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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 702]
Tax net tightens on offshore purchases in govt GST grab
Monday, 16 November 2015, 3:01 pm | BusinessDesk
Nov. 16 (BusinessDesk) - The government has introduced a bill to tax online services purchased overseas, including videos, music, software and e-books, the first step in efforts to capture an estimated $180 million of goods and services tax lost when ... More >>
NZ Dollar Outlook: Kiwi may drop on dairy auction weakness
Monday, 16 November 2015, 2:41 pm | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand dollar may decline this week as dairy prices look set to head lower at the fortnightly GlobalDairyTrade auction. More >>
Fonterra redundancies rise to 835, lifts forecast earnings
Monday, 16 November 2015, 12:31 pm | BusinessDesk
Nov. 16 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, has confirmed it has laid off 835 staff through its major restructuring this year, up from 750 announced in August. More >>
Oceania trading profitably as it expands aged-care business
Monday, 16 November 2015, 12:21 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Oceania Healthcare, the aged-care operator managed by Macquarie Group, is trading profitably and has no immediate need for more capital but will have to consider raising funds in the short-to-medium term. More >>
NZ services sector activity comes off its highs in October
Monday, 16 November 2015, 11:19 am | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, expanded at a slower rate in October as it came off its highest level in almost eight years. More >>
NZ retail sales rise 1.6% in Sept quarter
Monday, 16 November 2015, 11:19 am | BusinessDesk
NZ retail sales rise 1.6% in Sept quarter on robust auto trading, consumer electronics More >>
Ebos to buy Red Seal natural health business for $80 mln
Monday, 16 November 2015, 9:35 am | BusinessDesk
Nov. 16 (BusinessDesk) - Ebos Group, the animal and healthcare company, will expand its reach in the natural health products sector after agreeing to buy New Zealand vitamin and herbal tea maker Red Seal for $80 million. More >>
Fonterra raises annual earnings forecast on margins boost
Monday, 16 November 2015, 9:33 am | BusinessDesk
Nov. 16 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, raised its annual earnings forecast as it cuts costs and boosts margins even as milk volumes decline. More >>
Wynyard signs $900,000 contract with Saudi Bank
Monday, 16 November 2015, 9:24 am | BusinessDesk
Nov. 16 (BusinessDesk) - Wynyard Group, the security software firm, has signed a $900,000 contract with an unidentified Saudi bank to help the institution comply with regulation from Saudi Arabia's central bank, the Saudi Arabian Monetary Agency. More >>
Argosy lifts first-half earnings 6.2% on Auckland rentals
Monday, 16 November 2015, 9:12 am | BusinessDesk
Argosy lifts first-half earnings 6.2% as scarce Auckland office space drives rental growth More >>
NZ dollar may extend decline further as investors shun risk
Monday, 16 November 2015, 8:34 am | BusinessDesk
Nov. 16 (BusinessDesk) - The New Zealand dollar edged lower and may decline further as investors eschew riskier assets following the terrorist attacks in Paris at the weekend. More >>
World Week Ahead: Fed minutes awaited
Monday, 16 November 2015, 7:02 am | BusinessDesk
Nov. 16 (BusinessDesk) - Minutes from the Federal Reserve’s October meeting will be centre stage this week after last week’s slide in equities and commodities on expectations the US central bank will lift rates next month. More >>
MARKET CLOSE: NZ shares fall, led by Steel & Tube
Friday, 13 November 2015, 5:59 pm | BusinessDesk
MARKET CLOSE: NZ shares fall, led by Steel & Tube on supply glut; A2 Milk declines More >>
NZ dollar heads for 0.4% rise this week
Friday, 13 November 2015, 5:09 pm | BusinessDesk
NZ dollar heads for 0.4% rise this week as traders weigh up interest rate outlook More >>
SkyCity's Morrison says sorry for Adelaide performance
Friday, 13 November 2015, 2:52 pm | BusinessDesk
Nov. 13 (BusinessDesk) - SkyCity Entertainment Group chief executive Nigel Morrison apologised to shareholders at today’s annual general meeting in Auckland for “stuffing it up” at the company's refurbished Adelaide Casino last year, but has since turned ... More >>
BNZ cuts forecast for Fonterra payout on weak global prices
Friday, 13 November 2015, 2:42 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Bank of New Zealand cut its forecast for Fonterra Cooperative Group's payout to farmers this season amid continued weakness in international dairy prices. More >>
ProTen chicken farmer gets go-ahead for A$60M NSW expansion
Friday, 13 November 2015, 12:45 pm | BusinessDesk
Nov. 13 (BusinessDesk) - ProTen, an Australian chicken farming business whose shares trade on New Zealand's Unlisted market, gained planning approval this week enabling it to expand operations in the Australian state of New South Wales. More >>
Wynyard signs 3-year counter-terrorism contract worth $4.5M
Friday, 13 November 2015, 10:49 am | BusinessDesk
Nov. 13 (BusinessDesk) - Wynyard Group, the security software developer, has signed a three-year contract worth $4.5 million with a national security agency it didn't name to use its software for counter-terrorism and protect high value assets. More >>
Air NZ announces direct flights to Vietnam
Friday, 13 November 2015, 10:24 am | BusinessDesk
Nov. 13 (BusinessDesk) - Air New Zealand, the country's national carrier, will start flying directly to Vietnam from the middle of next year, expanding its Asia-Pacific offering as it faces increased competition on both international and domestic routes. More >>
SkyCity lifts earnings 14% in first four months of FY16
Friday, 13 November 2015, 10:23 am | BusinessDesk
Nov. 13 (BusinessDesk) - SkyCity Entertainment Group, New Zealand's only listed casino company, boosted earnings 14 percent in the first four months of its 2016 financial year on improved results from its flagship Auckland businesses and its struggling ... More >>
