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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 542]
While you were sleeping: Brainard eases hike fears
Tuesday, 13 September 2016, 7:41 am | BusinessDesk
Sept. 13 (BusinessDesk) - Wall Street climbed after comments by US Federal Reserve Governor Lael Brainard bolstered bets the central bank won’t raise interest rates next week. More >>
Uber seeks government affairs manager to lobby on regulation
Monday, 12 September 2016, 5:46 pm | BusinessDesk
Sept. 12 (BusinessDesk) - Uber, the ridesharing service company that has refused to comply with licensing rules it says are too expensive, is stepping up efforts to engage with the parliament, advertising for a new executive role as head of government ... More >>
NZ dollar falls as Fed speakers reignite rate hike speculati
Monday, 12 September 2016, 5:42 pm | BusinessDesk
Sept. 12 (BusinessDesk) - The New Zealand dollar fell as the run of Federal Reserve officials speaking ahead of next week's policy review has investors pondering the prospects of an early interest rate hike by the world's biggest central bank. More >>
GeoOp shares plunge after discounted rights offer announced
Monday, 12 September 2016, 4:34 pm | BusinessDesk
Sept. 12 (BusinessDesk) - GeoOp's shares dropped 23 percent after the management app developer said it plans to raise $3.6 million in a discounted rights offer. More >>
AA Insurance reintroduces full home replacement cover
Monday, 12 September 2016, 3:47 pm | BusinessDesk
Sept. 12 (BusinessDesk) - AA Insurance, which is owned Australia's Suncorp Group and the New Zealand Automobile Association, has reintroduced full replacement home cover events such as fires, floods and storms, but shied away from including natural ... More >>
NZ shares tumble as traders eye potential US rate hikes
Monday, 12 September 2016, 11:57 am | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand shares dropped sharply across the board, tracking global moves, as jittery traders eye potential interest rate hikes in the US. More >>
NZ guest nights hit fresh record in July
Monday, 12 September 2016, 11:46 am | BusinessDesk
Sept. 12 (BusinessDesk) - New Zealand guest nights rose in July to a record for the month as soaring tourist numbers saw all-time highs in domestic and international stays across the country and all accommodation types. More >>
Pushpay to raise A$40 mln in ASX listing next month
Monday, 12 September 2016, 11:03 am | BusinessDesk
Sept. 12 (BusinessDesk) - Pushpay will raise A$40 million as part of a secondary listing on the ASX in October in an effort to open up the shares to US investors. More >>
NZ dollar falls as VIX surges, commodity prices fall
Monday, 12 September 2016, 8:49 am | BusinessDesk
Sept. 12 (BusinessDesk) - The New Zealand dollar fell as a key measure of market volatility jumped to its highest level in more than two months and commodity prices declined. More >>
World Week Ahead: Eyes on Fed’s Brainard
Monday, 12 September 2016, 8:01 am | BusinessDesk
Sept. 12 (BusinessDesk) - Investors will scrutinise a speech by US Federal Reserve Governor Lael Brainard today to gauge if the central bank might hike interest rates next week after all. More >>
Sealegs sees High Court IP injunction against Orion Marine
Saturday, 10 September 2016, 1:05 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Sealegs Corp, the amphibious vehicle maker, says it has filed an application for a High Court injunction for what it describes as "alleged infringement of its intellectual property" by Orion Marine, Smuggler Marine ... More >>
MARKET CLOSE: NZ shares drop, led by TradeMe
Saturday, 10 September 2016, 1:04 pm | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealand shares fell for a second day, correcting a market some traders say has become overvalued, with Trade Me Group and Air New Zealand among the biggest decliners. More >>
NZ dollar heads for 1.6% weekly gain
Saturday, 10 September 2016, 1:02 pm | BusinessDesk
NZ dollar heads for 1.6% weekly gain as strong NZ story contrasts with weaker US data More >>
Machine learning, AI at heart of new Xero products
Friday, 9 September 2016, 4:59 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Rod Drury, founder and chief executive of accounting software company Xero, says it’s poised to introduce a number of smart services through machine learning and artificial intelligence. More >>
UPDATE: Trustpower shareholders vote for demerger
Friday, 9 September 2016, 4:58 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Trustpower's shareholders have overwhelmingly voted to carve out its windfarms and renewable development pipeline, splitting the company into two separate businesses that will be listed on the NZX and ASX. More >>
Seadragon restructures CFO Bayley
Friday, 9 September 2016, 4:52 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Seadragon's chief financial officer, Stephen Bayley, is to leave after the fish oil refiner disestablished his role. More >>
Fairfax NZ valued at $122.2 mln in NZME merger deal
Friday, 9 September 2016, 3:26 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Fairfax Media's New Zealand assets have been valued at $122.2 million in the proposed merger with local publishing rival NZME. More >>
Directors of Wellington Merchants recommend Brierley offer
Friday, 9 September 2016, 2:25 pm | BusinessDesk
Sept. 9 (BusinessDesk) - The directors of Wellington Merchants, formerly known as Kirkcaldie & Stains, have recommended its shareholders accept Ron Brierley's latest takeover offer, with the two largest shareholders indicating they will do so. More >>
BAT continues to mull legal challenge to plain packaging
Friday, 9 September 2016, 1:44 pm | BusinessDesk
Sept. 9 (BusinessDesk) - British American Tobacco is still considering a legal challenge to standardised cigarette packaging after legislation restricting the use of branding on cigarette packets was passed last night. More >>
Rocket Lab, Airways deal to support East Coast launches
Friday, 9 September 2016, 1:17 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Airways New Zealand has signed a contract with commercial rocket launch provider, Rocket Lab, to provide air traffic services for test and commercial flights through the country's airspace. More >>
