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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 642]
NZ Dollar Outlook: Kiwi may slide as RBNZ cut weighs
Monday, 14 March 2016, 12:16 pm | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar may decline this week after the Reserve Bank's interest rate cut last week and amid speculation the Federal Reserve could put rates up again. More >>
NZ services sector activity picks up in February
Monday, 14 March 2016, 11:05 am | BusinessDesk
NZ services sector activity picks up in February as jobs growth makes up for manufacturing More >>
NZ dollar gains as investors favour commodity currencies
Monday, 14 March 2016, 8:38 am | BusinessDesk
March 14 (BusinessDesk) - The New Zealand dollar advanced as currencies linked to commodities came back into favour. More >>
World Week Ahead: Fed meeting on tap
Monday, 14 March 2016, 8:00 am | BusinessDesk
March 14 (BusinessDesk) - Following hot on the heels of European Central Bank President Mario Draghi’s more-generous-than-expected additional stimulus measures, US Federal Reserve policy makers gather for their much-anticipated two-day meeting. More >>
Waitangi Tribunal urges Crown to protect small landowners
Friday, 11 March 2016, 6:03 pm | BusinessDesk
March 11 (BusinessDesk) - The Waitangi Tribunal wants the Crown to avoid alienating small groups of Māori land owners in law reform aimed at making it easier to use iwi land. More >>
MARKET CLOSE: NZ shares hit record high for 7th day
Friday, 11 March 2016, 5:56 pm | BusinessDesk
MARKET CLOSE: NZ shares hit record high for 7th day with Tower, Contact, Genesis gaining More >>
NZ dollar heads for 1.7% weekly decline
Friday, 11 March 2016, 5:15 pm | BusinessDesk
March 11 (BusinessDesk) - The New Zealand dollar is heading for a 1.7 percent drop against the greenback this week after Reserve Bank governor Graeme Wheeler surprised markets yesterday with an early interest rate cut and indicated more were to come. More >>
Synlait may need new investment for formula production
Friday, 11 March 2016, 4:48 pm | BusinessDesk
March 11 (BusinessDesk) - South Island dairy processor Synlait Milk will need to consider investing in expanding its blending/canning facility as early as next year given the rapid growth in A2 infant formula sales and the launch of the Munchkin ... More >>
Callaghan says Endace has clean slate on R&D grants
Friday, 11 March 2016, 3:07 pm | BusinessDesk
Callaghan says Endace has clean slate on R&D grants after repaying $1.9 mln More >>
NZ wool prices mixed at weekly auction
Friday, 11 March 2016, 2:43 pm | BusinessDesk
March 11 (BusinessDesk) - New Zealand wool prices were mixed at auction this week, ahead of the last double selling event for the season. More >>
Fonterra exec Maury Leyland resigns for personal reasons
Friday, 11 March 2016, 1:46 pm | BusinessDesk
March 11 (BusinessDesk) - Fonterra Cooperative Group's head of people, culture and safety Maury Leyland will leave the country's biggest milk processor at the end of the month, citing personal reasons. More >>
UPDATE:Warehouse first half profit rises 22%, above forecast
Friday, 11 March 2016, 1:30 pm | BusinessDesk
UPDATE:Warehouse first half profit rises 22%, above forecast (Adds share price, details on divisional earnings) More >>
NZ house sale price & turnover rise as Ak market cools:REINZ
Friday, 11 March 2016, 1:12 pm | BusinessDesk
March 11 (BusinessDesk) - New Zealand house sale prices and turnover rose in February from a year earlier as Auckland's cooling property market stoked interest across the rest of the country. More >>
NZ food prices fall in February
Friday, 11 March 2016, 11:25 am | BusinessDesk
March 11 (BusinessDesk) - New Zealand food prices fell for the sixth time in seven months, led by cheap summer fruit and vegetables. More >>
NZ manufacturing activity slows in Feb as employment drops
Friday, 11 March 2016, 11:06 am | BusinessDesk
March 11 (BusinessDesk) - New Zealand manufacturing activity slowed in February, with employment dropping to its lowest level in two-and-a-half years. More >>
Trustpower to proceed with demerger
Friday, 11 March 2016, 10:50 am | BusinessDesk
March 11 (BusinessDesk) - Trustpower is going ahead with plans to spin out its windfarms and renewable development pipeline into a separate business, and will put the demerger to a shareholder vote in July. More >>
GeoOp narrows 1H loss, buys InterfaceIT for $9M
Friday, 11 March 2016, 10:39 am | BusinessDesk
March 11 (BusinessDesk) - GeoOp, the workforce management app developer, narrowed its first-half loss as revenue nearly doubled, and said it's bought Australian mobile sales application developer InterfaceIT. More >>
Air New Zealand to revenue share with United in NZ-US routes
Friday, 11 March 2016, 9:47 am | BusinessDesk
March 11 (BusinessDesk) - Air New Zealand will deepen its tie-up with United Airlines with a revenue-sharing arrangement on New Zealand-US routes. More >>
Warehouse first-half profit rises 22%, beating forecast
Friday, 11 March 2016, 9:32 am | BusinessDesk
March 11 (BusinessDesk) - Warehouse Group, the country's largest listed retailer, beat its first-half profit forecast as investments over the past few years started to bear fruit. More >>
RBNZ to keep and upgrade NZClear, turns down NZX bid
Friday, 11 March 2016, 9:13 am | BusinessDesk
March 11 (BusinessDesk) - The Reserve Bank of New Zealand will keep and upgrade its NZClear security settlement and depository business after a tender didn't attract "suitable bids", including an offer from stock market operator NZX. More >>
