: NZ shares climb back above 10,000
Friday, 7 June 2019, 8:59 pm | BusinessDesk
June 7 (BusinessDesk) - New Zealand's benchmark index climbed back above 10,000, led by Synlait Milk, on news the dairy company is appealing a ruling that may prevent the opening of its second processing facility. More >>
Air NZ loses jet fuel disruption claim against Z Energy
Friday, 7 June 2019, 8:39 pm | BusinessDesk
June 7 (BusinessDesk) - Air New Zealand has lost its bid for compensation from Z Energy for losses during the September 2017 fuel shortages in Auckland. More >>
