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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 674]
NZ consumer confidence rises in January
Thursday, 21 January 2016, 1:38 pm | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand consumer confidence gained in January, with its stability notable considering the turbulent state of the global economy, according to the latest ANZ-Roy Morgan Consumer Confidence Index. More >>
NZ stocks fall along with global markets as oil slumps
Thursday, 21 January 2016, 11:11 am | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand shares fell 1 percent at the open today, following Wall Street lower as global markets remain nervous after volatile trading in the US. More >>
NZ manufacturing activity jumps to 14-month high in December
Thursday, 21 January 2016, 11:08 am | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand manufacturing activity rose to a 14-month high in December, with an uptick in new orders pointing to further improvements ahead. More >>
NZ dollar hits 3-month low, rebounds amid global weakness
Thursday, 21 January 2016, 8:50 am | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar fell to its lowest in more than three months overnight, then rebounded as investors deemed the country's growth outlook isn't as bad as its peers. More >>
While you were sleeping: Oil spurs global stock rout
Thursday, 21 January 2016, 7:29 am | BusinessDesk
Jan. 21 (BusinessDesk) - Wall Street and stocks elsewhere plunged with oil prices, spurring investors to seek the perceived safety of US Treasuries, amid concern about the global crude glut and the worldwide economy. More >>
UPDATE: All Blacks end 21-year sponsorship with Coca-Cola
Wednesday, 20 January 2016, 6:13 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand Rugby Union has ended a two-decade long commercial relationship with Coca-Cola by signing a deal with Pepsi. More >>
MARKET CLOSE: NZ shares fall with Asia
Wednesday, 20 January 2016, 6:05 pm | BusinessDesk
Jan. 20 (BusinessDesk) - New Zealand shares fell, joining a regionwide sell-off as international sentiment continues to drive the local market. Mighty River Power, Spark New Zealand and Steel & Tube Holdings all dropped. More >>
NZ dollar falls as weak inflation fuels rate cut expectation
Wednesday, 20 January 2016, 5:17 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand dollar fell after inflation data missed expectations with the global glut of oil reducing petrol prices, stoking bets the Reserve Bank will have to cut interest rates this year. More >>
New KiwiSaver products are likely this year: Morningstar
Wednesday, 20 January 2016, 4:57 pm | BusinessDesk
New KiwiSaver products are likely this year as providers move beyond plain vanilla offerings, Morningstar says More >>
All Blacks end 21-year sponsorship with Coca-Cola for Pepsi
Wednesday, 20 January 2016, 4:52 pm | BusinessDesk
"h3"All Blacks end 21-year sponsorship with Coca-Cola for Pepsi"/h3" By Edwin Mitson More >>
Morrison & Co's Lib Petagna still selling Infratil shares
Wednesday, 20 January 2016, 3:41 pm | BusinessDesk
Jan. 20 (BusinessDesk) - HRL Morrison & Co's Lib Petagna has continued to sell down his stake in Infratil as he scales back his role with the investment bank managing the listed infrastructure investor. More >>
Fonterra likely to reduce 2015/16 milk payout
Wednesday, 20 January 2016, 2:58 pm | BusinessDesk
Jan. 20 (BusinessDesk) - Fonterra Cooperative Group is widely expected to cut its forecast milk payout for this season after prices dipped at a second successive GlobalDairyTrade auction this month. More >>
Singapore Airlines announces Wgtn-Canberra-Singapore route
Wednesday, 20 January 2016, 2:15 pm | BusinessDesk
Jan. 20 (BusinessDesk) - Singapore Airlines has announced its 'Capital Express' route, which will make the first direct flight from Wellington to Canberra and then on to Singapore four days per week on a Boeing 777. More >>
Tiwai Pt smelter look safe despite global glut
Wednesday, 20 January 2016, 1:27 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The future of the Tiwai Point aluminium smelter appears to have become a little more secure, with the Rio Tinto-controlled plant thought to be roughly breaking even, largely thanks to a lower New Zealand dollar and the ... More >>
NZ housing market strengthens in December, led by regions
Wednesday, 20 January 2016, 12:32 pm | BusinessDesk
Jan. 20 (BusinessDesk) - New Zealand's housing market continued to strengthen in December, with several regions hitting new record prices, while Auckland lagged behind following restrictions to curb activity in the country's largest city. More >>
Soft NZ inflation puts acid on RBNZ to cut rates this year
Wednesday, 20 January 2016, 12:08 pm | BusinessDesk
Jan. 20 (BusinessDesk) - The lowest annual increase in inflation for 16 years will heap pressure on the Reserve Bank to rethink its stance on interest rates this year as markets start betting on a cut, with one bank economist calling today's inflation ... More >>
NZ online job vacancies rise in December as demand heats up
Wednesday, 20 January 2016, 12:00 pm | BusinessDesk
Jan. 20 (BusinessDesk) - Online job vacancies in New Zealand increased by 1.4 percent in December, with increased openings across all skill levels and most industries and regions, barring the high-profile information technology sector which showed ... More >>
NZVIF invests $11M in new Silicon Valley-style VC micro fund
Wednesday, 20 January 2016, 11:25 am | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand Venture Investment Fund has committed around $11 million to become a cornerstone investor in a new joint New Zealand-Taiwan venture capital fund, the Global from Day One Fund 11. More >>
NZ consumer prices rise at slowest annual pace since 1999
Wednesday, 20 January 2016, 10:55 am | BusinessDesk
NZ consumer prices rise at slowest annual pace since 1999 on cheap petrol; kiwi drops More >>
Kiwi companies using totara extract see sales boom
Wednesday, 20 January 2016, 10:25 am | BusinessDesk
Jan. 20 (BusinessDesk) - Kiwi companies making products, including toothpaste, that contain an extract from totara trees are riding a wave of global demand for natural healthcare. More >>
