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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 694]
NZ dollar little changed as RBA review looms
Monday, 30 November 2015, 5:11 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The New Zealand dollar was little changed ahead of tomorrow's Reserve Bank of Australia policy review, kicking off a busy week for economic data and central bank activity. More >>
Government's RealMe in doubt as Treasury calls for 'pause'
Monday, 30 November 2015, 4:56 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The government's RealMe project to give every New Zealander one log-in for all online government services is among several dozen major government initiatives attracting extra scrutiny from the Treasury, with recommendations that ... More >>
NZ Dollar Outlook: Kiwi may decline on US jobs data
Monday, 30 November 2015, 2:48 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may decline as traders bet US jobs data will support Fed rate hikes More >>
NZ business confidence rises to 6-month high
Monday, 30 November 2015, 1:58 pm | BusinessDesk
Nov. 30 (BusinessDesk) - New Zealand business confidence rose to a six-month high in November, signalling a pick up in the economy. More >>
David Parker returns to Labour's front bench in reshuffle
Monday, 30 November 2015, 12:35 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The Labour Party's former finance spokesman, David Parker, has returned to the party's parliamentary front bench with a brace of weighty portfolios, including environment, water, regulatory affairs and the information communications ... More >>
David Parker returns to Labour's front bench in reshuffle
Monday, 30 November 2015, 12:35 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The Labour Party's former finance spokesman, David Parker, has returned to the party's parliamentary front bench with a brace of weighty portfolios, including environment, water, regulatory affairs and the information communications ... More >>
Fonterra in organic infant formula deal with Bellamy's
Monday, 30 November 2015, 12:28 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Fonterra Cooperative Group and Bellamy’s Australia have entered into a five-year, multi-million dollar deal to manufacture a range of new baby nutritional powders at the Darnum infant formula plant in southeast Victoria. More >>
NZ auditors still struggling to meet standards, FMA says
Monday, 30 November 2015, 12:27 pm | BusinessDesk for Yahoo
Nov. 30 (BusinessDesk) - The country's auditors are still struggling to meet minimum accounting standards, with less than a fifth reviewed by the Financial Markets Authority characterised as 'good' and the rest needing to improve. More >>
NZ residential building consents rise 5.1% in October
Monday, 30 November 2015, 11:49 am | BusinessDesk
Nov. 30 (BusinessDesk) - New Zealand residential building consents rose in October, snapping two months of decline on a pickup in Auckland, where approvals for apartments helped drive the trend for new dwellings in the city to the highest level in almost ... More >>
Intueri says it's sound financially despite share plunge
Monday, 30 November 2015, 9:36 am | BusinessDesk
Nov. 30 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training institution, says it's in a sound financial position after its shares plunged to a record low on Friday amid concerns about the sector. More >>
Snakk narrows first-half loss, lifting margins as sales rise
Monday, 30 November 2015, 9:36 am | BusinessDesk
Nov. 30 (BusinessDesk) - Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertisers’ demand, narrowed its first-half loss as it fattened margins on increased revenue, led by faster growth in southeast ... More >>
Vector to repay $540M of bank debt on sale of gas business
Monday, 30 November 2015, 9:35 am | BusinessDesk
Vector to repay $540M of bank debt on sale of gas business, expects bigger drop in operating earnings More >>
World Week Ahead: Yellen, ECB, OPEC
Monday, 30 November 2015, 7:53 am | BusinessDesk
Nov. 30 (BusinessDesk) - A speech by Federal Reserve Chair Janet Yellen as well as the latest US jobs data will draw the focus in the coming days as investors refine bets that policy makers are set to increase interest rates at their December meeting. More >>
MARKET CLOSE: NZ shares rise on a2 bounceback
Friday, 27 November 2015, 5:47 pm | BusinessDesk
Nov. 27 (BusinessDesk) - New Zealand shares rose as a2 Milk, which had dipped from a record high this week, resumed its rally, and companies held for their relatively high yields, such as Tower and Genesis Energy, gained on speculation the Reserve ... More >>
Parent, wife of Pike River victims fail to win court review
Friday, 27 November 2015, 5:44 pm | BusinessDesk
h3>Parent, wife of Pike River victims fail to win court review By Jonathan Underhill More >>
High Court hears allegations over redacted report in Trends
Friday, 27 November 2015, 5:43 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Allegations that government funding agency Callaghan Innovation removed criticism of ambiguity in a research and development funding contract at the centre of legal action were aired in the High Court at Auckland today. More >>
NZ dollar largely unchanged this week
Friday, 27 November 2015, 5:10 pm | BusinessDesk
Nov. 27 (BusinessDesk) - The New Zealand dollar was largely unchanged heading into the week's close as the Thanksgiving holiday in the US sapped trading activity and as investors gear up for a series of central bank meetings next month. More >>
Scentre Group agrees to sell three Westfield malls
Friday, 27 November 2015, 4:42 pm | BusinessDesk
Nov. 27 (BusinessDesk) - ASX-listed Scentre Group has agreed to sell three Westfield shopping centres for $549 million in two deals, having put them up for sale earlier this year. More >>
Pulse Energy investors get mixed messages on takeover
Friday, 27 November 2015, 4:04 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Pulse Energy investors have been given mixed messages in a split recommendation on whether to accept a takeover bid for the electricity retailer, where three of the company's four independent directors won't take up the offer. More >>
Beef, pig and deer farmers face stream-fencing requirements
Friday, 27 November 2015, 1:33 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Beef and deer farmers, along with outdoor piggeries, are set to face the same stream-fencing requirements as dairy farmers following the latest recommendations of the Land and Water Forum, while commercial and industrial water ... More >>
