Scoop has an Ethical Paywall
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 680]
MARKET CLOSE: NZ shares fall; investors remain wary of China
Thursday, 7 January 2016, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as investors remain wary of China; A2 Milk, Mighty River, Xero drop More >>
NZ dollar falls as Chinese share trading suspended again
Thursday, 7 January 2016, 5:16 pm | BusinessDesk
Jan. 7 (BusinessDesk) - The New Zealand dollar fell as the suspension of trading on Chinese share markets for a second time this week stoked fears about the strength of the world's second-biggest economy and the impact on its trading partners. More >>
Chile reveals NZ to host TPP signing, Govt tight-lipped
Thursday, 7 January 2016, 3:50 pm | BusinessDesk
Jan. 7 (BusinessDesk) - The director of Chile's economic relations bureau has said New Zealand will host the signing ceremony for the controversial Trans Pacific Partnership next month. A second country, Peru, has told Bloomberg that its Deputy Trade Minister ... More >>
Anchorage repackages businesses from footwear to burgers
Thursday, 7 January 2016, 3:35 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Anchorage Capital Partners, which more-than quadrupled its money buying retailer Dick Smith from Woolworths in 2012 and taking it public a year later, has reaped big profits from shaping industries in Australasia ranging from ... More >>
Alliance boosts cooperative as Silver Fern sells stake
Thursday, 7 January 2016, 3:17 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Alliance Group, New Zealand's second-largest meat processor, plans to entrench its cooperative status, encouraging farmers to 'share up' at a time larger rival Silver Fern Farms is watering down its cooperative by tapping a ... More >>
UPDATE: Key tipped to announce $1.25B spend on Auckland rail
Thursday, 7 January 2016, 3:17 pm | BusinessDesk
UPDATE: Key tipped to announce $1.25B spend on Auckland rail two years early as part of funding package More >>
Key tipped to announce early $1.25B spend on Auckland rail
Thursday, 7 January 2016, 1:57 pm | BusinessDesk
Key tipped to announce $1.25B spend on Auckland rail two years early as part of funding package More >>
SBS Bank CEO Wayne Evans dies suddenly of natural causes
Thursday, 7 January 2016, 12:32 pm | BusinessDesk
Evans died yesterday afternoon of natural causes, New Zealand's biggest building society said in a statement. Evans took over the role in July 2014, replacing Ross Smith who had been chief executive for 22 years. More >>
NZ new vehicle sales soar to record in 2015
Thursday, 7 January 2016, 11:10 am | BusinessDesk
Jan. 7 (BusinessDesk) - New Zealand new vehicle sales soared to a record last year, led by demand for commercial vehicles. More >>
Summerset lifts annual sales 26% in 2015 on new developments
Thursday, 7 January 2016, 8:56 am | BusinessDesk
Jan. 7 (BusinessDesk) - Summerset Group lifted occupation rights sales 26 percent in 2015 as the retirement village operator and developer benefited from an expanding foot print across the country, which will continue this year. More >>
NZ dollar gains vs. Aussie amid concerns over China
Thursday, 7 January 2016, 8:55 am | BusinessDesk
Jan. 7 (BusinessDesk) - The New Zealand dollar advanced against the Australian dollar as investors deemed Australia's commodity exports would be harder hit by a slowdown in China than New Zealand's. More >>
While you were sleeping: China, Korea, oil worries
Thursday, 7 January 2016, 7:35 am | BusinessDesk
Jan. 7 (BusinessDesk) - Wall Street fell as oil prices dropped below US$35 a barrel for the first time since 2004, while North Korea claimed a successful test of its first hydrogen bomb, and China’s central bank intervened again to weaken the yuan. More >>
MARKET CLOSE: NZ shares extend slide; A2 Milk, Sky TV drop
Wednesday, 6 January 2016, 5:52 pm | BusinessDesk
Jan. 6 (BusinessDesk) - New Zealand shares extended their slide from the record high reached on Dec. 31, with concerns about faltering growth in China weighing on sentiment. A2 Milk Co, Sky Network Television and Fletcher Building declined. More >>
NZ dollar extends decline as PBOC devalues yuan
Wednesday, 6 January 2016, 5:12 pm | BusinessDesk
Jan. 6 (BusinessDesk) - The New Zealand dollar extended its decline after the People's Bank of China unexpectedly devalued the yuan, stoking fears the strength of the world's second-biggest economy may be wavering. More >>
Richfield directors reject takeover offer from Mercantile
Wednesday, 6 January 2016, 3:58 pm | BusinessDesk
Jan. 6 (BusinessDesk) - Richfield International's board has unanimously urged shareholders to reject a takeover offer from veteran corporate raider Ron Brierley's Mercantile Investment. More >>
Mega's minority investors diluted in pre-Xmas rights issue
Wednesday, 6 January 2016, 3:10 pm | BusinessDesk
Jan. 6 (BusinessDesk) - Minority shareholders in Mega were further diluted in a pre-Christmas $7.4 million rights issue largely bankrolled by its two biggest investors, which has left the file storage and encryption firm flush with cash heading into 2016. More >>
El Nino seen abating
Wednesday, 6 January 2016, 12:44 pm | BusinessDesk
El Nino seen abating but NZ primary sector not out of the woods given size of event More >>
NZ honey exports double in November on manuka demand
Wednesday, 6 January 2016, 12:36 pm | BusinessDesk
Jan. 6 (BusinessDesk) - New Zealand honey exports doubled in November as the country benefited from demand for high-value manuka honey. More >>
Auckland house prices little changed in December
Wednesday, 6 January 2016, 10:45 am | BusinessDesk
Jan. 6 (BusinessDesk) - Auckland home sales continued to fall in December, with fewer houses sold and fewer listed while prices were little changed, sending mixed messages for the housing market in 2016, according to the city's largest realtor. More >>
NZ dollar declines vs. yen amid global uncertainty
Wednesday, 6 January 2016, 8:34 am | BusinessDesk
Jan. 6 (BusinessDesk) - The New Zealand dollar fell below 80 yen as investors sought the security of the low-risk Japanese currency amid uncertainty about the global outlook. More >>
