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BusinessDesk
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 675]
NZ dollar gains as China, GDT auction, allay commodity fears
Wednesday, 20 January 2016, 8:28 am | BusinessDesk
Jan. 20 (BusinessDesk) - The New Zealand dollar gained as Chinese economic data wasn't as bad as feared, improving sentiment about the outlook for commodities. More >>
While you were sleeping: China concerns ease
Wednesday, 20 January 2016, 7:49 am | BusinessDesk
Jan. 20 (BusinessDesk) - Wall Street moved higher as investors found value in beaten-down stocks as the latest data from China eased some concern about the outlook for the global economy. Gains were checked as US oil slipped. More >>
Dairy product prices decline for second auction in 2016
Wednesday, 20 January 2016, 6:15 am | BusinessDesk
Jan. 20 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction, declining for the second time this year, amid expectations that worldwide supply will outstrip demand. More >>
MARKET CLOSE: NZ Shares rise as SkyCity gains
Tuesday, 19 January 2016, 5:58 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as SkyCity gains on guidance, NZ Refining up on margins More >>
NZ dollar falls as Chinese growth misses forecast
Tuesday, 19 January 2016, 5:14 pm | BusinessDesk
Jan. 19 (BusinessDesk) - The New Zealand dollar fell as China's economic growth came in below expectations, weighing on the Australasian currencies due to their trade exposure to the world's second biggest economy. More >>
Docs show why agencies wouldn't pursue Hubbard further
Tuesday, 19 January 2016, 3:53 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Former investors in Allan Hubbard's Aorangi Securities and Hubbard Management Funds will have to chase the deceased Timaru businessman's estate if they want to pursue as much as five years of unpaid interest after the entities' ... More >>
UPDATE: NZ online recruiters shrug off CareerOne's entry
Tuesday, 19 January 2016, 2:59 pm | BusinessDesk
UPDATE: New Zealand's online recruiters shrug off the entry of new Australian player, CareerOne More >>
Smith City to buy Furniture City for Auckland foothold
Tuesday, 19 January 2016, 2:33 pm | BusinessDesk
Jan. 19 (BusinessDesk) - Smiths City, the Christchurch-based retailer which is rejigging its assets to improve earnings, has agreed to buy retailer Furniture City, giving it a foothold in the Auckland market. More >>
Australian online recruiter CareerOne launches in NZ
Tuesday, 19 January 2016, 11:46 am | BusinessDesk
Jan. 19 (BusinessDesk) - CareerOne, the number two Australian online recruiter, is launching in New Zealand today, allowing companies the chance to advertise jobs in both markets simultaneously. More >>
NZ guest nights rise for 20th month as Central Otago booms
Tuesday, 19 January 2016, 11:45 am | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand guest nights rose in November for the 20th month in a row, as the tourism boom saw domestic and international travelers spend more nights in all kinds of accommodation. More >>
NZ Refining earns record fees on record through-put
Tuesday, 19 January 2016, 10:59 am | BusinessDesk
Jan. 19 (BusinessDesk) - Shares in New Zealand Refining jumped after the operator of the country's only oil refinery earned its highest ever fee last year as it processed a record number of barrels. More >>
MRP buys solar power installer What Power Crisis
Tuesday, 19 January 2016, 10:23 am | BusinessDesk
Jan. 19 (BusinessDesk) - MightyRiverPower, which produces most of its electricity through hydro and geothermal generation, is buying solar power business What Power Crisis amid increased demand for the technology. More >>
NZ business confidence recovers from four-year low
Tuesday, 19 January 2016, 10:07 am | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand businesses got out of the doldrums in the final three months of 2015 as the economy picked up from its mid-year sluggishness and firms saw improvements in their own activity, even if that didn't drop to the bottom ... More >>
SkyCity expects first-half profit to rise as much as 30%
Tuesday, 19 January 2016, 9:15 am | BusinessDesk
Jan. 19 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, expects first-half profit to rise as much as 30 percent as it benefits from improved trading in New Zealand, higher turnover from 'high roller' gamblers, reduced ... More >>
NZ dollar to remain volatile vs Aussie on weak commodities
Tuesday, 19 January 2016, 8:52 am | BusinessDesk
Jan. 19 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar overnight with volatility on the cross set to continue as investors eye weakness in China's economy and sliding commodity prices. More >>
CORRECT: Open Country cuts milk payout below Fonterra
Tuesday, 19 January 2016, 8:05 am | BusinessDesk
(Corrects story that ran on Monday Jan. 18, fixes ANZ current price estimate in third graph) More >>
While you were sleeping: European stocks, oil slide
Tuesday, 19 January 2016, 7:19 am | BusinessDesk
Jan. 19 (BusinessDesk) - Equities in Europe fell as did the price of oil, which declined to a fresh twelve-year low amid concern about Iran adding to the worldwide glut. More >>
MARKET CLOSE: NZ Shares follow Wall Street lower
Monday, 18 January 2016, 5:51 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand shares fell in relatively quiet trading, following Wall Street's lead and as oil prices continue downwards. Tower, A2 Milk Co and Steel & Tube declined. More >>
NZ dollar up as China raises yuan deposit requirements
Monday, 18 January 2016, 5:24 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar recovered its losses from the weekend as Chinese authorities raised the requirements on foreign financial institutions' yuan deposits, helping soothe nervous investors about the strength of the world's ... More >>
NZ Dollar Outlook: weak indicators to weigh on kiwi
Monday, 18 January 2016, 2:15 pm | BusinessDesk
Jan. 18 (BusinessDesk) - The New Zealand dollar may fall this week on concern about the impact on the local economy of slower Chinese growth, weak dairy prices and low inflation. More >>
