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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 627]
UPDATE: Key cautious on China FTA upgrade timetable
Monday, 11 April 2016, 5:53 pm | BusinessDesk
April 11 (BusinessDesk) - Prime Minister John Key is to visit China this month to discuss upgrading the free trade agreement between the two countries that was signed almost eight years ago, but is warning against expecting a swift resolution. More >>
Key heads to China for FTA 'upgrade' negotions
Monday, 11 April 2016, 4:50 pm | BusinessDesk
Prime Minister John Key is to visit China this month to discuss upgrading the free trade agreement between the two countries that was signed almost eight years ago. More >>
Auckland Uni sells Tamaki campus to developer Tim Edney
Monday, 11 April 2016, 4:15 pm | BusinessDesk
April 11 (BusinessDesk) - The University of Auckland has taken a major step towards quitting its unsuccessful experiment to relocate much of its medical school and innovation activity to its Tamaki campus, selling the site to a company controlled by property ... More >>
NZ music industry sees first revenue growth in 15 years
Monday, 11 April 2016, 3:37 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand musicians made more money from streaming services than any other source in 2015, with total revenue growing for the first time in 15 years, according to Recorded Music New Zealand. More >>
Former PwC chair John Shewan to review foreign trust rules
Monday, 11 April 2016, 3:23 pm | BusinessDesk
April 11 (BusinessDesk) - Former PricewaterhouseCoopers chairman John Shewan has been drafted in by the government to run the rule over the country's foreign trust disclosure rules after tax-dodging practices unearthed in the so-called Panama Papers ... More >>
NZ Pharmaceuticals gets $49.6 mln cash injection
Monday, 11 April 2016, 2:42 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand Pharmaceuticals, which manufactures specialty chemicals, has got a $49.6 million injection from its new controlling shareholder, Australian private equity firm Archer Capital. More >>
Feltex appeal reprises 'squeeze the lemon' email
Monday, 11 April 2016, 2:41 pm | BusinessDesk
April 11 (BusinessDesk) - Lawyer Colin Carruthers opened for shareholders in the Feltex Carpets appeal by reminding the court that the Securities Act is a law to protect consumers and allow them to rely on a prospectus, whereas he said an email ... More >>
Van Heeren, Kidd dispute hits Appeal Court
Monday, 11 April 2016, 12:56 pm | BusinessDesk
April 11 (BusinessDesk) - The case between high-flying businessman Alex van Heeren and his former business partner Michael Kidd has reached a new round of appeals, with lawyers for van Heeren arguing over the nature of their relationship in the ... More >>
NZ manufacturers at most confident for five years
Monday, 11 April 2016, 12:25 pm | BusinessDesk
April 11 (BusinessDesk) - New Zealand manufacturers are the most confident they've been in more than five years, spurred on by a gain in exports, according to the latest survey. More >>
NZ spending on plastic cards edges up in March
Monday, 11 April 2016, 11:41 am | BusinessDesk
April 11 (BusinessDesk) - New Zealand retail spending on credit and debit cards rose in March, led by increased expenditure at bars and restaurants as they continue to enjoy the tourism boom. More >>
Kiwi may remain flat this week as it seeks new impetus
Monday, 11 April 2016, 11:18 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar is likely to stay relatively unchanged this week as traders mull the likelihood of lower interest rates which will still remain higher than other comparable countries. More >>
Wynyard CFO Murray Page exits; 1Q revenue meets budget
Monday, 11 April 2016, 11:16 am | BusinessDesk
April 11 (BusinessDesk) - Wynyard Group chief financial officer Murray Page will leave the intelligence analytics software developer at the end of next month amid an overhaul of its sales strategy after its recent $30 million capital-raising. More >>
Nuplex directors unanimously back $1.05 billion Allnex bid
Monday, 11 April 2016, 10:30 am | BusinessDesk
April 11 (BusinessDesk) - Nuplex Industries' independent directors are unanimously backing Allnex Belguim SA's $1.05 billion bid for the resins maker after the US-based firm completed its due diligence. More >>
Independent expert likely to probe NZ's foreign trust rules
Monday, 11 April 2016, 9:24 am | BusinessDesk
April 11 (BusinessDesk) - Prime Minister John Key is signalling a change of heart on the government's insistence last week that New Zealand's foreign trust rules are sound, telling RNZ's Morning Report programme the Cabinet will consider a proposal ... More >>
Angel investment hits record $61.2 mn in 2015
Monday, 11 April 2016, 9:15 am | BusinessDesk
April 8 (BusinessDesk) - Wellington company owner Simon Swallow says he doesn’t expect to get any money back from his angel investment, which is an odd comment from an investor. More >>
NZ dollar gains as commodity currencies lifted by oil prices
Monday, 11 April 2016, 8:28 am | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar advanced as commodity currencies were bolstered by an increase in oil prices and as the US dollar continued to weaken. More >>
World Week Ahead: IMF outlook, US reporting season in focus
Monday, 11 April 2016, 7:37 am | BusinessDesk
April 11 (BusinessDesk) - Investors this week are eyeing the start of the second-quarter US reporting season as well as an update from the International Monetary Fund about the global economic outlook. More >>
Kirkcaldie faces $1.3M bill for future lease of Petone site
Friday, 8 April 2016, 6:16 pm | BusinessDesk
Kirkcaldie faces $1.3M bill for future lease payment of Petone warehouse after deal falls over More >>
MARKET CLOSE: NZ shares fall from record, led by SkyCity
Friday, 8 April 2016, 5:43 pm | BusinessDesk
April 8 (BusinessDesk) - New Zealand shares dropped as some investors took advantage of the S&P/NZX 50 Index at a record high to sell stocks and lock in profits. SkyCity Entertainment Group extended its decline on its chief executive's resignation. ... More >>
NZ dollar heads for 1.6% weekly decline on Fed uncertainty
Friday, 8 April 2016, 5:38 pm | BusinessDesk
April 8 (BusinessDesk) - The New Zealand dollar is heading for a 1.6 percent weekly decline against the greenback amid uncertainty about when the Federal Reserve will resume hiking interest rates in the world's biggest economy. More >>
