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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 612]
Foreign home buyer count figures 'not ideal', Upston says
Tuesday, 10 May 2016, 4:26 pm | BusinessDesk
May 10 (BusinessDesk) - A new official survey intended to show the extent of foreign investment in New Zealand property has produced data with "clear limitations" that are "not ideal", Land Information Minister Louise Upston says. More >>
English hints RBNZ may introduce additional curbs
Tuesday, 10 May 2016, 3:13 pm | BusinessDesk
May 10 (BusinessDesk) - Finance Minister Bill English hinted that the Reserve Bank may announce further restrictions to curb the country's housing market as part of its Financial Stability Report tomorrow, according to news reports. More >>
Kiwi company Liverton wins Macau deal
Tuesday, 10 May 2016, 12:37 pm | BusinessDesk
May 10 (BusinessDesk) - Liverton Technology Group has scored a five-year deal to supply new ticketing kiosks for Cotai Water Jet, one of three high-speed ferry services operating between Hong Kong and Macau. More >>
Spark acquires naming rights to Vector Arena
Tuesday, 10 May 2016, 12:19 pm | BusinessDesk
May 10 (BusinessDesk) - Spark New Zealand will take over the naming rights for Auckland's 12,000-seat Vector Arena starting in April 2017 and rename the venue the Spark Arena. More >>
Plastic card spending rises 0.9% in April on hotels
Tuesday, 10 May 2016, 11:39 am | BusinessDesk
May 10 (BusinessDesk) - Spending on credit and debit cards in New Zealand rose in April, driven by an increase for accommodation, hotels, restaurants and takeaway food. More >>
Homeware, sports goods boost Briscoe first-quarter sales 11%
Tuesday, 10 May 2016, 11:24 am | BusinessDesk
May 10 (BusinessDesk) - Briscoe Group reported an 11 percent gain in first-quarter sales on growth at both its Briscoes Homeware and Rebel Sport stores, and said profit is tracking ahead of the same period last year. More >>
NZ govt posts surprise budget surplus in first 9 months
Tuesday, 10 May 2016, 11:14 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand government posted a budget surplus in the first nine months of the financial year, against a Treasury forecast for a deficit, reflecting tax revenue that rose faster than Crown expenses. More >>
Comvita annual profit jumps 68%
Tuesday, 10 May 2016, 10:52 am | BusinessDesk
May 10 (BusinessDesk) - Comvita boosted annual profit 68 percent as Australian sales soared, overtaking New Zealand as the manuka honey company's largest market. More >>
NZ dollar fall as investors shun commodity currencies
Tuesday, 10 May 2016, 8:57 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar fell along with other currencies linked to commodities on concern Chinese demand is waning. More >>
NZ dollar fall as investors shun commodity currencies
Tuesday, 10 May 2016, 8:39 am | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar weakened along with other currencies linked to commodities on concern about Chinese demand, as the US dollar picked up. More >>
While you were sleeping: Mixed mood on Wall St
Tuesday, 10 May 2016, 7:45 am | BusinessDesk
May 10 (BusinessDesk) - Wall Street was mixed as caution about the global economic outlook weighed on investors’ minds, even amid fresh merger and acquisition deals and better-than-expected results and raised profit estimates including from Tyson ... More >>
NZ dollar falls on TWI basis
Monday, 9 May 2016, 5:36 pm | BusinessDesk
NZ dollar falls on TWI basis as prospects of rate-cut contrast with Fed looking to hike More >>
Paviour-Smith denies NZX only spent 1/10th of $100m
Monday, 9 May 2016, 4:54 pm | BusinessDesk
Paviour-Smith denies NZX only spent 1/10th of $100m development budget on grain exchange More >>
Panama Papers show surge in foreign trusts in NZ
Monday, 9 May 2016, 3:59 pm | BusinessDesk
May 9 (BusinessDesk) - Peter Dunne, who was Minister of Revenue from 2005 to 2013, says he is concerned that a fourfold increase in the number of foreign trusts in New Zealand, revealed in the Panama Papers, could harm the nation's reputation. More >>
APN shares halted for potential material announcement
Monday, 9 May 2016, 3:33 pm | BusinessDesk
May 9 (BusinessDesk) - APN News & Media, which abandoned plans for an initial public offering of its NZME division in February, had its shares halted on the ASX pending an announcement about a potential material transaction involving the New Zealand ... More >>
Kiwi may fall if housing curbs pave the way for rate cuts
Monday, 9 May 2016, 3:00 pm | BusinessDesk
May 9 (BusinessDesk) - The New Zealand dollar may decline this week on expectations the Reserve Bank could add further restrictions to the housing market, paving the way for future interest rate cuts. More >>
Fairfax mulls options for NZ division
Monday, 9 May 2016, 12:38 pm | BusinessDesk
May 9 (BusinessDesk) - Fairfax Media says it has nothing to disclose about its New Zealand operations after The Australian newspaper reported it was considering an A$200 million spinoff of its New Zealand newspapers, magazines, and digital business. More >>
Australian dairy farmers call for independent govt review
Monday, 9 May 2016, 12:29 pm | BusinessDesk
May 9 (BusinessDesk) - A group of Australian dairy farmers is planning a rally this week and more to follow in a push for the federal government to urgently establish an independent review of the country’s dairy industry after farmgate milk prices ... More >>
Milford becomes biggest shareholder in Tourism Holdings
Monday, 9 May 2016, 11:49 am | BusinessDesk
May 9 (BusinessDesk) - Milford Asset Management has become the largest single shareholder in Tourism Holdings after investor Sterling Grace exited its holding in the rental campervan operator. More >>
Air NZ to settle its part in US civil suit
Monday, 9 May 2016, 10:26 am | BusinessDesk
May 9 (BusinessDesk) - Air New Zealand has agreed to a US$35 million settlement in a class-action lawsuit in the US taken by freight forwarding companies who claimed airlines colluded over cargo fuel and security surcharges between 2000 and 2006. More >>
