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BusinessDesk - Latest News [Page 672]

Smiths City drops low margin business in restructure

Wednesday, 27 January 2016, 9:05 am | BusinessDesk

Jan. 26 (BusinessDesk) - Smiths City Group will compete more aggressively for market share after ditching low-margin business in an overhaul of its operations aimed at fattening returns. More >>

Fitch downgrades NZ economic forecast, lowers rating outlook

Wednesday, 27 January 2016, 8:37 am | BusinessDesk

Jan. 27 (BusinessDesk) - Fitch Ratings has reined in its expectation for New Zealand's economic growth this year and dropped its bias for a rating upgrade for the nation as soft dairy prices look set to weigh on business activity, making it more difficult ... More >>

NZ dollar rises as oil gains bolster commodity currencies

Wednesday, 27 January 2016, 8:20 am | BusinessDesk

Jan. 27 (BusinessDesk) - The New Zealand dollar rose along with other commodity-linked currencies as the price of oil rose on optimism production may be reduced. More >>

While you were sleeping: Hopes for oil deal

Wednesday, 27 January 2016, 7:38 am | BusinessDesk

Jan. 27 (BusinessDesk) - Better-than-expected earnings such as from 3M and Siemens as well as a rebound in oil prices helped bolster equities on both sides of the Atlantic. More >>

New science challenge to boost agriculture sustainably

Tuesday, 26 January 2016, 6:29 pm | BusinessDesk

Jan. 26 (BusinessDesk) - Science and Innovation Minister Steven Joyce has allocated just under $100 million to a new science challenge looking at how to boost agricultural production while improving land and water quality. More >>

MARKET CLOSE: NZ shares fall as investors wait for leads

Tuesday, 26 January 2016, 5:36 pm | BusinessDesk

Jan. 26 (BusinessDesk) - New Zealand shares followed Asian markets lower as the Australia Day holiday left the local bourse short of its traditional lead. Xero and Kathmandu Holdings declined, while Tower rose. More >>

Westland cuts dairy payout forecast

Tuesday, 26 January 2016, 5:14 pm | BusinessDesk

Jan. 26 (BusinessDesk) - Westland Milk Products, the dairy co-operative, has cut its payout predictions for its dairy farmers to $4.15 to $4.45 per kilogram of milk solids, down from $4.90 to $5.30/kgMS. More >>

NZ dollar follows oil prices, equity markets lower

Tuesday, 26 January 2016, 5:13 pm | BusinessDesk

Jan. 26 (BusinessDesk) - The New Zealand dollar followed oil prices and Asian stock markets lower as investors remained nervous about their exposure to risk-sensitive assets, in a market thinned out by an Australian holiday. More >>

Sealord profit sinks 62% in 2015

Tuesday, 26 January 2016, 3:22 pm | BusinessDesk

Jan. 26 (BusinessDesk) - Sealord's annual profit more than halved as sales slumped with low global prices weighing on New Zealand's second largest fishing company. More >>

SeaDragon directors sell shares after breaches

Tuesday, 26 January 2016, 2:02 pm | BusinessDesk

Jan. 26 (BusinessDesk) - SeaDragon director Stuart Macintosh and former chief executive Ross Keeley sold 7.8 million shares, or 0.2 percent of the company's stock, after they inadvertently breached the Takeovers Code when they acquired stock in last year's ... More >>

Greens push for Treasury unit to cost political promises

Tuesday, 26 January 2016, 1:40 pm | BusinessDesk

Jan. 26 (BusinessDesk) - The Green Party is pushing for the establishment of a new, independent unit within the Treasury that would cost political parties' new policies and improve the quality of public information ahead of elections. More >>

TPP: Canada in, NZ releases National Impact Analysis

Tuesday, 26 January 2016, 1:06 pm | BusinessDesk

Jan. 26 (BusinessDesk) - The New Zealand government has published a 277-page assessment of the Trans-Pacific Partnership trade and investment agreement, concluding it is in the national interest, protects Maori rights under the Treaty of Waitangi, and ... More >>

No buyers emerge for Wild Pair as receivers sell down stock

Tuesday, 26 January 2016, 12:00 pm | BusinessDesk

Jan. 26 (BusinessDesk) - Failed retailer Wild Pair didn't attract any buyers and its receivers have closed most of the chain's stores as they look to sell the women's apparel and footwear company's stock to repay its lender. More >>

BNZ lifts New Zealand 2016 growth forecast after robust data

Tuesday, 26 January 2016, 11:35 am | BusinessDesk

Jan. 26 (BusinessDesk) - Bank of New Zealand raised its estimate for New Zealand economic growth this year after robust services and manufacturing data. More >>

NZ govt 5-month deficit wider as tax-take misses forecast

Tuesday, 26 January 2016, 10:18 am | BusinessDesk

Jan. 26 (BusinessDesk) - The New Zealand government's operating deficit was wider than expected in the first five months of the financial year as the corporate and income tax takes were lower than forecast, in what Treasury officials said were largely ... More >>