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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 706]
NZ dollar slips on concern about global growth outlook
Tuesday, 10 November 2015, 8:40 am | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar edged lower after the OECD trimmed global growth forecasts, citing a "deeply concerning" outlook for world trade. More >>
Select committee scrutiny of TPP deal likely after February
Tuesday, 10 November 2015, 7:09 am | BusinessDesk
Nov. 10 (BusinessDesk) - The foreign affairs, defence and trade select committee is likely to start public hearings on the text of the Trans-Pacific Partnership and associated National Interest Assessment soon after governments sign the accord, expected ... More >>
While you were sleeping: Global growth concerns
Tuesday, 10 November 2015, 5:42 am | BusinessDesk
Nov. 10 (BusinessDesk) - Equities on both sides of the Atlantic moved lower, as did commodities, amid expectations of slowing global economic growth, even as the US Federal Reserve appears to be positioning for higher interest rates next month. More >>
MARKET CLOSE: NZ stocks fall; Vector sale price disappoints
Monday, 9 November 2015, 6:01 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall as Vector gas sale price disappoints, property companies fall as bond yields rise More >>
Yellow launches free home maintenance app
Monday, 9 November 2015, 5:58 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Yellow Holdings, the directories company created by creditors in return for relinquishing claims to $385 million of debt, is launching the first product developed by its YellowLabs unit: an app that helps them keep track of home ... More >>
NZ dollar claws back some ground after post-payrolls slump
Monday, 9 November 2015, 5:39 pm | BusinessDesk
Nov. 9 (BusinessDesk) - The New Zealand dollar clawed back some ground, having slumped in the wake of stronger-than-expected US jobs figures that made a December interest rate hike in the US more of a certainty. More >>
Silver Fern Farms confirms positive financial result
Monday, 9 November 2015, 4:57 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Silver Fern Farms, the countrys’ largest meat exporter, has confirmed a positive 2015 financial result and further debt reduction as it progresses its planned 50/50 joint venture with China’s Shanghai Maling Aquarius. More >>
Methven shares jump to 4-mth high as strategy seen on track
Monday, 9 November 2015, 3:43 pm | BusinessDesk
Methven shares jump to 4-month high as 20% gain in first-half profit shows strategy on track More >>
NZ Dollar Outlook: Kiwi seen heading lower on Fed rate bets
Monday, 9 November 2015, 3:11 pm | BusinessDesk
Nov. 9 (BusinessDesk) - The New Zealand dollar, which has shed more than 3 percent so far this month, is likely to drop further this week as momentum builds for interest rate hikes in the US. More >>
NZ Post sells Converga subsidiary to Canon
Monday, 9 November 2015, 2:27 pm | BusinessDesk
Nov. 9 (BusinessDesk) - New Zealand Post Group has sold its wholly owned subsidiary Converga to Canon Australia for an undisclosed sum. More >>
UPDATE: Chow brothers plan to list on NZAX via RIS Group
Monday, 9 November 2015, 1:12 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Wellington businessmen John and Michael Chow, the property developers and brothel owners, plan to list some assets on the NZAX market by taking over shell company RIS Group. More >>
Wellington's Chow brothers plan to list on NZAX via RIS
Monday, 9 November 2015, 12:09 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Wellington businessmen John and Michael Chow, the property developers and brothel owners, plan to list some assets on the NZAX market by taking over shell company RIS Group. More >>
Vector sells gas pipelines for $952M to focus on Auckland
Monday, 9 November 2015, 10:12 am | BusinessDesk
Nov. 9 (BusinessDesk) - Vector, the Auckland-based electricity and gas network operator, is to quit its gas transmission and distribution assets outside Auckland in a $952.2 million sale to Australian investor First State Funds, an infrastructure investor ... More >>
Methven first half profit rises 20%, pays special dividend
Monday, 9 November 2015, 10:11 am | BusinessDesk
Nov. 9 (BusinessDesk) - Methven, the NZX-listed tap and shower manufacturer and exporter, said first-half profit rose about 20 percent, based on its old balance date, and it will pay a fully-imputed special dividend of 3 cents a share. More >>
AWF Madison 1H profit rises 17%, sees 'satisfactory' year
Monday, 9 November 2015, 10:00 am | BusinessDesk
Nov. 9 (BusinessDesk) - AWF Madison Group, the country's largest contract labour firm, increased first-half profit 17 percent and said it expects a "satisfactory" result for the full year. More >>
NZ dollar drops below 65 cts as case for Fed rate hike rises
Monday, 9 November 2015, 8:32 am | BusinessDesk
Nov. 9 (BusinessDesk) - The New Zealand dollar dipped below 65 US cents following a jump in the US dollar as the case for a US interest rate hike firmed following better-than-expected data on the US labour market. More >>
World Week Ahead: US consumer in spotlight
Monday, 9 November 2015, 7:37 am | BusinessDesk
Nov. 9 (BusinessDesk) - After October’s jobs report firmed expectations that US Federal Reserve policy makers might lift interest rates next month, investors will eye retail sales data to gauge the strength of the mighty American consumer. More >>
MARKET CLOSE: NZ shares slip from record high; ANZ falls
Friday, 6 November 2015, 5:56 pm | BusinessDesk
Nov. 6 (BusinessDesk) - New Zealand shares fell, led by Australia & New Zealand Banking Group and Spark New Zealand, as investors said they want more evidence of growth prospects after the benchmark index surged 8.5 percent in a four-week rally ... More >>
NZ wool gains as price declines lure Chinese buyers
Friday, 6 November 2015, 5:46 pm | BusinessDesk
Nov. 6 (BusinessDesk) - New Zealand wool rose at auction as a drop in the local currency and last month's price declines lured buyers from China, the country's biggest wool buyer. More >>
NZ dollar heads for weekly drop on Fed hike focus
Friday, 6 November 2015, 5:06 pm | BusinessDesk
NZ dollar heads for 2.4% weekly drop as US rate hikes back in focus, payrolls looms More >>
