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BusinessDesk - Latest News [Page 673]

NZ Dollar Outlook: Analysts split on outlook for kiwi

Monday, 25 January 2016, 2:09 pm | BusinessDesk

Jan. 25 (BusinessDesk) - Views are split on the direction of the New Zealand dollar heading in to the Reserve Bank's review of interest rates on Thursday amid global market uncertainty. More >>

Meatworkers lockout stoush with Talley's Affco back in court

Monday, 25 January 2016, 1:10 pm | BusinessDesk

Jan. 25 (BusinessDesk) - An Employment Court hearing has begun in Auckland over stalled negotiations between Talley’s-owned meat processor Affco and the Meat Workers Union on a return to work by 200 Wairoa freezing workers who have been out of work for ... More >>

Export log prices jump on low shipping rates, weak kiwi

Monday, 25 January 2016, 12:10 pm | BusinessDesk

Jan. 25 (BusinessDesk) - New Zealand export log prices jumped higher this month, as falling oil prices pushed down shipping rates while a decline in the kiwi dollar made the country's goods more attractive to overseas buyers. More >>

NZ dollar declines as traders eye looming RBNZ meeting

Monday, 25 January 2016, 8:41 am | BusinessDesk

Jan. 25 (BusinessDesk) - The New Zealand dollar fell, lagging behind other commodity currencies, as traders are wary the Reserve Bank may emphasise its willingness to ease monetary policy when it meets this week. More >>

World Week Ahead: Central banks take centre stage

Monday, 25 January 2016, 7:47 am | BusinessDesk

Jan. 25 (BusinessDesk) - After a volatile start to the year, investors will scrutinise a statement from US Federal Reserve policy makers at the end of their two-day meeting on Wednesday for signs of a slower path of interest rate increases this year. More >>

Saville's Utilico no longer Infratil substantial holder

Friday, 22 January 2016, 6:06 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Long-standing Infratil shareholder Utilico Investments has ended its 12-year run as a substantial shareholder in the infrastructure investor. More >>

MARKET CLOSE: NZ shares rise as Asia picks up alongside oil

Friday, 22 January 2016, 5:49 pm | BusinessDesk

MARKET CLOSE: NZ shares rise as Asia picks up alongside oil prices; Sky TV, Fisher & Paykel, Trade Me gain More >>

NZ dollar heads for 1% weekly gain as sentiment picks up

Friday, 22 January 2016, 5:42 pm | BusinessDesk

Jan. 22 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent gain against the greenback this week as commodity currencies came back into favour on the prospect of further stimulus in Europe and a rebound in oil prices. More >>

Air New Zealand suspends Vanuatu flights over runway safety

Friday, 22 January 2016, 5:35 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Air New Zealand is suspending services between Auckland and Vanuatu due to concerns about the deteriorating condition of the runway at Port Vila International Airport. More >>

Cheap oil may spur RBNZ to rethink flat OCR

Friday, 22 January 2016, 4:54 pm | BusinessDesk

Jan. 22 (BusinessDesk) - The global oil glut depressing consumer prices around the world may prompt the Reserve Bank to rethink its flat outlook for the official cash rate this year, but economists don't think it will signal its intentions at next ... More >>

Comvita's share price soars as more honey equals more money

Friday, 22 January 2016, 4:45 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Comvita, the manuka honey and health products maker, is riding the crest of a consumer push for health and wellness products with its share price having risen 124 percent in the past year. More >>

NZ wool prices rise; lamb wool returns to record levels

Friday, 22 January 2016, 4:25 pm | BusinessDesk

Jan. 22 (BusinessDesk) - New Zealand wool prices rose at auction yesterday, with lamb wool matching its all-time high, as a lower currency and diminishing supplies underpin demand. More >>

First NZ downgrades Summerset to 'neutral'

Friday, 22 January 2016, 3:49 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Summerset Group's Auckland-centred growth plan has seen the retirement village developer and operator's stock downgraded by First NZ Capital analysts, who say moderation in house price growth could limit the company's ability ... More >>

Auckland QE Square re-zone paves way for Precinct purchase

Friday, 22 January 2016, 3:05 pm | BusinessDesk

Jan. 22 (BusinessDesk) - Auckland Council has approved the rezoning of the city's Queen Elizabeth Square, pushing forward its sale to Precinct Property Group. More >>

NZ dollar rises as commodity currencies return to favour

Friday, 22 January 2016, 8:36 am | BusinessDesk

Jan. 22 (BusinessDesk) - The New Zealand dollar rose to a week high as commodity-linked currencies returned to favour after European Central Bank president Mario Draghi signalled a willingness to ease policy further to stimulate growth. More >>

While you were sleeping: ECB, China signal support

Friday, 22 January 2016, 7:34 am | BusinessDesk

Jan. 22 (BusinessDesk) - Equities on both sides of the Atlantic rebounded after European Central Bank president Mario Draghi as well as China’s Vice President Li Yuanchao flagged a readiness to support economic growth and financial markets. More >>

Wellington ratepayers to pay $8mln for Canberra flights

Thursday, 21 January 2016, 6:25 pm | BusinessDesk

Jan. 21 (BusinessDesk) - Wellington City Council is subsidising the new Singapore International Airlines direct service between Wellington and Canberra at close to $9 per passenger in a 10 year deal to secure the number three-ranked carrier's presence ... More >>