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BusinessDesk - Latest News [Page 647]

While you were sleeping: Stocks slip before US payrolls

Friday, 4 March 2016, 7:54 am | BusinessDesk

March 4 (BusinessDesk) - Wall Street fell as investors eyed the US government’s nonfarm payrolls report on Friday to help adjust their expectations for the path of Federal Reserve interest rate increases this year. More >>

Tower estimates its Fiji cyclone losses at $4mn to $7mn

Thursday, 3 March 2016, 5:11 pm | BusinessDesk

March 3 (BusinessDesk) - Tower, the New Zealand general insurer, has updated its estimated potential net loss in Fiji from damage caused by Cyclone Winston. More >>

NZ dollar follows Aussie higher on upbeat Australian data

Thursday, 3 March 2016, 5:04 pm | BusinessDesk

March 3 (BusinessDesk) - The New Zealand dollar followed its trans-Tasman counterpart higher as better than expected Australian trade figures followed on yesterday's upbeat data, and fuelled demand for the two currencies. More >>

Health Minister Coleman says melanoma funding 'not far away'

Thursday, 3 March 2016, 4:56 pm | BusinessDesk

March 3 (BusinessDesk) - Health Minister Jonathan Coleman has told a conference of GPs, pharmacy professionals and consumers that funding for melanoma treatment is "not too far away". More >>

NZ commodity prices gain 0.4% in February as meat gains

Thursday, 3 March 2016, 1:32 pm | BusinessDesk

March 3 (BusinessDesk) - New Zealand commodity prices rose 0.4 percent last month as gains in the price of beef and aluminium products made up for ongoing declines in dairy prices. More >>

Only Air NZ, Air India face multi-billion dollar US law suit

Thursday, 3 March 2016, 12:09 pm | BusinessDesk

March 3 (BusinessDesk) - Air New Zealand and Air India are the only carriers left defending a multi-billion dollar civil law suit in New York, where 26 airlines have cut settlement deals totalling US$1.19 billion. More >>

NZ value of building work put in place rises 2.8% in 4Q

Thursday, 3 March 2016, 11:44 am | BusinessDesk

March 3 (BusinessDesk) - The value of residential building work put in place rose in the fourth quarter of 2015, led by Auckland, while total building activity increased to its highest level since records began 26 years ago. More >>

Auckland house prices fell in Feb, Barfoot says

Thursday, 3 March 2016, 10:43 am | BusinessDesk

March 3 (BusinessDesk) - Auckland house prices fell from a peak in February but were still higher than a year ago, and prices are likely to start rising again, according to the city's largest realtor. More >>

Energy Minister Bridges develops new national energy targets

Thursday, 3 March 2016, 9:47 am | BusinessDesk

March 3 (BusinessDesk) - Energy and Resources Minister Simon Bridges said he’s keen to develop new national targets to improve the country’s progress on energy efficiency. More >>

Wynyard signs $3.3M contract

Thursday, 3 March 2016, 9:45 am | BusinessDesk

March 3 (BusinessDesk) - Wynyard Group has signed a $3.3 million contract with a consulting and risk management firm it didn't identify for its advanced cyber threat analytics software (ACTA), its third multi-million dollar deal inked so far this ... More >>

NZ new vehicle sales hit record in February

Thursday, 3 March 2016, 9:30 am | BusinessDesk

March 3 (BusinessDesk) - New Zealand new vehicle sales rose to a record for a second consecutive month in February, driven by demand for commercial models. More >>

NZX cash market trades climb 44% in February

Thursday, 3 March 2016, 9:09 am | BusinessDesk

March 3 (BusinessDesk) - Cash market trades on the NZX jumped 44 percent in February from a year earlier, and while still dominated by equities, the debt market shows signs of reviving after a moribund few years. More >>

NZ dollar slides vs. Aussie after upbeat Australian GDP

Thursday, 3 March 2016, 8:49 am | BusinessDesk

March 3 (BusinessDesk) - The New Zealand dollar touched a three-month low against its trans-Tasman counterpart after better-than-expected Australian growth data prompted traders to push out expectations for further interest rate cuts in Australia. More >>

While you were sleeping: Brightening US jobs market

Thursday, 3 March 2016, 7:34 am | BusinessDesk

March 3 (BusinessDesk) - US Treasuries and Wall Street fell after a report showed American employers added more jobs than expected last month, fuelling a rethink of expectations for Federal Reserve interest rate increases this year. More >>

MARKET CLOSE: NZ shares rise, ANZ, Westpac gain

Wednesday, 2 March 2016, 6:01 pm | BusinessDesk

March 2 (BusinessDesk) - New Zealand shares rose as banking stocks gained on both sides of the Tasman. Australia & New Zealand Banking Group and Westpac Banking Corp gained while Spark New Zealand dropped. More >>

Power companies 'furiously agree' new ways to charge needed

Wednesday, 2 March 2016, 5:52 pm | BusinessDesk

March 2 (BusinessDesk) - The electricity sector is in “furious agreement” that new, consumer-friendly ways to charge for power are necessary and possible, thanks to new technology, but the different parts of the industry can't agree on how, why ... More >>

NZ dollar falls vs. Aussie on stronger GDP growth

Wednesday, 2 March 2016, 5:20 pm | BusinessDesk

March 2 (BusinessDesk) - The New Zealand dollar fell to a month-low against its trans-Tasman counterpart after Australia's economy grew more than expected in the final three months of the year, prompting some investors to rethink their bets on a rate cut. More >>