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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 688]
Genesis Energy names AGL executive Marc England as CEO
Monday, 14 December 2015, 11:21 am | BusinessDesk
Dec. 14 (BusinessDesk) - Genesis Energy named AGL Energy executive Marc England as chief executive, replacing Albert Brantley who leaves after seven years running New Zealand's biggest electricity and gas retailer. More >>
NZ service sector activity at 8-year high in November
Monday, 14 December 2015, 11:15 am | BusinessDesk
Dec. 14 (BusinessDesk) - Activity in New Zealand's services sector, which accounts for about two-thirds of the economy, expanded at its fastest pace in eight years in November, underpinning expectations those industries drove growth through the ... More >>
World Week Ahead: Finally, it's Fed week
Monday, 14 December 2015, 7:43 am | BusinessDesk
Dec. 14 (BusinessDesk) - The US Federal Reserve’s two-day meeting and a widely-anticipated interest rate increase will form the key driver in the coming days as investors eye clues about the projected pace of future hikes. More >>
MARKET CLOSE: NZ shares rise on demand for yield stocks
Friday, 11 December 2015, 5:52 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as rate cut stokes demand for yield stocks; Meridian, Contact, Kathmandu gain More >>
NZ food prices fall in November
Friday, 11 December 2015, 5:24 pm | BusinessDesk
NZ food prices fall in November as milk holds at 7-year low, beef prices at all-time high More >>
NZ dollar TWI heads for 1.5% gain on flat rate outlook
Friday, 11 December 2015, 5:17 pm | BusinessDesk
NZ dollar TWI heads for 1.5% gain on flat rate outlook By Paul McBeth More >>
Consumer confidence dipped in Dec.,remains above recent lows
Friday, 11 December 2015, 1:29 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Consumer sentiment eased in December but remains well above its recent lows, according to the latest ANZ-Roy Morgan Consumer Confidence Index. More >>
NZ manufacturing activity picks up in November
Friday, 11 December 2015, 11:26 am | BusinessDesk
Dec. 11 (BusinessDesk) - New Zealand manufacturing activity picked up in November, suggesting the economy expanded at a faster pace in the second half of the year. More >>
Precinct plans $681 mln development in downtown Auckland
Friday, 11 December 2015, 10:39 am | BusinessDesk
Dec. 11 (BusinessDesk) - Precinct Properties New Zealand, which raised $174.1 million in March to help fund major developments, will go ahead with a planned $681 million development in downtown Auckland, including a 39-storey waterfront office tower and ... More >>
Scales to pay bigger dividend after raising annual earnings
Friday, 11 December 2015, 9:10 am | BusinessDesk
Dec. 11 (BusinessDesk) - Scales Corp, the country's biggest apple exporter, will pay a bigger dividend to shareholders after again raising annual earnings guidance as a record apple crop drove its horticulture unit, but said it wasn't likely to ... More >>
While you were sleeping: Wall Street, greenback bounce
Friday, 11 December 2015, 7:49 am | BusinessDesk
Dec. 11 (BusinessDesk) - Wall Street and the US dollar gained as investors positioned themselves ahead of next week’s Federal Reserve meeting. More >>
Govt to set up new agency to marshal cyber-security resource
Thursday, 10 December 2015, 6:29 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The government plans to set up a new agency to marshal the nation's resources in dealing with cyber-security issues, which it estimates cost the country $257 million last year, says Communications Minister Amy Adams. More >>
MARKET CLOSE: NZ shares fall; ANZ, Westpac, A2 drop with ASX
Thursday, 10 December 2015, 5:59 pm | BusinessDesk
MARKET CLOSE: NZ shares fall; ANZ, Westpac, A2 drop with ASX selloff; Trade Me gains More >>
NZ dollar gains after RBNZ signals end of cutting cycle
Thursday, 10 December 2015, 5:43 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar gained after the Reserve Bank signalled an end to its current round of rate cuts, having previously left the door open if the currency remained too high. More >>
Flat OCR outlook sees swaps unchanged as kiwi rises
Thursday, 10 December 2015, 4:20 pm | BusinessDesk
Dec. 10 (BusinessDesk) - New Zealand swap rates were largely unchanged, while the kiwi dollar jumped as much as 1 US cent after the Reserve Bank put the brakes on future interest rate cuts and signalled a three-year pause. More >>
Auckland home sales hit 4-year low in November
Thursday, 10 December 2015, 3:47 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The number of Auckland homes sold in November fell to the lowest level since 2011 on a seasonally adjusted basis. Figures from the Real Estate Institute of New Zealand (REINZ) showed volumes fell 11.5 percent compared to October, ... More >>
Govt and Labour/Greens in pre-Xmas holding pattern: poll
Thursday, 10 December 2015, 3:46 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Support for the main political parties has barely changed in the last month, according to the latest Roy Morgan New Zealand opinion poll. More >>
Local govt assets to grow faster than debt, revenue
Thursday, 10 December 2015, 3:25 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Local government sector debt is forecast to surge 42 percent to about $20 billion in the next 10 years, mainly reflecting infrastructure investment in Auckland and Christchurch, but the increase is matched by projected increases ... More >>
NZ retail spending on debit, credit cards picks up in Nov
Thursday, 10 December 2015, 1:16 pm | BusinessDesk
Dec. 10 (BusinessDesk) - New Zealand retail spending on electronic cards picked up in November, driven higher by spending on hospitality and clothing. More >>
El Nino could cut GDP by up to 0.8%, RBNZ says
Thursday, 10 December 2015, 1:02 pm | BusinessDesk
Strong El Nino conditions this summer could cut GDP by up to 0.8%, RBNZ says More >>
