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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 608]
NZ dollar tumbles vs Aussie after RBA minutes
Tuesday, 17 May 2016, 5:17 pm | BusinessDesk
May 17 (BusinessDesk) - The New Zealand dollar declined against its Australian counterpart after minutes of the last Reserve Bank of Australia meeting showed some reluctance to cut rates at the May 4 meeting and extended its decline after a survey showed ... More >>
NZX was told Clear's business expenses would fall
Tuesday, 17 May 2016, 4:51 pm | BusinessDesk
May 17 (BusinessDesk) - NZX was aware that Clear's businesses were loss making but were told its costs would drop before the market operator completed its 2009 acquisition, Wellington's High Court has heard. More >>
NZ inflation expectations edge higher in latest RBNZ survey
Tuesday, 17 May 2016, 4:27 pm | BusinessDesk
May 17 (BusinessDesk) - New Zealand inflation expectations rose slightly in the Reserve Bank's latest quarterly survey, after the previous survey's surprisingly weak outcome, and remained well below the mid-point of the central bank's target range. More >>
Shares in gold prospector tumble on rights issue
Tuesday, 17 May 2016, 3:46 pm | BusinessDesk
May 17 (BusinessDesk) - New Talisman Goldmines shares dropped 47% after the Coromandel gold prospecting company announced a rights issue to raise up to $12.2 million dollars. More >>
GlobalDairyTrade auction prices may be flat, OMF says
Tuesday, 17 May 2016, 2:51 pm | BusinessDesk
May 17 (BusinessDesk) - The price for New Zealand's key dairy product, whole milk powder, may be relatively flat at tonight's GlobalDairyTrade auction, according to traders who track the NZX futures market. More >>
NZ primary sector needs story to sell globally
Tuesday, 17 May 2016, 2:44 pm | BusinessDesk
May 17 (BusinessDesk) - New Zealand needs to develop a new primary sector story to help sell its products to the world, says Mike Petersen, New Zealand’s special agricultural trade envoy. More >>
Airwork awarded $2 mln in claim against Totally Tourism
Tuesday, 17 May 2016, 12:29 pm | BusinessDesk
May 17 (BusinessDesk) - Airwork Holdings, the aviation industry service provider, won its claim in the High Court against Totally Tourism's The Helicopter Line unit over a helicopter supply deal that soured. More >>
Changes would impose huge increase in grid prices
Tuesday, 17 May 2016, 11:52 am | BusinessDesk
May 17 (BusinessDesk) - Consumers in the upper North Island would face the biggest increase in national electricity grid charges under the Electricity Authority's proposed changes to transmission pricing while the Rio Tinto-controlled aluminium smelter ... More >>
NZ Refining margin squeezed by hydrocracker shutdown
Tuesday, 17 May 2016, 10:41 am | BusinessDesk
May 17 (BusinessDesk) - New Zealand Refining's margins were squeezed by a planned shutdown of its hydrocracker unit and operational problems that needed repairing in the March/April period. More >>
Fonterra shareholders to vote on governance changes
Tuesday, 17 May 2016, 9:26 am | BusinessDesk
May 17 (BusinessDesk) - Fonterra Cooperative Group's farmer shareholders will vote next month on whether to accept governance changes to trim the board by two directors and install a new selection process. More >>
NZ dollar gains as oil hits 6-month highs
Tuesday, 17 May 2016, 9:19 am | BusinessDesk
May 17 (BusinessDesk) - The New Zealand dollar gained as oil prices hit six-month highs, lifting currencies linked to commodity production, while the US dollar weakened. More >>
While you were sleeping: Buffett sees Apple value
Tuesday, 17 May 2016, 7:37 am | BusinessDesk
May 17 (BusinessDesk) - Wall Street moved higher, bolstered by gains in Apple shares after Warren Buffett's Berkshire Hathaway disclosed that it owns a stake worth about US$1.1 billion in the iPhone maker. Oil also helped underpin the mood. More >>
Key looks to 2017 and beyond for tax cuts
Monday, 16 May 2016, 5:30 pm | BusinessDesk
May 16 (BusinessDesk) - Prime Minister John Key used his post-cabinet media conference to indicate he was looking at reducing personal tax levels in next year's budget or he would campaign for a fourth term on a platform of tax cuts. More >>
NZD little changed before inflation report
Monday, 16 May 2016, 5:26 pm | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar was little changed before the release of the inflation expectations report tomorrow that may help guide the market's view on the timing of interest rate cuts by the Reserve Bank. More >>
Livestock Improvement flags proposal to split into two
Monday, 16 May 2016, 4:56 pm | BusinessDesk
May 16 (BusinessDesk) - Livestock Improvement Corp, the farmer-owned cooperative that focuses on dairy herd genetics, farm software and automation, has proposed splitting into two businesses and allowing outside shareholders to invest for the first time. More >>
Kiwi may decline as traders eye inflation outlook
Monday, 16 May 2016, 3:22 pm | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar may decline this week as traders weigh updates on the inflation outlook and dairy prices, and the US dollar looks set to strengthen. More >>
Record annual profit for Kiwi Property
Monday, 16 May 2016, 2:08 pm | BusinessDesk
May 16 (BusinessDesk) - Kiwi Property Group, the country's biggest listed property investor by market value, reported a 118 percent jump in full-year profit reflecting an increase in its portfolio value, higher rental returns, and lower costs including ... More >>
SkyCity raises $180M from share sale
Monday, 16 May 2016, 1:09 pm | BusinessDesk
May 16 (BusinessDesk) - SkyCity Entertainment Group raised about 70 percent of the $263 million it's seeking for expansion in a share sale to institutional investors, and will offer the remaining shares to retail investors. More >>
Jucy plans to expand pod-style hotel chain to Australia
Monday, 16 May 2016, 12:35 pm | BusinessDesk
May 16 (BusinessDesk) - Tourism business Jucy is considering opening its new pod-style budget hotels in Australia later next year if the New Zealand rollout proves successful. More >>
Ralec played up Graincorp relationship: Weldon
Monday, 16 May 2016, 12:22 pm | BusinessDesk
May 16 (BusinessDesk) - Former NZX chief Mark Weldon says Ralec played up the relationship between the Clear Grain Exchange and Graincorp and concealed internal opposition within Australia's largest bulk grain handler to using the Clear platform. More >>
