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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 539]
Synlait almost triples 2016 profit
Monday, 19 September 2016, 11:17 am | BusinessDesk
Sept. 19 (BusinessDesk) - Synlait Milk, the NZX-listed dairy company, almost tripled annual profit in line with its forecast, although it warned growth in the coming year would be more modest as new Chinese regulations disrupt infant formula sales. More >>
NZ consumer confidence lifts in third quarter
Monday, 19 September 2016, 10:15 am | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand consumer confidence picked up in the third quarter, while staying below its long-run average, as Kiwis, particularly in rural communities, remain nervous about the economy's trajectory. More >>
NZ dollar falls as stronger US inflation pushes greeback
Monday, 19 September 2016, 8:53 am | BusinessDesk
Sept. 19 (BusinessDesk) - The New Zealand dollar fell after figures showed US inflation was twice as strong as expected last month, driving the US dollar index to its highest in more than two weeks on expectations the Federal Reserve will hike interest rates ... More >>
World Week Ahead: Finally, Fed week
Monday, 19 September 2016, 8:20 am | BusinessDesk
Sept. 19 (BusinessDesk) - The US Federal Open Market Committee’s two-day policy meeting, ending on Wednesday, will be the focus of global attention in the coming days as investors fret whether the central bank will raise interest rates now or ... More >>
NZ shares rise, snapping six-day losing streak
Friday, 16 September 2016, 5:33 pm | BusinessDesk
MARKET CLOSE: NZ shares rise, snapping six-day losing streak, led by NZ Refining, Xero and SkyCity More >>
NZD rises above 73 US cents with little prospect of rate cut
Friday, 16 September 2016, 5:26 pm | BusinessDesk
NZ dollar rises above 73 US cents with little prospect of rate cut next week More >>
Rakon non-aligned shareholders oust Darren Robinson
Friday, 16 September 2016, 5:00 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Rakon shareholders not aligned to founder Warren Robinson have voted his son Darren off the board as part of efforts to loosen his family's grip on the electronic components maker. More >>
RBNZ likely to wait for inflation data before decision
Friday, 16 September 2016, 3:54 pm | BusinessDesk
Sept. 16 (BusinessDesk) - The Reserve Bank is expected to hold fire from cutting interest rates next week until it can get a better steer on the inflation outlook, leaving November open for a reduction. More >>
MPI chose not to prosecute fish dumping out of fear
Friday, 16 September 2016, 2:49 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Ministry for Primary Industry officials feared embarrassment in electing not to prosecute fishing companies that may have been illegally discarding fish, according to a Queen's Counsel hired to conduct an independent review. More >>
US drugs market will soon be largest, most lucrative
Friday, 16 September 2016, 1:50 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Douglas Pharmaceuticals, New Zealand’s largest drugs developer and manufacturer, expects the US market to become its biggest, overtaking the European Union, in the near future as new drugs it has under development come ... More >>
NZ consumer confidence gains in September
Friday, 16 September 2016, 1:25 pm | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand consumer confidence lifted in September as house price expectations hit a new high More >>
NZ wool prices fall to lowest level in more than a year
Friday, 16 September 2016, 12:41 pm | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand wool prices fell to their lowest level in more than a year amid weak demand from China, the country's largest export market. More >>
Fulton Hogan lifts annual profit 11%
Friday, 16 September 2016, 12:19 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Fulton Hogan boosted annual profit 11 percent, outpacing revenue gains, as a number of acquisitions helped widen the tightly held civil construction company's margins. More >>
Government signs contract with Rocket Lab
Friday, 16 September 2016, 12:15 pm | BusinessDesk
Sept. 16 (BusinessDesk) - The government has authorised the first commercial space rocket launches from New Zealand. More >>
NZ Oil & Gas launches stand in the market
Friday, 16 September 2016, 10:10 am | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand Oil & Gas, the unprofitable energy explorer, has launched a stand in the market to buy back as many as 40 million shares, creating a "liquidity event" for the thinly traded securities. More >>
Buckley Systems electromagnets key to new cancer treatment
Friday, 16 September 2016, 9:17 am | BusinessDesk
Sept. 16 (BusinessDesk) - Auckland-based manufacturer Buckley Systems is part of a team that has announced the development and manufacture of an alternative cancer treatment, details of which have been published overnight in Helsinki, the capital ... More >>
Dollar gains after raft of weak US data dims Fed hike bets
Friday, 16 September 2016, 8:53 am | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar rose back above 73 US cents after figures showed weaker US retail sales, manufacturing, and industrial production, dimming bets for an early interest rate hike by the Federal Reserve. More >>
While you were sleeping: Apple paces advance
Friday, 16 September 2016, 7:58 am | BusinessDesk
Sept. 16 (BusinessDesk) - Wall Street rose, bolstered by Apple shares, even as the latest US reports showed weaker-than-expected retail sales and manufacturing output, which further reduced bets the Federal Reserve will hike interest rates next week. More >>
While you were sleeping: Apple paces advance
Friday, 16 September 2016, 7:51 am | BusinessDesk
Sept. 16 (BusinessDesk) - Wall Street rose, bolstered by Apple shares, even as the latest US reports showed weaker-than-expected retail sales and manufacturing output, which further reduced bets the Federal Reserve will hike interest rates next week. More >>
MARKET CLOSE: NZ shares fall for a 4th straight day
Friday, 16 September 2016, 7:41 am | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand shares fell for a fourth straight day, though losses slowed today, with Tower, Kiwi Property Group and Investore Property. More >>
