BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 687]

Update: NZ dairy exports to surge by 2017 after weaker 2016

Tuesday, 15 December 2015, 11:58 am | BusinessDesk

Update: NZ dairy exports to surge by 2017 after weaker 2016 (Adds detail of forecasts by sector) More >>

ComCom says Fonterra's support loans should be in milk price

Tuesday, 15 December 2015, 11:23 am | BusinessDesk

Dec. 15 (BusinessDesk) - The Commerce Commission has signed off on the way Fonterra Cooperative Group calculates its milk payout this season but says it will be keeping an eye on issues such as its cost of capital calculation and interest-free support ... More >>

NZ dairy exports to surge by 2017 after weaker 2016

Tuesday, 15 December 2015, 10:46 am | BusinessDesk

Dec. 15 (BusinessDesk) - New Zealand's primary sector exports may rise 5.3 percent in the year to June 30, 2016, as gains in meat, wool, forestry, seafood and horticultural products make up for a drop in the value of dairy products, the Ministry for Primary ... More >>

Regulator delivers $240 mln Xmas present to Chorus investors

Tuesday, 15 December 2015, 10:42 am | BusinessDesk

Dec. 15 (BusinessDesk) - The Commerce Commission's verdict to let Chorus charge customers more to access its copper lines network has delivered a $240 million bump to the company's value, driving the shares to a record. More >>

Regulator delivers $240 mln Xmas present to Chorus investors

Tuesday, 15 December 2015, 10:42 am | BusinessDesk

Chorus lifts earnings guidance on ComCom copper decision

Tuesday, 15 December 2015, 9:18 am | BusinessDesk

Dec. 15 (BusinessDesk) - Telecommunications infrastructure operator Chorus has substantially increased its earnings guidance following this morning's Commerce Commission final determination on pricing for access to the copper network, but is disappointed not ... More >>

Intueri denies speculation of takeover talks

Tuesday, 15 December 2015, 9:16 am | BusinessDesk

Dec. 15 (BusinessDesk) - Intueri Education Group said it hasn't been approached or had discussions with any parties in relation to a takeover, after the Australian newspaper reported that private equity firms were eyeing New Zealand's largest private ... More >>

Final copper decision lets Chorus raise prices

Tuesday, 15 December 2015, 8:51 am | BusinessDesk

Dec. 15 (BusinessDesk) - The Commerce Commission will let Chorus charge customers more to access its ageing telecommunications network from the price that's been in place since last year, but won't allow the company to backdate those changes. More >>

Final copper decision lets Chorus raise prices

Tuesday, 15 December 2015, 8:51 am | BusinessDesk

NZ dollar rises to 6-month high vs British pound

Tuesday, 15 December 2015, 8:39 am | BusinessDesk

NZ dollar rises to 6-month high vs British pound as BoE seen delaying rate hike More >>

While you were sleeping: Oil burns investors

Tuesday, 15 December 2015, 6:44 am | BusinessDesk

Dec. 15 (BusinessDesk) - Equities slid with the price of oil as investors awaited the result of the US Federal Reserve two-day meeting starting on Tuesday. More >>

MARKET CLOSE: NZ shares join global selloff on weak oil

Monday, 14 December 2015, 5:48 pm | BusinessDesk

Dec. 14 (BusinessDesk) - New Zealand shares joined a global selloff in equity markets on concern the plunging price of crude oil suggests weaker demand and economic growth. Kathmandu Holdings and Sky Network Television declined. More >>

Update: Uber disappointed at proposals for taxi-style regs

Monday, 14 December 2015, 5:31 pm | BusinessDesk

Dec. 14 (BusinessDesk) – The passenger service Uber says it’s disappointed at recommendations under a government discussion paper out today that would see it have to operate under the same rules as taxis. More >>

NZ dollar falls near 67 US cts as Fed meeting looms

Monday, 14 December 2015, 5:21 pm | BusinessDesk

NZ dollar falls near 67 US cts as investors weigh likely impact of Fed rate hike More >>

Uber and taxi drivers should be treated the same: Ministry

Monday, 14 December 2015, 4:57 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Uber would have to operate under the same rules as taxis and the current rules governing pricing would be wiped under new regulations recommended by the Ministry of Transport today, which have found favour with taxi operators. More >>

NZ traders see carbon at $10 a tonne by Christmas

Monday, 14 December 2015, 4:12 pm | BusinessDesk

Dec. 14 (BusinessDesk) - The New Zealand price of carbon is closing on $10 a tonne and could reach that level before the end of the year, says carbon trading house OMF, spurred by the global climate change agreement in Paris and signs the government ... More >>