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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 679]
Asia-Pacific shares keep falling, Oz energy stocks hit hard
Monday, 11 January 2016, 3:49 pm | BusinessDesk
Jan. 11 (BusinessDesk) - Shares across Asia have failed to shrug off last week's New Year blues, with the S&P/NZX 50 index, the S&P/ASX 200, and Chinese stock market all down. More >>
NZ regional confidence rises in December quarter
Monday, 11 January 2016, 1:26 pm | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand regional economic confidence rose in the December quarter, with an upswing in sentiment among dairy farmers and positivity in urban centres. More >>
NZ Dollar Outlook: Kiwi may decline on China concerns
Monday, 11 January 2016, 12:02 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may decline this week on China concerns, Fed rate hike bets More >>
NZ residential building consents rise 1.8% in November
Monday, 11 January 2016, 11:29 am | BusinessDesk
Jan. 11 (BusinessDesk) - New Zealand residential building consents rose 1.8 percent in November, with demand for retirement village units driving approvals in the month. More >>
IkeGPS raises $900,000 in placement, eyes US listing
Monday, 11 January 2016, 8:53 am | BusinessDesk
Jan. 11 (BusinessDesk) - IkeGPS Group has raised $900,000 from three institutional investors to fund expansion in the US market, where the laser measurement tool developer is considering a secondary listing. More >>
NZ dollar falls on strong US jobs data; China worries
Monday, 11 January 2016, 8:42 am | BusinessDesk
Jan. 11 (BusinessDesk) - The New Zealand dollar fell after a better-than-expected US jobs report and amid continued investor concern about a slowdown in China. More >>
World Week Ahead: US earnings, China’s trade balance
Monday, 11 January 2016, 7:43 am | BusinessDesk
Jan. 11 (BusinessDesk) - After last week’s carnage on global equity markets, investors are eyeing US corporate earnings for any reason to lift the mood, while China’s latest trade data, due on Wednesday, will also be scrutinised. More >>
MARKET CLOSE: NZ shares fall on global uncertainty weighs
Friday, 8 January 2016, 5:48 pm | BusinessDesk
Jan. 8 (BusinessDesk) - New Zealand's benchmark NZX 50 Index fell as the market caught up with global losses on a day of relatively subdued trading. Nuplex Industries, Xero, Chorus and 37 other stocks fell, while A2 Milk Co gained after a week of declines. More >>
NZ dollar regains ground as China halts cuts to yuan fixing
Friday, 8 January 2016, 5:35 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand dollar regained ground after China fixed the yuan reference rate marginally higher after eight straight days of cuts, easing concerns that the People’s Bank of China sees a weaker economy than many in the ... More >>
NZ wool prices rise in first auction of 2016
Friday, 8 January 2016, 3:54 pm | BusinessDesk
Jan. 8 (BusinessDesk) - New Zealand wool prices rose at the first auction following the Christmas and New Year holiday period, helped by the lower New Zealand dollar. More >>
Greenheart NZ to buy Northland Forest Managers for $1.5M
Friday, 8 January 2016, 2:32 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Greenheart Group has signed a conditional deal to buy Northland Forest Managers (1995) for $1.5 million as the Hong Kong-listed owner of Northland's Mangakahia forestry estate looks to expand its New Zealand interests. More >>
NZ shares drop as fears over China envelop global markets
Friday, 8 January 2016, 12:39 pm | BusinessDesk
Jan. 8 (BusinessDesk) - New Zealand shares fell for a fourth day as fears over China's economy continue to cloud global markets, sapping investor appetite for riskier assets such as equities. More >>
MEA Mobile wants to spread success of photo print app to Aus
Friday, 8 January 2016, 12:36 pm | BusinessDesk
Jan. 8 (BusinessDesk) - MEA Mobile expects to sell its photo-printing app in Australia this year after following up a successful launch in the US and Germany with a deal in its home market of New Zealand, offering the service through Warehouse Stationery. More >>
Debt listings, bank share sales eclipsed IPOs on NZX in 2015
Friday, 8 January 2016, 12:18 pm | BusinessDesk
Jan. 8 (BusinessDesk) - The listing of local government bonds and share sales by Australian banks to bolster their balance sheets eclipsed capital raised from initial public offerings in 2015, NZX data shows. More >>
VMob migrating to NZX main board after share price rise
Friday, 8 January 2016, 11:48 am | BusinessDesk
Jan. 8 (BusinessDesk) - VMob, the mobile advertising firm, is migrating to the main board of the NZX after its stock gained enough to lift its market capitalisation over the required $40 million mark. More >>
Receiver says 6-8 weeks needed to mull Dick Smith sale
Friday, 8 January 2016, 11:05 am | BusinessDesk
Ferrier Hodgson tells Dick Smith workers it may take 6-8 weeks to establish if sale is possible More >>
Michael Hill boosts 1H sales 8.7% on 'steady' margins
Friday, 8 January 2016, 10:10 am | BusinessDesk
Jan. 8 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, increased first-half sales 8.7 percent and maintained its gross margin even as the US dollar strengthened. More >>
IkeGPS shares halted pending placement of shares
Friday, 8 January 2016, 9:25 am | BusinessDesk
Jan. 8 (BusinessDesk) - IkeGPS, the laser measurement tool developer, had its stock halted pending a placement of shares to some institutional and wholesale investors. More >>
NZ dollar falls vs. yen as investors spooked by China
Friday, 8 January 2016, 8:45 am | BusinessDesk
Jan. 8 (BusinessDesk) - The New Zealand dollar fell to its lowest level against the yen in more than three months as investors favoured the safe haven Japanese currency amid concerns about a slowing Chinese economy and weak commodity prices. More >>
While you were sleeping: China, oil sink stocks
Friday, 8 January 2016, 7:44 am | BusinessDesk
Jan. 8 (BusinessDesk) - Equities on both sides of the Atlantic fell as China struggled to contain the plunge of its stock market and as oil touched the lowest level in twelve years. More >>
