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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 540]
NZ dollar little changed, may rise on signs economy strong
Thursday, 15 September 2016, 5:28 pm | BusinessDesk
NZ dollar little changed, may rise on signs economy strong fast enough to rule out rate cuts More >>
Start-up seeks investment for flour made from apple waste
Thursday, 15 September 2016, 5:06 pm | BusinessDesk
Scientists behind a nutrient-rich flour made from fermenting tonnes of fruit pulp normally sent to waste are seeking investment to help commercialise products from the technology. More >>
Godfrey Hirst questions foreign shareholder benefit
Thursday, 15 September 2016, 4:13 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Australian-owned carpet maker Godfrey Hirst is questioning the benefit of foreign shareholders to New Zealand in its bid to prevent the creation of a wool scouring monopoly. More >>
Plant & Food $8.5 million research grant
Thursday, 15 September 2016, 3:47 pm | BusinessDesk
Sept. 15 (BusinessDesk) - An $8.5 million research grant awarded to crown research institute Plant & Food this week for new breeding technologies for high value plant industries includes gene editing which is considered in New Zealand to be part of ... More >>
Fonterra should review reference products more regularly
Thursday, 15 September 2016, 3:45 pm | BusinessDesk
Sept. 15 (BusinessDesk) - The Commerce Commission wants Fonterra Cooperative Group to more regularly review the basket of products used to set its farmgate milk prices. More >>
PSA-test alternative shows ability to spot Prostate cancer
Thursday, 15 September 2016, 3:10 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Caldera Health, a New Zealand biotech company working on a gene-sequencing replacement for the world’s most widely used prostate cancer test, says its third clinical test has shown a strong ability to identify prostate ... More >>
Bayer's Monsanto deal to be closely watched by NZ farmers
Thursday, 15 September 2016, 2:53 pm | BusinessDesk
Bayer's Monsanto deal to be closely watched by NZ farmers as agri-chemical players dwindle More >>
NZ economy gets boost from bubbling building sector
Thursday, 15 September 2016, 2:25 pm | BusinessDesk
New Zealand's booming construction sector remains one of the main pillars for the country's economic growth, benefiting from an expanding population in need of housing and spurring activity in other industries. More >>
Funding gap slows plans for 'accelerator exchange'
Thursday, 15 September 2016, 12:30 pm | BusinessDesk
Sept. 15 (BusinessDesk) - Creative HQ, the Wellington business incubator, says its efforts to create an "accelerator exchange" that would help Kiwi start-up get a foothold in China has thrown up gaps in government funding after it got plenty of praise but ... More >>
NZ manufacturing slows in August, remains in expansion
Thursday, 15 September 2016, 11:33 am | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand manufacturing activity expanded at a slower pace for a second consecutive month in August, although it remained in expansion. More >>
NZ Super, ACC agree terms to buy 45% of Kiwibank
Thursday, 15 September 2016, 11:09 am | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand Superannuation Fund and Accident Compensation Corp have agreed on commercial terms to acquire 45 percent of Kiwi Group Holdings from NZ Post Group for a price provisionally put at $495 million and have applied ... More >>
NZ economy grows 0.9% in June quarter
Thursday, 15 September 2016, 10:56 am | BusinessDesk
Sept. 15 (BusinessDesk) - New Zealand's economy grew at a slower-than-expected pace in the June quarter, partly reflecting an upward revision in the first quarter as the nation's massive pipeline of building activity and booming housing market continued ... More >>
NZ dollar gains
Thursday, 15 September 2016, 8:49 am | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar rose ahead of figures expected to show the domestic economy accelerated in the second quarter, while the greenback fell from its highest levels in more than a week. More >>
Intrexon says transparency on GM will win over public
Thursday, 15 September 2016, 8:17 am | BusinessDesk
Sept. 14 (BusinessDesk) - Transparency is the best way to overcome people’s opposition to genetically-modified technology, says Jack Bobo, a keynote speaker at this week’s NZ Bio conference in Auckland. More >>
Southern Cross Health surplus jumps to $35mn
Thursday, 15 September 2016, 8:15 am | BusinessDesk
Sept. 15 (BusinessDesk) - Southern Cross Health Society, the not-for-profit health insurer, saw its surplus increase sharply in the year ended June 30, as premium income rose much faster than claims from members. More >>
MARKET CLOSE: NZ shares extend slide
Thursday, 15 September 2016, 8:14 am | BusinessDesk
Sept. 14 (BusinessDesk) - New Zealand shares extended their slide with little positive news to stem the decline. Mercury New Zealand, Meridian Energy and Air New Zealand fell. More >>
While you were sleeping: Shuffling Fed bets
Thursday, 15 September 2016, 7:39 am | BusinessDesk
Sept. 15 (BusinessDesk) - Wall Street was mixed as investors tried to position themselves for a Federal Reserve policy meeting next week as the latest expectations swung back to bets the central bank will stand pat on interest rates. More >>
NZD falls as investors reduce risk in face of bond rout
Wednesday, 14 September 2016, 5:23 pm | BusinessDesk
NZ dollar falls as investors reduce risk in face of global bond rout, selloff in stocks More >>
Brewer Moa eyes possible purchases, must deliver profits
Wednesday, 14 September 2016, 4:49 pm | BusinessDesk
Sept. 14 (BusinessDesk) - Moa Group, the loss-making Marlborough-based brewer whose share price has tripled in the past year, has told investors it is assessing the possibility of buying other businesses, but that they would have to add to earnings. More >>
Salt Funds backs Veritas as share price continues to tumble
Wednesday, 14 September 2016, 4:44 pm | BusinessDesk
Salt Funds Management, which manages $1.6 billion of assets, has lifted its stake in Veritas Investments, taking advantage of a slump in the share price of the Mad Butcher franchisor. More >>
