Scoop has an Ethical Paywall
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 620]
Bennett 'taking advice' on cancelling 'dodgy' carbon credits
Tuesday, 26 April 2016, 1:59 pm | BusinessDesk
April 26 (BusinessDesk) - Climate Change Minister Paula Bennett is "taking advice" on whether to cancel some or all of the so-called 'dodgy' carbon credits bought mainly by power and petrol companies to cover New Zealand's future obligations to reduce ... More >>
SeaDragon misses annual earnings guidance
Tuesday, 26 April 2016, 12:58 pm | BusinessDesk
April 26 (BusinessDesk) - SeaDragon missed its annual earnings guidance as a downturn in sales pushed down prices of Omega-2 oil and says the final cost of its Omega-3 refinery will be more than previously expected. More >>
Jury still out on impact of foreign property investors
Tuesday, 26 April 2016, 12:41 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand would need data on the activity and influence of foreign property investors before committing to the risks and costs associated with a selective land tax, says Bob Buckle, the dean of commerce at Victoria Business ... More >>
Brierley lifts takeover bid for Kirkcaldie
Tuesday, 26 April 2016, 11:12 am | BusinessDesk
April 26 (BusinessDesk) - Veteran corporate raider Ron Brierley has increased his takeover offer for Kirkcaldie & Stains after his earlier offer was rejected by the former retailer's board. More >>
Spark overhauls executive team; Miles, Snodgrass to leave
Tuesday, 26 April 2016, 9:29 am | BusinessDesk
April 26 (BusinessDesk) - Spark New Zealand's head of digital Tim Miles and ventures unit boss Rod Snodgrass will leave the country's biggest telecommunications company at the end of the year in an overhaul of its executive structure. More >>
NZ dollar drifts as central bank meetings loom large
Tuesday, 26 April 2016, 9:17 am | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar was little changed as investors remain cautious ahead of Thursday when the Reserve Bank joins the US Federal Reserve and Bank of Japan in reviewing monetary policy. More >>
While you were sleeping: Xerox shares drop
Tuesday, 26 April 2016, 7:44 am | BusinessDesk
April 26 (BusinessDesk) - Wall Street moved lower with disappointing earnings including from Xerox and the price of oil, while investors geared up for the two-day US Federal Reserve policy meeting starting on Tuesday. More >>
MARKET CLOSE: NZ shares fall on global selloff
Saturday, 23 April 2016, 12:21 pm | BusinessDesk
MARKET CLOSE: NZ shares fall on global selloff, Air NZ, Auckland Airport and Tower decline More >>
NZ dollar heads for modest weekly decline
Friday, 22 April 2016, 5:17 pm | BusinessDesk
NZ dollar heads for modest weekly decline as global outlook trumps RBNZ's looming review More >>
Euro Corp allowed to resume selling ductile steel mesh
Friday, 22 April 2016, 4:58 pm | BusinessDesk
April 22 (BusinessDesk) - Euro Corporation, one of three companies involved in Commerce Commission concerns about testing on their ductile steel mesh products, has reached an interim agreement that would allow it to resume selling the product used in residential ... More >>
Half billion dollars pledged to Tauranga to Waihi route
Friday, 22 April 2016, 4:52 pm | BusinessDesk
April 22 (BusinessDesk) - The government is pledging roading projects to ease congestion and improve freight links for Tauranga worth $520 million over the next decade. More >>
Kiwi startup Dotterel wins innovation award
Friday, 22 April 2016, 2:58 pm | BusinessDesk
April 22 (BusinessDesk) - New Zealand startup Dotterel Technologies has won an innovation award for its noise-reducing drone technology at the 2016 NAB Show, the world’s largest annual convention to launch innovative products to key influencers in media, ... More >>
English scotches speculation
Friday, 22 April 2016, 2:38 pm | BusinessDesk
April 22 (BusinessDesk) - New Zealand Finance Minister Bill English scotched speculation that he is concerned about the Reserve Bank's performance after he stepped up his oversight of the central bank. More >>
Water needs a price, reforms require urgency, submitters say
Friday, 22 April 2016, 1:23 pm | BusinessDesk
April 22 (BusinessDesk) - The government's freshwater management reforms need to be re-energised, lack ambitious timetables and avoid hard questions like pricing water, say submissions from a range of tourism and environmental groups on the proposed ... More >>
Traders split on RBNZ's April rate cut decision
Friday, 22 April 2016, 12:47 pm | BusinessDesk
April 22 (BusinessDesk) - Traders are evenly split on whether Reserve Bank governor Graeme Wheeler will deliver another interest rate cut next week, with the kiwi dollar flying above the central bank's projections, making imported products cheaper and ... More >>
NZ wool prices decline at auction
Friday, 22 April 2016, 11:35 am | BusinessDesk
April 22 (BusinessDesk) - New Zealand wool prices declined at auction this week with limited competition from buyers as wool contaminated with plant matter was discounted. More >>
NZ dollar falls as traders bet on interest rate cuts
Friday, 22 April 2016, 9:16 am | BusinessDesk
April 22 (BusinessDesk) - The New Zealand dollar fell as traders price in the chance that the Reserve Bank may cut interest rates at its meeting next week in an attempt to bolster lacklustre inflation and weaken the currency. More >>
FEI faces ratings downgrade after loan restructure
Friday, 22 April 2016, 8:47 am | BusinessDesk
April 22 (BusinessDesk) - NZ finance company FE Investments (FEI) had its ‘B’ long-term and short-term credit ratings placed on CreditWatch Negative by Standard & Poor’s following the restructuring of its $1.7 million loan to loss-making ... More >>
While you were sleeping: Travelers, Mattel disappoint
Friday, 22 April 2016, 7:07 am | BusinessDesk
April 22 (BusinessDesk) - Wall Street fell, dragged lower by disappointing earnings from companies including Travelers Cos. More >>
Uber and taxis to be covered by same regulations
Thursday, 21 April 2016, 8:37 pm | BusinessDesk
April 21 (BusinessDesk) - An overhaul of the way taxis and private hire companies operate has been set out by Transport Minister Simon Bridges in response to the rise of ride-sharing companies such as Uber. More >>
