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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 643]
NZ dollar drops vs. euro as Draghi signals end to rate cuts
Friday, 11 March 2016, 8:42 am | BusinessDesk
NZ dollar hits 3-week low vs. euro as ECB's Draghi signals end to rate cuts More >>
Endace back in Kiwi hands, repays $1.9 mln govt funding
Friday, 11 March 2016, 8:12 am | BusinessDesk
March 11 (BusinessDesk) - Endace, which develops technology that measures, monitors and protects high-speed networks, is back in New Zealand hands after a management-led buyout from its American parent Emulex. More >>
While you were sleeping: Draghi delivers, stocks drop
Friday, 11 March 2016, 7:35 am | BusinessDesk
Punished by sliding equity markets after Draghi was seen to have under-delivered on fresh stimulus measures in December, stocks fell again after the ECB announced a larger-than-expected package of measures including cutting its main lending rates ... More >>
MARKET CLOSE: NZ Shares rise on Reserve Bank cut
Thursday, 10 March 2016, 5:48 pm | BusinessDesk
March 10 (BusinessDesk) - New Zealand shares rose, driving the NZX 50 Index to a fresh record, after the central bank unexpectedly cut interest rates to underpin an economy with little inflation. Tower, SkyCity Entertainment Group, Westpac Banking ... More >>
Trilogy lifts guidance for full-year sales, earnings
Thursday, 10 March 2016, 5:37 pm | BusinessDesk
March 10 (BusinessDesk) - Trilogy International, the skincare and home fragrance company, raised its guidance for full-year sales and earnings, partly on the contribution from New Zealand cosmetics and fragrance distribution business, CS Company, acquired ... More >>
NZ dollar sinks after RBNZ's Wheeler cuts OCR
Thursday, 10 March 2016, 5:16 pm | BusinessDesk
March 10 (BusinessDesk) - The New Zealand dollar dropped to a week-low against the greenback and a five-and-a-half month low against the Aussie after Reserve Bank governor Graeme Wheeler surprised investors with an early interest rate cut in an effort to ... More >>
Coleman signs $300M contract with Cimic for Chch hospital
Thursday, 10 March 2016, 4:04 pm | BusinessDesk
March 10 (BusinessDesk) - Health Minister Jonathan Coleman has signed a $300 million contract for Christchurch Hospital's new acute services building with Cimic Group's CPB Contractors unit, a project the Auditor-General says was bogged down by a strained ... More >>
RBNZ's Wheeler hints more than one rate cut ahead
Thursday, 10 March 2016, 2:20 pm | BusinessDesk
March 10 (BusinessDesk) - More than one more interest rate cut may be justified in the months ahead, although further cuts to the record-low 2.25 percent official cash rate will depend on how the economic data shapes up, Reserve Bank governor Graeme ... More >>
RBNZ's Wheeler hints more than one rate cut ahead
Thursday, 10 March 2016, 2:20 pm | BusinessDesk
March 10 (BusinessDesk) - More than one more interest rate cut may be justified in the months ahead, although further cuts to the record-low 2.25 percent official cash rate will depend on how the economic data shapes up, Reserve Bank governor Graeme ... More >>
Govt invests $14.7M in 'precision-driven' health research
Thursday, 10 March 2016, 1:33 pm | BusinessDesk
March 10 (BusinessDesk) - The government is investing $14 million over seven years into a $37.8 million public-provider research partnership to promote the new area of "precision-driven" healthcare, building on New Zealand’s expertise ... More >>
NZ banks under pressure from low milk prices: Moody's
Thursday, 10 March 2016, 12:57 pm | BusinessDesk
NZ banks to come under pressure from second season of low dairy prices, Moody's says More >>
Guest nights reach 20-year high in January
Thursday, 10 March 2016, 11:24 am | BusinessDesk
March 10 (BusinessDesk) - New Zealand guest nights rose in January for the 22nd month in a row, reaching the highest level in the 20-year history of the survey as international tourists increased and visitors spent more nights in the South Island. More >>
Restaurant Brands annual sales rise 8%
Thursday, 10 March 2016, 10:33 am | BusinessDesk
Restaurant Brands annual sales rise 8% on KFC, Carl's Jr., Starbucks; Pizza Hut falls More >>
Kiwi dollar, swap rates tumble as Wheeler cuts OCR
Thursday, 10 March 2016, 10:06 am | BusinessDesk
March 10 (BusinessDesk) - The New Zealand dollar fell almost 1 1/2 US cents and swap rates tumbled after Reserve Bank governor Graeme Wheeler surprised financial markets with a cut to the official cash rate and signalled more to come. More >>
Briscoe beats FY profit forecast, is 'cautiously optimistic'
Thursday, 10 March 2016, 10:05 am | BusinessDesk
March 10 (BusinessDesk) - Briscoe Group, which operates stores selling household items and sports goods, beat its full-year profit forecast, and said it was "cautiously optimistic" about the year ahead in a "challenging" retail environment. More >>
RBNZ retains view of robust economy in face of rate cuts
Thursday, 10 March 2016, 9:28 am | BusinessDesk
March 10 (BusinessDesk) - The Reserve Bank kept its forecast for robust economic activity in New Zealand, even as dwindling expectations on inflation forced an interest rate cut. More >>
RBNZ cuts OCR to 2.25%, kiwi tumbles
Thursday, 10 March 2016, 9:25 am | BusinessDesk
March 10 (BusinessDesk) - Reserve Bank governor Graeme Wheeler cut the official cash rate a quarter point and hinted the rate could go lower, in a bid to prevent cheap global oil prices imbedding itself into the way local firms set wages and prices. ... More >>
NZ dollar gains before RBNZ review as commodity prices rise
Thursday, 10 March 2016, 8:09 am | BusinessDesk
March 10 (BusinessDesk) - The New Zealand dollar advanced ahead of the Reserve Bank's decision on interest rates today, buoyed by a gain in commodity prices. More >>
While you were sleeping: Stocks rise ahead of ECB
Thursday, 10 March 2016, 7:55 am | BusinessDesk
March 10 (BusinessDesk) - Wall Street gained, along with the price of oil, as investors anticipated a promise by European Central Bank President Mario Draghi to bolster monetary stimulus at Thursday’s meeting. More >>
MARKET CLOSE: NZ shares extend gains to new record
Wednesday, 9 March 2016, 6:09 pm | BusinessDesk
March 9 (BusinessDesk) - New Zealand shares hit a record for the fifth consecutive trading session as the weak kiwi dollar lifted sentiment for companies making sales offshore. Kathmandu Holdings and Fisher & Paykel Healthcare rose. More >>
