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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 530]
New vehicle registrations in second best month ever
Tuesday, 4 October 2016, 4:40 pm | BusinessDesk
Oct. 4 (BusinessDesk) - New vehicle registrations came close to breaking records in September, with 13,884 new vehicles on the road, the second highest month ever. More >>
Oceanagold in 'constructive' dialogue with Philippines govt
Tuesday, 4 October 2016, 3:03 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Oceanagold Corp, the NZX-listed gold miner, has told investors it's engaged in what it terms "constructive" dialogue after the Philippines government named its Didipio site as amongst mining operations that could be suspended because ... More >>
ACC's investment team deliver 10.2% return in 2016
Tuesday, 4 October 2016, 2:47 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Accident Compensation Corp's investment team delivered a net 10.2 percent return on assets in the 2016 financial year, outperforming its benchmark for a 21st year and helping offset the impact low-interest rates had on increasing ... More >>
NZ home values increase at 14% annual rate in September
Tuesday, 4 October 2016, 12:23 pm | BusinessDesk
Oct. 4 (BusinessDesk) - New Zealand residential property values increased at a slower pace in the year through September, as Auckland gained at a more subdued rate. More >>
First autonomous vehicle trial will get underway next year
Tuesday, 4 October 2016, 12:21 pm | BusinessDesk
Oct. 4 (BusinessDesk) - Christchurch International Airport and Australian company HMI Technologies will undertake New Zealand's first trial of a fully autonomous electric vehicle early next year. More >>
China's RIFA signs takeover deed for aviation firm Airwork
Tuesday, 4 October 2016, 11:32 am | BusinessDesk
Oct. 4 (BusinessDesk) - Chinese company Zhejiang Rifa Holding Group (RIFA) has entered a takeover lock-up deed with the major shareholders in specialist aviation company Airwork Holdings at $5.40 per share. More >>
NZ businesses more optimistic in September
Tuesday, 4 October 2016, 10:29 am | BusinessDesk
Oct. 4 (BusinessDesk) - New Zealand businesses were more optimistic about the state of the economy and their own activity in the September quarter, even as their profits were squeezed by rising costs and an inability to hike prices. More >>
NZ dollar gains vs. British pound
Tuesday, 4 October 2016, 10:00 am | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar gained against the British pound as UK Prime Minister Theresa May's announcement of a timeline to quit the European Union triggered a sell-off in the sterling with traders spooked by the prospect of Britain ... More >>
NZX head Bennett to leave at the end of the year
Tuesday, 4 October 2016, 9:57 am | BusinessDesk
Oct. 4 (BusinessDesk) - NZX chief executive Tim Bennett will leave the stock exchange operator at the end of 2016, a year earlier than envisaged when he joined the company. More >>
Youi fined maximum $100,000 by Insurance Council
Tuesday, 4 October 2016, 9:56 am | BusinessDesk
Oct. 4 (BusinessDesk) - South African-owned insurer Youi has been fined the maximum financial penalty of $100,000 by the Insurance Council following a disciplinary process over misleading sales practices and has been warned any future misconduct will risk ... More >>
While you were sleeping: US manufacturing recovers
Tuesday, 4 October 2016, 7:46 am | BusinessDesk
Oct. 4 (BusinessDesk) - Wall Street and US Treasuries moved lower as better-than-expected data on US manufacturing fuelled bets the Federal Reserve might raise interest rates this year. More >>
MARKET CLOSE: NZ shares gain slightly
Monday, 3 October 2016, 5:36 pm | BusinessDesk
MARKET CLOSE: NZ shares gain slightly, Tegel bounces while Air NZ drops on new competition More >>
NZ dollar gives up gains vs. British pound in quiet trading
Monday, 3 October 2016, 5:24 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar gave up gains against the British pound in quiet trading in currency markets, with limited activity due to a national holiday in China and public holidays on Australia's eastern seaboard and in South ... More >>
Serco makes 'significant progress' on prison guard training
Monday, 3 October 2016, 3:49 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Serco New Zealand Training, the private training establishment (PTE) set up to train workers at the prison manager's facilities, has made "significant progress" in getting its courses up to scratch after a scathing initial report from ... More >>
More competition on flights to NZ
Monday, 3 October 2016, 3:37 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Hainan Airlines has become the latest international airline to announce a new route to New Zealand, with a service to Auckland from the Chinese city of Shenzhen. More >>
SLI Systems shares drop 4%, extending slide to record low
Monday, 3 October 2016, 2:58 pm | BusinessDesk
Oct. 3 (BusinessDesk) - SLI Systems shares dropped 4 percent, taking the stock to a new record low, as investors remain cool on the prospects for companies chasing rapid growth in foreign markets. More >>
Wellington radio products developer 4RF narrows annual loss
Monday, 3 October 2016, 1:25 pm | BusinessDesk
Oct. 3 (BusinessDesk) - 4RF, the Wellington-based microwave radio products developer, narrowed its 2016 loss as sales grew, and says that trend has continued into the current year as it enters new markets. More >>
Grant Samuel to assess 'opportunistic' takeover bid
Monday, 3 October 2016, 11:38 am | BusinessDesk
Oct. 3 (BusinessDesk) - Hellaby Holdings has appointed independent adviser Grant Samuel to prepare a report to shareholders on what the board says is an "opportunistic" takeover bid that doesn't represent fair value for the company. More >>
World Week Ahead: US jobs, Fed speeches
Monday, 3 October 2016, 9:12 am | BusinessDesk
Oct. 3 (BusinessDesk) - US jobs data will form a key focus this week, along with a flurry of speeches by Federal Reserve policy makers, as investors position for a potential interest rate increase by the end of the year. More >>
Prospect of lower Deutsche Bank settlement quells fears
Monday, 3 October 2016, 9:09 am | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar was little changed as the prospect of a smaller settlement by Deutsche Bank with US authorities eased market fears a big penalty could have wider ramifications for the financial sector. More >>
