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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 577]
NZ guest nights fell in May
Tuesday, 12 July 2016, 11:40 am | BusinessDesk
July 12 (BusinessDesk) - New Zealand guest nights fell in May, snapping 25 consecutive months of rises, as fewer domestic guest nights offset a gain in international stays. More >>
Briscoe to defend Kathmandu claim
Tuesday, 12 July 2016, 11:39 am | BusinessDesk
July 12 (BusinessDesk) - Briscoe Group will defend a claim by outdoor equipment chain Kathmandu Holdings for $3.2 million in costs incurred during last year's failed takeover bid. More >>
Adams proposes hybrid price regulation for telco networks
Tuesday, 12 July 2016, 11:07 am | BusinessDesk
July 12 (BusinessDesk) - Communications Minister Amy Adams is proposing a mix of price and revenue caps for telecommunications network operators such as Chorus in an overhaul of legislation regulating the sector and how it can charge for services. More >>
NZ dollar jumps vs. yen
Tuesday, 12 July 2016, 8:49 am | BusinessDesk
NZ dollar jumps vs. yen as Abe win in upper house paves way for more stimulus More >>
NZ dollar rally may slow with upcoming Chinese data
Monday, 11 July 2016, 5:25 pm | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar's run to a 14-month high may take a breather this week as investors hold off from taking firm positions ahead of Chinese economic data due at the end of the week. More >>
Labour to recycle housing funds 25 times in a decade
Monday, 11 July 2016, 4:31 pm | BusinessDesk
July 11 (BusinessDesk) - The Labour Party expects to recycle the funds employed in its mass affordable home-building scheme up to 25 times within a decade to achieve its goal of building 100,000 new homes while committing just $2 billion to achieving ... More >>
Westpac NZ trims interest-only loan terms to 5 years
Monday, 11 July 2016, 4:29 pm | BusinessDesk
July 11 (BusinessDesk) - Westpac Banking Corp's New Zealand unit is cutting interest-only lending terms to a maximum of five years, in a market where investors are the driving force. More >>
China's Tianjin Airlines eyes Auckland service
Monday, 11 July 2016, 3:45 pm | BusinessDesk
July 11 (BusinessDesk) - China's Tianjin Airlines is the latest airline to announce plans for a service to New Zealand with flights to start operating in December this year. More >>
Infratil's Canberra data centre purchase delayed
Monday, 11 July 2016, 3:02 pm | BusinessDesk
July 11 (BusinessDesk) - Infratil's planned purchase of a 48 percent stake in Canberra Data Centres has been delayed due to the uncertainty generated by the outcome of the Australian federal election. More >>
GeoOp shares jump 11%
Monday, 11 July 2016, 1:30 pm | BusinessDesk
July 11 (BusinessDesk) - GeoOp's NZAX-listed shares climbed 11 percent after the management app developer said annual revenue beat forecast. More >>
China's Golden Wing Mau buys 19.99% of T&G Global
Monday, 11 July 2016, 1:28 pm | BusinessDesk
July 11 (BusinessDesk) - Chinese fruit exporter Golden Wing Mau Agricultural Produce has built up a 19.99 percent stake in T&G Global, paying an 18 percent premium to make it the second biggest shareholder in the local company. More >>
NZ plastic card spending rises 1.2% in June
Monday, 11 July 2016, 11:55 am | BusinessDesk
July 11 (BusinessDesk) - Spending on credit and debit cards in New Zealand rose in June, led by increased spending on durable goods. More >>
NZ wool auction volumes at 6 year low in 2015/16 season
Monday, 11 July 2016, 11:12 am | BusinessDesk
July 11 (BusinessDesk) - New Zealand's 2015/16 wool auction season attracted the lowest volume in at least six years, reflecting a decline in the national sheep flock and as farmers sold wool through private contracts. More >>
Ashburton council reneges on controversial deal
Monday, 11 July 2016, 11:10 am | BusinessDesk
July 11 (BusinessDesk) - The Ashburton District Council has reneged on its deal to sell commercial land to a Chinese-controlled company that planned to bottle South Island water for export in an initiative that excited strong local opposition. More >>
Kiwi Property directors seek pay-rise
Monday, 11 July 2016, 11:07 am | BusinessDesk
July 11 (BusinessDesk) - Kiwi Property Group directors will ask shareholders to approve a fee increase for the board at this month's annual meeting, which they say will cover increased demands on their time caused by new regulations and keep pace with ... More >>
Geneva Finance to pay maiden dividend next month
Monday, 11 July 2016, 9:48 am | BusinessDesk
July 11 (BusinessDesk) - Geneva Finance, which reverted back to its old name last month, will pay a special dividend after overhauling the business to achieve sustainable earnings and consolidating its shares in an effort to boost their value. More >>
Pengxin NZ Farm Group CEO Andy Macleod resigns
Monday, 11 July 2016, 9:43 am | BusinessDesk
July 11 (BusinessDesk) - Andy Macleod, the chief executive of the Chinese-owned Pengxin New Zealand Farm Group, has resigned. More >>
World Week Ahead: Fed, earnings return
Monday, 11 July 2016, 8:56 am | BusinessDesk
July 11 (BusinessDesk) - Investors will closely listen to a slew of Federal Reserve officials slated to speak this week after last Friday’s better-than-expected US jobs data to gauge the odds of a rate hike, while the Bank of England announces its ... More >>
NZ dollar TWI climbs to 14-month high
Monday, 11 July 2016, 8:50 am | BusinessDesk
July 11 (BusinessDesk) - The New Zealand dollar climbed to a 14-month high on a trade-weighted basis as a stronger than expected US jobs report stoked investors' appetite for risk-sensitive assets, boosting stock markets and commodity prices. More >>
Caci Clinic owners appoint Banga to lay groundwork for IPO
Monday, 11 July 2016, 8:49 am | BusinessDesk
July 11 (BusinessDesk) - Fab Group, a skincare and appearance medicine company that includes the Caci Clinic franchise, has appointed former NZ Venture Investment Fund chief executive Franceska Banga to chair its new board ahead of a potential public ... More >>
