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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 624]
Govt open to betting on reality TV under Racing Act reform
Friday, 15 April 2016, 3:10 pm | BusinessDesk
April 15 (BusinessDesk) - The government is seeking public submissions on changes to the Racing Act which could see it impose fees on foreign gambling operators accepting bets from New Zealand, as well as expanding its own product range to compete better ... More >>
Airports struggle with Uber drivers
Friday, 15 April 2016, 1:52 pm | BusinessDesk
April 15 (BusinessDesk) - New Zealand's airports are working increasingly hard to make Uber drivers pay to pick up passengers as some flout the rules designed to keep them out. More >>
TeamTalk boss and founder David Ware resigns
Friday, 15 April 2016, 11:38 am | BusinessDesk
April 15 (BusinessDesk) - TeamTalk managing director David Ware has resigned from the company he founded 22 years ago, acknowledging his behaviour had been "sub-optimal" and attracted complaints, saying he stayed on too long. More >>
NZ wool prices slip at auction
Friday, 15 April 2016, 10:30 am | BusinessDesk
April 15 (BusinessDesk) - New Zealand wool prices slipped at auction this week as buyers mark down poorer quality fibre with excessive vegetable matter. More >>
Chorus broadband, fibre connections rise in first quarter
Friday, 15 April 2016, 10:13 am | BusinessDesk
April 15 (BusinessDesk) - Chorus, the telecommunications network operator, increased broadband connections 0.4 percent in the March quarter as customers continued to move away from fixed-line services on the copper network to fibre. More >>
'Pros' outweigh 'cons' of GeoOp merger with InterfaceIT
Friday, 15 April 2016, 9:38 am | BusinessDesk
April 15 (BusinessDesk) - The pros of GeoOp's planned merger with Australian mobile sales app developer InterfaceIT "significantly outweigh" the cons of the deal, says the independent adviser hired to assess the deal. More >>
NZ dollar touches two-week low vs. Aussie
Friday, 15 April 2016, 8:56 am | BusinessDesk
April 15 (BusinessDesk) - The New Zealand dollar touched its lowest level in more than two weeks against the Aussie dollar after upbeat Australian employment data yesterday boosted investor optimism about the outlook for the economy. More >>
NZ dollar falls as greenback strengthens
Friday, 15 April 2016, 8:41 am | BusinessDesk
April 14 (BusinessDesk) - The New Zealand dollar fell against a broadly stronger US dollar and after the Monetary Authority of Singapore eased policy in a move seen as signalling weaker global growth. More >>
While you were sleeping: Bank stocks gain
Friday, 15 April 2016, 6:55 am | BusinessDesk
April 15 (BusinessDesk) - Wall Street moved higher, though gave up some of its earlier gains, as shares of JPMorgan Chase and those of Goldman Sachs led the Dow’s advance. More >>
MARKET CLOSE: NZ shares chart new record
Thursday, 14 April 2016, 5:54 pm | BusinessDesk
MARKET CLOSE: NZ shares chart new record as equity markets revive; Westpac, ANZ, A2 gain More >>
CORRECT: Buyer looks to Bethunes as a listed shell
Thursday, 14 April 2016, 5:52 pm | BusinessDesk
(Eliminates reference to the Mowbray collectibles stamp dealership which was sold last year in the first and third par) More >>
NZ well placed to deliver to Asia's growing protein demand
Thursday, 14 April 2016, 4:32 pm | BusinessDesk
April 14 (BusinessDesk) - Why would the amount of rice being eaten in Asia plateauing be good for New Zealand? More >>
Flavell forges ahead with Te Ture Whenua Act reform
Thursday, 14 April 2016, 4:30 pm | BusinessDesk
April 14 (BusinessDesk) - Maori Affairs Minister Te Uruora Flavell has surprised political opponents by introducing a Te Ture Whenua Act reform bill to Parliament, arguing that drafting changes and consultation in recent months meets the concerns ... More >>
Fonterra, Zespri supportive of TPP
Thursday, 14 April 2016, 3:57 pm | BusinessDesk
April 14 (BusinessDesk) - Fonterra Cooperative Group and Zespri International have voiced their support for the Trans-Pacific Partnership at a select committee hearing, although neither could quantify the benefit of the treaty being ratified. More >>
Reserve Bank tracks down leak from lockup to Mediaworks
Thursday, 14 April 2016, 2:50 pm | BusinessDesk
April 14 (BusinessDesk) - New Zealand's Reserve Bank said its decision to cut interest rates last month was leaked by a Newshub Mediaworks reporter from the media lockup and it will stop offering journalists and analysts embargoed access to sensitive ... More >>
UPDATE: Fonterra governance review
Thursday, 14 April 2016, 2:18 pm | BusinessDesk
April 14 (BusinessDesk) - Fonterra Cooperative Group is proposing cutting its board numbers by two to 11 and having a single process for electing farmer appointed and independent directors as part of the first governance overhaul since it was established ... More >>
Augusta properties gain $3.7 million in value over 6 months
Thursday, 14 April 2016, 12:02 pm | BusinessDesk
April 14 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, will post a revaluation gain of $3.7 million for the six months through March. More >>
Affco granted leave to appeal seasonal workers ruling
Thursday, 14 April 2016, 11:23 am | BusinessDesk
April 14 (BusinessDesk) - Affco New Zealand, the Talleys Group-controlled meat processor, has been granted leave to appeal an Employment Court ruling that the rights of seasonal workers were preserved in the off-season as if they were in continuous employment. More >>
NZ manufacturing activity slowed for a second month
Thursday, 14 April 2016, 11:17 am | BusinessDesk
April 14 (BusinessDesk) - New Zealand manufacturing activity slowed for a second month in March to the lowest level in five months although it remains above its longer term average. More >>
More predictable regulation for NZ's telecom backbone
Thursday, 14 April 2016, 10:36 am | BusinessDesk
April 14 (BusinessDesk) - The copper and fibre-optic networks used for New Zealand telecommunications services will move to a simpler, more predictable form of regulation, similar to that used for regulating the monopoly parts of the electricity system, ... More >>
