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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 666]
Hallenstein 1H profit falls 20% on competition, weak kiwi
Friday, 5 February 2016, 9:29 am | BusinessDesk
Feb. 5 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, said profit declined about 20 percent in the first-half as a weaker New Zealand dollar and competition crimped margins. More >>
NZ dollar hits fresh monthly high on fed hike doubts
Friday, 5 February 2016, 8:46 am | BusinessDesk
Feb. 5 (BusinessDesk) - The New Zealand dollar hit a new month-high as doubts grow as to whether the Federal Reserve will continue hiking interest rates this year, damping demand for the greenback. More >>
While you were sleeping: US dollar loses lustre
Friday, 5 February 2016, 7:36 am | BusinessDesk
Feb. 5 (BusinessDesk) - Wall Street was mixed, as oil prices fluctuated, and the US dollar weakened as investors increasingly bet the Federal Reserve may hold off on raising interest rates. More >>
MARKET CLOSE: NZ shares rise ahead of earnings season
Thursday, 4 February 2016, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ shares rise ahead of earnings season; Steel & Tube, Westpac gain, Z, Skellerup fall More >>
NZ dollar holds high on jobs stats, Wheeler guidance
Thursday, 4 February 2016, 5:42 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The New Zealand dollar traded near a month-high as stronger headline labour market data and signals from Reserve Bank governor Graeme Wheeler that he won't rush to cut interest rates trumped weaker prices at this week's dairy ... More >>
Gvt plan for Northland targets transport, web, Maori assets
Thursday, 4 February 2016, 5:00 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, ... More >>
NZ Honey's fight with MPI reaches Court of Appeal
Thursday, 4 February 2016, 4:57 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The stoush between New Zealand Honey International and the Ministry for Primary Industries over labelling has reached the Court of Appeal. More >>
NZ Honey's fight with MPI reaches Court of Appeal
Thursday, 4 February 2016, 4:57 pm | BusinessDesk
Feb. 4 (BusinessDesk) - The stoush between New Zealand Honey International and the Ministry for Primary Industries over labelling has reached the Court of Appeal. More >>
Dick Smith employees in Australia underpaid by A$2 mln
Thursday, 4 February 2016, 4:26 pm | BusinessDesk
Feb. 4 (BusinessDesk) - Current and former New Zealand employees of Dick Smith are not part of the underpayment of staff annual leave, affecting entitlements worth A$2 million uncovered by the retail chain’s receiver, Ferrier Hodgson. More >>
Celebrity, 'your own crowd' crucial to crowdfunding success
Thursday, 4 February 2016, 3:30 pm | BusinessDesk
Feb. 4 (BusinessDesk) - Kiwi startup D’Arcy Polychrome is commercialising a unique technology, drikolor, that could disrupt the global decorative paint market. Yet the firm raised only half of its minimum target in a recent equity crowdfunding offer. More >>
Twelve nations formally sign TPPAin Auckland
Thursday, 4 February 2016, 1:57 pm | BusinessDesk
Feb. 4 (BusinessDesk) - “TPP is a big deal, literally,” said Prime Minister John Key at the formal signing ceremony in Auckland today involving the 12 Pacific Rim nations party to the controversial Trans Pacific Partnership Agreement which has ... More >>
RBNZ's McDermott stresses forecasts are 'conditional'
Thursday, 4 February 2016, 1:19 pm | BusinessDesk
Feb. 4 (BusinessDesk) - New Zealand's central bank stressed that its forecasts are conditional, and open to change as new information arises. More >>
Auckland house sales volumes jump to 8-year high in January
Thursday, 4 February 2016, 11:05 am | BusinessDesk
Feb. 4 (BusinessDesk) - Auckland residential property sales volumes jumped to an eight-year high for the month of January, according to the city's largest realtor. More >>
NZX cash market trades rise 45% in January
Thursday, 4 February 2016, 9:53 am | BusinessDesk
Feb. 4 (BusinessDesk) - Cash market trades on the NZX jumped 45 percent in January from a year earlier, dominated by equity transactions, while the value of stock trading fell 1.1 percent, the stock exchange operator's monthly metrics show. More >>
Fonterra Darnum JV to ship first product to China in 2H
Thursday, 4 February 2016, 9:34 am | BusinessDesk
Fonterra's Darnum JV with Beingmate to ship Chinese product in second half of 2016 More >>
NZ dollar rises to month high after Wheeler speech
Thursday, 4 February 2016, 8:49 am | BusinessDesk
Feb. 4 (BusinessDesk) - The New Zealand dollar touched a month-high after Reserve Bank governor Graeme Wheeler talked down the chances of another rate cut, while the greenback slipped on growing speculation the Federal Reserve won't hike rates anytime ... More >>
While you were sleeping: US economic red flags
Thursday, 4 February 2016, 7:28 am | BusinessDesk
Feb. 4 (BusinessDesk) - Equities on both sides of the Atlantic moved lower, even as Wall Street pared some its earlier losses as the price of oil bounced, amid persistent concern about the outlook for global economic growth and corporate profits. More >>
MARKET CLOSE: NZ shares fall with commodities; A2 drops
Wednesday, 3 February 2016, 5:52 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand shares fell as weaker commodity prices weighed on equities in countries dependent on exports of raw materials. Synlait Milk, A2 Milk, Kathmandu Holdings and Air New Zealand declined, while Precinct Properties ... More >>
NZ dollar gains vs. Australian dollar after strong jobs data
Wednesday, 3 February 2016, 5:16 pm | BusinessDesk
Feb. 3 (BusinessDesk) - The New Zealand dollar gained against its Australian counterpart as data indicated a stronger labour market and after Reserve Bank governor Graeme Wheeler talked down the chances of another interest rate cut. More >>
Economists question sharp drop in NZ unemployment rate
Wednesday, 3 February 2016, 5:10 pm | BusinessDesk
Feb. 3 (BusinessDesk) - Economists are taking the sharp drop in New Zealand's unemployment rate with a grain of salt, even while saying employment data overall highlights a robust labour market where record inbound migration is helping curb wage inflation. More >>
