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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 54]
NZ dollar weakens heading into US non-farm payroll figures
Friday, 7 June 2019, 8:24 pm | BusinessDesk
June 7 (BusinessDesk) - The New Zealand dollar was a little weaker ahead of key US jobs data later today having gained almost a US cent during the past week. More >>
Transmission Gully contractor lodges claim against NZTA
Friday, 7 June 2019, 5:14 pm | BusinessDesk
June 7 (BusinessDesk) - With less than a year until it’s scheduled to open, the contractor tasked with building and maintaining the 27-kilometre Transmission Gully highway north of Wellington has lodged a claim big enough for the New Zealand Transport ... More >>
Synlait seeks leave to appeal Pokeno land covenants decision
Friday, 7 June 2019, 4:59 pm | BusinessDesk
June 7 (BusinessDesk) - Synlait Milk has filed for leave to appeal to the Supreme Court in an effort to remove covenants over its Pokeno site. More >>
NZ building activity hits three-year high in March quarter
Friday, 7 June 2019, 2:40 pm | BusinessDesk
June 7 (BusinessDesk) - New Zealand's building activity hit a three-year high in the March quarter as non-residential building volume growth continued to push higher and as residential construction was also strong. More >>
Mercury eyes $300M capital bond offer
Friday, 7 June 2019, 12:14 pm | BusinessDesk
June 7 (BusinessDesk) - Mercury NZ plans to raise up to $300 million of subordinated capital bonds, which it will use to refinance an equal amount of listed debt currently paying 6.9 percent interest. More >>
Gull seeks to supply jet fuel at Auckland Airport
Friday, 7 June 2019, 11:28 am | BusinessDesk
June 7 (BusinessDesk) - Gull says its plan to import jet fuel and truck it into Auckland will improve competition and increase the resilience of supply for the country’s biggest airport. More >>
NZ dollar holds gains against greenback
Friday, 7 June 2019, 11:12 am | BusinessDesk
June 7 (BusinessDesk) - The New Zealand dollar remained firm but largely range-bound with pending US jobs data capping some of the risk appetite gained on news that US-Mexico tariffs may be delayed. More >>
NZ dollar rises as greenback falls on Mexican tariff worries
Thursday, 6 June 2019, 8:12 pm | BusinessDesk
June 6 (BusinessDesk) - The New Zealand dollar rose against the greenback as talks between US and Mexican officials failed to reach a deal that could stave off the tariffs President Donald Trump has threatened on all Mexican goods entering America ... More >>
UPDATE: Industry split on Auckland jet fuel options
Thursday, 6 June 2019, 8:09 pm | BusinessDesk
(Adds Auckland Airport denial from 22nd paragraph that JUHI lease is at risk of early termination.) More >>
Industry split on Auckland jet fuel options
Thursday, 6 June 2019, 5:49 pm | BusinessDesk
June 6 (BusinessDesk) - Extra jet fuel storage can be provided for Auckland International Airport, but suppliers are split on whether an additional pipeline from the Wiri fuel terminal is needed to improve supply resilience. More >>
Smartshares and BlackRock launch eight ETFs on NZX
Thursday, 6 June 2019, 5:23 pm | BusinessDesk
June 6 (BusinessDesk) - NZX's Smartshares and global asset manager BlackRock rang the bell at the New Zealand stock exchange to launch eight new exchange-traded funds, including two thematic funds that target automation and robotics and healthcare technology. More >>
NZ commodity prices largely unchanged in May
Thursday, 6 June 2019, 4:33 pm | BusinessDesk
June 6 (BusinessDesk) - New Zealand's commodity prices were unchanged in the month of May and were slightly higher on the year, the ANZ Bank's monthly commodity price index shows. More >>
Auckland house sales activity still subdued in May
Thursday, 6 June 2019, 4:26 pm | BusinessDesk
June 6 (BusinessDesk) - Auckland house sales were down by about a fifth in May from a year earlier but prices were largely flat, in what the city's biggest realtor described as a subdued market. More >>
UPDATE: Fonterra get veto rights on open entry requirement
Thursday, 6 June 2019, 4:02 pm | BusinessDesk
June 6 (BusinessDesk) - Primary Industries Minister Damien O'Connor will grant Fonterra Cooperative Group a little relief over its requirement to accept milk from all-comers, but it will also face greater oversight by the government. More >>
Fonterra to get veto rights on open entry requirement
Thursday, 6 June 2019, 3:26 pm | BusinessDesk
June 6 (BusinessDesk) - Primary Industries Minister Damien O'Connor will grant Fonterra Cooperative Group a little relief over its requirement to accept milk from all-comers, but it will also face greater oversight by the government. More >>
Comvita CEO to step down, Hewlett to lead strategic review
Thursday, 6 June 2019, 2:17 pm | BusinessDesk
June 6 (BusinessDesk) - Comvita's chief executive for the past four years, Scott Coulter, is stepping down in September and, while it searches for a replacement, former CEO Brett Hewlett is taking on a temporary executive role to review the company’s ... More >>
Treasury, IRD investigating unexpectedly high April tax take
Thursday, 6 June 2019, 1:55 pm | BusinessDesk
he Treasury and Inland Revenue Department are looking into why the government's April financial statements showed the 10-month tax-take running $2.25 billion ahead of the budget forecasts, just one week after they were publicly released. More >>
NZX sees more smaller trades in May
Thursday, 6 June 2019, 12:59 pm | BusinessDesk
June 6 (BusinessDesk) - The number of trades on New Zealand's stock exchange rose in May but the value tumbled as the average on-market trade size fell sharply despite prices holding up. More >>
NZD remains above 66 US cents on mixed US data
Thursday, 6 June 2019, 11:11 am | BusinessDesk
June 6 (BusinessDesk) - The New Zealand dollar was slightly weaker after mixed US data overnight but remains above 66 US cents. More >>
Stats NZ cites lack of cash for cutting surveys
Thursday, 6 June 2019, 10:24 am | BusinessDesk
June 6 (BusinessDesk) - Statistics New Zealand has dropped three annual business surveys and the monthly accommodation report, saying it can't afford to keep churning out the data. More >>
