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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 546]
Comvita to take controlling stake in Chinese distributor
Monday, 5 September 2016, 11:30 am | BusinessDesk
Sept. 5 (BusinessDesk) - Comvita plans to acquire 51 percent of its Chinese distributor in a $30 million all-stock deal that will see the owners of Shenzhen Comvita Natural Food Co lift their holding in the New Zealand manuka honey products company to more ... More >>
Auckland house sales volumes drop in August
Monday, 5 September 2016, 11:01 am | BusinessDesk
Sept. 5 (BusinessDesk) - The number of house sales in Auckland dropped by more than a quarter in August from a year earlier with stricter mortgage lending practices compressing activity, Barfoot & Thompson says. More >>
AirAsia X drops pre-selected extras in online bookings
Monday, 5 September 2016, 10:28 am | BusinessDesk
Sept. 5 (BusinessDesk) - AirAsia X will drop the use of pre-selected 'opt-out' services and change how it discloses processing fees when selling airline tickets online after being issued with a formal warning by the Commerce Commission. More >>
NZ share trading volume gains 5.3% in August
Monday, 5 September 2016, 9:26 am | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand share trading on the NZX rose 5.3 percent in August from a year earlier, after a decline in July, while debt market activity continued to surge as low interest rates fuel new bond listings. More >>
Investors could do more to embrace 'Internet of Things'
Monday, 5 September 2016, 9:19 am | BusinessDesk
Sept. 5 (BusinessDesk) - Property owners can cut their costs by half and improve the quality of their stock by adopting the ‘Internet of Things’, says an executive of Honeywell Building Solutions which has equipment in more than 10 million buildings ... More >>
NZ new vehicle sales hit 32-year high in August
Monday, 5 September 2016, 9:15 am | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand new vehicle sales rose to a 32-year high in August, with continued monthly gains signalling a new record is likely to be set this year. More >>
Transparency on executive remuneration has pushed up cost
Monday, 5 September 2016, 9:02 am | BusinessDesk
Sept. 5 (BusinessDesk) - An unintended consequence of more transparency over executive pay has been a rising corporate wage bill, says professional director Tony Carter. More >>
Upper Vogeltown incident - update
Monday, 5 September 2016, 8:57 am | BusinessDesk
A man has been arrested following an earlier incident at a residential address in Upper Vogeltown this morning. More >>
NZ dollar little changed after brief blip
Monday, 5 September 2016, 8:51 am | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar begins the week little changed, having temporarily spiked higher on Friday in the US after weaker-than-expected non-farm payrolls, with the market still of the view that the Federal Reserve will raise interest ... More >>
World Week Ahead: Will the Fed wait?
Monday, 5 September 2016, 8:37 am | BusinessDesk
Sept. 5 (BusinessDesk) - Following Friday’s weaker-than-expected US jobs data, investors will eye further signs to underpin bets that the Federal Reserve won’t raise interest rates at this month’s policy meeting. More >>
Government caves in to shareholder lobbying
Sunday, 4 September 2016, 6:00 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand Shareholders’ Association has succeeded in its dogged pursuit of a legislative change so shareholders don’t get taxed on shares of demerged companies. More >>
Political instability, rise of the 'loser' threatens
Sunday, 4 September 2016, 5:59 pm | BusinessDesk
Sept. 3 (BusinessDesk) – Political uncertainty poses the biggest threat to sharemarket investors, according to two speakers at the New Zealand Shareholders’ Association annual meeting today. More >>
NZ government to review GMO law
Sunday, 4 September 2016, 4:58 pm | BusinessDesk
NZ government to review GMO law after High Court ruling in favour of local councils More >>
Godfreys 'learned lesson' over Fair Trading breaches
Sunday, 4 September 2016, 4:52 pm | BusinessDesk
Friday 02 September 2016 06:10 PM Godfreys 'learned lesson' over Fair Trading breaches, drops extended warranties By Jonathan Underhill Sept. 2 (BusinessDesk) - New Zealand Vacuum Cleaner Co, which runs the Godfreys vacuum cleaner retail chain, has stopped ... More >>
MARKET CLOSE: NZ shares rise after reporting season
Sunday, 4 September 2016, 4:47 pm | BusinessDesk
Friday 02 September 2016 05:42 PM MARKET CLOSE: NZ shares rise after reporting season, Nuplex gains on takeover clearance More >>
NZ dollar gains; US payrolls likely to set direction
Friday, 2 September 2016, 5:15 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar gained after weaker-than-expected US manufacturing data although US non-farm payrolls tonight is expected to set the kiwi's direction from here, at least in the short term. More >>
Lincoln gives Huawei contract to 'over-build' network
Friday, 2 September 2016, 4:29 pm | BusinessDesk
Sept. 2 (BusinessDesk) - Lincoln University, whose weak finances prompted the government to install a monitor last year, has given Huawei Technologies a contract to build a network bigger than it currently needs, betting it can use the extra bandwidth ... More >>
More scope for NZ universities to attract Chinese students
Friday, 2 September 2016, 2:58 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand’s eight universities still have capacity for a growing number of Chinese students, according to a marketing executive at Lincoln University who is tasked with attracting more enrollments from the world’s most-populous ... More >>
Residential building work surges in second quarter
Friday, 2 September 2016, 2:52 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The value of residential building work put in place rose in the second quarter of 2016, led by Auckland, while total building activity increased to its highest level since records began 26 years ago. More >>
Whole milk powder may rise in GlobalDairyTrade auction
Friday, 2 September 2016, 2:04 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The price of whole milk powder may rise for the fourth straight auction on the GlobalDairyTrade platform next week, the NZX futures market suggests, in a further sign that global supply and demand are coming back into balance. More >>
