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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 690]
NZ electricity supply security unclear from 2019
Wednesday, 9 December 2015, 10:07 am | BusinessDesk
Dec. 9 (BusinessDesk) - The large-scale closure of New Zealand gas and coal-fired electricity generation capacity and uncertainty about the future needs of major industrial users, such as the Tiwai Point aluminium smelter, are combining to create an uncertain ... More >>
Leaky homes class lawsuit loses bid to protect latecomers
Wednesday, 9 December 2015, 9:21 am | BusinessDesk
Dec. 9 (BusinessDesk) - A lawsuit against building products maker James Hardie Industries has lost its bid to let potential plaintiffs join after a Dec. 31 cut-off date, as the law firm involved awaits a ruling on whether it can proceed as a class action. More >>
NZ banking poll ranks risks
Wednesday, 9 December 2015, 8:02 am | BusinessDesk
Dec. 9 (BusinessDesk) - New Zealand's banking industry feels more prepared to handle risks and has lower anxiety than many of its global peers, according to a survey by the Centre for the Study of Financial Innovation and PwC. More >>
While you were sleeping: China, oil fuel uncertainty
Wednesday, 9 December 2015, 6:47 am | BusinessDesk
Dec. 9 (BusinessDesk) - Equities on both sides of the Atlantic fell after a worse-than-expected trade report on China fuelled concern about weakening global economic growth, at a time when the US Federal Reserve is widely expect to start hiking its target interest ... More >>
PM Key raises prospect of Cortex rollout for small business
Tuesday, 8 December 2015, 6:08 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Prime Minister John Key raised the prospect of rolling out the Government Communications Security Bureau's malware disruption programme 'Project Cortex' to small businesses at a hearing of the security and intelligence select ... More >>
MARKET CLOSE: NZ shares fall on weak oil, China export drop
Tuesday, 8 December 2015, 5:50 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as weak oil, Chinese exports weigh on market; MRP, Contact, Genesis drop More >>
NZ dollar falls as opinion on RBNZ rate cut Thursday firms
Tuesday, 8 December 2015, 5:17 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand dollar fell on growing speculation the Reserve Bank will cut interest rates at its review on Thursday, just a week before the US Federal Reserve meets and is expected to raise US interest rates for the first time ... More >>
Pulse eyes bigger workforce for beefed up Boulcott Hospital
Tuesday, 8 December 2015, 3:19 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Australian private hospital operator Pulse Health plans to beef up staff numbers at Lower Hutt's Boulcott Hospital when it formally takes control of the site, ending a sinking lid policy that's helped its current owners cut costs ... More >>
Goldsmith drops bid to criminalise cartel behaviour
Tuesday, 8 December 2015, 2:48 pm | BusinessDesk
Dec. 8 (BusinessDesk) - Commerce Minister Paul Goldsmith has backed down on criminalising hard-core cartel behaviour, leaving New Zealand out of step with the US, UK, Canada and Australia, after opposition from businesses who said it would have a chilling ... More >>
New Plymouth council gets court okay to sell Tasmanian farms
Tuesday, 8 December 2015, 1:06 pm | BusinessDesk
Dec. 8 (BusinessDesk) - The Supreme Court of Victoria has lifted an interim block on New Plymouth District Council's sale of its Tasmanian farms, leaving jilted suitor TasFoods weighing up its options. More >>
NZ manufacturing sales volumes rise 3.5% in third quarter
Tuesday, 8 December 2015, 12:03 pm | BusinessDesk
NZ manufacturing sales volumes rise at the fastest pace in almost 2 years in 3rd qtr More >>
NZ govt 4-month operating deficit smaller than predicted
Tuesday, 8 December 2015, 10:33 am | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand government's operating deficit was smaller than predicted in the first four months of the 2016 financial year, as a number of one-off corporate tax payments swelled the Crown's coffers. More >>
Forest & Bird seek to overturn land exchange for Ruataniwha
Tuesday, 8 December 2015, 9:23 am | BusinessDesk
Dec. 8 (BusinessDesk) - Environmental lobby the Royal Forest & Bird Protection Society of New Zealand will today argue in court that the Department of Conservation shouldn't have allowed a land exchange deal letting 22 hectares of Ruahine Forest ... More >>
SAFE gets the ear of Fonterra with bobby calf footage
Tuesday, 8 December 2015, 8:08 am | BusinessDesk
SAFE, the $1 mln animal rights lobby, gets the ear of Fonterra, regulators with bobby calf footage More >>
While you were sleeping: OPEC sinks oil
Tuesday, 8 December 2015, 7:01 am | BusinessDesk
Dec. 8 (BusinessDesk) - Wall Street dropped with the price of oil as OPEC’s decision to keep its output at current elevated levels fuelled concern about the increasing global glut. More >>
MARKET CLOSE: NZ shares fall, led by Contact, Xero
Monday, 7 December 2015, 5:56 pm | BusinessDesk
Dec. 7 (BusinessDesk) - New Zealand shares fell after Contact Energy said it doesn't expect growth in operating earnings this year and investors continued to punish Xero after key executives sold down their holdings. More >>
NZ dollar falls; traders ponder prospects for RBNZ rate cut
Monday, 7 December 2015, 5:19 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The New Zealand dollar fell as traders mulled the likelihood that the Reserve Bank will cut interest rates in its final meeting of the year, putting on a different path to the US where the Federal Reserve is poised to start tightening ... More >>
Just Water CEO Falkenstein slams NZX for price gouging
Monday, 7 December 2015, 5:10 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Tony Falkenstein, chairman and chief executive of NZAX-listed Just Water International, has again accused stock exchange operator NZX of price gouging. More >>
Key rehabilitates Collins, lifts Bennett to climate change
Monday, 7 December 2015, 5:03 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Prime Minister John Key has brought his wayward former Minister Judith Collins back to Cabinet in the portfolios she succeeded in early in his government’s rule, taking responsibility for the Police and Corrections services. More >>
Australia's Pulse Health signals job cuts after $20 mln deal
Monday, 7 December 2015, 3:15 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Pulse Health, the Australian private hospital operator, has signalled job cuts at Lower Hutt's Boulcott Hospital, which it has bought for up to $20 million as it seeks to build a foothold in New Zealand's health sector. More >>
