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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 638]
While you were sleeping: Fed hike in April?
Tuesday, 22 March 2016, 6:46 am | BusinessDesk
March 22 (BusinessDesk) - Wall Street was mixed, while US Treasuries fell, as Federal Reserve Bank of Atlanta President Dennis Lockhart said the US economy might warrant an interest rate hike as early as April. More >>
MARKET CLOSE: NZ shares continue record ascent
Monday, 21 March 2016, 5:50 pm | BusinessDesk
March 21 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a record and leaving the market looking expensive relative to its earnings outlook. Fisher & Paykel Healthcare and Goodman Property Trust led the rally. Vista Group ... More >>
Website woes added to Pumpkin Patch's first half problems
Monday, 21 March 2016, 5:26 pm | BusinessDesk
March 21 (BusinessDesk) - Problems with Pumpkin Patch's website have added to the company's list of woes as new management tries to turn the baby and childrenswear retailer around. More >>
NZ Dollar falls as investors take stock
Monday, 21 March 2016, 5:20 pm | BusinessDesk
March 21 (BusinessDesk) - The New Zealand dollar fell as investors revisited their pessimism about the greenback after the Federal Reserve scaled back its projected rate hikes for this year in an abbreviated trading week. More >>
Snakk Media hit by $215,000 online scam
Monday, 21 March 2016, 4:22 pm | BusinessDesk
March 21 (BusinessDesk) - Snakk Media, the NXT-listed mobile advertising company, says it has become the victim of an online scam that could cost as much as $215,000. More >>
Australian regulator in cargo cartel win over Air NZ
Monday, 21 March 2016, 4:21 pm | BusinessDesk
March 21 (BusinessDesk) - The Australian Competition and Consumer Commission has won an air cargo cartel appeal against PT Garuda Indonesia and Air New Zealand that agreed surcharges on cargo breached that nation's price fixing laws. More >>
Graeme Hart's UCI gets reprieve from bondholders
Monday, 21 March 2016, 3:40 pm | BusinessDesk
March 21 (BusinessDesk) - New Zealand billionaire Graeme Hart's UCI Holdings auto parts business has been given some breathing space by most of its bondholders after missing a US$17.3 million interest payment last week. More >>
CORRECT: Air NZ among Virgin shareholders providing loan
Monday, 21 March 2016, 2:30 pm | BusinessDesk
March 21 (BusinessDesk) - Air New Zealand and its fellow airline shareholders in Virgin Australia will provide one-year funding of A$425 million, giving the Australian airline room to review its capital structure. More >>
NZ Dollar Outlook: Kiwi may range in short Easter week
Monday, 21 March 2016, 12:40 pm | BusinessDesk
March 21 (BusinessDesk) - The New Zealand dollar is unlikely to reach new highs or lows this week as it finds investor support at the top and bottom of its recent ranges. More >>
Government's block offer likely to be overshadowed
Monday, 21 March 2016, 12:02 pm | BusinessDesk
Government's block offer likely to be overshadowed by those in other countries, analyst says More >>
Air NZ among Virgin shareholders providing A$425 mln loan
Monday, 21 March 2016, 11:34 am | BusinessDesk
March 21 (BusinessDesk) - Air New Zealand and its fellow airline shareholders in Virgin Australia will provide one-year funding of A$425 million, giving the Australian airline room to review its capital structure. More >>
NZ continues to post record net migration
Monday, 21 March 2016, 11:32 am | BusinessDesk
March 21 (BusinessDesk) - New Zealand has continued to post record net migration, with a 67,400 gain in the 12 months ended Feb. 29, led by arrivals from Australia, China and the Philippines. More >>
NZ forest harvest falls in 2015 for first time in 7 years
Monday, 21 March 2016, 11:05 am | BusinessDesk
March 21 (BusinessDesk) - New Zealand forest harvest volumes declined in 2015 for the first time in seven years as uncertainty about future prices prompted plantation owners to hold back from felling their trees. More >>
NZ consumer optimism slips on gloomier view of economy
Monday, 21 March 2016, 10:49 am | BusinessDesk
March 21 (BusinessDesk) - New Zealand consumer confidence dipped in the first three months of the year as Kiwis became gloomier about the economic outlook, even as they remained reasonably happy about the state of their own finances. More >>
Reinga-Northland, Pegasus put in 'block offer' again
Monday, 21 March 2016, 10:11 am | BusinessDesk
March 21 (BusinessDesk) - The government has again included the Reinga-Northland and Pegasus basins in its annual 'block offer' of oil and gas exploration permits, having failed to attract interest in 2015. More >>
Vista Group shares sold at $5.30 apiece
Monday, 21 March 2016, 9:57 am | BusinessDesk
March 21 (BusinessDesk) - Vista Group International will resume trading today after a quarter of the company was sold to institutional investors and retail brokerages at $5.30 a share. More >>
NZ export log prices slip on higher shipping rates
Monday, 21 March 2016, 9:14 am | BusinessDesk
March 21 (BusinessDesk) - New Zealand export log prices slid this month as shipping rates edged up on higher oil prices and amid weak demand in overseas markets. More >>
Movac fund gets $20 million from NZVIF
Monday, 21 March 2016, 8:39 am | BusinessDesk
March 21 (BusinessDesk) - Wellington fund manager Movac has secured a cornerstone commitment of up to $20 million from the government-backed New Zealand Venture Investment Fund for its new capital growth fund, which aims to raise between $80 to $100 million ... More >>
NZ dollar weakens as traders deem US dollar decline overdone
Monday, 21 March 2016, 8:20 am | BusinessDesk
March 21 (BusinessDesk) - The New Zealand dollar weakened as traders deemed the US dollar had been oversold following the Federal Reserve's decision last week to pull back its plans to hike interest rates. More >>
World Week Ahead: Reading the Fed’s tea leaves
Monday, 21 March 2016, 8:16 am | BusinessDesk
March 21 (BusinessDesk) - Several Federal Reserve officials will add context in the days ahead, and perhaps greater clarity for investors, on the central bank’s revised path to higher US interest rates. More >>
