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BusinessDesk - Latest News [Page 678]

While you were sleeping: Wall Street pares gains

Wednesday, 13 January 2016, 7:38 am | BusinessDesk

Jan. 13 (BusinessDesk) - Wall Street pared earlier gains as oil plumbed fresh lows, while other commodities also fell, as investors tried to gauge China’s efforts to stabilise its stock market and currency. More >>

MARKET CLOSE: NZ shares rise as turnover improves

Tuesday, 12 January 2016, 5:40 pm | BusinessDesk

MARKET CLOSE: NZ shares rise as turnover improves; Trade Me, NZ Refining, MRP gain, Metro Glass falls More >>

World Bank: TPP better for NZ than US, MFAT confirms signing

Tuesday, 12 January 2016, 5:20 pm | BusinessDesk

More for NZ than US in TPP, says World Bank study, as MFAT confirms NZ signing ceremony More >>

NZ dollar bounces as global pressures continue to weigh

Tuesday, 12 January 2016, 5:13 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The New Zealand dollar bounced from its 4.4 percent fall against the greenback so far this year, though global pressures on inflation, commodity prices, and investor sentiment are expected to stifle demand for the local currency. More >>

Shanghai Pengxin rejection has flow-on impact

Tuesday, 12 January 2016, 4:39 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The government's decision to reject Shanghai Pengxin as a buyer for Lochinver Station had a flow-on impact on its failed neighbour, which has been put back on the market after the rationale disappeared for the Chinese company ... More >>

NZ commodity producers had 'a year to forget' in 2015

Tuesday, 12 January 2016, 2:39 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Commodity producers had "a year to forget" in 2015, with many products falling below the cost of production although there are signs things might start picking up, according to ANZ Bank New Zealand, the country's ... More >>

NZ commodity prices fall 1.8% in December; down 13% in 2015

Tuesday, 12 January 2016, 1:38 pm | BusinessDesk

Jan. 12 (BusinessDesk) - New Zealand commodity prices slid 1.8 percent in December, taking the annual decline to 13 percent, amid weak demand in global markets. More >>

First direct flights between NZ and Aussie capitals tipped

Tuesday, 12 January 2016, 1:29 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Airlines and airports won't discuss it, but industry sources say that bureaucrats and politicians will soon have access for the first time to a direct flight between Wellington and Canberra. More >>

Slowing Chinese investment in Auckland property temporary

Tuesday, 12 January 2016, 1:26 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The head of a company that helps Chinese buy properties overseas says New Zealand’s popularity ranking has slipped a notch since the government and Reserve Bank introduced new buyer restrictions last October. More >>

Harmoney reshuffle sees chairman Campbell go, Roberts return

Tuesday, 12 January 2016, 12:43 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Harmoney Corp, New Zealand's first peer-to-peer lender, has gone through a boardroom reshuffle with chairman Rob Campbell departing three days after founder and co-chief executive Neil Roberts resumed his directorship following ... More >>

Dick Smith receivers install Don Grover as acting CEO

Tuesday, 12 January 2016, 12:36 pm | BusinessDesk

Dick Smith receivers install Don Grover as acting CEO as Abboud quits; retailer put up for sale More >>

Improvement in NZ home affordability may not last

Tuesday, 12 January 2016, 12:03 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The affordability of New Zealand housing improved by 5.7 percent in the final three months of last year, helped in part by stalling Auckland house prices, according to the latest Massey University Home Affordability Report. More >>