BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 621]

MARKET CLOSE: NZ shares extend gains with global markets

Thursday, 21 April 2016, 5:55 pm | BusinessDesk

April 21 (BusinessDesk) - New Zealand shares rose to a fresh record as Fletcher Building reached a 10-month high on perceptions it has lagged the market's rally. A2 Milk, dual-listed Australia & New Zealand Banking Group and Westpac Banking Corp also ... More >>

NZ dollar falls vs Australian dollar, greenback

Thursday, 21 April 2016, 5:33 pm | BusinessDesk

April 21 (BusinessDesk) - The New Zealand dollar fell from a 10-month high against the greenback and dropped versus the Australian dollar amid speculation the Reserve Bank may try to drive the kiwi lower by cutting rates next week when most in the ... More >>

Zespri indicates early profit range for 2017 season

Thursday, 21 April 2016, 4:52 pm | BusinessDesk

April 21 (BusinessDesk) - Kiwifruit marketer Zespri International has indicated an after-tax profit of $25 million to $30 million for the 2017 financial year, excluding revenue from the release of 400 hectares of Gold3 licence being tendered next month. More >>

Te Ohu Kai Moana argues that urban Maori benefit

Thursday, 21 April 2016, 4:50 pm | BusinessDesk

Te Ohu Kai Moana argues that urban Maori benefit from iwi-dominated $20 mln trust More >>

Media lockup to go ahead for Budget

Thursday, 21 April 2016, 4:48 pm | BusinessDesk

April 21 (BusinessDesk) - The Treasury has confirmed it is to go ahead with a lock-up for journalists for the budget on May 26, despite the Reserve Bank's decision to end the briefings. More >>

China's fake milk powder scandal

Thursday, 21 April 2016, 3:49 pm | BusinessDesk

April 21 (BusinessDesk) - Chaotic sales channels have been blamed for China’s latest fake infant formula scandal where 22,600 cans of counterfeit milk powder were sold under the brands of Chinese infant formula maker Beingmate and US-based Abbott Laboratories. More >>

China, India show their hands on investor access

Thursday, 21 April 2016, 3:18 pm | BusinessDesk

April 21 (BusinessDesk) - New Zealand trade officials have seen offers on terms for investment access for the first time from a number of Asian nations, including China, in negotiations for the Regional Comprehensive Economic Partnership (RCEP). More >>

NZ consumer confidence creeps up in April

Thursday, 21 April 2016, 1:15 pm | BusinessDesk

April 21 (BusinessDesk) - New Zealand consumer confidence rose in April as Kiwis remained optimistic about the state of the economy, shrugging off concerns a downturn in the dairy sector would spread across the nation. More >>

NZ posts new annual migration record in March year

Thursday, 21 April 2016, 12:23 pm | BusinessDesk

April 21 (BusinessDesk) - New Zealand set a new annual migration record for a 20th month in March, as more people moved across the Tasman from Australia. More >>

New Zealand wine production having a Goldilocks year

Thursday, 21 April 2016, 12:06 pm | BusinessDesk

April 21 (BusinessDesk) - Production volumes of New Zealand wine grapes this year are expected to be significantly higher than in 2015, although within a manageable range, said Rabobank’s latest quarterly wine report. More >>

Nuplex sells Australasian pulp and paper chemicals business

Thursday, 21 April 2016, 11:24 am | BusinessDesk

April 21 (BusinessDesk) - Nuplex Industries, whose shareholders will vote on whether to accept a $1.05 billion takeover offer later this year, has sold its Australasian pulp and paper chemicals business for A$21 million. More >>

Credit rating at risk of being slashed on sale prospects

Thursday, 21 April 2016, 10:53 am | BusinessDesk

April 21 (BusinessDesk) - UDC Finance's AA- credit rating was placed on CreditWatch Negative by Standard & Poor's pending its potential sale by Australia & New Zealand Banking Group and the likelihood of a weaker rating as a stand-alone business. More >>

Infratil inks US$30M deal for electric bus technology

Thursday, 21 April 2016, 9:50 am | BusinessDesk

April 21 (BusinessDesk) - Infratil's NZ Bus unit has inked a US$30 million deal with US-based Wrightspeed to enable it to transition its buses to electric technology. More >>

Metlifecare sells Wairarapa retirement village

Thursday, 21 April 2016, 9:46 am | BusinessDesk

April 21 (BusinessDesk) - Metlifecare sold its Wairarapa retirement village for $6 million as it focuses its expansion on the upper North Island. More >>

NZOG finds more oil and gas in Kupe field

Thursday, 21 April 2016, 9:25 am | BusinessDesk

April 21 (BusinessDesk) - New Zealand Oil & Gas, the energy exploration company, has upgraded the developed reserves at the Kupe field off the Taranaki coast and is still looking at ways to expand untapped reserves in the project. More >>

NZ dollar slips from 10-month high as oil falls

Thursday, 21 April 2016, 8:50 am | BusinessDesk

April 20 (BusinessDesk) - The New Zealand dollar fell from a 10-month high as a dip in crude oil took the shine off commodity currencies and some traders took advantage of the kiwi's 2 percent gain in the past two days to sell down their holdings and ... More >>

NZ dollar slips below 70 US cents

Thursday, 21 April 2016, 8:48 am | BusinessDesk

April 21 (BusinessDesk) - The New Zealand dollar slipped back below 70 US cents overnight after it failed to break through a key resistance level yesterday, prompting traders to bank profits ahead of the Reserve Bank interest rate review next week. More >>