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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 681]
While you were sleeping: Wall Street drops second day
Wednesday, 6 January 2016, 7:45 am | BusinessDesk
Jan. 6 (BusinessDesk) - Wall Street moved lower for a second straight day in the new calendar year amid a decline in oil prices and concern about the global economic outlook. More >>
Dairy product prices post a surprise decline
Wednesday, 6 January 2016, 7:01 am | BusinessDesk
Jan. 6 (BusinessDesk) - Dairy product prices unexpectedly slipped in the latest GlobalDairyTrade auction, as buyers saw no urgency to secure supply. More >>
MARKET CLOSE: NZ shares join global rout on Chinese data
Tuesday, 5 January 2016, 5:57 pm | BusinessDesk
MARKET CLOSE: NZ shares join global rout as Chinese manufacturing contracts; Xero, Z Energy drop More >>
NZ dollar slips as Chinese stocks settle,dairy auction looms
Tuesday, 5 January 2016, 5:21 pm | BusinessDesk
Jan. 5 (BusinessDesk) - The New Zealand dollar edged lower after Chinese stocks recovered from a sharp decline that sapped investors' appetite for risk-sensitive assets around the world. More >>
David Jones gets OIO approval to buy Kirkcaldies store lease
Tuesday, 5 January 2016, 3:45 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Australian retailer David Jones is on track to open its first international store mid-year after gaining Overseas Investment Office approval to buy the lease for the Kirkcaldie & Stains department store in Wellington, New ... More >>
Turangi land trust teams with Chinese in sheep-milk venture
Tuesday, 5 January 2016, 2:49 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Waituhi Kuratau Trust, the Turangi-based Maori land trust, has teamed up with Chinese interests to develop its sheep-milking interests as part of a plan to sell into the world's most-populous nation. More >>
A2 Milk's Babidge, other shareholders, cash in on high price
Tuesday, 5 January 2016, 2:17 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Geoffrey Babidge, managing director of A2 Milk, is one of a number of the specialty milk marketing company’s shareholders to have cashed in on the current high share price by reducing their stakes. More >>
NZ shares join global stock rout on China concerns
Tuesday, 5 January 2016, 1:14 pm | BusinessDesk
Jan. 5 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index dropped 1.1 percent, joining a global slide in equity markets after figures showed a worsening contraction in Chinese manufacturing. More >>
Dick Smith put into receivership 2 years after IPO
Tuesday, 5 January 2016, 10:26 am | BusinessDesk
Jan. 5 (BusinessDesk) - Dick Smith Holdings, the consumer electronics chain with 393 stores in Australia and New Zealand, has been put into receivership two years after being taken public by buyout firm Anchorage Capital Partners. More >>
IkeGPS drops GE brand, improving profit margin
Tuesday, 5 January 2016, 9:27 am | BusinessDesk
Jan. 5 (BusinessDesk) - IkeGPS, the laser measurement tool developer, will stop paying to use the General Electric brand as its own product gains more recognition, improving its profit margin. More >>
Wynyard signs $27M, 3-yr deal with national security bureau
Tuesday, 5 January 2016, 9:09 am | BusinessDesk
Jan. 5 (BusinessDesk) - Wynyard Group, whose shareholders agreed to a $30 million private placement last month, has signed a three-year deal worth $27 million with an unnamed national security bureau. More >>
While you were sleeping: Stocks tumble, gold rises
Tuesday, 5 January 2016, 7:23 am | BusinessDesk
Jan. 5 (BusinessDesk) - Equities sank on both sides of the Atlantic, while US Treasuries and gold strengthened amid concern about global economic growth. More >>
NZ dollar heads for 12% decline in 2015 on dairy, China
Thursday, 31 December 2015, 3:11 pm | BusinessDesk
Dec. 31 (BusinessDesk) - The New Zealand dollar is heading for a 12 percent annual decline after weathering weaker dairy prices and concerns about slowing Chinese economic growth, and may extend its slide in early 2016 as US growth comes into view. More >>
MARKET CLOSE: NZ shares end 2015 at record high
Thursday, 31 December 2015, 2:32 pm | BusinessDesk
MARKET CLOSE: NZ shares end 2015 at record high; Summerset, Orion, NZX gain, A2 falls More >>
UPDATE: Intagr8 had 'unsustainable business model'
Thursday, 31 December 2015, 1:31 pm | BusinessDesk
Dec. 31 (BusinessDesk) - Intagr8 Ltd, which was placed in liquidation this month after failing to pay creditors, ran an "unsustainable business model" with upfront sales revenue too meager to cover the cost of inducements for new customers ... More >>
Intagr8 had 'unsustainable business model', liquidator says
Thursday, 31 December 2015, 12:37 pm | BusinessDesk
Dec. 31 (BusinessDesk) - Intagr8 Ltd, which was placed in liquidation this month after failing to pay creditors, ran an "unsustainable business model" with upfront sales revenue too meager to cover the cost of inducements for new customers ... More >>
Buller Electricity wins takeover of Pulse Energy
Thursday, 31 December 2015, 10:49 am | BusinessDesk
Dec. 31 (BusinessDesk) - Three of Pulse Energy's directors have accepted Buller Electricity's share offer, giving the South Island lines company more than 90 percent of the energy retailer's shares and the ability to enforce compulsory acquisition of the remaining ... More >>
Dairy farmers top farm poll for optimism about 2016
Thursday, 31 December 2015, 10:48 am | BusinessDesk
Dec. 31 (BusinessDesk) - Dairy farmers are the most optimistic group in New Zealand's agricultural sector for the coming year, according to a Federated Farmers poll. More >>
NZ dollar falls on weak oil prices, local importer selling
Thursday, 31 December 2015, 9:10 am | BusinessDesk
Dec. 31 (BusinessDesk) - The New Zealand dollar declined as weaker oil prices weighed on commodity currencies and local importers sold the kiwi to pay for Christmas goods in a period of low foreign exchange liquidity. More >>
While you were sleeping: Oil drops on US crude buildup
Thursday, 31 December 2015, 7:52 am | BusinessDesk
Dec. 31 (BusinessDesk) - Equities continued to take their cue from oil prices, which moved lower after a report showing an unexpected build in US stockpiles More >>
