BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 699]

NZ dollar tests 66 US cents

Friday, 20 November 2015, 8:44 am | BusinessDesk

NZ dollar tests 66 US cents as traders pull back bets on US dollar's advance More >>

While you were sleeping: Gradualism embraced

Friday, 20 November 2015, 7:49 am | BusinessDesk

Nov. 20 (BusinessDesk) - The US dollar slid, while Wall Street and US Treasuries gained, amid expectations that Federal Reserve interest rate increases will be gradual. More >>

MARKET CLOSE: NZ shares rise, led by TradeMe; Westpac gains

Thursday, 19 November 2015, 5:52 pm | BusinessDesk

Nov. 19 (BusinessDesk) - New Zealand shares rose, led by auction site Trade Me Group, while a rally in Australian shares helped lift Westpac Banking Corp and Australia & New Zealand Banking Group. More >>

NZ dollar rises; Fed minutes hold no new clues on rate track

Thursday, 19 November 2015, 5:10 pm | BusinessDesk

Nov. 19 (BusinessDesk) - The New Zealand dollar rose after minutes to the last Federal Reserve policy meeting showed an interest rate hike was still on the cards next month without offering more guidance, prompting some traders to cash in on their bets on ... More >>

McIntosh behaviour shows he wasn't aware of RAM woes: lawyer

Thursday, 19 November 2015, 3:20 pm | BusinessDesk

Nov. 19 (BusinessDesk) - Former Ross Asset Management investor Hamish McIntosh wouldn't have continued to spend money on a property development in Wellington had he known the fund manager was in trouble, the Court of Appeal was told. More >>

Kathmandu increases CEO incentive targets

Thursday, 19 November 2015, 2:07 pm | BusinessDesk

Nov. 19 (BusinessDesk) - Kathmandu Holdings' board increased the compound annual earnings-per-share growth target for its chief executive's incentive scheme to a minumum of 17.5 percent at its annual meeting today, following unhappiness from shareholders ... More >>

Veritas affirms annual earnings guidance

Thursday, 19 November 2015, 12:35 pm | BusinessDesk

Nov. 19 (BusinessDesk) - Veritas Investments expects to turn around its struggling gourmet supermarket chain, Nosh Group, in the second quarter of 2016, and affirmed its annual profit guidance as it sells off poorly-performing assets from its BBC ... More >>

Fonterra exits Dairy Farmers of America joint venture

Thursday, 19 November 2015, 12:29 pm | BusinessDesk

Nov. 19 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, plans to sell its stake in the DairiConcepts ingredients joint venture with Dairy Farmers of America for some $196 million, after deciding it didn't fit the company's ... More >>

NZ sheep, beef farmers reap higher output prices in Sept 1/4

Thursday, 19 November 2015, 11:41 am | BusinessDesk

Nov. 19 (BusinessDesk) - New Zealand sheep and beef farmers received higher prices for their products in the September quarter, outpacing the rise in the prices they paid in the period, according to the latest producers price index. More >>

Indian student explotation poses risk to NZ's reputation

Thursday, 19 November 2015, 11:37 am | BusinessDesk

Nov. 19 (BusinessDesk) - Immigration officials are warning New Zealand's reputation as a destination for international students is at risk because of widespread evidence that Indian students are taking on debts for study here that lead to their exploitation ... More >>

Goldsmith eyes fake building company wind downs, Ponzis

Thursday, 19 November 2015, 10:56 am | BusinessDesk

Nov. 19 (BusinessDesk) - Commerce Minister Paul Goldsmith wants to know whether there are problems in the building sector where companies are wound up to dodge unpaid debts and whether better ways exist to claw back funds lost in Ponzi schemes, tasking ... More >>

Rakon turns to 1H profit, annual earnings likely to be flat

Thursday, 19 November 2015, 10:41 am | BusinessDesk

Nov. 19 (BusinessDesk) - Rakon, the high-tech components maker, turned to a first-half profit and reiterated that it expects to post flat full-year earnings. More >>

Turners lifts profit 50%, announces share buybacks

Thursday, 19 November 2015, 10:30 am | BusinessDesk

Nov. 19 (BusinessDesk) - Turners Group, the financial services firm formerly known as Dorchester Pacific, lifted profit nearly 50 percent as the company considers further acquisition opportunities after a strong trading performance in the first half of ... More >>

Trustpower cuts up to A$70M off the value of its SA windfarm

Thursday, 19 November 2015, 10:06 am | BusinessDesk

Nov. 19 (BusinessDesk) - Trustpower downgraded its assessment of the potential production from the second stage of its Snowtown wind farm in South Australia by 9.4 percent, reducing operating earnings by around A$8.5 million a year "in a year of average ... More >>

Precision Microcircuits partners with ultrasound pioneer

Thursday, 19 November 2015, 9:24 am | BusinessDesk

Nov. 19 (BusinessDesk) - Precision Microcircuits, a family-owned New Plymouth firm, has partnered with a global pioneer in ultrasound technology to build a portable brain injury scanner that may become a must-have for field medics around the world. More >>