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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 609]
NZ services sector picks up in April
Monday, 16 May 2016, 11:25 am | BusinessDesk
May 16 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, picked up in April, suggesting the economy is growing at a "better than average" pace heading into the second quarter. More >>
Record annual profit for Kiwi Property
Monday, 16 May 2016, 10:48 am | 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 >>
Eroad cuts guidance to loss of $1.3M-$1.6M vs IPO forecast
Monday, 16 May 2016, 10:45 am | BusinessDesk
May 16 (BusinessDesk) - Eroad, the logistics and fleet management company, cut its 2016 earnings guidance for the second time to a loss in the range of $1.3 million to $1.6 million compared to a prospectus forecast of a $5.5 million profit. More >>
Fonterra NZ, Australia milk collection drops in season
Monday, 16 May 2016, 10:38 am | BusinessDesk
May 16 (BusinessDesk) - Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More >>
$15 mln extra funding for science and tech commercialisation
Monday, 16 May 2016, 10:36 am | BusinessDesk
May 16 (BusinessDesk) - Science and Innovation Minister Steven Joyce has announced an extra $15 million in funding for commercialisation of scientific research and supporting start-up companies. More >>
Kiwi Property to buy 50% of The Base from Tainui
Monday, 16 May 2016, 9:17 am | BusinessDesk
May 16 (BusinessDesk) - Kiwi Property will buy 50 percent of The Base after Waikato-Tainui turned down the property investor's proposal to buy all of the shopping centre at Te Rapa, Hamilton. More >>
NZ dollar weakens on softer Chinese data
Monday, 16 May 2016, 9:08 am | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar slid after softer economic data from China, the country's biggest export market, and increased demand for the greenback. More >>
Answer still no from Kiwifruit NZ
Monday, 16 May 2016, 8:42 am | BusinessDesk
May 13 (BusinessDesk) - Kiwifruit New Zealand, the kiwifruit industry regulator, says it has followed a High Court ruling to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit that it had previously rejected, but the answer ... More >>
World Week Ahead: Fed minutes, Home Depot results
Monday, 16 May 2016, 7:03 am | BusinessDesk
May 16 (BusinessDesk) - Investors will eye the minutes of the latest Federal Reserve meeting, scheduled for release on Wednesday, amid increasingly mixed messages about global economic growth. More >>
Latipay's Alibaba tie-up targets cardless Chinese consumers
Monday, 16 May 2016, 6:56 am | BusinessDesk
Latipay's Alibaba, WeChat tie-up targets Chinese consumers who don't use credit cards More >>
NZ dollar falls on speculation US dollar will strengthen
Friday, 13 May 2016, 5:31 pm | BusinessDesk
NZ dollar falls on speculation US dollar will strengthen as Fed edges toward rate hike More >>
FMA wins appeal to deregister Vivier
Friday, 13 May 2016, 2:59 pm | BusinessDesk
May 13 (BusinessDesk) - The Financial Markets Authority has won its appeal against a High Court ruling that it breached Vivier & Co's rights to natural justice by failing to provide the firm with detailed evidence for the decision to remove ... More >>
NZX to launch milk price futures contracts on May 27
Friday, 13 May 2016, 2:52 pm | BusinessDesk
May 13 (BusinessDesk) - NZX, the financial markets operator, will launch its milk price futures contracts on May 27, followed later by options contracts. More >>
$12M for tourism infrastructure a 'good start'
Friday, 13 May 2016, 2:30 pm | BusinessDesk
May 13 (BusinessDesk) - Local Government New Zealand said the government’s $12 million fund to help local authorities facing infrastructure stress from an influx of international visitors is a good start but not enough to provide what’s needed. More >>
Xero to reach profitability in three years
Friday, 13 May 2016, 2:23 pm | BusinessDesk
May 13 (BusinessDesk) - Xero, the cloud-based accounting software firm, may reach positive operating earnings in 2018 and achieve bottom-line profit the following year, according to brokerage First NZ Capital. More >>
NZ wool prices slip as buyers favour South Island wools
Friday, 13 May 2016, 2:20 pm | BusinessDesk
May 13 (BusinessDesk) - New Zealand wool prices slipped at yesterday's North Island auction as buyers preferred last week's offering in the South Island. More >>
Comvita price target raised at Craigs on Australian
Friday, 13 May 2016, 2:17 pm | BusinessDesk
May 13 (BusinessDesk) - Comvita's price target has been ramped up by brokerage Craigs Investment Partners after the manuka honey company posted a 68 percent jump in full-year profit on surging demand in Australia and China. More >>
RBNZ may hold off cutting interest rates until August
Friday, 13 May 2016, 1:33 pm | BusinessDesk
May 13 (BusinessDesk) - The Reserve Bank may hold off cutting interest rates until August rather than moving in June because the economy isn't looking so bad and it's tactically better to wait longer, ANZ New Zealand economists say. More >>
Government earmarks extra $20M for tourism over 4 years
Friday, 13 May 2016, 12:44 pm | BusinessDesk
May 13 (BusinessDesk) - The government is to invest an extra $20 million over four years to support tourism, with $12 million heading to a new fund to help communities with small infrastructure projects as tourism numbers are forecast to climb to 4.5 ... More >>
NZ retail sales growth slows in first quarter
Friday, 13 May 2016, 11:37 am | BusinessDesk
May 13 (BusinessDesk) - New Zealand first-quarter retail sales volumes rose at the slowest pace for three quarters, missing economist expectations. More >>
