Scoop has an Ethical Paywall
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 574]
Urban Māori win case against Te Ohu Kai Moana
Monday, 18 July 2016, 3:58 pm | BusinessDesk
July 18 (BusinessDesk) - The National Urban Māori Authority (NUMA) and Te Waipareira Trust have succeeded in their claim over a $20 million trust set up for the benefit of urban Māori, meaning all directors of the trust must represent Māori who are ... More >>
Tiwai Point workers cut $20 mln deal with smelter owners
Monday, 18 July 2016, 3:16 pm | BusinessDesk
July 18 (BusinessDesk) - The union representing workers at the Tiwai Point aluminium smelter and New Zealand Aluminium Smelters have reached a settlement of more than $20 million for years of underpayments. More >>
Hyundai Heavy wins $493M contract for ice-capable NZ tanker
Monday, 18 July 2016, 2:31 pm | BusinessDesk
July 18 (BusinessDesk) - Hyundai Heavy Industries, the world's biggest shipbuilder, has beaten out its largest rival for the contract to build a $493 million ice-capable naval tanker for the New Zealand Defence Force which is part of an increased emphasis ... More >>
Ross Asset Management investors reach $4.5m settlements
Monday, 18 July 2016, 2:13 pm | BusinessDesk
July 18 (BusinessDesk) - The liquidator of Ross Asset Management has cut deals totalling $4.5 million with 16 investors and is in talks with a number of others about reaching settlements. More >>
Tainui Group Holdings seeks port operator for inland port
Monday, 18 July 2016, 2:07 pm | BusinessDesk
July 18 (BusinessDesk) - Tainui Group Holdings is seeking expressions of interest from port operators for its planned multi-billion dollar inland port development just outside of Hamilton. More >>
Weak NZ inflation builds case for rate cut next month
Monday, 18 July 2016, 12:54 pm | BusinessDesk
July 18 (BusinessDesk) - A slower-than-expected pace of inflation has added to the case for an interest rate cut next month as a strong New Zealand dollar continues to keep a lid on imported prices. More >>
NZ services sector activity slows in June; retail upbeat
Monday, 18 July 2016, 11:37 am | BusinessDesk
July 18 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, slowed in June although it remains in positive territory with retailing one of the strongest industries. More >>
NZ consumer prices rise 0.4% in second quarter
Monday, 18 July 2016, 11:02 am | BusinessDesk
July 18 (BusinessDesk) - New Zealand consumer prices rose less than expected in the June quarter as cheaper meat and domestic airfares offset a recovery in petrol prices, adding pressure on the Reserve Bank ahead of its unscheduled economic update on Thursday. ... More >>
Seadragon appoints Nevin Amos, ex-Comvita, as CEO
Monday, 18 July 2016, 10:20 am | BusinessDesk
Amos will take over from interim chief executive Richard Alderton in October. He is the chief executive at Pacific T&R and before that worked at Comvita, a cornerstone shareholder in SeaDragon, for nearly a decade. Alderton will remain on SeaDragon's ... More >>
Sales to Asian SMEs still using Excel, handwritten ledgers
Monday, 18 July 2016, 9:10 am | BusinessDesk
July 18 (BusinessDesk) - Xero's Shaun Burke sees "massive potential" for sales growth among the millions of small and medium-sized businesses in ''English-speaking'' southeast Asia, provided the cloud-based accounting firm can wean them off Excel and hand-written ... More >>
World Week Ahead: US earnings, IMF, ECB
Monday, 18 July 2016, 8:53 am | BusinessDesk
July 18 (BusinessDesk) - A wave of US corporate earnings, the International Monetary Fund’s latest world economic outlook, and a European Central Bank policy meeting will draw the focus this week as Wall Street hovers near record highs. More >>
NZ dollar little changed ahead of CPI and RBNZ update
Monday, 18 July 2016, 8:50 am | BusinessDesk
July 18 (BusinessDesk) - The New Zealand dollar was little changed from the New York close as investors wait for local inflation data this morning and an unexpected economic update from the Reserve Bank later this week. More >>
TWI heads for 1.8% weekly decline
Friday, 15 July 2016, 5:16 pm | BusinessDesk
July 15 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly fall on a trade-weighted basis as traders second-guess what the Reserve Bank will say when it gives an updated view on the economy next Thursday, and ahead of Monday's ... More >>
Treasury recommended delaying some science investments
Friday, 15 July 2016, 5:09 pm | BusinessDesk
July 15 (BusinessDesk) - Treasury officials advised Finance Minister Bill English to put off funding several new science programmes for a year which they said couldn't yet demonstrate enough value for the money invested. More >>
Finance companies found guilty of breaching Fair Trading Act
Friday, 15 July 2016, 2:19 pm | BusinessDesk
July 15 (BusinessDesk) - Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing ... More >>
Telco law review favours consumers over investors
Friday, 15 July 2016, 1:07 pm | BusinessDesk
July 15 (BusinessDesk) - The government's plans to rewrite legislation governing telecommunications will tilt the regulatory approach of the sector in favour of end-consumers over investors in fibre and copper networks, says broking house First NZ Capital. More >>
Spark sells Mayoral Drive car park to developer
Friday, 15 July 2016, 12:41 pm | BusinessDesk
July 15 (BusinessDesk) - Spark New Zealand will sell land it had been using for car parking in Auckland for $26.5 million. More >>
Auckland house prices up 85% in four years
Friday, 15 July 2016, 12:39 pm | BusinessDesk
July 15 (BusinessDesk) - Auckland house prices have risen by 85 percent in four years, taking the average price to around nine times the average household’s disposable income, fuelled by record high migration, low interest rates, and housing under-supply. More >>
FMA drops claim against Abano bidders
Friday, 15 July 2016, 12:37 pm | BusinessDesk
July 15 (BusinessDesk) - The Financial Markets Authority has dropped civil proceedings against private equity firm Archer Capital and Abano Healthcare shareholder Peter Hutson over the way they pursued a takeover of Abano in 2013. More >>
IRD insists project tracking below budget
Friday, 15 July 2016, 11:17 am | BusinessDesk
July 15 (BusinessDesk) - The Inland Revenue Department says a 10-year project to overhaul its IT infrastructure and introduce new processes to make it easier for taxpayers is still tracking below budget. More >>
