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BusinessDesk - Latest News [Page 671]

RBNZ's Wheeler opens door for more rate cuts

Thursday, 28 January 2016, 9:09 am | BusinessDesk

RBNZ's Wheeler opens door for more rate cuts with inflation set to rise more slowly; kiwi drops More >>

Fonterra cuts forecast payout to $4.15/kgMS

Thursday, 28 January 2016, 9:01 am | BusinessDesk

Jan. 28 (BusinessDesk) - Fonterra Cooperative Group cut its forecast milk payout for this season as global milk supplies continue to outweigh demand, pushing out the timeframe for prices to recover for New Zealand's largest export commodity. More >>

NZ dollar hovers around 65 US cents after Fed, awaiting RBNZ

Thursday, 28 January 2016, 8:35 am | BusinessDesk

Jan. 28 (BusinessDesk) - The New Zealand dollar hovered around 65 US cents after the Federal Reserve kept interest rates on hold as expected and as traders await the Reserve Bank interest rate decision this morning. More >>

While you were sleeping: Fed leaves rates steady

Thursday, 28 January 2016, 8:11 am | BusinessDesk

Jan. 28 (BusinessDesk) - Wall Street was mixed, as disappointing earnings from Boeing and Apple offset a rally in oil prices, while the US Federal Reserve policy makers said they expect to lift interest rates at a “gradual” pace. More >>

MARKET CLOSE: NZ shares flat, Air NZ falls

Wednesday, 27 January 2016, 6:07 pm | BusinessDesk

MARKET CLOSE: NZ shares flat as Chinese, Australian markets down; Vector, Warehouse rise while Air NZ falls More >>

Rubicon director Hugh Fletcher buys on share price slump

Wednesday, 27 January 2016, 5:54 pm | BusinessDesk

Jan. 27 (BusinessDesk) - Rubicon director Hugh Fletcher, who once headed up conglomerate Fletcher Challenge before it was broken up, has used the recent slump in the biotech firm's share price to buy stock on market. More >>

Why the rush on TPP? asks US critic

Wednesday, 27 January 2016, 5:20 pm | BusinessDesk

Jan. 27 (BusinessDesk) - An American campaigner against the Trans-Pacific Partnership trade and investment agreement is asking "why does New Zealand have its pants on fire" to pass legislation implementing the deal when there is no guarantee ... More >>

NZ dollar falls as Aussie inflation rises more than expected

Wednesday, 27 January 2016, 5:17 pm | BusinessDesk

Jan. 27 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after Australian inflation came in higher than expectations, eroding the chances of another rate cut in Australia. More >>

NZ falls in international corruption rankings

Wednesday, 27 January 2016, 5:05 pm | BusinessDesk

Jan. 27 (BusinessDesk) - New Zealand has fallen down the league table of the least corrupt nations, with access to official information and discussion about environmental policy both issues according to the chair of Transparency International New Zealand. More >>

PM says National will work with any party to pass RMA reform

Wednesday, 27 January 2016, 4:15 pm | BusinessDesk

PM says National will work with any party to pass RMA reform, including NZ First More >>

Congestion charges will need council justification: Key

Wednesday, 27 January 2016, 3:24 pm | BusinessDesk

Prime Minister John Key said Auckland Council would need to “justify” introducing congestion charges or motorway tolls to help fund the region’s transport infrastructure, including the $2.5 billion City Rail Link, which the government has helped bring ... More >>

New ANZ boss promotes two Kiwi execs in management reshuffle

Wednesday, 27 January 2016, 3:19 pm | BusinessDesk

Jan. 27 (BusinessDesk) - Australia & New Zealand Banking Group has had a senior management reshuffle, with new group chief executive Shayne Elliott promoting two New Zealand leaders to his executive committee. More >>

NZ Super Fund boss sees buying opportunities in volatility

Wednesday, 27 January 2016, 3:18 pm | BusinessDesk

Jan. 27 (BusinessDesk) - Recent sharp swings in equity markets around the globe offers buying opportunities, says chief executive of the New Zealand Superannuation Fund Adrian Orr. More >>

Prime Minister confirms big infrastructure spend on Auckland

Wednesday, 27 January 2016, 1:00 pm | BusinessDesk

Jan. 27 (BusinessDesk) - Prime Minister John Key has confirmed the government's plans to help bring forward spending on Auckland's transport infrastructure including the $2.5 billion city rail link and the $1 billion East/West Connections road project. More >>

UPDATE: Veritas shares slump after earnings downgrade

Wednesday, 27 January 2016, 11:31 am | BusinessDesk

Jan. 27 (BusinessDesk) - Veritas Investments shares slumped by almost a third after the food and beverage investor downgraded its outlook for earnings and nixed a first-half dividend. More >>

G3 maintains margins in 3/4 as volume lags expectations

Wednesday, 27 January 2016, 11:02 am | BusinessDesk

Jan. 27 (BusinessDesk) - G3 Group, the NXT-listed mail operations and document manager, held its margins above target in the third quarter of the financial year, while delays from a new bulk mail customer and a December lull left processing volumes below expectations. More >>