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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 691]
NZ Dollar Outlook: Traders split on outlook for kiwi
Monday, 7 December 2015, 2:47 pm | BusinessDesk
NZ Dollar Outlook: Traders split on outlook for kiwi ahead of RBNZ, Fed meetings By Tina Morrison More >>
Martin Aircraft shares recover to 6-mth high on sales, demo
Monday, 7 December 2015, 1:10 pm | BusinessDesk
Martin Aircraft shares recover to 6-month high on jetpack sales, demo flight in Shenzen More >>
Dick Smith may ultimately do more harm to itself than rivals
Monday, 7 December 2015, 12:07 pm | BusinessDesk
Dick Smith may ultimately do more harm to itself than rivals in pre-Xmas super sale More >>
NZ wholesale trade gains in 3rd qtr; fruit exports surge
Monday, 7 December 2015, 11:34 am | BusinessDesk
NZ wholesale trade gains in 3rd qtr as fruit exports drive grocery, liquor and tobacco sales More >>
Synthase targets 2019 launch for 'bull semen extender'
Monday, 7 December 2015, 10:54 am | BusinessDesk
Dec. 7 (BusinessDesk) - Synthase Biotech, set up this year to commercialise a plant-based enzyme that controls lipid oxidation, will use the technology to launch a product that extends the life of bull semen used in artificial insemination (AI). More >>
Steel & Tube upgrades processing facilities, sells factory
Monday, 7 December 2015, 10:14 am | BusinessDesk
Dec. 7 (BusinessDesk) - Steel & Tube Holdings, New Zealand's biggest steel distribution company, has sold its former processing facility for $8.4 million having shifted manufacturing to a new purpose-built site in Auckland. More >>
Spark buys South Island IT service firm CCL for $50 mln
Monday, 7 December 2015, 9:21 am | BusinessDesk for Yahoo
Dec. 7 (BusinessDesk) - Spark New Zealand, the country's biggest telecommunications company, will buy Computer Concepts Ltd (CCL) for $50 million as it continues to acquire IT services firms to beef up data-driven revenue. More >>
King Country Electric Power Trust rejects Trustpower bid
Monday, 7 December 2015, 8:51 am | BusinessDesk
Dec. 7 (BusinessDesk) - The King Country Electric Power Trust, owner of 19.98 percent of the small-scale electricity generator and retailer, King Country Energy, has confirmed that it will not be accepting the takeover offer by Trustpower for its stake. More >>
World Week Ahead: Rate pace focus
Monday, 7 December 2015, 7:51 am | BusinessDesk
Dec. 7 (BusinessDesk) - While a better-than-expected jobs report all but confirmed a US interest rate increase this month, investors this week will eye a speech by St Louis Fed President James Bullard as well as a report on American retail sales ... More >>
Market Close:NZ shares fall as ECB weighs on market
Friday, 4 December 2015, 5:45 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Dec. 4 (BusinessDesk) - New Zealand shares fell after the European Central Bank disappointed some investors who were expecting a bigger stimulus package, trimming the lure of stocks offering higher yields. Blue-chip stocks Meridian ... More >>
NZ dollar heads for gain propped up by likely RBNZ review
Friday, 4 December 2015, 5:28 pm | BusinessDesk
Dec. 4 (BusinessDesk) - The New Zealand dollar is heading for a 2.1 percent gain this week as uncertainty over whether the Reserve Bank will cut rates next week provides support for the local currency. More >>
AsureQuality mum on reported talks to buy out DTS partners
Friday, 4 December 2015, 4:35 pm | BusinessDesk
Dec. 4 (BusinessDesk) - AsureQuality, the state-owned food safety and biosecurity services firm, is staying mum on reports it's in talks to buy out its partners in Australia's Dairy Technical Services. More >>
NZ benchmark stock index drops 1% as ECB weighs on markets
Friday, 4 December 2015, 3:39 pm | BusinessDesk
Dec. 4 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index dropped 1.1 percent after the European Central Bank eased policy less than expected and Federal Reserve chair Janet Yellen stoked expectations of a Fed hike this month, eroding ... More >>
While you were sleeping: ECB’s Draghi disappoints
Friday, 4 December 2015, 7:43 am | BusinessDesk
Dec. 4 (BusinessDesk) - Equities and bonds dropped on both sides of the Atlantic as European Central Bank President Mario Draghi offered additional easing that fell short of expectations, while Federal Reserve Chair Janet Yellen underpinned bets ... More >>
MARKET CLOSE: NZ shares join global slide on Fed view
Thursday, 3 December 2015, 6:00 pm | BusinessDesk
MARKET CLOSE: NZ shares join global slide on Fed view; Xero, Sky TV, Fletcher drop More >>
NZ dollar falls as Fed's Yellen stokes rate hike talk
Thursday, 3 December 2015, 5:13 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve chair Janet Yellen kept alive expectations for a rate hike this month saying she was confident about the outlook for the world's biggest economy. More >>
Enviro Waste fined $450,000 for attempting to fix prices
Thursday, 3 December 2015, 4:51 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Enviro Waste Services has been fined $425,000 by the High Court in Auckland after a branch manager in Nelson tried to strike a deal on prices with a rival. More >>
MBIE interested in migrant investors' benefit to economy
Thursday, 3 December 2015, 2:59 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The Ministry of Business, Innovation and Employment is keen on better understanding the boon that investor-category migrants provide the country, an area it doesn't yet measure beyond gauging the minimum entry requirements. More >>
TVNZ defends extra spending on HQ upgrade, won't give detail
Thursday, 3 December 2015, 1:42 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Television New Zealand has defended the renovation of its Auckland headquarters, which is over budget, while refusing to confirm the final cost. More >>
NZ residential building activity rises 2.9% in third quarter
Thursday, 3 December 2015, 11:47 am | BusinessDesk
NZ residential building activity rises 2.9% in third quarter, offsetting fall in commercial work More >>
