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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 615]
NZ dollar extends decline after China lowers yuan fixing
Wednesday, 4 May 2016, 5:33 pm | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar extended its decline after China cut its yuan fixing against the US dollar by the most since its devaluation last August, sending the greenback broadly higher. More >>
NZ Refining needs to dredge Whangarei harbour
Wednesday, 4 May 2016, 5:32 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand Refining hopes to apply for resource consents by the end of this year for dredging Whangarei Harbour, expected to cost between $30 million and $45 million, to allow heavier loads on tankers bringing crude oil ... More >>
Ike GPS shares jump 33% on 2017 breakeven forecast
Wednesday, 4 May 2016, 2:51 pm | BusinessDesk
May 4 (BusinessDesk) - IkeGPS shares soared 33 percent after the company said it expects to reach cash breakeven in 2017 on improved sales from its new cloud-based product. More >>
NZ labour market reasonably robust
Wednesday, 4 May 2016, 2:49 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand’s labour market is in reasonable health, despite a higher jobless rate in the first quarter, with employment growing faster than the total working-age population, economists say. More >>
Weldon's bet was 'highest-risk strategy'
Wednesday, 4 May 2016, 2:43 pm | BusinessDesk
May 4 (BusinessDesk) - NZX's acquisition of Clear Grain Exchange in 2009 was a high-risk strategy that assumed it could add value to the barely profitable Australian business even though former chief executive Mark Weldon had been told it could take five to ... More >>
QV says NZ home values rose 12% in year to April
Wednesday, 4 May 2016, 2:23 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand residential property values increased in the year through April, aided by low interest rates. More >>
NZ commodity prices fall in April
Wednesday, 4 May 2016, 1:59 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand commodity prices fell in April, led by weaker prices for dairy products. More >>
Auckland housing market 'restrained' as April sales fall
Wednesday, 4 May 2016, 12:11 pm | BusinessDesk
May 4 (BusinessDesk) - Auckland residential property sales volumes in April fell to the lowest level for the month in four years, according to the city's largest realtor. More >>
NZ jobless rate rises to 5.7% in 1st qtr
Wednesday, 4 May 2016, 11:15 am | BusinessDesk
May 4 (BusinessDesk) - New Zealand’s jobless rate rose in the first quarter as the nation’s labour force recorded its biggest increase in 12 years and Auckland drove an increase in employment growth. More >>
Hirepool may be 'dusted off' for a trade sale
Wednesday, 4 May 2016, 10:53 am | BusinessDesk
May 4 (BusinessDesk) - Hirepool Group, the equipment rental firm majority owned by Tenby Powell and Sharon Hunter, may be headed for a trade sale after plans for an initial public offering two years ago failed to get enough support, according to ... More >>
IkeGPS to breakeven in 2017, investigates NASDAQ listing
Wednesday, 4 May 2016, 9:44 am | BusinessDesk
May 4 (BusinessDesk) - IkeGPS says it will reach cash breakeven in 2017 as it forecasts improved sales from its new cloud-based product. More >>
Todd Corp may bid for troubled Australian steelworks Arrium
Wednesday, 4 May 2016, 9:34 am | BusinessDesk
May 4 (BusinessDesk) - Todd Corp, the holding company for New Zealand’s wealthiest family, may make a bid for Australian iron ore miner and steelmaker Arrium which is in voluntary administration, according to an Australian media report. More >>
Weldon resigns from MediaWorks: 'personal cost too high'
Wednesday, 4 May 2016, 9:29 am | BusinessDesk
May 4 (BusinessDesk) - MediaWorks' controversial chief executive Mark Weldon has resigned, just two days after his chairman, Rod McGeoch, backed him. More >>
NZ dollar falls on Aussie coat-tails after RBA rate cut
Wednesday, 4 May 2016, 9:05 am | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar fell as investors sold Australasian currencies after the Reserve Bank of Australia cut its benchmark interest rate yesterday on concern about weak inflation. More >>
While you were sleeping: Stocks slide on outlook
Wednesday, 4 May 2016, 7:31 am | BusinessDesk
May 4 (BusinessDesk) - Stocks on both sides of the Atlantic dropped amid concern about global economic growth and disappointing corporate earnings. More >>
Dairy product prices slip, stemming two straight gains
Wednesday, 4 May 2016, 6:35 am | BusinessDesk
May 4 (BusinessDesk) - Dairy product prices slipped as a gain in whole milk powder prices, reflecting lower local supplies at the auction, was offset by a decline in other products including skim milk powder amid an unabated international glut. More >>
Weldon saw 'Agri-Bloomberg' in Grain Exchange: Ralec counsel
Tuesday, 3 May 2016, 7:44 pm | BusinessDesk
May 3 (BusinessDesk) - Former NZX chief Mark Weldon regarded the Clear Grain Exchange as an 'Agri-Bloomberg' and was uninterested in previous owner Ralec's view of its prospects, Ralec's counsel told the Wellington High Court in opening submissions. More >>
Reserve Bank of Australia cuts to 1.75% on weak inflation
Tuesday, 3 May 2016, 4:54 pm | BusinessDesk
May 3 (BusinessDesk) - The Reserve Bank of Australia has cut its cash rate by 25 basis points 1.75 percent, sending the kiwi sharply higher against the Australian dollar. More >>
"Wildly inaccurate' estimates for Clear Grain Exchange
Tuesday, 3 May 2016, 3:35 pm | BusinessDesk
May 3 (BusinessDesk) - Stock market operator NZX was given "wildly inaccurate" estimates by the former owners of the Clear Grain Exchange, its counsel has told Wellington's High Court. More >>
My Food Bag seeks new equity
Tuesday, 3 May 2016, 2:51 pm | BusinessDesk
May 3 (BusinessDesk) - My Food Bag Holdings, New Zealand's biggest home delivery meal kit service, is seeking new investment to expand its business. More >>
