BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 536]

Wood processors push for faster trade refresh

Friday, 23 September 2016, 9:16 am | BusinessDesk

Sept. 23 (BusinessDesk) - New Zealand wood processors and manufacturers want the government to speed up a refresh of the nation's trade policy as other countries offer more support to their forestry sectors. More >>

Fonterra re-jigs governance review

Friday, 23 September 2016, 9:00 am | BusinessDesk

Sept. 22 (BusinessDesk) - Fonterra Cooperative Group has put out a re-jigged governance and representation model to its farmer shareholders, with the key change being farmers can directly nominate their own choice for selection to the board. More >>

Dollar falls as RBNZ lays groundwork for November rate cut

Friday, 23 September 2016, 8:58 am | BusinessDesk

Sept. 23 (BusinessDesk) - The New Zealand dollar fell as the Reserve Bank lay the groundwork for lower interest rates later this year as inflation continues to be restrained by the strength of the currency. More >>

While you were sleeping: Nasdaq touches record high

Friday, 23 September 2016, 7:41 am | BusinessDesk

Sept. 23 (BusinessDesk) - Wall Street climbed, pushing the Nasdaq to a fresh intraday record high, as investors repositioned themselves after the US Federal Reserve kept its target interest rate steady and hinted at a potential December hike. More >>

MARKET CLOSE: NZ shares gain after central banks hold rates

Thursday, 22 September 2016, 6:06 pm | BusinessDesk

Sept. 22 (BusinessDesk) - New Zealand shares gained as investors took comfort after central banks made no interest rate moves, with Ebos Group, Tower and Orion Health Group leading the index higher. More >>

NZ dollar gains as central banks meet market expectations

Thursday, 22 September 2016, 5:34 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The New Zealand dollar rose after the US Federal Reserve and the Reserve Bank kept interest rates on hold, as expected, keeping the kiwi on track to shed some of its yield advantage later in the year. More >>

UPDATE: NZX milk futures fall from record after GDT

Thursday, 22 September 2016, 5:34 pm | BusinessDesk

Sept. 22 (BusinessDesk) - New Zealand milk price futures have fallen in the wake of the latest GlobalDairyTrade auction, having reached a record in the run-up to this week's sale, but remain above the payout level forecast by most of the country's ... More >>

Orion Health: strong kiwi weighing on revenue, cash position

Thursday, 22 September 2016, 5:13 pm | BusinessDesk

Orion Health, the health software developer, is still on track to return to profit in 2018, though the strength of the kiwi is crimping revenue in local currency terms and drained more cash than anticipated. More >>

Investors punish Tower stock on ongoing quake exposure

Thursday, 22 September 2016, 4:57 pm | BusinessDesk

Sept. 22 (BusinessDesk) - Sept. 21 (BusinessDesk) - Tower's stock gained today after a report the general insurer could be a takeover target but the insurer has shed half its value in the past 12 months on signs prolonged exposure to Canterbury earthquake ... More >>

Reserve Bank to publish redacted submissions

Thursday, 22 September 2016, 4:33 pm | BusinessDesk

Sept. 22 (BusinessDesk) - The Reserve Bank is to routinely publish submissions it receives to policy or industry consultations rather than condensing them into a summary. More >>

Update: Trilogy shares slump on FY2017 guidance

Thursday, 22 September 2016, 4:32 pm | BusinessDesk

Sept. 22 (BusinessDesk) - Shares of Trilogy International, which have almost tripled in the past 12 months, dropped to a three-month low after the skincare and home fragrance company raised its full-year sales guidance for a second time, suggesting investors ... More >>

Trustpower fined $390,000

Thursday, 22 September 2016, 4:00 pm | BusinessDesk

Sept. 22 (BusinessDesk) - Trustpower has been fined $390,000 after pleading guilty in the Auckland District Court to misleading consumers over a broadband offer. More >>

Trilogy International shares slump 14% on FY2017 guidance

Thursday, 22 September 2016, 3:34 pm | BusinessDesk

Sept. 22 (BusinessDesk) - Shares in stock-market darling Trilogy International slumped 14 percent after the skincare and home fragrance company told investors at its annual general meeting in Auckland it expects to achieve revenue of $100 million or above ... More >>