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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 631]
Auckland median house sale price rises 12% in March
Tuesday, 5 April 2016, 10:58 am | BusinessDesk
April 5 (BusinessDesk) - The median sale price for a house in Auckland rose 12 percent last month from a year earlier, edging back toward its December record while both sales volumes and new listings fell, says Barfoot & Thompson, the city's largest ... More >>
Regulator takes issue with penalty charge for solar power
Tuesday, 5 April 2016, 10:31 am | BusinessDesk
April 5 (BusinessDesk) - The Electricity Authority says plans by the Hawke's Bay electricity lines operator, Unison Networks, to charge a special tariff effectively penalising households that install solar power units on their rooves are out of step ... More >>
NZ businesses turn pessimistic in March quarter
Tuesday, 5 April 2016, 10:29 am | BusinessDesk
April 5 (BusinessDesk) - New Zealand businesses turned pessimistic about the state of the economy in the first three months of the year, as their inability to pass on rising costs squeezed margins. More >>
NZ new vehicle sales rise to highest level in 32 years
Tuesday, 5 April 2016, 9:59 am | BusinessDesk
April 5 (BusinessDesk) - New Zealand new vehicle sales in March rose to the highest level for the month in 32 years, led by record demand for commercial models. More >>
NZX cash market activity rises in March
Tuesday, 5 April 2016, 9:17 am | BusinessDesk
April 5 (BusinessDesk) - Cash market trades on the NZX climbed by almost a third in March from a year earlier as share trading remained robust on investor demand for yield while turnover in the bond market more than doubled. More >>
Summerset first-quarter sales fall
Tuesday, 5 April 2016, 9:16 am | BusinessDesk
Summerset first-quarter sales fall; company says it's on track to build 400 units this year More >>
NZX cash market activity rises in March; debt trading jumps
Tuesday, 5 April 2016, 9:12 am | BusinessDesk
April 5 (BusinessDesk) - Cash market trades on the NZX climbed by almost a third in March from a year earlier as share trading remained robust on investor demand for yield while turnover in the bond market more than doubled. More >>
NZ dollar declines as commodities fall
Tuesday, 5 April 2016, 8:45 am | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar declined as currencies linked to commodity exports fell out of favour as hopes faded that the oversupply of oil will be reduced any time soon. More >>
While you were sleeping: Futures too pessimistic?
Tuesday, 5 April 2016, 6:29 am | BusinessDesk
April 5 (BusinessDesk) - Wall Street moved lower, after six straight weekly gains, as investors awaited the next catalyst. More >>
TPP ratification in US heading for 'lame duck' session: Key
Monday, 4 April 2016, 6:18 pm | BusinessDesk
April 4 (BusinessDesk) - US lawmakers and senior officials are leaning towards the likelihood of the Trans-Pacific Partnership achieving ratification in Washington DC during the so-called "lame-duck" session of Congress expected later ... More >>
Key faces sustained questioning on 'Panama Papers'
Monday, 4 April 2016, 5:55 pm | BusinessDesk
April 4 (BusinessDesk) - Prime Minister John Key faced sustained media questioning on the use of New Zealand-registered foreign-controlled trusts in international tax avoidance uncovered by a massive leak of documents that are being called 'the Panama ... More >>
NZ dollar slips as Australian retail sales miss expectations
Monday, 4 April 2016, 5:19 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar fell in tandem with its trans-Tasman counterpart after flat Australian retail sales fell short of expectations and eroded demand for both currencies. More >>
MWU says Affco complaint relates to statements from IUF
Monday, 4 April 2016, 4:50 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand Meat Workers Union says a complaint to the Employment Relations Authority from Affco New Zealand, the Talleys Group-controlled meat processor, is based on statements from an international union body over which ... More >>
No class exemption for international custodians, OIO says
Monday, 4 April 2016, 4:41 pm | BusinessDesk
April 4 (BusinessDesk) - The Overseas Investment Office can't issue a class exemption for foreign-owned custodian firms, even if they hold shares for a majority of locals. More >>
PharmaZen annual profit jumps on lower dollar
Monday, 4 April 2016, 4:31 pm | BusinessDesk
April 4 (BusinessDesk) - PharmaZen, the Christchurch-based animal and human nutrition manufacturer, saw profits jump in 2015 off the back of a lower New Zealand dollar as it ramped up spending on research and development. More >>
Conditions now right for recovery in global dairy prices
Monday, 4 April 2016, 4:26 pm | BusinessDesk
April 4 (BusinessDesk) - Global dairy prices will recover this year as growth in European production has now slowed, says ASB rural economist Nathan Penny. More >>
Rakon's investment to be earnings positive by 2018
Monday, 4 April 2016, 3:34 pm | BusinessDesk
April 4 (BusinessDesk) - Rakon’s cornerstone investment in an Australian start-up rolling out a new “internet of things” network in Australia and New Zealand in partnership with French company Sigfox is expected to start having a positive impact ... More >>
NZ Dollar Outlook
Monday, 4 April 2016, 1:36 pm | BusinessDesk
April 4 (BusinessDesk) - Sentiment about US interest rates will probably drive the kiwi this week, with analysts split on the currency's direction. More >>
Rakon takes cornerstone stake in start-up
Monday, 4 April 2016, 11:53 am | BusinessDesk
April 4 (BusinessDesk) - French company Sigfox will roll out its low powered wide area network technology in New Zealand and Australia through Australian start-up Thinxtra, in which listed Kiwi high tech component manufacturer Rakon has become ... More >>
Vista buys 50% stake in UK film marketing firm Powster
Monday, 4 April 2016, 11:21 am | BusinessDesk
April 4 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, has bought a 50 percent stake in UK-based movie marketing company Powster for an undisclosed sum. More >>
