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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 71]
NZD weakens after Trump steps up pressure on China
Monday, 6 May 2019, 11:14 am | BusinessDesk
May 6 (BusinessDesk) - The New Zealand dollar weakened after US President Donald Trump stepped up the pressure on China and as investors await rate decisions here and in Australia. More >>
Reserve Bank's rate cut decision on a knife edge
Monday, 6 May 2019, 10:59 am | BusinessDesk
May 3 (BusinessDesk) - Will New Zealand's new monetary policy committee opt to cut or will it hold? Markets are split, as are economists with Westpac Bank saying the decision is "on a knife edge" and ASB Bank calling it "finely balanced." More >>
US earnings season adds weight to Fed's up-beat view
Monday, 6 May 2019, 10:38 am | BusinessDesk
May 6 (BusinessDesk) - Corporate America is adding weight to the Federal Reserve's upbeat view of the US economy with about three-quarters of the S&P 500 Index companies that have reported so far beating earnings forecasts. More >>
MARKET CLOSE: NZ shares fall from record
Friday, 3 May 2019, 8:41 pm | BusinessDesk
May 3 (BusinessDesk) - New Zealand shares fell from a record as investors took advantage of the recent gains. Z Energy dropped on an unusually large volume of trading. More >>
Govt blocks land sale for Waihi tailings expansion
Friday, 3 May 2019, 8:27 pm | BusinessDesk
May 3 (BusinessDesk) - Miner OceanaGold has had its bid to buy land for a new tailings dam near its Waihi mine turned down by the government. More >>
NZ dollar climbs a little on poor Australian housing data
Friday, 3 May 2019, 8:25 pm | BusinessDesk
May 3 (BusinessDesk) - The New Zealand dollar firmed slightly after further bad news about Australia’s housing market but ended down on the week as investors bet on the chance of a rate cut. More >>
UPDATE: ANZ warns farmers
Friday, 3 May 2019, 7:09 pm | BusinessDesk
May 3 (BusinessDesk) - ANZ Bank has warned its farming customers they face higher borrowing costs almost immediately due to Reserve Bank intervention, even though wholesale interest rates have been falling sharply for more than a year. More >>
UPDATE: KiwiRail chair takes reins as CEO
Friday, 3 May 2019, 7:08 pm | BusinessDesk
May 3 (BusinessDesk) - KiwiRail chair Greg Miller has been named chief executive of the state-owned rail operator after the company said an international search failed to find a candidate with sufficient breadth of experience. More >>
KiwiRail chair to take reins as CEO
Friday, 3 May 2019, 6:37 pm | BusinessDesk
May 3 (BusinessDesk) - KiwiRail chair Greg Miller has been named chief executive of the state-owned rail operator after the company said an international search failed to find a candidate with sufficient breadth of experience. More >>
Technology at scale key to Z Energy's future growth
Friday, 3 May 2019, 6:36 pm | BusinessDesk
May 3 (BusinessDesk) - Deploying new technology at scale to provide better services will be a key part of Z Energy’s future growth, chief executive Mike Bennetts says. More >>
RBNZ intervention may mean higher borrowing costs
Friday, 3 May 2019, 2:59 pm | BusinessDesk
May 3 (BusinessDesk) - ANZ Bank has warned its farming customers they face higher borrowing costs almost immediately due to Reserve Bank intervention, even though wholesale interest rates have been falling sharply for more than a year. More >>
RBNZ intervention may mean higher borrowing costs
Friday, 3 May 2019, 2:22 pm | BusinessDesk
May 3 (BusinessDesk) - ANZ Bank has warned its farming customers they face higher borrowing costs almost immediately due to Reserve Bank intervention, even though wholesale interest rates have been falling sharply for more than a year. More >>
Spheria Asset Management takes A$4.8M stake in NZME
Friday, 3 May 2019, 12:19 pm | BusinessDesk
May 3 (BusinessDesk) - Spheria Asset Management spent A$4.8 million building up a 5.3 percent stake in NZME to become the latest Australian fund manager to take a punt on the Kiwi media group. More >>
NZ dollar falters ahead of next week's rate decision
Friday, 3 May 2019, 12:18 pm | BusinessDesk
May 3 (BusinessDesk) - The New Zealand was weaker ahead of next week’s domestic policy review and as investors pare back expectations of any rate cut in the United States. More >>
MARKET CLOSE: NZ shares gain as investors welcome Z's view
Thursday, 2 May 2019, 8:38 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as investors welcome Z's dividend view; Trade Me departs More >>
NZ dollar firms a little; traders still eyeing an OCR cut
Thursday, 2 May 2019, 8:24 pm | BusinessDesk
May 2 (BusinessDesk) - The New Zealand dollar recovered some of the ground lost after the US Federal Reserve appeared to take a rate cut off the table - but it is probably headed lower. More >>
CORRECT: Overseas buyers missing in action
Thursday, 2 May 2019, 8:22 pm | BusinessDesk
May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the year after restrictions to bar foreigners from snapping up existing homes took hold. More >>
AMP's NZ wealth management arm suffers Q1 cash outflow
Thursday, 2 May 2019, 8:20 pm | BusinessDesk
May 2 (BusinessDesk) - AMP’s New Zealand wealth management business suffered a net cash outflow of A$52 million in the March quarter, a big turn-around from a net inflow of A$53 million in the same quarter of last year. More >>
UPDATE: BNZ lifts first-half profit 12.2%
Thursday, 2 May 2019, 8:19 pm | BusinessDesk
May 2 (BusinessDesk) - Bank of New Zealand’s first-half net profit jumped 12.2 percent, boosted by gains on the sale of its 25 percent stake in Paymark and increased business and housing lending. More >>
UPDATE: Z Energy shares rise on savings, dividend guidance
Thursday, 2 May 2019, 8:17 pm | BusinessDesk
(Recasts to focus on savings initiatives, adds share price in 8th paragraph, Marpol risk to end) More >>
