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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 623]
NZ dollar touches 2-week high as oil prices recover ground
Tuesday, 19 April 2016, 9:25 am | BusinessDesk
April 19 (BusinessDesk) - The New Zealand dollar touched its highest level in more than two weeks after oil prices recovered ground following a slump yesterday when oil producers failed to reach agreement on freezing production to bolster prices. More >>
Telstra Health director Kelsey says wi-fi must be free
Tuesday, 19 April 2016, 9:11 am | BusinessDesk
April 18 (BusinessDesk) - Tim Kelsey, strategy and commercial director of Telstra Health, told a conference in Wellington that wi-fi must be free as a public utility in order to ensure everyone can reap the benefits of digital health-care changes. More >>
NZ shares tread water, Air NZ falls
Tuesday, 19 April 2016, 9:09 am | BusinessDesk
April 18 (BusinessDesk) - New Zealand shares rose to a fresh high in light trading as the local index outperformed Asian markets. SkyCity Entertainment Group gained while Air New Zealand dropped, following ASX-listed Qantas Airways lower. More >>
NZ dollar rebounds as inflation data beats market forecasts
Tuesday, 19 April 2016, 9:08 am | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar recovered ground mid-morning after government figures showed inflation higher than the market expected, keeping the central bank on track to cut interest rates in the next two months. More >>
While you were sleeping: Dow touches nine month high
Tuesday, 19 April 2016, 6:56 am | BusinessDesk
April 19 (BusinessDesk) - Wall Street gained amid better-than-expected earnings including for Hasbro and New York Federal Reserve President William Dudley’s positive assessment of the US economy. More >>
APN considers demerging NZME following cancelled IPO
Monday, 18 April 2016, 4:40 pm | BusinessDesk
April 18 (BusinessDesk) - APN News & Media could spin off its NZME New Zealand media assets after abandoning an initial public offering for the division in February, although investors say such a proposal may struggle to find favour with shareholders. More >>
NZ central bank chooses SIA's Perago
Monday, 18 April 2016, 4:11 pm | BusinessDesk
April 18 (BusinessDesk) - New Zealand's central bank has chosen European technology firm SIA to supply and support a new real-time gross settlement system (RTGS) that will replace the current exchange settlement account system (ESAS). More >>
NZ beef, lamb and mutton prices fall
Monday, 18 April 2016, 3:33 pm | BusinessDesk
April 18 (BusinessDesk) - New Zealand export beef, lamb and mutton prices fell in the first half of the current season, which tapered off after a strong start. More >>
NZ Dollar Outlook: Traders split on outlook
Monday, 18 April 2016, 1:20 pm | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar may be headed for a volatile ride this week as traders weigh the outlook for commodity prices and inflation. More >>
AsureQuality partners with France's Bureau Veritas
Monday, 18 April 2016, 1:09 pm | BusinessDesk
April 18 (BusinessDesk) - AsureQuality, the state-owned food safety and biosecurity services firm, has teamed up with French testing and inspection group Bureau Veritas to buy out its partners in Australia's Dairy Technical Services for an undisclosed ... More >>
NZ export log prices hold steady in March
Monday, 18 April 2016, 11:21 am | BusinessDesk
April 18 (BusinessDesk) - New Zealand export log prices held steady this month as improved demand offset an increase in shipping costs. More >>
NZ first-quarter inflation meets Reserve Bank forecast
Monday, 18 April 2016, 11:09 am | BusinessDesk
April 18 (BusinessDesk) - New Zealand recorded inflation that met the Reserve Bank’s forecast in the first quarter, as an increase in tobacco tax, food and housing-related costs offset the impact of low fuel prices. More >>
NZ Refining wants minimum board size cut from eight to three
Monday, 18 April 2016, 10:36 am | BusinessDesk
April 18 (BusinessDesk) - New Zealand Refining, which operates the country's only oil refinery, wants shareholders to approve a change to the company's constitution that would allow for a smaller board. More >>
Augusta Capital buys NZME House in Auckland for $115.8M
Monday, 18 April 2016, 9:19 am | BusinessDesk
April 18 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has bought NZME House in Auckland for $115.8 million with plans to bundle the property into a syndication investment offer. More >>
World Week Ahead: US earnings, ECB rate decision
Monday, 18 April 2016, 8:53 am | BusinessDesk
April 18 (BusinessDesk) - After markets rallied on better-than-expected corporate earnings, notably from US banks, investors will eye more results including from Morgan Stanley, IBM and Yahoo as well as a European Central Bank policy meeting. More >>
World Week Ahead: US earnings, ECB rate decision
Monday, 18 April 2016, 8:49 am | BusinessDesk
April 18 (BusinessDesk) - After markets rallied on better-than-expected corporate earnings, notably from US banks, investors will eye more results including from Morgan Stanley, IBM and Yahoo as well as a European Central Bank policy meeting. More >>
NZ dollar falls after oil producers fail to agree
Monday, 18 April 2016, 8:46 am | BusinessDesk
April 18 (BusinessDesk) - The New Zealand dollar fell after oil producers failed to reach agreement to freeze production at a weekend meeting in the Qatari capital of Doha, denting demand for commodity-linked currencies. More >>
NZ dollar heads for 1.4% weekly gain
Saturday, 16 April 2016, 1:21 pm | BusinessDesk
NZ dollar heads for 1.4% weekly gain as Chinese data points to improving global economy More >>
CORRECT: MARKET CLOSE: NZ shares rise to record
Saturday, 16 April 2016, 10:57 am | BusinessDesk
(Removes extraneous reference to Z Energy earnings in 13th paragraph of story that moved Friday April 15) More >>
MARKET CLOSE: NZ shares rise to record
Friday, 15 April 2016, 6:36 pm | BusinessDesk
MARKET CLOSE: NZ shares rise to record, led by Spark, Skellerup, Steel & Tube By Sophie Boot April 15 (BusinessDesk) - New Zealand shares edged up to a fresh record, led by Spark New Zealand, Skellerup Holdings and Steel & Tube Holdings. More >>
