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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 55]
Falling Auckland prices depress national price inflation
Thursday, 6 June 2019, 9:55 am | BusinessDesk
June 6 (BusinessDesk) - Falling house prices in all but the extreme outer suburbs of Auckland and the odd pockets of weakness elsewhere in the country are keeping a lid on national house price inflation. More >>
MARKET CLOSE: NZ shares edge higher; A2 recovers some ground
Wednesday, 5 June 2019, 9:10 pm | BusinessDesk
June 5 (BusinessDesk) - New Zealand shares edged higher, lagging behind Wall Street's gains on the prospect of lower interest rates. A2 Milk recovered some of yesterday's sell-off as investors tried to gauge China's plan to boost domestic infant formula ... More >>
NZ dollar rises on RBNZ official's speech notes, Fed comment
Wednesday, 5 June 2019, 9:09 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar rose as the US dollar reached a seven-week low and on the release of a speech a Reserve Bank official gave in Tokyo last week in which he indicated that interest rates will probably be on hold for the foreseeable ... More >>
RBNZ sees interest rates near current levels for near-future
Wednesday, 5 June 2019, 5:38 pm | BusinessDesk
RBNZ sees interest rates near current levels for foreseeable future More >>
Farmers less happy with banks and RBNZ capital requirements
Wednesday, 5 June 2019, 2:39 pm | BusinessDesk
June 5 (BusinessDesk) - Federated Farmers is pointing the finger at the Reserve Bank's proposed increase in bank capital requirements as more farmers feel under pressure and overall satisfaction with banks hit the lowest level since its first ... More >>
RBNZ bank capital proposals won't be a panacea
Wednesday, 5 June 2019, 11:51 am | BusinessDesk
June 5 (BusinessDesk) - The Reserve Bank's bank capital proposals focus on the wrong things, are based on cherry-picking international research and won’t necessarily calm investors and depositors when banks come under stress, according to Martien ... More >>
New car registrations drop 14% in May
Wednesday, 5 June 2019, 11:16 am | BusinessDesk
June 5 (BusinessDesk) - New car registrations fell almost 14 percent in May from a year earlier, as the local vehicle market continues to slow after successive records in recent years. More >>
NZ dollar rises on growing expectations for US rate cut
Wednesday, 5 June 2019, 11:05 am | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar was higher on growing speculation the US could move to cut rates, in particular against the backdrop of rising trade tensions. More >>
New protocols on fuel stockpile data agreed
Wednesday, 5 June 2019, 10:43 am | BusinessDesk
June 5 (BusinessDesk) - Government officials have agreed new protocols with the country’s fuel suppliers to ensure they can get daily data on terminal stocks during emergencies. More >>
Dairy product prices decline for second straight time
Wednesday, 5 June 2019, 10:24 am | BusinessDesk
June 5 (BusinessDesk) - Dairy product prices fell at the Global Dairy Trade auction, sliding a second consecutive time, as whole milk powder continued its retreat. More >>
MARKET CLOSE: NZ shares drop below 10,000
Tuesday, 4 June 2019, 9:02 pm | BusinessDesk
June 4 (BusinessDesk) - The S&P/NZX 50 Index closed below 10,000 for the first time in almost a month, as A2 Milk slumped almost 11 percent on fears that China's plans to develop its domestic infant formula market may weigh on the milk marketing ... More >>
Cabinet reshuffle by the end of the month, says Ardern
Tuesday, 4 June 2019, 9:01 pm | BusinessDesk
June 4 (BusinessDesk) - Prime Minister Jacinda Ardern will reshuffle her Cabinet later this month, but is signalling there won't be "substantive changes" in a group of ministers whose continued service is based not only on performance ... More >>
NZ dollar falls after RBA cuts its cash rate
Tuesday, 4 June 2019, 8:22 pm | BusinessDesk
June 4 (BusinessDesk) - The New Zealand made up lost ground from earlier in the day after the Reserve Bank of Australia cut its cash rate, a move that had already been fully priced into the market, but then the kiwi fell again. More >>
Danone cleared to indirectly hold up to 65% of Yashili NZ
Tuesday, 4 June 2019, 8:20 pm | BusinessDesk
June 4 (BusinessDesk) - Danone SA can indirectly hold up to 65 percent of Yashili New Zealand Dairy Co after its Danone Asia Pacific unit got a green light from the Overseas Investment Office to purchase up to 49 percent of the local dairy processor. More >>
SSC to investigate Treasury Secretary Makhlouf
Tuesday, 4 June 2019, 8:19 pm | BusinessDesk
June 4 (BusinessDesk) - An investigation into last week's Budget leak by the State Services Commission has morphed into an investigation into the actions of Treasury Secretary Gabriel Makhlouf after the discovery that the National Party had obtained ... More >>
Tiwai Point smelter's annual net profit plummets
Tuesday, 4 June 2019, 8:13 pm | BusinessDesk
June 4 (BusinessDesk) - The owner of New Zealand’s sole aluminium smelter says it has delivered a significantly lower profit for calendar 2018 and that it remains vulnerable to a volatile market this year. More >>
Govt ready to fill the gap on digital services tax
Tuesday, 4 June 2019, 7:13 pm | BusinessDesk
Govt ready and willing to fill the gap on digital services tax if OECD solution fails More >>
NZX50 drops below 10,000 as it catches up with Aus decline
Tuesday, 4 June 2019, 5:05 pm | BusinessDesk
June 4 (BusinessDesk) - The S&P/NZX 50 Index dropped below the 10,000 for the first time in almost a month, as the local market caught up with Australia's slide yesterday. More >>
Better protection needed for national infrastructure
Tuesday, 4 June 2019, 4:57 pm | BusinessDesk
Better protection needed for national infrastructure, pipeline inquiry told More >>
NZ first quarter terms of trade rebound
Tuesday, 4 June 2019, 2:32 pm | BusinessDesk
June 4 (BusinessDesk) - New Zealand's terms of trade rebounded in the first quarter on record export volumes of dairy products and cheaper imported fuel. More >>
