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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 606]
NZ dollar hits 3-month high vs. Aussie
Friday, 20 May 2016, 9:28 am | BusinessDesk
May 20 (BusinessDesk) - The New Zealand dollar touched a three-month high against the Australian dollar as investors favoured the higher returns available on this side of the Tasman. More >>
While you were sleeping: US hike prospects rise
Friday, 20 May 2016, 7:29 am | BusinessDesk
May 20 (BusinessDesk) - Wall Street fell, while the US dollar rose, amid fresh signals that the Federal Reserve might raise interest rates as early as next month. More >>
NZ dollar falls as Fed minutes point to June rate hike
Thursday, 19 May 2016, 5:26 pm | BusinessDesk
May 19 (BusinessDesk) - The New Zealand dollar fell as the US dollar surged in response to the publication of minutes of the last Federal Open Market Committee which hinted at an interest rate increase as soon as next month, driving up demand for the greenback. More >>
NZX vs Ralec
Thursday, 19 May 2016, 5:11 pm | BusinessDesk
May 19 (BusinessDesk) - Former NZX chief Mark Weldon has denied intimidating the former owners of the Clear Grain Exchange and described them as being more focused on their earnouts than the success of the business. More >>
Fulton Hogan boss Nick Miller resigns
Thursday, 19 May 2016, 5:00 pm | BusinessDesk
May 19 (BusinessDesk) - Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. More >>
US entrepreneur in NZ to teach business how to fail
Thursday, 19 May 2016, 4:59 pm | BusinessDesk
May 19 (BusinessDesk) - The United States entrepreneur Gary Bolles is clear on why we as individuals and business owners can be keen to avoid a leap in the dark. More >>
MPI appoints QC to look into its own fishing investigations
Thursday, 19 May 2016, 3:46 pm | BusinessDesk
May 19 (BusinessDesk) - A Queen's Counsel has been appointed by the Ministry for Primary Industries to carry out an independent investigation into two operations in 2012 and 2013 around the potentially illegal discarding of fish by fishing vessels ... More >>
Peer-to-peer travel app maker CityInsidr hits up crowd
Thursday, 19 May 2016, 3:37 pm | BusinessDesk
Peer-to-peer travel app maker CityInsidr hits up crowd for $300k in AlphaCrowd's first offer More >>
Review of OIO 'good character' assessment
Thursday, 19 May 2016, 1:52 pm | BusinessDesk
May 19 (BusinessDesk) - An independent inquiry to review the Overseas Investment Office's process for assessing good character will now be conducted by Wellington barrister Peter McKenzie QC, because Terence Stapleton QC is no longer available ... More >>
NZ consumer confidence falls in May
Thursday, 19 May 2016, 1:28 pm | BusinessDesk
May 19 (BusinessDesk) - New Zealand consumer confidence slid in May amid rising petrol prices and concerns about an accelerating housing market and the impact of lower interest rates on savings. More >>
Rakon turns to annual loss as telcos pull back spending
Thursday, 19 May 2016, 10:14 am | BusinessDesk
May 19 (BusinessDesk) - Rakon, the high-tech components manufacturer, turned to an annual loss after telecommunications companies pulled back infrastructure spending, hurting sales at its largest unit. More >>
Goodman Property annual earnings rise 4.2%
Thursday, 19 May 2016, 9:58 am | BusinessDesk
May 19 (BusinessDesk) - Goodman Property Trust lifted annual earnings 4.2 percent as the country's second-biggest listed property investor benefited from cheaper interest costs. More >>
NZVIF appoints Richard Dellabarca as new CEO
Thursday, 19 May 2016, 9:32 am | BusinessDesk
May 19 (BusinessDesk) - Former investment banker and technology company executive Richard Dellabarca has been appointed the new chief executive of the government-backed New Zealand Venture Investment Fund. More >>
Coats affirms guidance for modest annual profit growth
Thursday, 19 May 2016, 9:30 am | BusinessDesk
May 19 (BusinessDesk) - Coats Group, the UK-based thread-maker left after diversified investor Guinness Peat Group sold its other assets, reiterated its guidance for a "modest" increase in annual earnings before one-time items and affirmed ... More >>
Infratil to acquire 48% of Canberra Data Centres
Thursday, 19 May 2016, 9:26 am | BusinessDesk
May 19 (BusinessDesk) - Infratil will spend A$392 million for a 48 percent stake in Canberra Data Centres, teaming up with Australian government pension fund provider Commonwealth Superannuation Corp to buy the data centre business. More >>
NZ shares rise; Infratil, Heartland gain on earnings growth
Thursday, 19 May 2016, 9:13 am | BusinessDesk
May 18 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a new record after Infratil posted a gain in full-year earnings and said it has a $1 billion war chest to make acquisitions. Heartland New Zealand advanced after reporting ... More >>
NZ dollar falls as greenback surges
Thursday, 19 May 2016, 9:04 am | BusinessDesk
May 19 (BusinessDesk) - The New Zealand dollar fell as the US dollar surged after the Federal Reserve minutes to its last meeting stoked speculation for an interest rate hike next month. More >>
While you were sleeping: June hike is possible
Thursday, 19 May 2016, 7:34 am | BusinessDesk
May 19 (BusinessDesk) - The greenback strengthened while Wall Street moved lower, erasing earlier gains, after minutes from the latest Federal Open Market Committee meeting tipped an interest rate increase is likely next month. More >>
NZ dollar falls as risk sentiment falters
Wednesday, 18 May 2016, 5:40 pm | BusinessDesk
May 18 (BusinessDesk) - The New Zealand dollar fell as global geopolitical uncertainties and stretched equity market valuations sapped risk appetite and demand for the currency of a country where interest rates are set to fall in coming months. More >>
TrustPower would 'vigorously' fight loss of revenue
Wednesday, 18 May 2016, 4:36 pm | BusinessDesk
May 18 (BusinessDesk) - Trustpower could be among the biggest losers under the Electricity Authority's proposed changes to charges for the national grid and is likely to "vigorously" fight changes to distributed generation pricing changes that could slash $25 million ... More >>
