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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 693]
While you were sleeping: US manufacturing shrinks
Wednesday, 2 December 2015, 7:06 am | BusinessDesk
Dec. 2 (BusinessDesk) - Wall Street advanced after a report showing a surprise contraction in US manufacturing bolstered hopes the Federal Reserve will keep the pace of interest rate increases slow. More >>
Dairy product prices rise though outlook subdued
Wednesday, 2 December 2015, 6:20 am | BusinessDesk
Dec. 2 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, rebounding from three consecutive declines, amid an improvement in market sentiment. More >>
VorTech team wins drone competition, attracts Hollywood
Tuesday, 1 December 2015, 5:58 pm | BusinessDesk
Dec. 1 (BusinessDesk) - A group of former Auckland University students has won $50,000 in a competition aimed at developing world-leading drone technology for the film, media, and gaming industries in a competition endorsed by movie mogul James Cameron. More >>
UPDATE: Fonterra considers options after losing supply case
Tuesday, 1 December 2015, 5:51 pm | BusinessDesk
Dec. 1 (BusinessDesk) - Fonterra Cooperative Group is considering its options, including an appeal, after losing a High Court case taken by former suppliers to the failed New Zealand Dairies milk processing plant at Studholme who challenged the legality ... More >>
MARKET CLOSE: NZ shares rise; Trade Me gains, F&P at record
Tuesday, 1 December 2015, 5:41 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as Trade Me gains, F&P reaches record; A2 Milk falls More >>
NZ dollar gains as upbeat Asian data spurs US dollar selling
Tuesday, 1 December 2015, 5:20 pm | BusinessDesk
Dec. 1 (BusinessDesk) - The New Zealand dollar gained as a string of relatively upbeat economic data across Asia saw a continued sell-off in the US dollar, which had been triggered during Northern Hemisphere trading on weaker US housing and industrial ... More >>
Auditor-General criticises EQC over quake complaint process
Tuesday, 1 December 2015, 4:47 pm | BusinessDesk
Dec. 1 (BusinessDesk) - The Earthquake Commission hasn't done enough to improve the way it handles complaints from property owners but has improved cost control, Auditor-General Lyn Provost says in a follow-up to her 2013 report on the EQC's repair programme ... More >>
RMA reform bill queue jumps over legislative backlog
Tuesday, 1 December 2015, 1:33 pm | BusinessDesk
RMA reform bill queue jumps over legislative backlog Dec. 1 (BusinessDesk) - Members of parliament begin their last sitting session today with the government running out of time to deal with a backlog of legislation and introduce reform of the Resource ... More >>
NZX lifts minimum volume threshold for futures
Tuesday, 1 December 2015, 12:15 pm | BusinessDesk
NZX lifts minimum volume threshold for block trades of whole, skim milk futures, citing improved liquidity More >>
NZ house values rise at fastest pace in 9 years
Tuesday, 1 December 2015, 12:05 pm | BusinessDesk
Dec. 1 (BusinessDesk) - New Zealand home values rose at their fastest annual pace in more than nine years in November, although there are some signs the pace of growth may be slowing in the overheated Auckland market. More >>
NZ terms of trade fall 3.7% as petrol drove up import prices
Tuesday, 1 December 2015, 11:38 am | BusinessDesk
NZ terms of trade fall 3.7% as petrol drove up import prices By Jonathan Underhill More >>
Infratil sells iSite to Australia's QMS Media for $49 mln
Tuesday, 1 December 2015, 11:21 am | BusinessDesk
Dec. 1 (BusinessDesk) - Infratil, the listed infrastructure investor, has sold its advertising subsidiary iSite to Australian media company QMS Media for $49 million. More >>
Infratil sells iSite to Australia's QMS Media for $49 mln
Tuesday, 1 December 2015, 11:21 am | BusinessDesk
Dec. 1 (BusinessDesk) - Infratil, the listed infrastructure investor, has sold its advertising subsidiary iSite to Australian media company QMS Media for $49 million. More >>
Fronde hires former F&P Appliances executive Anthony Belsham
Tuesday, 1 December 2015, 10:56 am | BusinessDesk
Dec. 1 (BusinessDesk) - Fronde Systems Group, which provides IT services to businesses, has hired former Fisher & Paykel Appliances executive Anthony Belsham as its new chief executive. More >>
Hellaby downgrades earnings outlook
Tuesday, 1 December 2015, 9:57 am | BusinessDesk
Dec. 1 (BusinessDesk) - Hellaby Holdings, the diversified investment company, downgraded its estimate for annual earnings, citing variable economic and market conditions across its major markets. More >>
Augusta goes on $92.8 mln property buying spree for new fund
Tuesday, 1 December 2015, 9:13 am | BusinessDesk
Dec. 1 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has bought a $92.8 million property portfolio, which it plans to pour into a new unlisted fund for investors next year. More >>
Augusta goes on $92.8 mln property buying spree for new fund
Tuesday, 1 December 2015, 9:13 am | BusinessDesk
Dec. 1 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, has bought a $92.8 million property portfolio, which it plans to pour into a new unlisted fund for investors next year. More >>
While you were sleeping: Central banks hug limelight
Tuesday, 1 December 2015, 7:47 am | BusinessDesk
Dec. 1 (BusinessDesk) - Wall Street slid, while euro-zone equities rose, as investors eyed speeches by Federal Reserve Chair Janet Yellen this week as well as an European Central Bank meeting on Thursday. More >>
Carter Holt granted leave to appeal 'leaky schools' ruling
Monday, 30 November 2015, 6:06 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Carter Holt Harvey, the building products manufacturer and supplier owned by billionaire Graeme Hart, will argue its case over whether it can be held liable in the Ministry of Education's leaky schools case in the Supreme Court. More >>
MARKET CLOSE: NZ shares mixed as Xero, FPH gains
Monday, 30 November 2015, 5:55 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed as Xero, Orion fall, F&P gains on earnings outlook More >>
