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BusinessDesk - Latest News [Page 67]
Jones defiant, apologetic over Provincial Growth Fund
Monday, 13 May 2019, 9:55 pm | BusinessDesk
May 13 (BusinessDesk) - Regional Economic Development Minister Shane Jones mixed defiance with apology for his handling of the Provincial Growth Fund during a briefing intended to demystify the process by which funds from the $3 billion fund are managed. More >>
Reserve Bank warns consultation on bank capital ending
Monday, 13 May 2019, 7:09 pm | BusinessDesk
May 13 (BusinessDesk) - The Reserve Bank says it has received 90 formal submissions on its proposal to near double the minimum amount of tier 1 capital banks have to hold and is warning that submissions close this Friday. More >>
UPDATE: Global ice cream company Froneri snaps up Tip Top
Monday, 13 May 2019, 5:50 pm | BusinessDesk
May 13 (BusinessDesk) - Global ice cream company Froneri has bought Fonterra Cooperative Group's Tip Top for $380 million, ending a six-month sale process. More >>
UPDATE: Trustpower well-positioned for volatile market
Monday, 13 May 2019, 3:59 pm | BusinessDesk
UPDATE: Trustpower well-positioned for volatile market, renewables development More >>
CBL's Harris and Hutchison withdraw objection to liquidation
Monday, 13 May 2019, 3:26 pm | BusinessDesk
May 13 (BusinessDesk) - CBL Corp directors Peter Harris and Alistair Hutchison say they didn’t oppose an action heard in the Auckland High Court today to liquidate the company. More >>
NZ food prices rise an annual 1%
Monday, 13 May 2019, 2:54 pm | BusinessDesk
May 13 (BusinessDesk) - New Zealand food prices rose an annual 1 percent in April as a lift in minimum wage kicked in while a new measure showed that rental price inflation was steady in April. More >>
Trustpower well-positioned in more volatile power market
Monday, 13 May 2019, 1:02 pm | BusinessDesk
May 13 (BusinessDesk) - Trustpower says a “material” volume of new generation will be required to meet demand during the next three years and wholesale prices are likely to be volatile as more intermittent wind is added to the mix. More >>
Australasian share markets insulated from US/China turmoil
Monday, 13 May 2019, 12:29 pm | BusinessDesk
May 13 (BusinessDesk) - Australasian share markets held up better than most last week as key major indices tumbled amid renewed anxiety about whether the United States and China can resolve their trade differences. More >>
Global ice cream company Froneri snaps up Tip Top
Monday, 13 May 2019, 12:09 pm | BusinessDesk
May 13 (BusinessDesk) - Global ice cream company Froneri has bought Fonterra Cooperative Group's Tip Top for $380 million, ending a six-month sale process. More >>
Synlait may have been too hasty on Pokeno plant
Monday, 13 May 2019, 11:27 am | BusinessDesk
May 13 (BusinessDesk) - Synlait Milk has landed itself in a right pickle after a Court of Appeal judgment that renders its new Pokeno factory in breach of covenants restricting use of that land to grazing, lifestyle farming and forestry. More >>
NZ dollar weaker as US threatens even more tariffs on China
Monday, 13 May 2019, 11:13 am | BusinessDesk
May 13 (BusinessDesk) - The New Zealand dollar was weaker early Monday after the US moved to impose additional tariffs on China and said there are more to come as last week's talks failed to reach a deal. More >>
MARKET CLOSE: NZ shares edge lower on US-China trade fears
Friday, 10 May 2019, 8:56 pm | BusinessDesk
May 10 (BusinessDesk) - New Zealand shares dipped from a record as the uncertain outcome of the US-China trade talks weighed on investor sentiment. More >>
NZ dollar little changed as market waits
Friday, 10 May 2019, 8:20 pm | BusinessDesk
May 10 (BusinessDesk) - The New Zealand dollar was little changed as the market awaits further news on the US-China trade negotiations. More >>
Regulators prod NZ insurers on 'dire' conduct report
Friday, 10 May 2019, 8:00 pm | BusinessDesk
May 10 (BusinessDesk) - New Zealand insurers have been steered to lessons from Australia's royal commission on banking when responding to the "dire" findings of a local conduct and culture investigation earlier this year. More >>
UPDATE: Synait shares dive
Friday, 10 May 2019, 7:20 pm | BusinessDesk
(Updates throughout to add further comments from Synlait and from the Court of Appeal judgment.) More >>
OceanaGold seeks mining permit for new Coromandel operation
Friday, 10 May 2019, 5:43 pm | BusinessDesk
May 10 (BusinessDesk) - OceanaGold has sought a mining permit over its Wharekirauponga discovery in the Coromandel Forest Park. More >>
Vital won't participate in Healthscope purchase
Friday, 10 May 2019, 3:49 pm | BusinessDesk
May 10 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it won’t proceed with the Healthscope purchase and the manger’s chief executive, David Carr, has resigned. More >>
Synait shares dive after unfavourable court decision on Poke
Friday, 10 May 2019, 3:40 pm | BusinessDesk
May 10 (BusinessDesk) - A Court of Appeal judgment has thrown into doubt the ownership of the land on which Synlait Milk has built its new Pokeno factory. More >>
Kiwis splash out on travel, food in April
Friday, 10 May 2019, 3:07 pm | BusinessDesk
May 10 (BusinessDesk) - Spending on credit and debit cards increased in April as people took advantage of the extended holiday period to travel and eat out more More >>
Ike shares climb 10% after signing up two large customers
Friday, 10 May 2019, 1:35 pm | BusinessDesk
May 10 (BusinessDesk) - IkeGPS shares climbed 10 percent after it said two major US telecommunications providers have signed up for the utilities measurement specialist's Ike Analyze service. More >>
